Mr. Eric Sprott, a shareholder, reports

ERIC SPROTT ANNOUNCES ACQUISITION OF COMMON SHARES OF GOLDGROUP MINING INC.

2176423 Ontario Ltd., a corporation beneficially owned by Eric Sprott, acquired 2,552,371 common shares of Goldgroup Mining Inc., pursuant to the closing of the plan of arrangement and merger with Gold Resource Corp. The closing of the arrangement is further described in the news releases of Goldgroup Mining, dated May 15, 2026, July 6, 2026, and July 17, 2026. In connection with the arrangement, shareholders of Gold Resource received 0.3619 shares for each share of Gold Resource's common stock they held, as a result of which, 2176423 Ontario acquired 2,552,371 shares for its 7,052,699 shares of Gold Resource's common stock previously held.

Prior to the arrangement, Mr. Sprott beneficially owned and controlled 7,532,375 shares and 3,963,063 share purchase warrants, representing approximately 10.0 per cent of the outstanding shares on a non-diluted basis and approximately 14.4 per cent of the outstanding shares on a partially diluted basis assuming the exercise of such warrants.

As a result of the arrangement, Mr. Sprott now beneficially owns and controls 10,084,746 shares and 3,963,063 warrants representing approximately 7.5 per cent of the outstanding shares on a non-diluted basis and approximately 10.1 per cent on a partially diluted basis assuming the exercise of such warrants. This represents a decrease in holdings of approximately 4.8 per cent on a partially diluted basis from what was reported in the most recent early warning report.

The shares are held for investment purposes. Mr. Sprott has a long-term view of the investment and may acquire additional securities of Goldgroup Mining including on the open market or through private acquisitions or sell the securities including on the open market or through private dispositions, in the future depending on market conditions, reformulation of plans and/or other relevant factors.

Goldgroup Mining is located at 410-1111 Melville St., Vancouver, B.C., V6E 3V6. A copy of 2176423 Ontario's early warning report will appear on Goldgroup's profile on SEDAR+ and may also be obtained by calling Mr. Sprott's office at 416-945-3294 (2176423 Ontario Ltd., 1106 -- 7 King St. East, Toronto, Ont., M5C 3C5).