B2Gold Corp. (TSX: BTO) (NYSE AMERICAN: BTG) (NSX: B2G) is pleased to announce its operational and financial results for the second quarter of 2026. All dollar figures are in United States dollars unless otherwise indicated.

2026 Second Quarter Highlights

• Gold production of 203,648 ounces: Consolidated gold production in the second quarter of 2026 was 203,648 ounces, in line with expectations. Gold production at Fekola, Masbate and Otjikoto was higher than anticipated, offset by lower than anticipated gold production at Goose as a result of a previously reported fire in certain areas of the crushing circuit in April 2026.
• Consolidated cash operating costs of $1,201 per gold ounce produced: Consolidated cash operating costs (see “Non-IFRS Measures”) were $1,201 per gold ounce produced ($1,127 per gold ounce sold) during the second quarter of 2026. Cash operating costs per ounce produced for the second quarter of 2026 were lower than anticipated mainly as a result of lower than expected processing costs at Masbate, with Fekola, Otjikoto and Goose relatively in-line with expectations.
• Consolidated all-in sustaining costs of $2,356 per gold ounce sold: Consolidated all-in sustaining costs (see “Non-IFRS Measures”) were $2,356 per gold ounce sold during the second quarter of 2026. Consolidated all-in sustaining costs for the second quarter of 2026 were lower than anticipated as a result of lower than expected production costs, and lower than expected sustaining capital expenditures.
• Attributable net income of $0.31 per share; adjusted attributable net income of $0.03 per share: Net income attributable to the shareholders of the Company of $417 million, or $0.31 per share; adjusted net income (see “Non-IFRS Measures”) attributable to the shareholders of the Company of $41 million, or $0.03 per share. Adjusted net income in the second quarter of 2026 excluded a gain on sale of mining interests of $292 million and unrealized gains on derivative instruments of $135 million, amongst other items. Included in adjusted net income for the second quarter of 2026 is $71 million of realized losses on the Company’s gold collars. Final settlement of the gold collar contracts will be completed in January 2027.
• Operating cash flow before working capital adjustments of $94 million and free cash outflow of $258 million: Cash flow provided by operating activities before working capital adjustments of $94 million, and free cash outflow (see “Non-IFRS Measures”) of $258 million in the second quarter of 2026. Free cash outflow during the second quarter was mainly the result of higher cash tax payments (including a higher priority dividend paid to the State of Mali), the impact of the prepaid gold sales, and higher production costs, which more than offset higher gold revenues. Free cash flow for the second quarter of 2026 does not include the $325 million of cash proceeds on sale of the Finland properties.
• Repurchased $92 million of shares under the Company’s renewed normal course issuer bid: On April 1, 2026, the Toronto Stock Exchange accepted the notice of B2Gold’s intention to renew its normal course issuer bid. The renewed NCIB commenced on April 3, 2026 and will expire no later than April 2, 2027. Under the NCIB, the Company may purchase up to 132,662,594 common shares, representing 10% of the public float as of March 20, 2026. During the second quarter of 2026, the Company repurchased a total of 19 million shares for $92 million.
• Menankoto Exploitation Permit Status: During the week of July 27, 2026, B2Gold senior executives completed productive meetings with key government officials of the State of Mali, who have confirmed all the required steps to finalize approval of the Menankoto exploitation permit have been completed. The permit is now awaiting approval by the Council of Ministers of Mali, which B2Gold anticipates will occur in the near future. The Menankoto Exploitation Permit together with the Dandoko exploration permit, make up Fekola Regional, a key near-term production growth driver for B2Gold. B2Gold and the State of Mali remain committed to the agreement entered into in September 2024 related to the ongoing operation and governance of the Fekola Mine and Fekola Regional (together “Fekola Complex”).
• Sold 70% interest in Fingold Ventures Ltd. to Agnico Eagle Mines Ltd. for $325 million: On April 23, 2026, B2Gold announced that it had completed the sale of its 70% interest in Fingold to Agnico Eagle for cash consideration of $325 million.
• Completed final delivery of ounces into the Gold Prepay contracts: As of June 30, 2026, the Company had delivered all 264,768 ounces into the Gold Prepay contracts. With all future gold sales expected at spot prices, free cash flow is anticipated to improve in the second half of 2026 relative to the second quarter of 2026.
• Strong financial position and liquidity: At June 30, 2026, the Company had cash and cash equivalents of $287 million and working capital (defined as current assets less assets classified as held for sale and current liabilities) of $405 million. During the second quarter of 2026, the Company repaid $75 million on the Company’s $800 million revolving credit facility (“RCF”), leaving the full $800 million available for future drawdowns as of June 30, 2026.
• Consolidated gold production guidance range narrowed to between 820,000 and 920,000 ounces: The Company is modifying the gold production guidance ranges for each of Fekola, Masbate, Otjikoto, and Goose to reflect year-to-date operating performance and expected results in the second half of 2026. The largest change relates to Fekola Regional, based on delays in issuance of the Menankoto Exploitation Permit. Consolidated gold production for 2026 is now expected to be between 820,000 and 920,000 ounces (previously between 820,000 and 970,000 ounces). Based on the mine-by-mine production guidance changes, consolidated cash operating costs guidance remains unchanged between $1,155 and $1,280 per gold ounce produced, while consolidated all-in sustaining costs guidance for 2026 is now forecast to be between $2,370 and $2,550 per gold ounce sold (previously between $2,400 and $2,580 per gold ounce sold). The Company believes consolidated all-in sustaining costs for 2026 will be at or below the low-end of this updated guidance range.
• Q3 2026 dividend of $0.02 per share declared: On August 6, 2026, B2Gold’s Board of Directors declared a cash dividend for the third quarter of 2026 of $0.02 per common share (or an expected $0.08 per share on an annualized basis), payable on September 23, 2026, to shareholders of record as of September 10, 2026.

Mike Cinnamond, President and CEO of B2Gold, said “B2Gold delivered a solid second quarter, with production across our operating portfolio largely in line with expectations, highlighted by stronger-than-anticipated performance from Fekola, Masbate and Otjikoto. Following recent visits to Mali to discuss the status of issuance of the Menankoto Exploitation Permit, we believe that all necessary steps in the approval process have now been completed, and are confident that the permit will be approved by the Council of Ministers of Mali in the near future. Receipt of the Menankoto Exploitation Permit will be an important milestone that allows B2Gold to commence mining within Fekola Regional and supports the continued long-term growth of the Fekola Complex. At Goose, while the previously reported fire in certain areas of the crushing circuit temporarily impacted production during the second quarter, the quick and well-executed response of our team safely contained the incident, limiting the damage and resulting in no injuries to employees. Repair of the crushing circuit is progressing as planned and is on track for completion in the third quarter. During the second quarter, we further strengthened our balance sheet through the sale of our interest in Fingold for $325 million in cash, unlocking significant value for our shareholders. Other highlights from the second quarter included repurchasing $92 million of shares under our NCIB and completing the final deliveries into our Gold Prepay contracts. As we look forward to the second half of 2026 and into 2027, B2Gold expects to generate significant free cash flow at prevailing metal prices, enabling us to reinvest in our business, fund our prospective exploration projects, and increase capital returns to shareholders.”

2026 Guidance

• ^{Totals may not add due to rounding. Estimates are based on a $5,000 per oz gold price assumption for 2026.
  (2) The Fekola Complex is comprised of the Fekola Mine (Medinandi permit hosting the Fekola and Cardinal open pits and Fekola underground), and Fekola Regional (comprised of the consolidated Menankoto permit, and the Dandoko permit).
  (3) Non-IFRS measure. For a description of how these measures are calculated and a reconciliation of these measures to the most directly comparable measures specified, defined or determined under IFRS and presented in the Company’s financial statements, refer to “Non-IFRS Measures”.}

Second Quarter 2026 Results

^{(1) Attributable to the shareholders of the Company.
(2) Non-IFRS measure. For a description of how these measures are calculated and a reconciliation of these measures to the most directly comparable measures specified, defined or determined under IFRS and presented in the Company’s financial statements, refer to “Non-IFRS Measures”.
(3) Cash operating costs per gold ounce sold, cash operating costs per gold ounce produced, total cash costs per gold ounce sold and all-in sustaining costs per gold ounce sold do not include the results of pre-commercial production from the Goose Mine.}

Liquidity and Capital Resources

B2Gold continues to maintain a strong financial position and liquidity. At June 30, 2026, the Company had cash and cash equivalents of $287 million and working capital (defined as current assets less assets classified as held for sale and current liabilities) of $405 million. During the first half of 2026, the Company repaid a net $150 million on the Company’s RCF, leaving the full $800 million available for future drawdowns. Subsequent to June 30, 2026, the Company drew down $95 million under the RCF to fund working capital initiatives, predominantly the purchase of annual fuel requirements for Goose that will be transported to site in early 2027.

Third Quarter 2026 Dividend

On August 6, 2026, B2Gold’s Board of Directors declared a cash dividend for the third quarter of 2026 (the “Q3 2026 Dividend”) of $0.02 per common share (or an expected $0.08 per share on an annualized basis), payable on September 23, 2026, to shareholders of record as of September 10, 2026.

The Company currently has a Dividend Reinvestment Plan. For the purposes of the Q3 2026 Dividend, the Company has determined that no discount will be applied to calculate the Average Market Price (as defined in the DRIP) of its common shares issued from treasury. Beneficial shareholders who wish to participate in the DRIP should contact their financial advisor, broker, investment dealer, bank, financial institution, or other intermediary through which they hold common shares for instructions on how to enroll in the DRIP.

This dividend is designated as an “eligible dividend” for the purposes of the Income Tax Act (Canada). Dividends paid by B2Gold to shareholders outside Canada (non-resident investors) will be subject to Canadian non-resident withholding taxes.

The declaration and payment of future dividends and the amount of any such dividends will be subject to the determination of the Board, in its sole and absolute discretion, taking into account, among other things, economic conditions, business performance, financial condition, growth plans, expected capital requirements, compliance with B2Gold’s constating documents, all applicable laws, including the rules and policies of any applicable stock exchange, as well as any contractual restrictions on such dividends, including any agreements entered into with lenders to the Company, and any other factors that the Board deems appropriate at the relevant time. There can be no assurance that any dividends will be paid at the intended rate or at all in the future.

For more information regarding the DRIP and enrollment in the DRIP, please refer to the Company’s website at https://www.b2gold.com/investors/stock_info/.

This news release does not constitute an offer to sell or the solicitation of an offer to buy securities in any jurisdiction nor will there be any sale of these securities in any province, state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such province, state or jurisdiction.

The Company has filed a registration statement relating to the DRIP with the U.S. Securities and Exchange Commission that may be obtained under the Company’s profile on the U.S. Securities and Exchange Commission’s website at http://www.sec.gov/EDGAR or by contacting the Company using the contact information at the end of this news release.

Operations

Fekola Complex – Mali

^{(1) Non-IFRS measure. For a description of how these measures are calculated and a reconciliation of these measures to the most directly comparable measures specified, defined or determined under IFRS and presented in the Company’s financial statements, refer to “Non-IFRS Measures”.}

The Fekola Complex is comprised of the Fekola Mine (Medinandi permit hosting the Fekola and Cardinal open pits and Fekola underground), owned 80% by B2Gold and 20% by the State of Mali, and Fekola Regional (comprised of the consolidated Menankoto permit and the Dandoko permit), which will be owned 65% by B2Gold and 35% by the State of Mali. Fekola Regional is located approximately 20 kilometers (“km”) from the Fekola Mine.

During the week of July 27, 2026, B2Gold senior executives completed productive meetings with key government officials of the State of Mali, who have confirmed all the required steps to finalize approval of the Menankoto Exploitation Permit have been completed. The permit is now awaiting approval by the Council of Ministers of Mali, which B2Gold anticipates will occur in the near future. Upon issuance of the Menankoto Exploitation Permit, mining pre-stripping activities will commence. Fekola Regional is expected to ramp up operations through the end of 2027, and produce in excess of 150,000 ounces of gold per year from 2028 through the mid-2030’s.

For the second quarter of 2026, production from Fekola was 116,281 ounces of gold. Gold production in the second quarter of 2026 was higher than anticipated due to higher mill throughput and higher mill feed grade.

Cash operating costs (refer to “Non-IFRS Measures”) for the second quarter of 2026 were $1,185 per ounce produced ($1,130 per gold ounce sold). Cash operating costs per ounce produced for the second quarter of 2026 were in line with expectations as higher than expected gold production was offset by higher than expected mining costs due to accelerated mining of the Fekola open pit as a result of delays in receiving the Menankoto exploitation permit.

All-in sustaining costs (refer to “Non-IFRS Measures”) for the second quarter of 2026 were $2,289 per gold ounce sold. All-in sustaining costs for the second quarter of 2026 were lower than anticipated due to higher than expected gold ounces sold, lower than expected sustaining capital expenditures, and a slightly lower than expected royalties expense per ounce sold.

Capital expenditures for the Fekola Mine in the second quarter of 2026 totalled $40 million primarily consisting of $19 million for deferred stripping, $12 million for major rebuilds of mobile equipment, $3 million for Fekola underground development, and $3 million for general site projects. Capital expenditures for Fekola Regional in the second quarter of 2026 totalled $28 million, primarily related to $17 million of mobile equipment purchases and $11 million of other site preparation projects.

The Fekola Complex is now expected to produce between 390,000 and 420,000 ounces of gold in 2026 (previously between 410,000 and 460,000 ounces). The reduction in gold production guidance for Fekola reflects better than anticipated gold production in the first half of 2026, which was offset by lower anticipated gold production from Fekola Regional in the second half of 2026.

Cash operating costs guidance of between $1,060 and $1,160 per gold ounce produced and all-in sustaining costs guidance of between $2,670 and $2,820 per gold ounce sold remain unchanged for 2026. The Company expects to be at or below the low end of the all-in sustaining costs guidance range for Fekola.

Goose Mine – Canada

^{(1) Non-IFRS measure. For a description of how these measures are calculated and a reconciliation of these measures to the most directly comparable measures specified, defined or determined under IFRS and presented in the Company’s financial statements, refer to “Non-IFRS Measures”.}

The Back River Gold District in Canada consists of several mineral claims blocks along an 80 km belt and contains the most advanced project in the district, the 100% owned Goose Mine.

B2Gold acknowledges our partner the Kitikmeot Inuit Association who has played a critical role for many years to ensure the development of a successful gold mining operation at the Goose Mine. Respect and collaboration with the KIA is central to the license to operate in the Back River Gold District and the Company will continue to prioritize developing the district in a manner that recognizes Inuit priorities, addresses concerns and brings long-term socio-economic benefits to the Kitikmeot Region. B2Gold looks forward to continuing to build on its strong collaboration with the KIA and Kitikmeot communities. With its significant gold resource endowment, the Back River Gold District is expected to be a large, long life mining complex.

On April 17, 2026, the Company announced that a fire had occurred in certain areas of the crushing circuit at Goose. No injuries were reported and no medical treatment was required related to the fire. The fire damage was localized to the crushing circuit area. There was no damage or impact to the mill or power facility. A revised processing plan was developed for the second and third quarters of 2026 based on the use of the existing mobile crushers to feed crushed ore directly to the fine ore stockpile while repairs to the crushing circuit related to the fire are completed. An additional mobile crusher and supporting equipment was purchased and transported to site, at an expected final cost of $16 million, to supplement the existing mobile crushers. The Company estimates that repairs will be completed in the third quarter of 2026 at a cost of approximately $13 million, excluding the purchase of the additional mobile crusher.

These repairs will coincide with the first phase of the upgrades to Goose crushing circuit comprised of the previously announced addition of a run-of-mine bin and apron feeder, plus a new larger jaw crusher and rock breaker. The total cost of the first phase of crushing circuit upgrades is expected to be approximately $11 million. B2Gold reiterates its estimate that Goose crushing circuit will be able to operate at an average daily capacity of approximately 3,200 tonnes per day by the end of the third quarter of 2026, as a result of the first phase of upgrades. Additionally, the Company is pursuing a second phase of crushing circuit upgrades that are scheduled to be implemented by the end of the first half of 2027 in order to increase the name-plate capacity of the crushing circuit. The total cost of the second phase of crushing circuit upgrades is expected to be $25 million, within the previously announced estimate of $20 to $30 million. The second phase of crusher upgrades include the installation of larger cone crushers, additional surge bins and feeders to optimize crusher performance, and upgraded conveyors to support higher throughput. Upon completion of the first and second phases of the crusher upgrades noted above, the Company expects crushing capacity will be increased to an average of 4,000 tonnes per day by the end of the first half of 2027.

The additional mobile crusher that was transported to site in July 2026, as described above, is anticipated to be operational in early August 2026. Based on anticipated design rates of the new mobile crusher, combined with the existing mobile crushers currently in operation at site, B2Gold believes mobile crushing capacity will be in excess of 3,000 tonnes per day beginning in early August 2026.

For the second quarter of 2026, production from Goose was 12,890 ounces of gold. Gold production in the second quarter was lower than anticipated due to lower than expected mill throughput as a result of the previously announced fire in the crushing circuit, partially offset by higher than expected mill feed grade.

Cash operating costs (refer to “Non-IFRS Measures”) for the second quarter of 2026 were $2,935 per gold ounce produced ($2,187 per gold ounce sold). Cash operating costs per ounce produced for the second quarter of 2026 were approximately in line with expectations.

All-in sustaining costs (refer to “Non-IFRS Measures”) for the second quarter of 2026 were $6,390 per gold ounce sold. All-in sustaining costs for the second quarter of 2026 were higher than anticipated as a result of lower than expected gold ounces sold and higher than expected sustaining capital expenditures. Sustaining capital expenditures were higher than anticipated as a result of expected catch-up on costs not incurred in the first quarter.

Capital expenditures in the second quarter of 2026 totalled $68 million primarily consisting of $26 million for site infrastructure and civil projects, $18 million for deferred stripping, $9 million for Umwelt underground development, and $9 million for mobile equipment purchases.

The Company is narrowing the gold production guidance range for Goose based on actual gold production results in the first half of 2026, combined with gold production estimates for the second half of 2026. Goose is now expected to produce between 170,000 and 200,000 ounces of gold in 2026 (previously between 170,000 and 230,000 ounces).

Cash operating costs guidance of between $1,610 and $1,810 per gold ounce produced and all-in sustaining costs guidance of between $2,670 and $2,970 per gold ounce sold remain unchanged for 2026.

Masbate Mine – Philippines

^{(1) Non-IFRS measure. For a description of how these measures are calculated and a reconciliation of these measures to the most directly comparable measures specified, defined or determined under IFRS and presented in the Company’s financial statements, refer to “Non-IFRS Measures”.}

The Masbate Mine continued its strong performance in the second quarter of 2026 with gold production of 51,039 ounces. Gold production in the second quarter of 2026 was higher than anticipated primarily as a result of higher mill throughput and gold recoveries.

The Masbate Mine’s cash operating costs (see “Non-IFRS Measures”) for the second quarter of 2026 were $804 per ounce produced ($810 per gold ounce sold). Cash operating costs per ounce produced for the second quarter of 2026 were lower than anticipated as a result of higher than expected gold production as well as lower operating costs due primarily to lower than expected processing costs.

All-in sustaining costs (refer to “Non-IFRS Measures”) for the second quarter of 2026 were $1,236 per gold ounce sold. All-in sustaining costs for the second quarter of 2026 were lower than anticipated primarily as a result of lower than expected production costs.

Capital expenditures in the second quarter of 2026 totalled $15 million, primarily consisting of $3 million for the solar plant, $3 million for major overhauls in the mill, $2 million in mobile equipment purchases and major rebuilds, $2 million for mine development and $2 million for tailings storage facility construction projects.

Masbate is now expected to produce between 180,000 and 200,000 ounces of gold in 2026 (previously between 170,000 and 190,000 ounces). The increase in gold production guidance for Masbate reflects better than anticipated gold production in the first half of 2026, with strong operating results expected to continue through year-end.

Cash operating costs guidance of between $900 and $1,000 per gold ounce produced and all-in sustaining costs guidance of between $1,430 and $1,580 per ounce sold remain unchanged for 2026. The Company expects to be at or below the low end of the all-in sustaining costs guidance range for Masbate.

Otjikoto Mine – Namibia

^{(1) Non-IFRS measure. For a description of how these measures are calculated and a reconciliation of these measures to the most directly comparable measures specified, defined or determined under IFRS and presented in the Company’s financial statements, refer to “Non-IFRS Measures”.}

Otjikoto in Namibia, in which the Company holds a 90% interest, produced 23,438 ounces of gold in the second quarter of 2026. Higher than anticipated production in the second quarter of 2026 was primarily due to higher than expected average mill feed grade as a result of greater ore volumes than expected from higher grade underground sources.

Cash operating costs (refer to “Non-IFRS Measures”) for the second quarter of 2026 were $1,190 per gold ounce produced ($1,080 per ounce gold sold). Cash operating costs per ounce produced for the second quarter of 2026 were lower than anticipated as a result of higher than expected gold production partially offset by higher than expected underground mining costs.

All-in sustaining costs (refer to “Non-IFRS Measures”) for the second quarter of 2026 were $1,480 per gold ounce sold. All-in sustaining costs per ounce sold for the second quarter of 2026 were lower than anticipated as a result of lower than expected cash operating costs per ounce sold and lower than expected sustaining capital expenditures.

Capital expenditures for the second quarter of 2026 totalled $8 million, primarily consisting of $5 million for Antelope development and $2 million for Wolfshag underground development.

Otjikoto is now expected to produce between 80,000 and 100,000 ounces of gold in 2026 (previously between 70,000 and 90,000 ounces). The increase in gold production guidance for Otjikoto reflects better than anticipated gold production in the first half of 2026, with strong operating results expected to continue through year-end.

Cash operating costs guidance of between $1,200 and $1,300 per ounce produced and all-in sustaining costs guidance of between $1,830 and $1,980 per ounce sold remain unchanged for 2026. The Company expects to be at or below the low end of the all-in sustaining cost guidance range for Otjikoto.

Outlook

Consolidated gold production of 441,411 ounces in the first half of 2026 exceeded corporate expectations. The higher than anticipated production helped drive lower than expected consolidated cash operating costs and all-in sustaining costs.

At Fekola, the Company remains focused on efficient operations at both the Fekola and Cardinal open-pits and Fekola underground. The expected near-term issuance of the Menankoto Exploitation Permit by the State of Mali, which along with the Dandoko exploration permit collectively forms Fekola Regional, is one of B2Gold’s most important near-term growth opportunities. Once the Menankoto Exploitation Permit is received, mining pre-stripping activities can commence. Fekola Regional is expected to ramp up operations through the end of 2027 and produce in excess of 150,000 ounces of gold per year from 2028 through the mid-2030’s.

At Goose, remediation repairs as a result of the fire in certain areas of the crushing circuit remain ongoing in conjunction with phase one of the planned Goose crushing circuit upgrades. The Company anticipates a continued ramp-up in mill throughput through the remainder of 2026 and into 2027. Phase two of the planned Goose crushing circuit upgrades will be completed in the first half of 2027, at which time the Company anticipates the Goose mill to operate at an average of 4,000 tonnes per day. B2Gold remains confident that Goose will be able to produce average gold production of 300,000 per year over the medium-term.

At Masbate, strong gold production results from the first half of 2026 are expected to continue throughout the remainder of the year. As a result, the Company is increasing the Masbate gold production guidance for 2026 and anticipates that all-in sustaining costs will be at or below the low-end of guidance.

Similarly, at Otjikoto strong gold production results from the first half of 2026 are expected to continue throughout the remainder of the year. As a result, the Company is increasing the Otjikoto gold production guidance for 2026 and anticipates that all-in sustaining costs will be at or below the low-end of guidance.

The Company is well placed to complete its budgeted capital and exploration activities for 2026, manage its financial commitments and continue to return capital to its shareholders. In addition to paying a dividend at a yield consistent with its peer group, the Company has continued to repurchase shares under its normal course issuer bid, or share buyback, program. The Company has already repurchased 35 million shares to date in 2026 for a total of $172 million and expects to repurchase further amounts as the year progresses.

Exploration also remains a key focus as B2Gold seeks to both expand its reserve and resource base at its existing operations as well as seeking out greenfield opportunities, including strategic investments in prospective junior exploration companies.

The Company’s ongoing strategy is to continue to maximize responsible profitable production from its existing mines, maintain a strong financial position, realize the potential increase in gold production from the Company’s existing development projects, continue exploration programs across the Company’s robust land packages, evaluate new exploration, development and production opportunities and continue to return capital to shareholders.

About B2Gold

B2Gold is a responsible international gold producer headquartered in Vancouver, Canada. Founded in 2007, today, B2Gold has operating gold mines in Canada, Mali, Namibia and the Philippines, and numerous development and exploration projects in various countries.

Qualified Persons

Bill Lytle, Senior Vice President and Chief Operating Officer, a qualified person under NI 43-101, has approved the scientific and technical information related to operations matters contained in this news release.

Andrew Brown, P. Geo., Vice President, Exploration, a qualified person under NI 43-101, has approved the scientific and technical information related to exploration and mineral resource matters contained in this news release.