This information is disseminated on behalf of Goldgroup Mining Inc.

Greetings,

Gold has been giving precious-metals investors plenty to watch. 

After reaching extraordinary levels earlier this year, the metal has pulled back and turned more volatile as traders weigh interest-rate expectations, the U.S. dollar and ongoing geopolitical uncertainty. 

But even after the recent pullback, gold remains dramatically higher than it was a year ago, keeping attention firmly on companies that can potentially benefit from a strong gold environment.

And that's where Goldgroup Mining Inc. (NYSE American: GORO; TSXV: GORO) enters the picture…

Because GORO isn't simply a single-mine gold play anymore.

Following its transformational combination with Gold Resource Corporation in July, GORO now has four 100%-owned precious-metals assets across Mexico and the United States — including two producing mines, a formerly producing mine being evaluated for a restart and a major development project.

The biggest change may be the sheer number of ways GORO can potentially create value.

There is current production. There is exploration around producing operations. There is an existing mine in Sonora being advanced toward a potential restart. And there is the large Back Forty development project in Michigan.

That gives GORO exposure to multiple stages of the mining cycle rather than making the company's future dependent on one discovery or one development project.

And importantly, the company isn't starting from scratch.

Don David is already producing. Cerro Prieto is already producing. San Francisco already has significant infrastructure. And Back Forty provides a longer-term development opportunity.

One of the most interesting pieces of the expanded GORO story is Don David in Oaxaca, Mexico.

Don David isn't one isolated deposit. It includes the producing Arista and Alta Gracia underground mines, the El Aguila processing facility and a massive regional exploration package covering approximately 55,119 hectares and stretching roughly 55 kilometers along the San José structural corridor.

And there's plenty of drilling underway!

GORO says its 34,250-meter 2026 drilling program is targeting resource definition, resource expansion and new discoveries across the district.

At Arista, multiple mineralized systems, including Arista, Three Sisters-Gloria and Switchback, remain open in multiple directions. Three Sisters-Gloria has become particularly important as a developing source of mine feed and an exploration target.

That combination is what makes Don David different: the company is producing while simultaneously looking for more mineralization around an established mining and processing complex.

Another major piece of the story is diversification within Don David itself.

Arista is the principal underground operation, producing gold and silver alongside copper, lead and zinc. Meanwhile, Alta Gracia provides a second producing underground mine, with mining focused on the Mirador and Independencia vein systems. Alta Gracia restarted mining in February 2026.

The district also has substantial processing infrastructure already in place.

El Aguila includes a nominal 1,800-ton-per-day flotation circuit and a 300-ton-per-day agitated-leach circuit, along with power, water, tailings and other supporting infrastructure.

GORO has also been upgrading the operation, including refurbishing four Knelson gravity concentrators, adding a third ball mill that increases nominal milling capacity by 200 tonnes per day and installing a third tailings filter press.

Why does this matter? GORO has an operating platform that can potentially be expanded rather than a portfolio consisting entirely of projects waiting years for first production.

Then there is San Francisco in Sonora.

The formerly producing open-pit gold mine already has substantial infrastructure, including open pits, crushing capacity, gold-recovery plants, grid power, wells, haul roads and processing facilities.

GORO is drilling and conducting technical work as it evaluates a potential restart, with the company's current plan targeting a restart decision and potential return to production in 2027.

The April 30, 2026 resource estimate lists approximately 1.23 million ounces of Measured & Indicated gold resources plus 178,400 ounces of Inferred resources.

Those are mineral resources, not reserves, and they don't establish economic viability. But the combination of an existing resource base, previous production and substantial infrastructure gives San Francisco another potentially important catalyst within the broader GORO portfolio.

GORO's story also extends beyond Mexico.

In Michigan's Upper Peninsula, Back Forty represents a large-scale, gold-rich volcanogenic massive sulfide development project with exposure to gold, silver, copper and zinc.

The project is at a much earlier stage than GORO's producing assets, but that is also what makes it a longer-term component of the portfolio.

The company is advancing feasibility and development work while dealing with matters related to existing gold and silver stream agreements and permitting milestones.

So once again, GORO isn't relying on a single catalyst.

Production today. Exploration growth. A potential restart. And a major U.S. development project!

One name that tends to get attention in the precious-metals world is Eric Sprott, and his connection to GORO has become even more notable following the company's transformational merger. 

On July 20, Eric Sprott announced that a company he beneficially owns acquired GORO shares through the Gold Resource transaction, adding to his already significant position in the company. 

But his involvement didn't stop there. Sprott was also among the cornerstone investors in Goldgroup's September financing, alongside other prominent natural-resource investors. The financing was subsequently increased from US$75 million to US$125 million in response to investor demand.

His continued participation gives investors another reason to keep an eye on what Goldgroup does with its expanded portfolio.

With gold still commanding attention after its extraordinary run and GORO working to turn its newly expanded portfolio into a larger producer, this is a name that could give precious-metals traders and investors a lot to watch!

The company has already undergone a major transformation.

GORO is now a multi-asset precious-metals company with current production, extensive exploration, established infrastructure, a potential near-term restart and a major U.S. development project.

And at Don David, the company is already demonstrating the strategy in action: mine existing resources, explore for more, expand mineralized systems and use established infrastructure to support growth.