Mr. Javier Reyes reports

GOLDGROUP ANNOUNCES LEADERSHIP TRANSITION AS COMPANY ADVANCES NEXT PHASE OF GROWTH

Goldgroup Mining Inc. has made a leadership transition as the company continues integrating its recently completed merger and continues its strategy of building a leading intermediate precious metals producer.

Effective immediately, Javier Reyes, chair of the board of directors, has been appointed interim chief executive officer while the board commences a comprehensive search for a permanent chief executive officer. Mr. Reyes will continue to work closely with the company's experienced executive and operational leadership team to execute Goldgroup's strategic priorities.

Allen Palmiere will transition from his role as president and chief executive officer, and is expected to remain in an advisory capacity to support an orderly leadership transition.

"On behalf of the board of directors, I want to sincerely thank Allen for his leadership, dedication and significant contributions to both Gold Resource Corp. and the successful combination with Goldgroup," said Javier Reyes, chair and interim chief executive officer. "His efforts have helped establish a strong platform from which we can continue building the company's future, and we appreciate his ongoing support during this transition."

Mr. Reyes continued: "Goldgroup enters this next chapter from a position of strength. We have a diversified portfolio of producing operations and development assets, an active exploration pipeline, an experienced technical and operating team, and the financial resources necessary to execute our business plan. Our priorities remain clear: safely optimize our operations, expand our resource base, advance our development projects and create sustainable long-term value for our shareholders."

The company remains focused on successfully integrating its assets while advancing multiple value-creation initiatives across its portfolio, including optimizing operations at the Don David mine, continued resource expansion and exploration drilling, advancement of the San Francisco restart strategy, growth opportunities at Cerro Prieto, and continued progress on the Back Forty project.

The company's strategic direction remains unchanged and the strength of its assets, technical expertise and disciplined capital allocation provide a solid foundation for future growth.

About Goldgroup Mining Inc.

Goldgroup is a Canadian-based precious metals company focused on building a premier intermediate gold and silver producer through disciplined operations, organic growth and strategic acquisitions. The company owns producing mines and development-stage assets in Mexico together with the Back Forty project in Michigan, providing multiple opportunities for resource growth, production expansion and long-term value creation.

The company's portfolio includes the producing Don David gold mine in Oaxaca, the Cerro Prieto gold mine and the San Francisco project in Sonora, Mexico, together with the Back Forty project in Michigan.

Goldgroup is led by an experienced team with extensive expertise in mine development, operations, exploration and corporate finance throughout the Americas.

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