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B2Gold to sell Burkina Faso projects

B2Gold Corp. has entered into a binding agreement with West African Resources pursuant to which B2Gold has agreed to sell to WAF 100% of the issued and outstanding shares of Volta Resources, the holder of an 81% interest in the Kiaka gold project located in Burkina Faso.

Clive Johnson, President and CEO of B2Gold, stated:

“We are pleased to have reached an agreement with WAF relating to the sale of the Kiaka Project, building on a strong relationship that we have formed with WAF over the past several years following the initial agreement relating to the Toega Project.

“WAF has a strong reputation of being a solid operator in Burkina Faso and with its existing local infrastructure and operating experience is well positioned to move the Kiaka Project forward in a timely and cost-effective manner.

“B2Gold, through the WAF shares it will receive as part of the consideration, and royalties on both the Kiaka and Toega projects, will continue to benefit from the future development of the projects.”