Mr. Ralph Shearing reports

GOLDGROUP ANNOUNCES REVISED TERMS OF NON-BROKERED PRIVATE PLACEMENT

Goldgroup Mining Inc., further to its news releases dated Aug. 21, 2025, and Aug. 22, 2025, has revised the terms of its previously announced non-brokered private placement of common shares. The private placement will now consist of up to 4,848,485 units of the company at a price of 82.5 cents per unit for aggregate gross proceeds of up to $4-million, as opposed to the five million units at a price of 80 cents previously disclosed. Each unit will consist of one common share and one common share purchase warrant, with each warrant being exercisable to purchase one additional common share at a price of $1.05 for 24 months from the date of issuance.

The company intends to pay finders' fees to eligible finders, in accordance with applicable securities laws and the policies of the TSX Venture Exchange. The private placement is subject to approval of the TSX-V, and all securities issued under the private placement will be subject to statutory hold periods expiring four months and one day from the date of closing of the private placement.

As previously disclosed, Goldgroup Mining is strategically positioning itself for growth organically through its continuing optimization program at its Cerro Prieto mine, as well as through targeted acquisitions in the mining sector. The net proceeds from this private placement will be primarily dedicated to the diligent assessment and strategic pursuit of acquisition opportunities. With a focus on enhancing shareholder value, the company aims to leverage these funds to acquire promising mining assets, potentially including operating mines or strategic stakes in other mining companies. The company cautions that it has been searching for and conducting due diligence on mineral projects that management believes would enhance the company's portfolio of existing projects for some time, but to date has not proceeded past the due diligence stage. Accordingly, the company warns that there is no assurance that a suitable project will be identified, satisfactory due diligence conducted and any acquisition transaction completed. Further, investors should be aware that completing a transaction in most circumstances can take many months.

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.

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