GoGold Commences Construction of the Fully-Funded Los Ricos South Mine

GoGold Resources Inc. (TSX: GGD) (OTCQX: GLGDF) ("GoGold", "the Company") is pleased to announce the formal commencement of site construction at Los Ricos South in Jalisco, Mexico. This milestone follows the completion of a feasibility study in 2025 and the granting of the project permit from the Mexican Government in June of this year. This rapid progress was driven in part by the Company's decision to initiate the detailed engineering and plant design phase in 2025. First silver and gold pour is scheduled for June 2028. "We are fully financed with a robust cash position of US$284 million, strong cash flow from our operation at Parral, and zero debt as we begin construction at Los Ricos South," said Brad Langille, President and CEO. "The decision to advance detailed engineering early has allowed us to get a meaningful head start on long-lead time equipment, which we expect will support an effective execution of the build and keep us on track for first gold pour in June 2028." The Company provides the following update on construction and engineering activities: Underground mining contractor has been selected. Portal construction is scheduled for Q4 2026, with initial mine development to begin in January 2027. Additional geotechnical drilling is currently underway to define exact portal locations and overall underground conditions, which will aid in further optimization of the underground mine plan, with specialist support provided by WSP Geotechnical Engineering. Detailed plant design by M3 and DENM Engineering is approximately 85% complete. RMS (Responsible Mining Solutions) is advancing the detailed design of the paste backfill plant. Orders for all critical long-lead time equipment have been placed, including the SAG mill, tailings filter, crusher, electrical switchgear, Merrill-Crowe plant, conveyors, slurry pumps, hydrocyclones, feeders and screens. The EPCM contractor (M3) is now on site for the construction phase. GoGold has also appointed a construction manager who is currently at site. The earthworks contractor has been mobilized to site, work has commenced at the plant site. As part of its environmental mitigation program, GoGold has launched a regional mitigation program that includes the planting of 20,000 trees to support local reforestation.