Mr. Brad Langille reports

GOGOLD RELEASES FINANCIAL RESULTS FOR Q2 2025 INCLUDING $17.6 MILLION REVENUE AT PARRAL

GoGold Resources Inc. has released its financial results for the quarter ending March 31, 2025, with Parral generating revenue of $17.6-million (all amounts are in U.S. dollars) from the sale of 555,511 silver equivalent ounces.

"Parral continued to generate significant cash flow for the company during the quarter, providing operating cash flow of $5-million, which is exceeding our spending at Los Ricos and corporate costs, and increased our cash balance by $2-million at quarter-end," said Brad Langille, president and chief executive officer. "With our bought deal financing completed in April, this gives us an approximately $135-million cash balance today, putting us in a very strong financial position to execute on Los Ricos South."

Highlights for the quarter ending March 31, 2025:

• Cash of $78.3-million, an increase of $2.0-million during the quarter;
• Cash flow from operations of $5.1-million;
• Revenue of $17.6-million on the sale of 555,511 silver equivalent ounces at an average realized price per ounce of $31.70;
• Production of 555,479 silver equivalent ounces, consisting of 210,289 silver ounces, 3,279 gold ounces, 155 copper tonnes and 160 zinc tonnes;
• Cash cost per silver equivalent ounce of $17.85;
• All-in sustaining cost per silver equivalent ounce of $22.98.

This news release should be read in conjunction with the interim condensed consolidated financial statements for the quarter ended March 31, 2025, notes to the financial statements, and management's discussion and analysis for the quarter ended March 31, 2025, which have been filed on SEDAR+ and are available on the company's website.

Technical information contained in this news release with respect to GoGold has been reviewed and approved by Bob Harris, PEng, who is a qualified person for the purposes of National Instrument 43-101.

About GoGold Resources Inc.

GoGold Resources is a Canadian-based silver and gold producer focused on operating, developing, exploring and acquiring high-quality projects in Mexico. The company operates the Parral tailings mine in the state of Chihuahua, and has the Los Ricos South and Los Ricos North exploration and development projects in the state of Jalisco. Headquartered in Halifax, N.S., GoGold is building a portfolio of low-cost, high-margin projects.

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