Mr. Ralph Shearing reports

GOLDGROUP ANNOUNCES SHAREHOLDER APPROVAL OF ARRANGEMENT WITH GOLD RESOURCE CORPORATION AND RESULTS OF ANNUAL GENERAL AND SPECIAL MEETING

Goldgroup Mining Inc. has received approval by shareholders of the company of the arrangement (as defined below) with Gold Resource Corp. and other matters at the company's annual general and special meeting of shareholders, held on Thursday, July 2, 2026.

A total of 280,061,700 common shares were voted at the meeting, representing 92.88 per cent of the votes attached to all outstanding common shares as of the record date of May 29, 2026, with over 99.99 per cent of the votes cast at the meeting in favour of all motions presented to shareholders as outlined below.

All matters presented at the meeting and set out in the company's management information circular dated May 29, 2026, were approved, including: (i) the plan of arrangement and merger under Division 5 of Part 9 of the Business Corporations Act (British Columbia) involving the company, the company's wholly owned subsidiary, Goldgroup Merger Sub Inc., and Gold Resource; (ii) the adoption of new articles for the company; (iii) the company's omnibus equity incentive plan; (iv) the appointment of Davidson & Company LLP as the auditor of the company and to authorize the directors to fix the auditor's remuneration; and (v) the election of the company's directors, all as more particularly set out in the information circular.

The company is also pleased to report that Gold Resource announced at its special meeting of shareholders held today that the arrangement was approved by a majority of Gold Resource's shareholders.

Subject to obtaining all required approvals and the satisfaction or waiver of all required closing conditions, the arrangement is expected to close on or about July 17, 2026.

A copy of the new articles has been filed under the company's SEDAR+ profile. Additional information concerning the arrangement is available in the information circular and the company's news releases dated May 15, 2026, and Jan. 26, 2026.

About Goldgroup Mining Inc.

Goldgroup is a Canadian-based mining company with two high-growth gold assets in Mexico. In addition to the San Francisco gold project, the company has a 100-per-cent interest in the producing Cerro Prieto heap leach gold mine, located in the state of Sonora. The company recently announced a proposed business combination with Gold Resource, which holds a 100-per-cent interest in the producing Don David gold mine in Oaxaca, Mexico, as well as the Back Forty gold/silver development project in Michigan, U.S.

Goldgroup is led by a team of highly successful and seasoned individuals with extensive expertise in mine development, corporate finance and exploration in Mexico.

We seek Safe Harbor.