Mr. Ralph Shearing reports

GOLDGROUP ANNOUNCES EFFECTIVE DATE OF SHARE CONSOLIDATION

Goldgroup Mining Inc. has set the effective date of the previously announced consolidation of Goldgroup's issued and outstanding common shares without par value, which will be on Friday, July 10, 2026. As disclosed in its news release on July 3, 2026, the ratio of the consolidation will be one postconsolidation Goldgroup share for every four preconsolidation Goldgroup shares.

The postconsolidation Goldgroup shares will continue trading under the symbol GGA on the TSX Venture Exchange, under the symbol GGAZF on the OTC and under the symbol 55G0 on the Frankfurt Stock Exchange. The new Cusip number and new ISIN of the Goldgroup shares will be 38141A 60 2 and CA 38141A 60 2 5, respectively.

The company will not issue any fractional Goldgroup shares as a result of the consolidation. Instead, all fractional Goldgroup shares equal to or greater than one-half resulting from the consolidation will be rounded to the next whole number, otherwise, the fractional Goldgroup Share will be cancelled.

About Goldgroup Mining Inc.

Goldgroup is a Canadian-based mining company with two high-growth gold assets in Mexico. The company holds a 100-per-cent interest in the recently acquired San Francisco project located in the state of Sonora. The project is fully permitted for a rapid restart of mining operations and comprises two open pits together with heap leach processing facilities and associated infrastructure. It is a robust project with significant gold resources and strong upside in terms of optimized development and multiple, large-scale exploration targets.

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.

Goldgroup recently announced shareholder approval of a proposed business combination with Gold Resource Corp., 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. 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.

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.