Mr. Alastair Still reports

GOLDMINING CONGRATULATES U.S. GOLDMINING ON THE SUCCESSFUL COMPLETION OF THE INITIAL PEA AT ITS WHISTLER GOLD-COPPER PROJECT, ALASKA

Goldmining Inc. has congratulated its majority-owned subsidiary, U.S. Goldmining Inc., on its announcement today of a positive initial economic assessment for its 100-per-cent-owned Whistler gold-copper project, located 105 miles northwest of Anchorage, Alaska.

Further details are available in U.S. Goldmining's news release of today's date, which includes further information regarding the PEA and is available on the U.S. Goldmining website.

Alastair Still, chief executive officer of Goldmining, commented: "Our vision and strategy for the Whistler project began three years ago with the successful IPO [initial public offering] of U.S. Goldmining. Today's announcement of an initial PEA helps validate our belief in the potential of this asset. Goldmining shareholders indirectly hold more than a 74-per-cent interest in U.S. Goldmining. We are excited to see U.S. Goldmining continue to advance exploration activities across the district-scale property and continue to progress the project."

About Goldmining Inc.

Goldmining is a public mineral exploration company focused on acquiring and developing gold assets in the Americas. Through its disciplined acquisition strategy, Goldmining now controls a diversified portfolio of resource-stage gold and gold-copper projects in Canada, the United States, Brazil, Colombia and Peru.

Technical information

The PEA is preliminary in nature and is intended to provide an initial assessment of the project's economic potential and development options of the project. Among other things, the PEA, including its mine schedule, cost estimates and economic assessment, includes numerous assumptions and there can be no certainty that this economic assessment may be realized.

The disclosure herein, including relating to mineral resource estimates, has been prepared in accordance with the requirements of Canadian securities laws, as set forth in National Instrument 43-101.

Qualified person

Tim Smith, PGeo, vice-president, exploration, of the company, has supervised the preparation of this news release and has reviewed the additional scientific and technical information contained herein. Mr. Smith is a qualified person as defined under NI 43-101.

We seek Safe Harbor.