GGD.TO · 2020-06-11 12:00:00

GoGold Begins Drilling at Los Ricos North

Exploration Programs

Shares Outstanding: 222,274,246

Trading Symbols: TSX: GGD

OTCQX: GLGDF

HALIFAX, NS

June 11, 2020

/CNW/ -

GoGold Resources Inc. (TSX: GGD) (OTCQX: GLGDF)

("GoGold", "the Company")

is pleased to announce that they have began drilling at their Los Ricos

North project.

The Company has began drilling with one drill rig at the La Trini target, which is included in the Los

Ricos North project. The first holes will be drilled using HQ triple tube core drilling equipment to

maximize core recoveries at shallow depths and are being laid out to 'twin' historical drill holes

completed by Tumi Resources and National Lead. Details of the historical drill holes are included in

the table below. The Company's exploration team has located the monuments from these historical

holes. Upon completion of the 'twinning' of these holes, the Company expects that the historical data

from these holes will then be able to be used in future resource reporting.

The Company expects to add additional drill rigs to the Los Ricos North project in the near future at

the La Trini, Mololoa, and Salomon targets.

Table 1: Historical Drill Hole Intersections

Hole ID

Year Drilled

From

Length

AuEq

AgEq

(m)

(g/t)

TRRC-32

2005

130.0

154.4

24.4

6.4

1,629

28.1

2,109

TRRC-06

2007

8.1

26.4

18.3

3.1

150

5.1

383

TRRC-38

2007

136.2

142.3

6.1

2.8

174

5.1

384

T1E.1

1971

0.0

19.7

4.9

193

7.4

557

T0E.1

1971

47.2

61.3

14.1

4.9

261

8.4

629

T1W.2

1971

34.7

45.2

10.5

5.7

188

8.3

619

Historical drilling data comes from technical report for Tumi Resources Limited dated Jan. 15, 2008, available on SEDAR as filed by Kingsmen Resources Ltd. on Feb. 11, 2008.

Historical drilling data from 1977 resource report of National Lead.

Not true width.

AuEq converted using a gold to silver exchange ratio of 75:1.

The Company's two exploration projects at its Los Ricos property are in

Jalisco

state, Mexico. The

South Project began in

March 2019

and includes the 'Main' area, which is focused on drilling around

a number of historical mines including

El Abra

, El Troce,

San Juan

, and Rascadero. The South

Project also includes the

Cerro Colorado

and Las Lamas targets. The Company is nearing

completion of resource drilling at the South Project for its upcoming 43-101 compliant resource

calculation. The North Project was launched in

March 2020

and includes the Monte del Favor,

Salomon, La Trini, and Mololoa targets.

About GoGold Resources

GoGold Resources (TSX: GGD) is a Canadian-based silver and gold producer focused on

operating, developing, exploring and acquiring high quality projects in Mexico. The Company

operates the Parral Tailings project in the

state of Chihuahua

and has the Los Ricos exploration

project in the state of

Jalisco

. Headquartered in

Halifax, NS

, GoGold is building a portfolio of low

cost, high margin projects. For more information visit

gogoldresources.com

CAUTIONARY STATEMENT:

The securities described herein have not been, and will not be, registered under the United States

Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws, and

may not be offered or sold within

the United States

or to, or for the benefit of, U.S. persons (as

defined in Regulation S under the U.S. Securities Act) except in compliance with the registration

requirements of the U.S. Securities Act and applicable state securities laws or pursuant to

exemptions therefrom. This release does not constitute an offer to sell or a solicitation of an offer to

buy of any of GoGold's securities in

the United States

This news release may contain "forward-looking information" as defined in applicable Canadian

securities legislation. All statements other than statements of historical fact, included in this release,

including, without limitation, statements regarding the Parral tailings project, the Los Ricos project,

future operating margins, future production and processing, and future plans and objectives of

GoGold, constitute forward looking information that involve various risks and uncertainties. Forward-

looking information is based on a number of factors and assumptions which have been used to

develop such information but which may prove to be incorrect, including, but not limited to,

assumptions in connection with the continuance of GoGold and its subsidiaries as a going concern,

general economic and market conditions, mineral prices, the accuracy of mineral resource

estimates, and the performance of the Parral project There can be no assurance that such

information will prove to be accurate and actual results and future events could differ materially from

those anticipated in such forward-looking information.

Important factors that could cause actual results to differ materially from GoGold's expectations

include exploration and development risks associated with GoGold's projects, the failure to establish

estimated mineral resources or mineral reserves, volatility of commodity prices, variations of

recovery rates, and global economic conditions. For additional information with respect to risk

factors applicable to GoGold, reference should be made to GoGold's continuous disclosure

materials filed from time to time with securities regulators, including, but not limited to, GoGold's

Annual Information Form. The forward-looking information contained in this release is made as of the

date of this release.

View original content:

http://www.prnewswire.com/news-releases/gogold-begins-drilling-at-los-ricos-north-301074107.html

SOURCE

GoGold Resources Inc.

View original content:

http://www.newswire.ca/en/releases/archive/June2020/11/c1301.html

%SEDAR: 00029249E

For further information:

Steve Low, Corporate Development, GoGold Resources, T: 416 855

0435, E: [email protected]

CO: GoGold Resources Inc.

CNW 08:00e 11-JUN-20

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