Goldgroup Announces Shareholder Approval of Arrangement with Gold Resource Corporation and Results of Annual General and Special Meeting

About this update from Goldgroup Mining Inc.

Vancouver, British Columbia--(Newsfile Corp. - July 2, 2026) - Goldgroup Mining Inc. (TSXV: GGA) (OTCQX: GGAZF) (FSE: 55G0) ("Goldgroup" or the "Company") is pleased to announce the approval by shareholders of the Company of the Arrangement (as defined below) with Gold Resource Corporation and other matters at the Company's Annual General and Special Meeting of Shareholders ("Meeting") held on Thursday, July 2, 2026. A total of 280,061,700 common shares were voted at the Meeting, representing 92.88% of the votes attached to all outstanding common shares as of the record date of May 29, 2026 with over 99.99% of the votes cast at the meeting in favor of all motions presented to shareholders as outlined below. All matters presented at the Meeting and set out in the Company's management information circular dated May 29, 2026 (the "Information Circular") were approved, including: (i) the plan of arrangement and merger (the "Arrangement") under Division 5 of Part 9 of the Business Corporations Act (British Columbia) involving the Company, the Company's wholly-owned subsidiary, Goldgroup Merger Sub Inc., and Gold Resource Corporation; (ii) the adoption of new Articles for the Company (the "New Articles"); (iii) the Company's Omnibus Equity Incentive Plan; (iv) the appointment of Davidson & Company LLP as the auditors of the Company and to authorize the directors to fix the auditors' remuneration; and (v) the election of the Company's directors, all as more particularly set out in the Information Circular. The Company is also pleased to report that Gold Resource Corporation (NYSE American: GORO) announced at their Special Meeting of Shareholders held today that the Arrangement was approved by a majority of Gold Resource's shareholders. 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. A copy of the New Articles has been filed under the Company's SEDAR+ profile on www.sedarplus.ca. Additional information concerning the Arrangement is available in the Information Circular and the Company's news releases dated May 15, 2026 and January 26, 2026. About Goldgroup Goldgroup is a Canadian-based mining Company with two high-growth gold assets in Mexico. In addition to the San Francisco gold project, the Company has a 100% interest in ...

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