Mr. Amir Adnani reports

GOLDMINING RELEASES 2024 SUSTAINABILITY REPORT

Goldmining Inc. has published its third annual sustainability report for fiscal year 2024. The sustainability report presents the company's approach and performance on sustainability initiatives and outlines its sustainability strategy and 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 aims to ensure responsible exploration and development practices that seek to minimize harm to the environment and create shared value for the local communities in which the company operates.

2024 sustainability report highlights:

• 1,368 hours of health, safety and emergency-response training, representing a fivefold increase compared with the company's inaugural reporting on the topic two years ago, underscoring Goldmining's continued focus on protecting employees and contractors;
• Donations to local community organizations helped tackle urgent social challenges, such as food insecurity and shortages in health care supplies, demonstrating Goldmining's deepening support for local communities;
• Enhanced waste, water and air-emission data collection improved the company's environmental monitoring program, elevating its ability to track and manage environmental performance;
• Zero reportable environmental incidents, including no water-related regulatory non-compliances, paired with 79-per-cent total water recirculation (76.5 per cent fresh water) highlighting Goldmining's strong environmental stewardship;
• Full Scope 1 and Scope 2 GHG (greenhouse gas) emissions captured for the first time, establishing a baseline to guide future reduction strategies;
• New supplier sustainability screening and due diligence programs launched to safeguard against human rights risks, such as poor working conditions, informal employment and human trafficking, and to ensure material suppliers meet company policy;
• 100 per cent of staff, including all contractors and temporary workers, were hired from within the country, aligning with Goldmining's strategy to create local employment opportunities;
• Board diversity reached 83 per cent ethnically diverse and 33 per cent female, up from 63 per cent and 25 per cent the prior year, reflecting continued progress in diversity and inclusion.

Alastair Still, chief executive officer, stated: "With the release of what is now our third annual sustainability report, I am extremely pleased to report on the progress that we have made to maintain a commitment to strong sustainability practices, health and safety, and community engagement while remaining disciplined in our growth strategy, focused on growing and adding value to our portfolio of exploration-stage gold assets in the Americas.

"In our fiscal year 2024 sustainability report, we demonstrate that we have strengthened our safety culture through increasing our health and safety training by fivefold compared to when we began reporting, which has contributed to the completion of a safe drill campaign at our Sao Jorge project, with no reportable lost-time incidents.

"Our company improved our environmental monitoring programming, with enhanced data collection related to waste, water and air emissions. In addition, we initiated supplier sustainability screening with the goal to ensure we pro-actively protect against human rights risks and ensure our material suppliers uphold similar commitments, including to environmental management and health and safety. Through this steadfast focus, we are actively and responsibly advancing a diversified portfolio of resource-stage gold and gold-copper projects in Canada, USA, Brazil, Colombia and Peru for the benefit of our stakeholders, right from our local communities through to our shareholders."

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 and strategic investments in Canada, the United States, Brazil, Colombia and Peru. The company also owns approximately 21.5 million shares of Gold Royalty Corp., 9.9 million shares of U.S. Goldmining Inc. and 19.1 million shares of Nevgold Corp.

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