GGD.TO · 2020-04-22 12:00:00

GoGold Intersects 11.2m of 625 g/t Silver Equivalent and 3.0m of 1,271 g/t Silver Equivalent

Drill Results

GoGold Intersects 11.2m of 625 g/t Silver

Equivalent and 3.0m of 1,271 g/t Silver Equivalent

Shares Outstanding: 222,106,496

Trading Symbols: TSX: GGD

OTCQX: GLGDF

HALIFAX

April 22, 2020

/CNW/ -

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

"the Company")

is pleased to release the assay results from 12 diamond drill holes that continue to

increase the potential size of the Los Ricos South Project in the Company's Los Ricos district.

Hole LRGG-20-136 was drilled on section 400N in the Main area of the project and intersected the Los

Ricos quartz vein from 162.6 to

173.8m

. The

11.2m

intersection averaged 625 g/t silver equivalent, which

consisted of 358 g/t silver and 3.56 g/t gold.

"As additional assays come in from our exploration program at Los Ricos South, we continue to be

pleased with the results. Hole 132 includes one of our widest intercepts, at close to 50 metres, while also

showing a very high-grade core of 3 metres of 1,270 g/t silver equivalent," said

Brad Langille

, President

and CEO. "We also have strong results near surface from hole 135, and good results from others

including 133 and 137 which we believe will help to increase the number of silver equivalent ounces in our

future resource."

Hole LRGG-20-132 was drilled on section 625N in the Main area and intersected

49.4m

, from 321.9 to

371.2m

, of 111 g/t silver equivalent, consisting of 80.3 g/t silver and 0.41 g/t gold. The intersection

included

3.0m

of 1,271 g/t silver equivalent.

Hole LRGG-20-135 was drilled on section 500N in the Main area of the project and intersected

22.6m

surface averaging 212 g/t silver equivalent, made up of 133 g/t silver and 1.06 g/t gold. The intersection

included

11.3m

of 297 g/t silver equivalent.

Detailed intersections are listed in Table 1, and the hole locations are shown in Table 2.

A longitudinal section summary of all the holes drilled at Los Ricos to date is available at

https://gogoldresources.com/component/rsfiles/preview?path=diagrams/LosRicos_LongSec_20200422.pdf

Table 1: Drill Hole Intersections

Hole ID

Area

Section

From

Length

AuEq

AgEq

(m)

(g/t)

LRGG-20-130

Main

575N

Abandoned in hanging wall above Los Ricos Vein due to fault

LRGG-20-131

Main

500N

Abandoned due to excessive hole deviation

LRGG-20-132

Main

625N

321.9

371.2

49.4

0.41

80.3

1.48

111.0

including

340.4

343.4

3.0

5.42

864.8

16.95

1,270.9

LRGG-20-133

Main

500N

230.6

270.0

36.4

0.36

81.6

1.45

108.7

including

240.0

247.5

7.5

1.15

202.5

3.85

288.4

LRGG-20-134

San Juan

775N

0.0

14.5

0.30

51.2

0.99

73.9

LRGG-20-135

Main

500N

0.0

25.6

22.6

1.06

132.6

2.82

211.8

including

12.0

23.3

11.3

1.29

200.1

3.96

296.6

LRGG-20-136

Main

400N

162.6

173.8

11.2

3.56

358.4

8.34

625.2

LRGG-20-137

Main

525N

34.25

48.15

13.9

0.91

185.2

3.38

253.6

LRGG-20-138

Main

525N

211.9

223.9

9.0

0.13

67.8

1.03

77.5

LRGG-20-139

Main

725N

13.5

36.1

21.6

0.20

82.0

1.29

96.9

LRGG-20-140

Main

175N

176.9

198.4

21.5

0.12

25.0

0.45

34.0

LRGG-20-141

Main

525N

222.5

231.0

8.5

0.34

58.9

1.12

84.1

Not true width

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

Excluding 3.0m of open stopes from historical underground workings.

Excluding 1.0m of open stopes from historical underground workings.

Table 2: Drill Hole Locations

Hole ID

Easting

Northing

Elevation

Azimuth

Dip

Length

LRGG-20-130

610235

2327646

1226

-65

249.0

LRGG-20-131

610699

2327950

1478

230

-41

217.5

LRGG-20-132

610216

2327695

1224

-75

391.0

LRGG-20-133

610699

2327937

1478

230

-45

270.0

LRGG-20-134

610361

2328012

1302

-20

30.0

LRGG-20-135

610540

2327804

1311

-20

72.0

LRGG-20-136

610471

2327615

1278

-50

230.3

LRGG-20-137

610519

2327818

1309

-20

67.5

LRGG-20-138

610378

2327688

1260

-70

260.4

LRGG-20-139

610384

2327966

1303

-20

42.0

LRGG-20-140

610660

2327480

1241

-65

202.9

LRGG-20-141

610675

2327950

1474

230

-45

235.5

Los Ricos Exploration Projects

Drilling at the Los Ricos projects is temporarily suspended due to COVID-19 to ensure the safety of the

Company's employees, contractors, and surrounding communities, in compliance with the Mexican

Federal government's mandate that all non-essential business temporarily suspend activities. The

Company continues to receive assaying results on drill holes completed previous to the suspension of

drilling, which are in the assaying process.

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 North Project was launched in

March 2020

and includes

the Monte del Favor, Salomon, La Trini, and Mololoa targets.

Procedure, Quality Assurance / Quality Control and Data Verification

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 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.

View original content:

http://www.newswire.ca/en/releases/archive/April2020/22/c1784.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 22-APR-20

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