Mr. Alastair Still reports

GOLDMINING RELEASES INAUGURAL SUSTAINABILITY REPORT

Goldmining Inc. has published its inaugural sustainability report. This report presents the company's approach and performance on sustainability initiatives and outlines sustainability strategy and goals for the future.

2022 sustainability report highlights:

• The company's strong record in health and safety is exemplified by its achievement of zero medical aid injuries, lost-time injuries or fatalities.
• The company provided 250 hours of health, safety and emergency response training to its employees.
• Goldmining's focus on recycling water used at active exploration sites achieved a recycling rate of 99 per cent.
• Goldmining achieved 100-per-cent reclamation of land affected by active drill campaigns and the planting of 500 local species trees at its Sao Jorge project in Brazil.
• The company's commitment to local stakeholders with 100 per cent of site staff hired in-country, including 68 per cent from surrounding communities.
• The company's long-standing focus on diversity and inclusion with 43 per cent of executives and senior management being female and 50 per cent ethnically diverse representation on the company's board of directors.

Alastair Still, chief executive officer, Goldmining, states: "Sustainability, specifically acting as a steward to the environment and our communities, is a core principle to the way we do business and has been foundational to our strategy as we have accelerated the exploration and advancement of several of our key properties, positioning us for exceptional growth. In concert with advancement of our portfolio of gold and gold-copper assets in the Americas, I am exceptionally proud to publish our inaugural sustainability report. This report allows us to demonstrate our ongoing commitment to the environment, our people, our communities and our high standard for corporate governance. Further, it allows us to share with our stakeholders our sustainability goals for the future."

The sustainability report is guided by the company's materiality assessment to better understand the sustainability-related topics relevant to its business and presents sustainability goals that are aligned with the United Nations' Sustainable Development Goals. That is, Goldmining is dedicated to ensuring responsible exploration practices, which minimize harm to the environment, and create shared value for the local communities in which it operates.

The full sustainability report is available on the company's website. For questions about the sustainability report, please contact info@Goldmining.com.

About Goldmining Inc.

The company is a public mineral exploration company focused on the acquisition and development of gold assets in the Americas. Through its disciplined acquisition strategy, the company now controls a diversified portfolio of resource-stage gold and gold-copper projects in Canada, the United States, Brazil, Colombia and Peru. The company also owns more than 21 million shares of Gold Royalty Corp., 9.8 million shares of U.S. Goldmining Inc. and 16.6 million shares of NevGold Corp.

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