An anonymous director reports

GOLDGROUP ISSUES CLARIFYING PRESS RELEASE

As a result of a review by the B.C. Securities Commission of Goldgroup Mining Inc.'s annual information form for the year ended Dec. 31, 2022, the company is issuing the following news release to clarify and retract certain disclosures with respect to the company's Cerro Prieto project and San Jose de Gracia project.

The company would like to clarify that the mining key performance indicators (KPIs) in the company's management's discussion and analysis for the period ended Sept. 30, 2022, the year ended Dec. 31, 2022, and the period ended March 31, 2023, under the heading financial and operational highlights, have not been reviewed by the company's qualified person as stated and should not be relied upon. The company is in the process of reviewing its internal procedures regarding qualified person requirements to ensure all future required disclosure is appropriately reviewed by a qualified person.

In addition, the disclosure in the 2022 AIF has triggered the requirement to file a technical report for the projects under Section 4.2(1)(f) of National Instrument 43-101, and the company would like to state that information in the 2022 AIF is not supported by a compliant NI 43-101 technical report, contrary to NI 43-101, and that the information should not be relied on until it has been verified and supported by a technical report.

About Goldgroup Mining Inc.

Goldgroup is a Canadian-based gold production, development and exploration company with projects in Mexico, including an interest in DynaResource de Mexico SA de CV, which owns 100 per cent of the high-grade gold exploration project, San Jose de Gracia, located in the state of Sinaloa, and the company's 100-per-cent-owned Cerro Prieto heap leach gold mine, in the state of Sonora, Mexico.

Goldgroup is led by a team of highly successful and seasoned individuals with extensive expertise in mine development, corporate finance and exploration in Mexico. Goldgroup's mission is to increase gold production, mineral resources, profitability and cash flow, with a view to building a leading gold producer.

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