Goldgroup Mining Inc. · TSXV:GORO
Goldgroup Mining — Investor Presentation (July 2026)
35 slides from Goldgroup Mining's investor presentation, July 2026
Slide 1: Built to Produce. Positioned to Grow.
G O LD G R O UP MINING INC . Built to Produce. Positioned to Grow. JULY 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 Attributes
Goldgroup Mining Inc. K EY ATTRIB UTES INCREASED SCALE Powerful platform for growth. Scale. Enhanced critical mass and capital markets profile SIGNIFICANT Production run rate of 100,000+ oz Au Eq within 12 months, driven by Don David, Cerro Prieto, and San PRODUCTION GROWTH Francisco. No permitting
Slide 5: A Business Combination Created a New Investment Opportunity
Goldgroup Mining Inc. A B US I NE S S CO M B I NATI O N C R E ATE D A NE W IN VESTMEN T OPPORTUN ITY BACK FORTY Michigan, USA DEVELOPMENT Objective to Fast Track Growth to Intermediate Ranking Targeting 250k Au Annual Production WE ARE: SAN FRANCISCO Sonora, MX • A producing precious metals miner wi
Slide 6: Diversified Growth
Goldgroup Mining Inc. P R O D U C T I O N , D E V E L O P M E N T, E X P L O R AT I O N D IVERS IFIED GROW TH BACK FORTY Michigan, USA DEVELOPMENT Portfolio in North America with Mexican Focus 2 1 1 + SAN FRANCISCO Sonora, MX DEVELOPMENT PR O DUCTI O N PRODUCTION ADVANCED DI S TR I CT S CA L E Just
Slide 7: How Do We Get There
Goldgroup Mining Inc. U LT I M AT E 2 5 0 K A U E Q TA R G E T HOW D O W E GET THERE BACK FORTY Michigan, USA DEVELOPMENT Organic and M&A STEP ONE Merger – production visibility by year end of 60,000 oz Au Eq SAN FRANCISCO Sonora, MX STEP TWO DEVELOPMENT Optimize all operations – exploration drillin
Slide 8: Combined Asset Overview
Goldgroup Mining Inc. COMBINED AS S ET OVERVIEW PRODUCTION DEVELOPMENT Pro Forma Annual Au Eq DON DAVID CERRO PRIETO SAN FRANCISCO BACK FORTY Production Estimate (2027E) Location Oaxaca Sonora Sonora Michigan M&I Resources(1,2) (000”s Tons) 1,500(3) 37(4) 105,000 14,500(6) (3.88 g/t) (0.37 g/t) (0.
Slide 9: Key Milestones 2026-2027
Goldgroup Mining Inc. KEY MILESTONES 2026-2027 2026 2027 Q3 Q4 Q1 Q2 Q3 Q4 Exploration drilling at Margaritas Don David 5,000 tons per month from Alta Gracia Exploration drilling at El Rey Drill program complete Mine plan Complete San Franciso Refurb complete Restart mining Full Production Explorati
Slide 10: 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 10
Slide 11: Don David
Goldgroup Mining Inc. D ON DAVID PRODUCING GLOBAL M&I GOLD ZINC COPPER SILVER 1,490.0 Kt M&I 56.3 Koz M&I 65.9 Mlbs M&I 6.2 Mlbs M&I 7.8 Moz M&I 21.5 Mlbs M&I Location Oaxaca State, Mexico Processing 1,800 tpd flotation 55,000 hectares + 300 tpd agitated leach CAMPO MARADO Ownership 100% 2026E Produ
Slide 12: Arista Mine Complex at Don David
Goldgroup Mining Inc. ARISTA MIN E COMPLEX AT DON DAVID Arista Mine Complex: Underground Workings & • Structurally controlled intermediate-sulfidation epithermal Identified Vein Systems vein system and associated stockwork zones – Containing gold, silver, copper, lead and zinc • Mined by a combinati
Slide 13: Arista Mine Complex & Exploration Plan
Goldgroup Mining Inc. ARISTA MIN E COMPLEX & E XP LORATION P L A N Main Ramp Access Block Model NSR & 3D View Inferred looking W Splay 31 Resource Sandy Splay 5 Sadie Candelaria Gisela Gloria Arista Este-N Viridiana N 3SG Index Map 3SG SWB Switchback 2025 Drill Targets ART Soledad /Sagrario 2026 Dri
Slide 14: Greenfield Projects
Goldgroup Mining Inc. GREENFIELD PROJECTS Key Factors for Ranking • Geological Potential: The likelihood of a significant deposit, based on geological context. • Stage of Exploration: Ranking by maturity, with higher rankings given to those closer to feasibility. • Risk Mitigation: The potential to
Slide 15: Alta Gracia Exploration Development
Goldgroup Mining Inc. ARISTA MIN E COMPLEX February factors Altagracia Satellite Operation Q1 – 2026: Alta Gracia Exploration Development Main ramp Main ramp access 0.25 m 0.15 m access 0.25 m 1370.00 0.15 m 1.95 m 0.25 m 669.00 1370.00 1.95 m 0.35 m0.25 m 0.30 m 669.00 0.35 m Independencia 0.30 m I
Slide 16: Margaritas Project
Goldgroup Mining Inc. REGIONA L DON DAVID E XP LORATION MA RGARITAS PROJ ECT • Location: encompasses a broad area 5 to 12 km north-west of the Arista Mine, centrally located within the San Jose structural corridor. • Drilling Program (2012-2016): a total of 21,299 m of core drilling was completed ac
Slide 17: El Rey Project
Goldgroup Mining Inc. DON DAVID REGIONA L E XP LORATION EL REY PROJ ECT El Rey North-South Cross Section No. 766,835E (looking west) • Location: situated 44 km NW of the Arista mine, within the San Jose structural corridor. • Phase 1 Drill Campaign (2007-2008): 5,273 m of core drilling completed acr
Slide 18: San Francisco
Goldgroup Mining Inc. SA N FRAN C IS CO DEVELOPMENT GOLD 56.3 Koz &I Location Sonora State, Mexico Processing 16,875 tpd throughput capacity ~33,667 hectares (+ 13,284 (utilizing two existing and parallel hectares of regional concessions) crushing circuits 15 ktpd + 7 ktpd with down time) Ownership
Slide 19: Key Initiatives
Goldgroup Mining Inc. SAN FRANCISCO K EY IN ITIATIVES • 24,000 M diamond drilling, $8.5 million, complete in Q3, objective is to confirm block model and provide the input into the mine plan. • Refurbish the crushing circuit and ARD plant, capital estimate $15 million, completion Q4 2026. • Potential
Slide 20: San Francisco Mine Complex
Goldgroup Mining Inc. SAN FRAN C IS CO MIN E COMPLEX CHEMICAL PLANT NORTH PIT 20
Slide 21: Resource Sensitivity Analysis
Goldgroup Mining Inc. RES OURC E S EN S ITIVITY AN ALYS IS Sensitivity Analysis Graph for the San Francisco Project All Pits Combined SF Project Sensitivity All Pits Compined 160,000,000 1.60 140,000,000 1.40 Average Grade (Au g/t) 120,000,000 1.20 Tonnage (t) 100,000,000 1.00 80,000,000 0.80 60,000
Slide 22: Cerro Prieto
Goldgroup Mining Inc. C ERRO PRIETO PRODUCING Location Sonora State, Mexico Processing 4,200 tpd throughput capacity 4,335 hectares 2026E Full Year 17,000 – 20,000+ oz Au Ownership 100% Production In-house estimate with ongoing mine production Royalty 2% Mine Type Shallow Open Pit Infrastructure Mul
Slide 23: Cerro Prieto Mine
Goldgroup Mining Inc. Socorro Zone – 4km Puma Pit Mined Zones Reyna Tajo Viejo Esperanza Zone Currently in Production Nueva Esperanza Advanced Exploration Zones Esperanza Union Pit Early Exploration Zones Centro Pit Reforma – New Zone Definition drilling underway Cata Project South Pit Coati Project
Slide 24: 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 25: 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$214 Million After-Tax NPV6% US$433 Million After-Tax NPV6% US$556 Million After-Tax NPV6% 2
Slide 26: Leadership Team
Goldgroup Mining Inc. PROFORMA LEA D ERS HIP TEAM Highly successful track record in industry Operations MANAGEMENT TEAM POST-MERGER BOARD Exploration Allen Palmiere Javier Reyes President & CEO Chairman Finance Ron Little Armando Alexandri Lila Manassa Murphy Proven COO Nicole Adshead-Bell Luis Feli
Slide 27: Share Cap Structure
Goldgroup Mining Inc. S HA RE CAP STRUCTURE Solid Shareholder Base & Good Liquidity Shares Outstanding (M) 134.9 17.0% Fully Diluted (M) 150.7 150.7M 9.2% Warrants (M) 12.9 F U L LY DILUTED Options (M) 1.47 SHARES 7.6% 64.6% Rights (M) 1.34 1.6% TSXV:GORO Ticker Symbol NYSE:GORO Public Float Calu Op
Slide 28: Multiple Near Term Value Catalysts
Goldgroup Mining Inc. M U LT I P L E N E A R T E R M VALUE CATALYSTS Optimize and Expand High Growth Gold Operations ANTICIPATED CAPITAL & SUSTAINING 2026 2027 2028 2029+ EXPENDITURES COMMENTARY Continue development of extensive high- PRODUCTION grade zone at Don David. Ongoing US$35M Total Capex &
Slide 29: Fast Track to Intermediate Producer
Goldgroup Mining Inc. Producing assets with pipeline of GROWTH PORTFOLIO development and exploration projects. K E Y TA K E AWAY OF ASSETS 100% owned and Mexico projects FAST TRAC K TO permitted IN TERMED IATE MERGED LEADERSHIP Strengthened and focused on re-rating PROD UC ER and driving growth Gold
Slide 30: 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 31: Thank you.
Goldgroup Mining Inc. Allen Palmiere, CEO Goldgroup Mining Inc. apalmiere@goldgroupmining.com NYSE American: GORO TSXV: GORO Thank you. Javier Reyes, Chairman Goldgroup Mining Inc. jreyes@goldgroupmining.com NYSE American: GORO TSXV: GORO Sophia Shane Investor Relations sshane@goldgroupmining.com Ph
Slide 32: Appendix
Goldgroup Mining Inc. Appendix 32
Slide 33: The world at an impasse: what is the role of Mexico in the new world order?
Goldgroup Mining Inc. “The world at an impasse: what is the role of Mexico in the new world order?“ 33
Slide 34: Why Mexico?
Goldgroup Mining Inc. WHY MEXICO? J U RIS D ICTION A Global Mining Powerhouse & America's #1 Trade Partner #1 Silver Producer 12 Critical Minerals $873B Trade 25% of global supply | 6,300 MT in 2025 Of 60 on US critical list | USGS 2025 USA's #1 partner since 2023 | USTR MINING POWERHOUSE STRATEGIC
Slide 35: The current global situation
Goldgroup Mining Inc. • The Americas cannot produce the critical materials for our critical industries: energy, health, agriculture, computing. The current • Together, these gaps create structural national security risks. global situation • They leave our countries dependent on fragile global supply