Mr. Ralph Shearing reports

GOLDGROUP ADVANCES SAN FRANCISCO RESTART PLAN WITH ENGAGEMENT OF LEADING MINING CONTRACTOR INPROMINE

Goldgroup Mining Inc. has engaged Inpromine, a leading mining construction company based out of Sonora, Mexico, to service all crushing and conveying equipment and the ADR plants at the San Francisco project in preparation for restarting gold production. The $850,000 (U.S.) contract is expected to take approximately 16 weeks to complete.

The 100-per-cent-owned San Francisco project is fully permitted for a rapid restart of mining operations and is comprised of two open pits together with heap leach processing facilities and associated infrastructure. It is a robust project with significant gold resources and strong upside in terms of optimized development and multiple, large-scale exploration targets.

Ralph Shearing, chief executive officer of Goldgroup, commented: "Inpromine is one of the best Mexican mining construction companies in the business and we are pleased to have them support our production restart program at the San Francisco project. They will review, service, test and commission all crushing and conveying equipment as well as the ADR plants to bring all equipment back to prime operating status. All the key restart preparations are now well underway, including the recently announced 24,000 m technical drilling program designed to optimize the mine plan and resource model. The company is targeting the end of the year or early 2027 for a restart of gold production."

Together with the company's producing Cerro Prieto heap leach gold mine in Sonora, the San Francisco project is expected to position Goldgroup on a fast-track growth path. In addition, the company is advancing the proposed business combination with Gold Resource Corporation which holds a 100% interest in the producing Don David gold mine in Oaxaca, Mexico as well as the Back Forty gold/silver development project in Michigan, USA. Successful execution of this transaction could be potentially transformative to the company.

About Goldgroup Mining Inc.

Goldgroup is a Canadian-based mining Company with two high-growth gold assets in Mexico. In addition to the San Francisco gold project, the company has a 100% interest in the producing Cerro Prieto heap-leach gold mine located in the State of Sonora. The company recently announced a proposed business combination with Gold Resource Corporation which holds a 100% interest in the producing Don David gold mine in Oaxaca, Mexico as well as the Back Forty gold/silver development project in Michigan, USA.

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