Mr. Terence Coughlan reports

GOGOLD RECEIVES ENVIRONMENTAL PERMIT FOR SANTA GERTRUDIS GOLD MINE

GoGold Resources Inc. has received the environmental permit allowing development of the Santa Gertrudis gold mine from the Mexican Department of Environment (Semarnat). Construction is expected to commence immediately following the completion of final engineering of the heap-leach pad, the processing plant design and receipt of the change-of-land-use permit. The permit includes acceptance of the environmental impact assessment for its Santa Gertrudis gold mine in Sonora state, Mexico.

Terry Coughlan, president and chief executive officer of GoGold, stated: "This is a significant milestone for GoGold in the development of its second mine in Mexico; final design and engineering are now under way to secure the change-of-land-use permit. It is anticipated that the construction phase will take approximately six months. We look forward to building a high-quality gold mine that should deliver significant economic benefit to our shareholders."

Santa Gertrudis has an indicated resource of 810,000 ounces of gold and an inferred resource of 255,000 ounces. A preliminary economic assessment (see press release dated Sept. 10, 2014) was completed with an after-tax internal rate of return of 58 per cent, using a gold price assumption of $1,250 (U.S.) per ounce. All-in sustaining cash cost per ounce of gold was calculated to be $699 for the life of mine. The study projects an initial capital cost of only $32-million (U.S.) (including a 20-per-cent contingency) and an LOM of 12 years, with an average annual production of 56,000 ounces of gold. The mine production is planned at 7,500 tonnes per day on a conventional heap leach, with a sustaining capital of only $16-million over the LOM. The preliminary economic assessment study was prepared by P&E Mining Consultants Inc. in accordance with the requirements of Canadian National Instrument 43-101 Standards of Disclosure for Mineral Projects and was filed on SEDAR on Sept. 30, 2014.

David Duncan, PGeo, is the qualified person as defined by National Instrument 43-101 who is responsible for the geological information of this release.

We seek Safe Harbor.