Vancouver, British Columbia--(Newsfile Corp. - July 8, 2026) - Goldgroup Mining Inc. (TSXV: GGA) (OTCQX: GGAZF) (FSE: 55G0) ("Goldgroup" or the "Company") is pleased to announce the effective date of the previously announced consolidation (the "Consolidation") of Goldgroup's issued and outstanding common shares without par value (each such share, a "Goldgroup Share"), which will be on Friday, July 10, 2026. As disclosed in its news release on July 3, 2026, the ratio of the Consolidation will be one (1) post-Consolidation Goldgroup Share for every four (4) pre-Consolidation Goldgroup Shares.
The post-Consolidation Goldgroup Shares will continue trading under the symbol "GGA" on the TSX Venture Exchange, under the symbol "GGAZF" on the OTC, and under the symbol "55G0" on the Frankfurt Stock Exchange. The new CUSIP and ISIN of the Goldgroup Shares will be 38141A602 and CA38141A6025, respectively.
The Company will not issue any fractional Goldgroup Shares as a result of the Consolidation. Instead, all fractional Goldgroup Shares equal to or greater than one-half resulting from the Consolidation will be rounded to the next whole number, otherwise, the fractional Goldgroup Share will be cancelled.
About Goldgroup
Goldgroup is a Canadian-based mining Company with two high-growth gold assets in Mexico. The Company holds a 100% interest in the recently acquired San Francisco project located in the State of Sonora. The project is fully permitted for a rapid restart of mining operations and is comprised of two open pits together with heap leach processing facilities and associated infrastructure. It is a robust project with significant gold resources and strong upside in terms of optimized development and multiple, large-scale exploration targets.
In addition to the San Francisco gold project, the Company has a 100% interest in the producing Cerro Prieto heap leach gold mine located in the State of Sonora.
Goldgroup recently announced shareholder approval of a proposed business combination with Gold Resource Corporation, which holds a 100% interest in the producing Don David gold mine in Oaxaca, Mexico, as well as the Back Forty gold/silver development project in Michigan, USA. Subject to obtaining all required approvals and the satisfaction or waiver of all required closing conditions, the Arrangement is expected to close on or about July 17, 2026.
Goldgroup is led by a team of highly successful and seasoned individuals with extensive expertise in mine development, corporate finance, and exploration in Mexico.