GoGold Drills 22.4m Averaging 6.55 g/t Gold Equivalent Including 3.0m at 32.2 g/t Gold Equivalent at the Recently Acquired Los Ricos

GoGold Drills 22.4m Averaging 6.55 g/t

Gold Equivalent Including 3.0m at 32.2

g/t Gold Equivalent at the Recently

Acquired Los Ricos

Trading Symbol: TSX: GGD

Shares Outstanding: 171,776,481

HALIFAX, May 1, 2019 /CNW/ - GoGold Resources Inc. (TSX: GGD)

("GoGold", "the Company") continues to deliver strong assay results

from an additional two diamond drill holes at the recently acquired 29

concession Los Ricos project located about 100 km northwest of the

city of Guadalajara.

"We're seeing wide zones of gold-silver mineralization in the core

holes that are consistent with the historical RC drilling and mining

grades. Our exploration team is busy digitizing the assay results from

over 6,000 legacy channel samples collected in the cross-cuts, raises,

drifts and stopes of the old underground mine workings. This data will

be used to help direct the location of the deeper core holes beneath

the current limits of the legacy drill holes," stated Brad Langille,

President and CEO.

Diamond drill hole LRGG-19-008 intersected 22.4 m averaging 4.13

g/t gold, 182.1 g/t silver and 6.55 g/t gold equivalent, including 3.0 m

averaging 25.08 g/t gold, 533.9 g/t silver and 32.20 g/t gold

equivalent.

Diamond drill hole LRGG-19-007 intersected 11.7 m averaging 0.68

g/t gold, 88.8 g/t silver and 1.87 g/t gold equivalent including 6.1 m

averaging 0.58 g/t gold, 141.9 g/t silver and 2.47 g/t gold equivalent.

Detailed intersections are in Table 1, and location of drill holes are

included in Table 2.

Table 1: Drill Hole Intersections

Hole ID Comment From To Length2 Au Ag AuEq1

(m) (m) (m) (g/t) (g/t) (g/t)

LRGG-19-007 Main 149.5 161.2 11.7 0.68 88.8 1.87

including 163.0 169.1 6.1 0.58 141.9 2.47

LRGG-19-008 Main 109.4 131.7 22.4 4.13 182.1 6.55

including 127.5 130.5 3.0 25.08 533.9 32.20

and 134.7 147.6 12.9 0.17 31.5 0.59

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

2. Not true width

Table 2: Drill Hole Locations

Hole ID Easting Northing Elev Azimuth Dip Final

LRGG-19-007 610624 2327483 1411.9 50 -50 210.00

LRGG-19-008 610527 2327666 1461.9 50 -45 172.50

GoGold commenced a 10,000 m diamond drilling program of HQ size

core in conjunction with a field program of geological mapping,

sampling and trenching on the property in March 2019. The core

drilling campaign is focused on defining the mineralized halo around

the historical high grade ore shoots as defined by the underground

workings and the 65 historical RC drill holes on the property.

The diamond drill core (HQ size) is geologically logged, photographed

and marked for sampling. When the sample lengths are determined,

the full core is sawn with a diamond blade core saw with one half of

the core being bagged and tagged for assay. The remaining half

portion is returned to the core trays for storage and/or for metallurgical

test work.

The sealed and tagged sample bags are transported to the ActLabs

facility in Zacatecas, Mexico. ActLabs crushes the samples and

prepares 200-300 gram pulp samples with ninety percent passing

Tyler 150 mesh (106μm). The pulps are assayed for gold using a 50

gram charge by fire assay (Code 1A2-50) and over limits greater than

10 grams per tonne are re-assayed using a gravimetric finish (Code

1A3-50). Silver and multi-element analysis is completed using total

digestion (Code 1F2 Total Digestion ICP). Over limits greater than 100

grams per tonne silver are re-assayed using a gravimetric finish (Code

8-Ag FA-GRAV Ag).

Quality Assurance / Quality Control and Data Verification

Quality assurance and quality control ("QA/QC") procedures monitor

the chain-of-custody of the samples and includes the systematic

insertion and monitoring of appropriate reference materials (certified

standards, blanks and duplicates) into the sample strings. The results

of the assaying of the QA/QC material included in each batch are

tracked to ensure the integrity of the assay data. All results stated in

this announcement have passed GoGold's QA/QC protocols.

Mr. David Duncan, P. Geo. is the qualified person as defined by

National Instrument 43-101 and is responsible for the technical

information of this release.

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.

SOURCE GoGold Resources Inc.

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http://www.newswire.ca/en/releases/archive/May2019/01/c7284.html

%SEDAR: 00029249E

For further information: Steve Low, Corporate Development,

GoGold Resources, T: 416 855 0435, E: [email protected]

CO: GoGold Resources Inc.

CNW 08:30e 01-MAY-19