11:12:30 EST Wed 14 Nov 2018
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Goldgroup Mining Inc
Symbol C : GGA
Shares Issued 185,136,689
Close 2018-07-12 C$ 0.06
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Goldgroup Mining shareholders approve AGM resolutions

2018-07-12 19:23 ET - News Release

Mr. Keith Piggott reports

GOLDGROUP ANNOUNCES THE RESULTS OF ITS ANNUAL GENERAL AND SPECIAL MEETING OF SHAREHOLDERS

Goldgroup Mining Inc. held its annual general and special meeting of shareholders in Vancouver, B.C., on July 11, 2018.

At the meeting, all director nominees listed in the company's management information circular dated June 6, 2018, were elected as directors of the company.

Common shares represented at the meeting:  51,828,618

Total issued and outstanding common shares as at record date:  185,136,689

Percentage of issued and outstanding common shares represented:  27.99 per cent

Matters voted upon                                                           Voting results

Number of directors                                     Votes in favour       Votes against

The fixation of the number of directors at five      21,210,236 (99.76%)      51,832 (0.24%)

(The number of directors was fixed at five.)

Election of directors                                   Votes in favour       Votes against

The election of the following nominees as 
directors of the company for the ensuing year or 
until their successors are appointed

Keith Piggott                                        21,088,520 (99.18%)     173,548 (0.82%)
Corry J. Silbernagel                                 21,075,020 (99.12%)     187,048 (0.88%)
Javier Reyes                                         21,074,920 (99.12%)     187,148 (0.88%)
Javier Montano                                       21,086,420 (99.17%)     175,648 (0.83%)
Harry Burgess                                        21,085,020 (99.17%)     177,048 (0.83%)

(Each of the five nominees proposed by management 
was elected as a director of the company.)         

Appointment of auditor                                  Votes in favour      Votes withheld

The appointment of Davidson & Company LLP, 
chartered accountants, as the auditor of the 
company and the authorization of the 
directors to set its remuneration                    51,250,287 (98.88%)     578,331 (1.12%)

(Davidson & Company LLP was reappointed as the 
auditor of the company, and the directors 
were authorized to set its remuneration.)

Stock option plan                                       Votes in favour       Votes against

The approval of the company's 2018 stock option 
plan as more fully described under the section
regarding particular matters to be acted upon in 
the company's management information circular        19,694,934 (92.63%)   1,567,134 (7.37%)

(The shareholders approved the company's new 
2018 stock option plan.)

Ratification of granted options                         Votes in favour       Votes against

The approval, with or without variation, 
ratifying the 2.74 million stock options 
granted by the company on Jan. 23, 2018, as 
more fully described under section regarding
particular matters to be acted upon in the 
company's management information circular            3,378,188* (69.87%)  1,457,051 (30.13%)

(The shareholders approved, with or without 
variation, the 2.74 million stock options 
granted by the company on Jan. 23, 2018.)                                          
   
* Excluding 16,426,829 shares held by insiders.

The formal report on voting results with respect to all matters voted upon at the meeting has been filed on SEDAR.

About Goldgroup Mining Inc.

Goldgroup is a Canadian-based gold production, development and exploration company with a significant upside in a portfolio of projects in Mexico and Ecuador, including a 50-per-cent interest in DynaResource de Mexico S.A. de C.V., which owns 100 per cent of the high-grade gold exploration project, San Jose de Gracia, located in the state of Sinaloa. The company operates its 100-per-cent-owned Cerro Prieto heap leach gold mine, located in the state of Sonora, Mexico, and is continuing the environmental assessment and permitting processes to advance to production the El Mozo property in Ecuador.

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