Mr. Brad Langille reports

GOGOLD ADVANCES LOS RICOS SOUTH CONSTRUCTION

GoGold Resources Inc. has provided an update on construction at its Los Ricos South project in Jalisco, Mexico, following the commencement announced on Aug. 25, 2026. The project is progressing on schedule, and the company reiterates first silver pour in the second quarter of 2028.

"Construction at Los Ricos South is moving ahead at full steam. Site clearing is well advanced, with more than 150 contractors on site and all long-lead equipment orders have been placed," said Brad Langille, president and chief executive officer. "With $284-million (U.S.) in cash in addition to cash flow from Parral, the project is fully funded with no debt or additional equity required. Based on our internal estimates using $60/oz silver and $4,200/oz gold, we see our maximum cash outlay in Q3 2027 and maintain cash reserves at a minimum of $130-million (U.S.) throughout the build. We are progressing on schedule and remain focused on delivering first silver pour in Q2 2028."

Los Ricos South construction highlights:

• Active site works -- site clearing and earthworks advancing at the process plant site with more than 150 contractors on site;
• All long-lead orders placed -- all long-lead equipment orders have been placed, with procurement continuing on schedule. The long-lead orders include the SAG mill, tailings filter, crusher, electrical switchgear, Merrill-Crowe plant, conveyors, slurry pumps, hydrocyclones, feeders and screens;
• Plant design -- the design by M3 and DENM Engineering is at 90 per cent complete;
• Underground mining contractor selected -- Cominvi planned to mobilize to site in Q4 2026;
• Schedule maintained -- Construction and procurement remain on schedule, with first silver pour reiterated for Q2 2028.

To date, the company has spent $15-million (U.S.) on the project. Following are the key schedule milestones:

Los Ricos South key schedule milestones:

• Earthworks commenced -- August, 2026;
• Underground mine plan optimization commenced -- August, 2026;
• Start of powerline installation -- November, 2026;
• Concrete foundation pouring -- January, 2027;
• Portal development/ramp blasting -- January, 2027;
• Paste plant construction begins -- January, 2027;
• Hill-slope stabilization/mining -- Main/Abra zone -- March, 2027;
• SAG mill delivery to site -- May, 2027;
• Plant commissioning begins -- January, 2028.

Technical information contained in this news release with respect to GoGold has been reviewed and approved by Bob Harris, PEng, who is a non-independent 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 project, which is in development with a construction decision approved by the board, and Los Ricos North exploration and development project, both 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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