Goldgroup Announces Receipt of Final Court Approval for Arrangement with Gold Resource Corporation

About this update from Goldgroup Mining Inc.

Vancouver, British Columbia--(Newsfile Corp. - July 6, 2026) - Goldgroup Mining Inc. (TSXV: GGA) (OTCQX: GGAZF) (FSE: 55G0) ("Goldgroup" or the "Company") is pleased to announce that the British Columbia Supreme Court has granted the final order in connection with the Company's plan of arrangement and merger (the "Arrangement") involving the Company, its wholly-owned subsidiary, Goldgroup Merger Sub Inc., and Gold Resource Corporation ("Gold Resource") in accordance with the terms of the arrangement agreement and plan of merger dated January 25, 2026, as amended May 15, 2026. 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.About GoldgroupGoldgroup 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.For further information on Goldgroup, please visit www.goldgroupmining.com. On behalf of the Board of Directors"Ralph Shearing"Ralph Shearing, CEOFor more information:+1 (604) 306-6867410 - 1111 Melville St.Vancouver, BC, V6E [email protected] the TSX Venture E...

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