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MacDonald Mines Announce Changes in Management: Provides Exploration Results and Plans for Continued Exploration of its SPJ Property

MacDonald Mines Exploration Ltd. (TSX-V: BMK, OTC: MCDMF) ("MacDonald Mines" or the "Company") announces that Mia Boiridy has left the organization, effective immediately.

Stuart Adair, CPA, CA, MA, BA, a member of the Board of Directors of MacDonald Mines and Chair of its Audit Committee, has been designated as the Company's interim Chief Executive Officer effective September 8, 2021. Mr. Adair has extensive financial and operating experience as a "C" suite executive and will provide support, direction, and guidance to MacDonald Mines' Management during this transition.

MacDonald Mines priorities are to continue with our business plan, deliver on our exploration models, and maintain a stable and effective organization. The Board of Directors has commenced a search for a new CEO. We thank Mia for her contributions and wish her success in her future endeavours.

MacDonald Mines also reports on results from its Summer 2021 mechanized stripping, channel sampling and regional prospecting program at its 100% owned SPJ Project, 30 km east of Sudbury, Ontario (Figure 1).

In the Glade area, channel sampling extended gold mineralization in the Alkin-Glade trend over 225 metres along strike. Exploration work in the Glade area also led to the discovery of a broad zone of anomalous gold in the Espanola limestone 150 m below the mineralized Alkin-Glade corridor in hole AG-21-097. Channel sampling at the Jerome showing indicates that the Nipissing intrusion contains palladium-rich mineralization.

https://www.globenewswire.com/NewsRoom/AttachmentNg/1d270f26-066d-4d43-8bce-83e5905c0387

Figure 1 - SPJ Property

2021 exploration highlights include:

Alkin-Glade

  • New channel sample results confirming gold mineralization at the Glade West showing
    • 5.12 g/t gold over 3.40 metres including 17.10 g/t gold over 0.80 metre
  • Discovery of quartz veins with visible gold 100 metres west of the Glade East showing and 125 metres east of the Glade West showing on trench AGT-21-011
    • Suggests that gold mineralization in the Alkin-Glade extends between the Glade East and Glade West showings over 225 metres
  • Identification of a broad zone of anomalous gold in the Espanola limestone at the southern margin of the Nipissing diabase (Glade diabase) hosting the Glade system 150 m below the Alkin-Glade trend
    • Analysis of the Espanola limestone below the southern contact of the Nipissing sill in hole AG-21-097 indicated 0.14 g/t gold over 31.50 metres

Rathbun block of the SPJ project

  • Confirmation that palladium-rich mineralization exists in the Nipissing sill at the Jerome showing in the Rathbun block of the SPJ property
    • Channel sample contains 2.97 g/t Pd, 0.42 g/t Pt and 0.24 g/t Au over 4 m (Cu and Ni assays are pending)

Fall 2021 exploration plans

During the Fall of 2021, the Company plans to complete the channel sampling and mapping program in the Glade and Alkin areas of the Alkin-Glade trend in preparation for diamond drilling in the Alkin-Glade corridor. The first phase of the drilling program will consist of a series of drill holes to test the continuity of gold mineralization between the Glade East and Glade West showings, separated by 225 m.

In parallel, the Company plans to prospect, sample and map the McLeod showing where historic diamond drilling intersected significant gold mineralization. The Company also plans to prospect and map gold-copper mineralization at the historic Alwyn Mine and explore for additional palladium-rich mineralization in the Nipissing sill hosting the Jerome showing,

Table 1 – Results of channel sampling along the northern contact of the Glade diabase in the Alkin-Glade trend

Channel sample
From
(m)

To
  (m)
Length*
(m)

Gold Structure
(g/t)
AGT-21-004C 0.70 2.10 1.40 3.61 Alkin-Glade
Trend
AGT-21-005A No significant results
AGT-21-005B No significant results
AGT-21-005C
0.70 4.10 3.40 5.12
Including
2.30 3.10 0.80 17.1
AGT-21-005D 1.30 2.10 0.80 0.71
AGT-21-005E 1.80 2.30 0.50 2.02
AGT-21-006A 2.00 2.80 0.80 0.14
AGT-21-006B 0.00 3.10 3.10 0.20

*Assay results are presented over the apparent length of the channel samples. Additional work is necessary to define the true width of the zone of mineralization.

Table 2 - Results from diamond drilling and channel sampling along the southern contact of the Glade diabase and the Espanola Limestone

Drill hole From
(m)
To
(m)
Length*
(m)
Gold
(g/t)
Structure
AG-21-097
184.90 216.40 31.50 0.14 Espanola- Glade Diabase contact
Including
188.97 190.44 1.47 0.56
Channel sample From
(m)
To
(m)
Length*
(m)
Gold
(g/t)
AGT-21-007A 0 1.00 1.00 0.27
AGT-21-007B No significant results
AGT-21-007C
AGT-21-007D
AGT-21-007E
AGT-21-007F

*Assay results are presented over core and channel sample length. As they represent discoveries, additional work is necessary to estimate the true width of the identified zones of mineralization.

Table 3 – Results from channel sampling at the Jerome showing

Channel sample From
(m)
To
  (m)
Length*
(m)
Gold
(g/t)
Palladium
(g/t)
Platinum
(g/t)
Zone
RAT-21-001A No significant results Jerome showing
RAT-21-001B No significant results
RAT-21-001C
0.00 4.00 4.00 0.24 2.97 0.42
Including
0.00 3.00 3.00 0.29 3.69 0.51
RAT-21-001D 2.00 4.00 2.00 0.25 2.93 0.42

*Assay results are presented over core length. As they represent discoveries, additional work is necessary to estimate the true width of the identified zones of mineralization.

Table 4. Coordinates of the reported channel samples and drill hole

ID X Y Z Azimuth Dip Length /
Depth (m)
Type
AG-21-097 529054 5165626 292.5 145 -45 217.0 Drill hole
AGT-21-004C 529113 5165571 308.1 295 10 2.1 Channel
AGT-21-005A 529082 5165560 303.7 56 -8 2.1 Channel
AGT-21-005B 529076 5165552 304.8 30 -5 8.3 Channel
AGT-21-005C 529087 5165551 306.0 336 20 6.7 Channel
AGT-21-005D 529083 5165545 305.9 319 15 1.3 Channel
AGT-21-005E 529082 5165542 310.1 340 0 3.5 Channel
AGT-21-006A 529097 5165545 309.6 322 6 3.5 Channel
AGT-21-006B 529097 5165545 309.6 306 25 3.7 Channel
AGT-21-007A 529281 5165356 312.3 325 10 7.0 Channel
AGT-21-007B 529276 5165367 312.0 3 -22 3.5 Channel
AGT-21-007C 529279 5165369 313.4 358 -20 4.4 Channel
AGT-21-007D 529289 5165373 315.0 20 -25 3.0 Channel
AGT-21-007E 529288 5165369 309.0 8 0 1.8 Channel
AGT-21-011 TBP TBP Channel
AGT-21-007F 529295 5165362 310.3 300 -18 1.7 Channel
RAT-21-001A 526991 5173020 320.9 350 10 3.8 Channel
RAT-21-001B 526990 5173029 321.7 13 -8 2.7 Channel
RAT-21-001C 526981 5173029 323.7 4 -24 5.0 Channel
RAT-21-001D 526981 5173030 321.3 20 30 4.0 Channel

Alkin-Glade

The Alkin-Glade trend is located at the contact between a Nipissing intrusion and sedimentary rocks. The structure hosts two significant zones of mineralization - the historic Alkin Mine and the Glade showings. In the Glade area, Ontario Geological Survey maps and historical exploration identified a broad zone of disruption, alteration, deformation and mineralization that extend over a strike length of 300 m. High-grade gold in quartz veins was reported historically. Old exploration trenches, now overgrown with vegetation are the only evidence of the 1930's and 1940's exploration work done at Glade with gold mineralization still exposed at the Glade East and Glade West showings.

The historical Alkin gold mine is located 2.2 km W-NW of the Glade showings. At the Alkin mine, gold mineralization occurs as a network of quartz veins hosted in the felsic phase of the Nipissing Diabase intrusion that also hosts the Glade showings. Reconnaissance work by the Ontario Geological Survey reported gold assays up to 38.8 g/t gold in grab samples taken from the veins exposed at the Alkin Mine (OFR 5771). The reader is cautioned that grab samples are selective by nature and do not represent the actual grade of the targeted mineralization. In addition, the reader is cautioned that a qualified person has not done sufficient work to validate the accuracy of the historical results. The Company is not treating the historical estimates as current mineral resources.

Diamond drilling under the Glade West Showing in holes AG-21-096 and AG-21-097 revealed a large alteration and mineralization system where shear-hosted quartz veins are surrounded by networks of gold mineralized, multidirectional and variably spaced quartz tension veins concentrated in the Nipissing intrusion at its northern contact with the Bruce conglomerate. Diamond drilling also identified that mineralization extends in the Espanola limestone along the southern contact of the Nipissing diabase hosting the networks of gold-bearing shear zones and quartz veins. Visible gold was observed in many of the quartz veins in both holes AG-21-096 and AG-21-097, and in the channel samples taken at Glade East. Surface work at the Glade East showing confirmed comparable mineralization 225 m east of the Glade West discovery. Visible gold is associated with iron-rich chlorite alteration emplaced and crosscutting the quartz veins. This association between gold and iron-rich chlorite observed at the Glade West is similar to the iron-chlorite and gold at the Scadding Deposit. The observed relationship in mineralization could represent a considerable extension of the mineralized system of over 800m.

Jerome Showing
The Jerome showing is located on the Rathbun block of the SPJ property. PGE mineralization is hosted in an intrusion pertaining to the Nipissing sills according to the Ontario Geological Survey maps of the area. PGE mineralization is associated with disseminations of pyrrhotite, chalcopyrite and magnetite in the Nipissing sills. The base metal results for the channel samples taken by MacDonald Mines remain pending.

Qualified   Person
Jean-François Montreuil, P.Geo., Chief Geologist of MacDonald Mines, is the Qualified Person as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects , responsible for preparing, supervising, and approving this news release's scientific and technical content.

On-site Quality Assurance/Quality Control ("QA/QC") Measures

Drill core samples were transported in security sealed bags for analysis to Actlabs in Ancaster, Ontario. Individual samples are labelled, placed in plastic sample bags and sealed. Groups of samples are then placed into durable rice bags and then shipped. The samples transported to Actlabs were dropped in rice bags with security seals by Manitoulin Transport. The remaining coarse reject portions of the samples remain in storage if further work or verification is needed.

MacDonald Mines has implemented a quality-control program to comply with best practices in the sampling and analysis of drill core. As part of its QA/QC program, the Company inserts external gold standards (low to high grade) and blanks every 20 samples in addition to random standards, blanks, and duplicates. All samples over 10 g/t gold or the samples with abundant visible gold are analyzed using a 1-kilogram metallic screen. Check assays are routinely performed for samples with visible gold to ascertain the gold content of the mineralization zone.

COVID-19 Precautions
MacDonald Mines has developed and implemented precautions and procedures that are compliant with Ontario's health guidelines. Strict protocols are in place to ensure the safety of all staff, thereby reducing the potential for community contact and spreading of the virus.

About MacDonald Mines Exploration Ltd.
MacDonald Mines Exploration Ltd. is a mineral exploration company headquartered in Toronto, Ontario that trades on the TSX Venture Exchange under the symbol "BMK".

The Company is focused on developing its 100%-owned SPJ Project in Northern Ontario. Following up on its successful 2019/20 exploration and drilling campaigns, MacDonald Mines is focused on what it theorizes to be a large gold system at work on the 18,340 ha property with high-grade gold surrounding the past-producing Scadding Gold Mine and gold/polymetallic mineralization over several kilometres around it.

To learn more about MacDonald Mines, please visit www.macdonaldmines.com

For more information, please contact:

Stuart Adair, CEO , sadair@macdonaldmines.com
Fiona Fitzmaurice, CFO, ffitzmaurice@macdonaldmines.com

This News Release contains forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as "may", "should", "expects", "plans", "anticipates", "believes", "estimates", "predicts", "potential" or "continue" or the negative of these terms or other comparable terminology. These statements are only predictions and involve known and unknown risks, uncertainties and other factors that may cause   our   or   our   industry's   actual   results,   levels   of   activity,   performance   or   achievements   to   be   materially   different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking   statements.

Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release. The Company disclaims any intention or obligation to update or revise   any   forward-looking   information,   whether   as   a   result   of   new   information,   future   events   or   otherwise,   other than as required by   law.


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B2Gold Releases its Ninth Annual Responsible Mining Report and its Fourth Annual Climate Strategy Report

B2Gold Releases its Ninth Annual Responsible Mining Report and its Fourth Annual Climate Strategy Report

B2Gold Corp. (TSX: BTO) (NYSE AMERICAN: BTG) (NSX: B2G) ("B2Gold" or the "Company") is pleased to announce that it has published its ninth annual Responsible Mining Report entitled "Raising the Bar" (the "Report"), which details B2Gold's global economic contributions and its environmental, social, and governance ("ESG") management practices, together with the Company's performance against key indicators in 2024. Highlights of the Report are presented below, and full details are outlined in the Report, which is available to view or download at the link provided below. All dollar figures are in United States dollars unless otherwise indicated.

B2Gold is also pleased to announce that it has published its 2024 Climate Strategy Update. The Climate Strategy Update presents stakeholders with information on how B2Gold manages its climate-related risks and impacts and is the Company's fourth annual report in line with the recommendations of the Task Force on Climate-related Financial Disclosures.

To view or download a copy of the Responsible Mining Report and Climate Strategy Update, and all other documents referred to in this press release, please visit www.b2gold.com/sustainability/esg-reporting-portal

In announcing the release of the Report and the Climate Strategy Update, Clive Johnson, President & CEO of B2Gold, states "As I reflect on the achievements and challenges of the past year, I am particularly proud of the dedication of our people, who continue to drive B2Gold forward. We have successfully navigated dynamic capital markets, regulatory changes, and evolving ESG expectations while maintaining our high standards of responsible mining. Together, we strive to continue to create long-term value for all of our stakeholders, while upholding the level of operational excellence, environmental stewardship, and social responsibility that define B2Gold."

Highlights from the 2024 "Raising the Bar" Responsible Mining Report

Economic Contribution

As a responsible gold miner, B2Gold aims to create and distribute economic value among its stakeholders. B2Gold's economic performance is measured by the economic value that it generates for others, including payments to governments through taxes and royalties, local hiring and procurement and investment in communities. In 2024, B2Gold:

  • Achieved total consolidated gold production of 804,778 ounces (including 19,644 ounces of attributable production from Calibre Mining Corp.);

  • Generated $1.9 billion in annual revenue;

  • Paid $283 million in employee wages and benefits;

  • Invested $12.8 million in its local communities 1 ; and

  • Paid $564 million to governments (through taxes and royalties).

B2Gold is committed to maximizing local and national economic benefits from its contracting and purchasing. The Company is conscious of the high priority that host communities and governments place on local procurement. In sourcing the goods and services necessary to run its operations, B2Gold gives preference to local businesses where possible, provided they meet minimum safety, quality, ethical, and cost requirements. In 2024, over $600 million of goods and services were procured from local and host-country businesses. Several 2024 success stories are outlined in the Report.

People

As a reputable corporate citizen, B2Gold generates national employment and opportunities for people to develop their careers, trains employees to acquire new skills, and opens doors to women, under-represented groups and previously disadvantaged people. The Company fosters positive and productive engagement with employees, provides safe workplaces, and believes that investing in people attracts and retains talented individuals and assists in their abilities to provide for themselves, their families and their futures.

At the end of 2024, B2Gold employed 6,478 2 people across all operations. The Company continues to maintain high local employment rates by targeting recruitment efforts at regional and national levels. Across all operations, 97% of the total workforce, and 58% of Senior Management 3 were comprised of national 4 employees.

B2Gold values a diverse workforce. In recent years, the Company has made significant strides in advancing its Equity, Diversity and Inclusion initiatives. In 2021, the adoption of a Diversity Policy by the Company's Board established a target of 30% female representation on the Board and in management-level positions, underscoring its commitment to promoting and achieving gender diversity at all levels of the organization. B2Gold is pleased to report that as of the end of 2024, 40% of Company directors identify as gender diverse.

Health and Safety

As a result of B2Gold's focus on injury prevention, the Company is once again pleased to report that for the ninth consecutive year, it has maintained a zero-fatality workplace. Additionally, B2Gold's injury rates remain amongst the lowest in the mining industry, with a Lost Time Injury Frequency Rate of 0.05 5 in 2024. These achievements underscore the Company's position as a leader in safety performance within the industry.

Communities

B2Gold maintains its social licence to operate by building trust-based relationships, actively engaging with stakeholders, and implementing community investment activities based on local ownership and development priorities. Highlights of the 2024 community investment programs include:

  • At the Fekola Complex, the 70-hectare Goungoubato Agricultural Project is supporting over 250 households affected by resettlement, directly addressing food insecurity whilst fostering small- and medium-sized enterprise growth through newly formed farmers' associations. Additionally, B2Gold continued its partnership with Global Affairs Canada and its support of the FEMA Project, which aims to improve conditions for women and children living in artisanal mining communities within the Fekola Mine's area of influence. The FEMA Project was initiated in March 2022 and will continue until 2027.

  • At the Masbate Gold Project, investment continued to focus on education, access to health services and facilities, and programs that enhance local economic opportunities, including skills training and small enterprise support. The Training for Employment Program reached its fifth year of partnership in 2024 and remains a powerful driver of economic mobility by equipping individuals with the skills and training needed to build sustainable livelihoods. Over the lifetime of the project, 1,521 individuals have received training and over 600 participants have secured employment.

  • At the Otjikoto Mine, B2Gold Namibia achieved significant milestones that reflect the Company's commitment to meeting critical needs, supporting long-term development, and fostering resilience beyond the life of the mine. Notable achievements include the completion of the Ombili Clinic, which will improve access to healthcare in the region, and the Otavi Water Project, which enhances water security through the construction of a tower and water distribution system.

  • At the Back River Gold District, B2Gold Nunavut continues to strengthen its close relationships with the Kitikmeot Inuit Association and communities across Canada's Arctic. The Company is investing in collaborative projects throughout the Kitikmeot region that promote community wellness, support youth through sports, recreation, and education, and advance initiatives focused on women and Elders. A standout initiative is the Inuit Workplace Experience Program, delivered in partnership with the Redfish Arts Society, which provides Kitikmeot Inuit youth with hands-on training in welding and fabrication—equipping them with valuable skills for employment in Nunavut's growing mineral development sector. B2Gold Nunavut remains committed to working alongside the Kitikmeot Inuit Association to advance further initiatives that ensure the benefits of the Back River Gold District reach the communities of Cambridge Bay, Kugluktuk, Gjoa Haven, Taloyoak, and Kugaaruk.

Environment

B2Gold's remains firmly committed to reducing greenhouse gas ("GHG") emissions, with a target to reduce Scope 1 and 2 emissions by 30% by 2030 against a 2021 baseline. The completion of the Fekola solar plant expansion in early 2025 underscores this commitment by advancing the decarbonization of operations through innovative and sustainable energy solutions. The expanded Fekola facility is expected to supply approximately 30% of the site's electricity demand and reduce annual emissions by an estimated 63,000 tonnes of carbon dioxide equivalent (CO 2 e).

Approach to Reporting

B2Gold is committed to the transparency of its sustainability risks, management and performance. The Report is aligned with the Global Reporting Initiative Sustainability Reporting Standards and the Sustainability Accounting Standards Board Mining and Metals Sustainability Accounting Standard . The Company firmly believes that the mining industry has an opportunity to contribute positively to the United Nations Sustainable Development Goals and it has reported its contribution in this regard since 2018.

Highlights from the 2024 Climate Strategy Update

2024 Highlights

  • B2Gold is committed to a GHG emissions reduction target of a 30% reduction in Scope 1 and 2 emissions by 2030 against a 2021 baseline.

  • The Company continued evaluation of financial impacts of key climate risks identified at sites during previous climate scenario analysis workshops.

  • The total Scope 1 and 2 GHG emissions (for the Fekola, Masbate and Otjikoto operations) remained relatively stable in 2024, with a slight decrease to an estimated 699 thousand tonnes CO 2 e compared to 701 thousand tonnes in 2023. The Company's consolidated GHG emissions intensity was 0.89 tonnes CO 2 e per gold ounce produced in 2024 (compared with 0.71 in 2023), a modest increase driven in part by a reduction in total gold production.

  • The proportion of electricity consumed at B2Gold operations from renewable sources was 21.7% in 2024. At Otjikoto, the proportion of electricity consumed from renewable sources was over 70%.

Looking Forward – 2025 and Beyond

In 2025, B2Gold looks forward to strengthening its global partnerships and deepening its commitment to the diverse communities in which it operates. The Company will continue investing in initiatives that expand vocational training and promote job creation, improve access to education, and enhance healthcare services. B2Gold believes that by building local capacity and fostering strong alignment among governments, communities, stakeholders, and the Company, it can help create resilient, healthy, and prosperous communities throughout the mining lifecycle.

As part of its climate strategy, B2Gold will continue to advance renewable energy initiatives across its operations, supporting its target to reduce Scope 1 and 2 GHG emissions by 30% by 2030 against a 2021 baseline. At the Masbate Gold Project, an 8.2-megawatt ("MW") solar plant is scheduled for installation in 2025, which will further reduce emissions and heavy fuel oil ("HFO") consumption. In Nunavut, following regulatory approvals received in 2024, B2Gold is finalizing project plans and environmental commitments for the proposed Back River Energy Centre—a renewable energy facility that could include up to thirteen wind turbines, solar panels, and battery storage, with the potential to deliver more than 55 MW of clean energy. This facility is expected to significantly reduce reliance on HFO, as well as the number of fuel barges and fuel truck trips along the winter ice road.

Beyond increasing the share of renewable energy in its operations, B2Gold is actively assessing a range of additional carbon reduction opportunities, including energy efficiency improvements, the use of alternative fuels, and optimization of materials movement. The Company remains committed to innovation by working closely with industry-leading partners and staying prepared to adopt emerging technologies that align with its decarbonization goals.

About B2Gold

B2Gold is a responsible international senior gold producer headquartered in Vancouver, Canada. Founded in 2007, today, B2Gold has operating gold mines in Mali, Namibia and the Philippines, the Goose Project under construction in northern Canada and numerous development and exploration projects in various countries including Mali, Colombia and Finland.

ON BEHALF OF B2Gold Corp.

"Clive T. Johnson"
President and Chief Executive Officer

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