Slide 1: Goldgroup Mining Inc. – Built to Produce. Positioned to Grow.
G O LD G R O UP MINING INC . Built to Produce. Positioned to Grow. SEPTEMBER 2026 CREATING MEXICO'S PREMIER PRECIOUS METALS PRODUCER calugroup.com 1
Slide 2: Cautionary Notes and Technical Disclosure
Goldgroup Mining Inc. N I 4 3 -1 0 1 IN FORMATION Cautionary Notes and Technical Disclosure Technical aspects of this presentation as they relate to Goldgroup Mining Inc. have been reviewed and approved by Craig Gibson of Goldgroup Mining Inc., who serves as a Qualified Person under the definition o
Slide 3: Important Notices and Disclaimer
Goldgroup Mining Inc. I M P O RTA N T N OT I C E S A N D D IS C L AIMER GOLD GROUP MIN IN G IN C . Certain information contained in this presentation, including any information relating to future financial or operating performance, may be considered “forward-looking information” (within the meaning
Slide 4: Key Investment Highlights
Goldgroup Mining Inc. KEY INVESTMENT HIGHLIGHTS CLEAR PRODUCTION Targeting ~60,000 oz AuEq in 2026 and >100,000 koz AuEq by end-2027,* with a longer-term goal of GROWTH 250,000 koz AuEq through organic growth and M&A MULTI ASSET PORTFOLIO 100%-owned portfolio: two producing mines and one restart pro
Slide 5: Capital Structure & Key Shareholders
Goldgroup Mining Inc. Capital Structure & Key Shareholders CAPITAL STRUCTURE Basic Shares Outstanding M 134.9 1 Options & Warrants M 15.4 Fully Diluted Shares Outstanding M 149.4 Share Price and Volume Traded (since Jan. 1, 2025) 2 Share Price (TSXV:GORO | NYSEAM:GORO) C$/sh | US$/sh $4.38 | $3.19 $
Slide 6: Leadership Team
Goldgroup Mining Inc. STRONG MANAGEMENT TEAM BOARD OF DIRECTORS LEADERSHIP TEAM Javier Reyes Lila Manassa Murphy, CFA, CPA Chairman & CEO Independent Director Operations Mining entrepreneur and executive with 25+ Current CFO of Dundee Corporation, CFA, and CPA years of leadership experience founding
Slide 7: Mexico Operations
Goldgroup Mining Inc. M E XI CO O PE R ATI O NS OPERATIN G IN SAFE, MIN IN G-FRIEN D LY BACK FORTY Michigan, USA J URIS D ICTION S IN DEVELOPMENT MEX ICO SAN FRANCISCO Sonora, MX RE-START Sonora and Oaxaca offer strong mining infrastructure, skilled labor, and safe operating CERRO PRIETO environment
Slide 8: Combined Asset Overview
Goldgroup Mining Inc. COMBINED AS S ET OVERVIEW 3 Conceptual AuEq Production PRODUCTION DEVELOPMENT DON DAVID CERRO PRIETO SAN FRANCISCO BACK FORTY 120 Location Oaxaca Sonora Sonora Michigan 40 - 60 ~100 883 (1) kt @ 1.1 g/t Au, 217 14.5 Mt @ 2.21 g/t Au, 27 100 M&I Resources 3,129 kt 105,000 kt g/t
Slide 9: Company Offers Attractive Valuation
Goldgroup Mining Inc. COM PA NY OFFE RS ATTRACTI VE VALUATION Major Growth Ahead. Breaking into the $550 Million to $5 Billion Intermediate Producers Market Capitalization (US$M)(1) Production Guidance (koz AuEq) Production Growth (2026-2029+) Aura Minerals $6,500 West African 460 Caledonia 500% Int
Slide 10: Key Milestones 2026-2027
Goldgroup Mining Inc. KEY MILESTONES 2026-2027 2026 2027 Q3 Q4 Q1 Q2 Q3 Q4 Commence exploration at Margaritas Don David Achieve 5,000 tons per month from Alta Gracia Commence exploration at El Rey Drill program including exploration Mine plan completion San Francisco Refurb complete Restart mining (
Slide 11: A Quick Look at Our Operations
Goldgroup Mining Inc. BACK FORTY Michigan, USA DEVELOPMENT SAN FRANCISCO Sonora, MX DEVELOPMENT A QUICK LOOK AT OUR OPERATION S CERRO PRIETO Sonora, MX PRODUCING DON DAVID Oaxaca, MX PRODUCING 11
Slide 12: Don David – Campo Morado
Goldgroup Mining Inc. D ON DAVID GLOBAL M&I GOLD ZINC COPPER SILVER PRODUCING LEAD 883 Kt M&I (1) 31.2 Koz M&I 43.2 Mlbs M&I 3.0 Mlbs M&I 6.1 Moz M&I 14.2 Mlbs M&I Location Oaxaca State, Mexico Processing 1,800 tpd flotation 55,000 hectares + 300 tpd agitated leach CAMPO MARADO Ownership 100% Annual
Slide 13: Don David Production + Exploration Pipeline
Goldgroup Mining Inc. DON DAVID PRODUCTION + EXPLORATION PIPELINE N Margaritas - Mineralization Highlights: • Hole 315002: 0.3 m @ 7.1 g/t Au & 4,010 g/t Ag • Hole 315003: 2.2 m @ 1.2 g/t Au & 599 g/t Ag • Hole 315004: 0.7 m @ 1.7 g/t Au & 1,260 g/t Ag • Hole 315006: 0.3 m @ 3.9 g/t Au & 2,360 g/t A
Slide 14: Margaritas Project
Goldgroup Mining Inc. REGIONA L DON DAVID E XP LORATION MA RGARITAS PROJ ECT • Location: Great access, near mine, geographically favourable. Margaritas represents a compelling near- mine exploration opportunity within the proven San José mineralized corridor. Located just 5–12 km from the Arista min
Slide 15: El Rey Project
Goldgroup Mining Inc. REGIONA L DON DAVID E XP LORATION EL REY PROJ ECT North-South Cross Section No. 766,835E (looking west) • Location: situated 44 km NW of the Arista mine at the northwestern end of the 55-km San José structural corridor • Gold rich high-grade zone. Potential for significant oxid
Slide 16: Cerro Prieto
Goldgroup Mining Inc. C ERRO PRIETO PRODUCING Location Sonora State, Mexico Processing 5,500 tpd throughput capacity 6,979 hectares Estimated 15,000 – 20,000+ oz Au Eq Ownership 100% Annual In-house estimate with ongoing mine Production (1) production Royalty 2% Mine Type Shallow Open Pit Infrastruc
Slide 17: Cerro Prieto Mine
Goldgroup Mining Goldgroup Mining Inc. Inc. Socorro Zone – 4km Puma Pit Puma - Mineralization Highlights: • CP517: 13.60 m @ 1.05 g/t Au & 230.7 g/t Ag Mined Zones • CP519: 16.73 m @ 1.34 g/t Au & 30.54 g/t Ag Reyna • CP529: 53.27 m @ 0.40 g/t Au & 1.25 g/t Ag Esperanza Zone Currently in Production
Slide 18: San Francisco
Goldgroup Mining Inc. SA N FRAN C IS CO DEVELOPMENT GOLD 56.3 Koz &I Location Sonora State, Mexico Processing 15,000 tpd throughput capacity ~33,647 hectares (+ 13,284 (utilizing one existing crushing circuit) hectares of regional concessions) Ownership 100% Potential Full 40,000-60,000 oz Au Royalt
Slide 19: San Francisco Mine Complex
Goldgroup Mining Inc. SA N FRAN C IS CO MIN E COMPLEX CHEMICAL PLANT NORTH PIT W 19
Slide 20: San Francisco Upside Potential
Goldgroup Mining Inc. SA N FRAN C IS CO UPS ID E POTEN TIAL D Property encloses 46,931 hectares, including 33,647 hectares B of contiguous concessions to San Francisco Mine, and 13,284 hectares for regional projects. A Brownfield exploration consist of Orogenic gold systems similar to San Francisco
Slide 21: San Francisco Brownfield Exploration Targets
Goldgroup Mining Inc. SAN FRAN C IS CO B ROWN FIELD Brownfield Exploration targets EX PLORATION TARGETS • Seven near-mine target areas have been identified within approximately 1–10 km of existing processing infrastructure, together with opportunities for 3 mineralization extensions adjacent to the
Slide 22: San Francisco Greenfield Exploration Targets
Goldgroup Mining Inc. SA N FRAN C IS CO GREEN FIEL D D B EX PLORATION TARGETS A Different mineralization systems are part of regional projects Norma and Pima projects have initial drilling by former operators C Dulce and Patricia-Los Carlos have mapping and sampling work Dulce project has geological
Slide 23: Back Forty
Goldgroup Mining Inc. BAC K-FORTY DEVELOPMENT GOLD DEFINITIVE FEASIBILITY STUDY UNDERWAY 56.3 Koz &I Location Michigan, USA History Acquired Aquila Resources in 2021, over $95M spent in exploration by Ownership 100% Aquila and various JV partners including HudBay Minerals Stage Late-stage Developmen
Slide 24: Back Forty: Compelling Project Economics
Goldgroup Mining Inc. BAC K FORTY: COMPELLIN G PROJ ECT ECON OMIC S Open pit and underground polymetallic VMS project “Base” Case “Spot” Case3 “Consensus” Case4 US$1,800/oz Au US$2,700/oz Au US$3,036/oz Au US$214M After-Tax NPV6% US$433M After-Tax NPV6% US$556M After-Tax NPV6% 25.7% After-Tax IRR 44
Slide 25: Why Invest?
IN CONCLUSION Goldgroup Mining Inc. GOLDGROUP MINING INC. WHY IN VEST ? BACK FORTY Michigan, USA DEVELOPMENT Investment Summary SAN FRANCISCO 7 • Quality gold & silver assets Sonora, MX DEVELOPMENT • Production and cash flow exposure • Exploration upside KEY • Strong management team CERRO PRIETO POI
Slide 26: Thank you.
Goldgroup Mining Inc. Javier Reyes, Chairman & CEO Goldgroup Mining Inc. jreyes@goldgroupmining.com NYSE American: GORO TSXV: GORO Thank you. Sophia Shane Investor Relations sshane@goldgroupmining.com Ph. +1 604 306 6867 Corporate Office: Vancouver Suite 410, 1111 Melville Street Vancouver, BC, Cana
Slide 27: Appendix
Goldgroup Mining Inc. Appendix 27
Slide 28: Goldgroup Mineral Reserves & Resources
Goldgroup Mining Inc. GOLD GROUP MIN ERAL RES ERVES & RES OURC ES Contained Contained Contained Contained Contained Tonnes Au Grade Ag Grade Cu Grade Pb Grade Zn Grade Project Category (Kt) (g/t) (g/t) (%) (%) (%) Au Ag Cu Pb Zn (Koz) (Koz) (Mlbs) (Mlbs) (Mlbs) Proven 26 1.91 476 0.22 0.81 1.90 1.6
Slide 29: San Francisco Greenfield Exploration Targets
Goldgroup Mining Inc. SAN FRANCISCO GREENFIELD E X P LO R AT I O N TA RG E T D B Different mineralization systems are part of regional projects A Norma and Pima projects have initial drilling by former operators Dulce and Patricia-Los Carlos have mapping and sampling work Dulce project has geologica
Slide 30: San Francisco Brownfield Exploration Targets
Goldgroup Mining Inc. S A N F R A N C I S C O B RO W N F I E L D E X P LO R AT I O N TA RG E T S Brownfield Exploration targets • Seven near-mine target areas have been identified within approximately 1–10 km of existing processing infrastructure, together with opportunities for mineralization exten