Mr. Steve Low reports

GOGOLD ANNOUNCES CLOSING OF C$144 MILLION BOUGHT DEAL FINANCING

GoGold Resources Inc. has closed its previously announced bought deal offering of 54,245,500 units at a price of $2.65 per offered unit for aggregate gross proceeds of $143,750,575. This includes proceeds from the full exercise of a 15-per-cent overallotment option to purchase an additional 7,075,500 units. Each unit is composed of one common share of the company and half of one common share purchase warrant. Each warrant shall be exercisable to acquire one common share at a price of $3.50 per warrant share for a period of three years from the closing of the offering.

The net proceeds of the offering will be used for the exploration and development of the company's Los Ricos projects and for general corporate purposes.

BMO Capital Markets was the sole bookrunner for the offering, on behalf of a syndicate of underwriters. The common shares were offered by way of a short form prospectus in all of the provinces of Canada, other than Quebec.

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 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.

We seek Safe Harbor.