Goldgroup Reports Strong First Results from 26,000 Metre San Francisco Drill Program

Goldgroup Mining Inc. (TSXV: GORO) (NYSE American: GORO) (FSE: 55G) ("Goldgroup" or the "Company") is pleased to announce assay results of the first six drillholes from its ongoing 26,000 metre diamond drilling program at the formerly producing San Francisco Gold Project in Sonora, Mexico. Initial results have intersected both higher-grade intervals and broader zones of gold mineralization within areas of known mineralization. The results are being incorporated into the Company's geological and resource models and will support a detailed technical study evaluating the potential restart and optimization of the San Francisco operation.

The 26,000-metre core drilling program represents a significant investment in San Francisco and is designed to advance the project from an existing resource (with production history) and toward a potential restart of operations, while establishing a stronger geological foundation for future resource growth. The program has three principal objectives: Resource definition and geological confidence - better defining the geometry, grade distribution and continuity of known mineralization, particularly along strike and at depth; Mine planning and technical studies - collecting geological, structural and geotechnical information required to support pit design, future pushbacks and evaluation of potential restart scenarios; and Resource expansion - testing extensions of known mineralization and identifying additional mineralized structures that could ultimately expand the mineralized footprint.

The drilling program is also providing important rock-quality, structural and geotechnical information. This data will be used to refine the interpretation of structural controls on mineralization and update the geotechnical characterization of the San Francisco and La Chicharra pits. Mineralization identified closer to surface is particularly relevant to potential near-term mining scenarios, while deeper and along-strike intercepts will help evaluate the potential extent of mineralization beyond areas incorporated into current mine planning.

Javier Reyes, Chief Executive Officer of Goldgroup, commented: "These first results from our 26,000-metre San Francisco drill program represent a highly encouraging start and reinforce our belief that there is significant opportunity to unlock additional value from this established gold project. What makes San Francisco particularly compelling is that we are not starting from scratch. This is a formerly producing operation with existing infrastructure and an established mineral resource. Our drilling is designed to build on that foundation by improving our understanding of the deposit and generating the technical information required to evaluate a potential restart, while also testing opportunities for longer-term resource growth."

Results have only been received for the first six drillholes and were drilled within the existing pit. The assay results reported here demonstrate both higher-grade intervals and broader zones of gold mineralization within the areas tested. Reported drill intercept lengths are downhole core lengths; estimated true widths are provided in Table 1. Intervals not highlighted can be assumed to have assay values of low or insignificant gold values.

Highlights include: GGD-174: 23.4 metres grading 1.71 g/t gold, including 6.4 metres grading 4.84 g/t gold; GGD-178: 16.8 metres grading 4.36 g/t gold, including 10.9 metres grading 6.34 g/t gold; GGD-178: 10.0 metres grading 2.00 g/t gold, including 2.2 metres grading 7.83 g/t gold ; GGD-179: 51.0 metres grading 0.58 g/t gold, including 3.9 metres grading 2.53 g/t gold. Among the results received to date, drill hole GGD-178 returned 16.8 metres grading 4.35 g/t gold, including 10.9 metres grading 6.33 g/t gold , together with a second interval of 10.0 metres grading 2.00 g/t gold, including 2.2 me...