An anonymous director reports

GOLDGROUP ANNOUNCES COMPLETION OF CONVERTIBLE DEBT FINANCING AND TSX-V LISTING

Goldgroup Mining Inc. has closed $100,000 (U.S.) of the previously announced convertible debt financing. The convertible debt is unsecured, bears interest at 12 per cent per annum, will be repayable on June 15, 2025, and is convertible into units of the company at 10 cents per unit at a fixed FX (foreign exchange) rate of 76 U.S. cents to $1 at the election of the holder. Each unit will be composed of one common share of the company and one-half of a purchase warrant, with each full purchase warrant exercisable for one common share of the company at an exercise price of 20 cents per warrant, expiring June 15, 2025.

No commissions were paid in connection with placement of the convertible debt, and the proceeds will be used to improve the company's Cerro Prieto heap-leach gold mining operations and for general working capital requirements.

TSX Venture Exchange transition

The company also announces that, further to its previous news releases, the common shares of the company will commence trading on the TSX Venture Exchange, effective at the opening of trading on Tuesday, Feb. 20, 2024, under the same trading symbol GGA. The company will be delisted from trading on the Toronto Stock Exchange at the close of business on Friday, Feb. 16, 2024.

About Goldgroup Mining Inc.

Goldgroup is a Canadian-based mining company that owns and operates the Cerro Prieto heap-leach gold mine located in the state of Sonora, Mexico, and is led by a team of highly successful and seasoned individuals with extensive expertise in mine development, corporate finance and exploration in Mexico.

We seek Safe Harbor.