Mr. Steve Low reports

GOGOLD REPORTS PARRAL PRODUCTION OF 392,406 SILVER EQUIVALENT OUNCES

In the quarter ended Dec. 31, 2017, GoGold Resources Inc. produced 261,693 ounces of silver and 1,708 ounces of gold for 392,406 silver equivalent ounces at the Parral project, an 11-per-cent increase from the prior quarter. This past quarter has been the fifth consecutive quarter of production growth as the initiatives put in place in previous quarters continue to gain traction.

Over the past 18 months the company has focused on improving recovery times by making several changes to the process at Parral. Some of these process improvements include:

1. Reduced stacking height to five-metre-high lifts from the 10-metre-high lifts in previous years. This will result in multiple lifts going forward;
2. Improved permeability and stability in the material by adding more cement to the agglomerated material and increased curing time;
3. Finetuned the cyanide strength at various times during the leaching cycle;
4. Increased capacity of the Merrill Crowe.

SART

In addition to the above noted items, during the most recent quarter construction was completed on the SART (sulphidization, acidification, recycling and thickening) plant at Parrall which will reduce cyanide consumption and generate a saleable copper-sulphide product. The plant is being commissioned now and is expected to contribute cost savings and copper production in the current quarter.

On-site lab improvements

During the quarter, the company has improved and expanded its on-site lab to better assay and report production numbers from the site and how they compare with the ultimate sold ounces. In the 2017 GoGold fiscal year, the site reported production number compared with the final ounces sold, was overstated by 3.7 per cent, or 42,000 ounces. With the improvements to the company's lab processes at Parral made this quarter, the variance should equal plus or minus 1 per cent. The company has budgeted $200,000 for further improvement and expansion of its on-site lab in the 2018 fiscal year. This expansion will allow the company to conduct column-leach testing and additional fire-assay tests. This lab expansion better positions the company for project evaluation, including additional tailings deposits.

Robert Harris, PEng, is the qualified person as defined by National Instrument 43-101 and is responsible for the technical information of this release.

About GoGold Resources Inc.

GoGold Resources is a Canadian-based silver and gold producer focused on operating, developing, exploring and acquiring high-quality projects in Mexico. The company's Parral Tailings project is one of the lowest cash cost silver producers in the world. Headquartered in Halifax, N.S., GoGold is building a portfolio of low-cost, high-margin projects.

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