GGD.TO · 2024-01-10 12:00:00

GoGold Provides Outlook for 2024, Parral Production and Update on Zinc Circuit Commissioning

Mine Development & Operations Metallurgy & Processing Shareholder Letters & Outlook

GoGold Provides Outlook for 2024, Parral Production and Update on

Zinc Circuit Commissioning

Shares Outstanding: 328,222,500

Trading Symbols: TSX: GGD

OTCQX: GLGDF

HALIFAX, NS

Jan. 10, 2024

/CNW/ -

GoGold Resources Inc.

(TSX: GGD) (OTCQX: GLGDF)

("GoGold", "the Company")

is pleased to provide an

outlook of milestones and deliverables for 2024.

"2023 was another year of significant advancements of the Los Ricos district. In less than five years, we have taken the district from having no resources

to having 186 million silver equivalent (AgEq) ounces of measured & indicated resources and 87 million AgEq ounces of inferred resources. We also

completed two preliminary economic assessments ("PEA"), in each of Los Ricos South and Los Ricos North which showed a combined total NPV of

US$871M

for the district. Additionally, in 2023 we applied for a permit to construct a mine at Los Ricos South. We're very proud of our technical team's

ability to achieve these significant accomplishments in less than five years at Los Ricos, and now we look to the future,"

Brad Langille

, President and CEO

stated. "In 2024, we see the following key milestones:

Complete commissioning of SART Zinc circuit in January at Parral, as we enter our tenth year of production;

Advancing directly from the PEA completed at Los Ricos South in 2023 to a definitive feasibility study to be completed within first six months of 2024;

Completion of Los Ricos South mine permitting technical review process in first calendar quarter of 2024, anticipating receipt of permit by mid year

pending governmental review;

Make construction decision at Los Ricos South after completion of feasibility study and receipt of mine permit;

Initiate construction of electrical and water infrastructure at Los Ricos South by end of 2024;

Enter into definitive agreement on debt financing for balance of funds required for construction of Los Ricos South, initial discussions with prospective

lenders have generated significant interest;

Assess potential debt financing options that will allow flexibility to advance Los Ricos North towards a construction decision during the potential

construction of Los Ricos South.

With the above and supported by our strong balance sheet including our year end cash balance of

$95 million USD

(see financial results PR dated

December 19, 2023

), 2024 is sure to be a transformational year for GoGold as it advances towards a substantial low-cost silver producer."

Parral Update

At Parral, the SART Zinc circuit was constructed on time and on budget over the previous two quarters, and the commissioning process should be

completed by the end of January.

Summary of Zinc circuit effects:

Saleable zinc precipitate to be added to the revenue stream;

Regeneration of approximately 750 tons of cyanide per quarter;

Anticipated to generate net increased cash flows of

$1.5 million

per quarter;

Zinc circuit capital expenditure as planned at

$2 million

over 6 month construction period;

Project payback expected within 6 months after construction;

Parral up to end of its mine life will be a producer of silver, gold, copper and zinc;

Expected to result in better precious metals recovery;

Completed on time and on budget.

"The completion of the zinc circuit in the SART is important as it expected to generate approximately

$500,000

per month for cash flow, which will pay

back the

$2M

capex quickly. We believe it will improve the metallurgical recoveries of gold and silver on the material which we are processing currently, so

we expect to see production increase once commissioning is completed," said Brad Langille, President and CEO.

Table 1: Quarterly Production Summary

Quarter Ended

Sep 2022

Dec 2022

Mar 2023

Jun 2023

Sep 2023

Dec 2023

Silver Production (oz)

145,944

159,838

173,717

203,894

169,443

109,016

Gold Production (oz)

2,278

2,399

2,016

1,512

1,106

1,848

Copper Production (tonnes)

124

222

143

135

115

Silver Equivalent Production (oz)

400,467

441,217

400,145

375,112

300,789

300,260

1. "Silver equivalent production" include gold ounces and copper tons produced and converted to a silver

equivalent based on a ratio of the average market metal price for each period. The gold:silver ratio for

each of the periods presented was: Sep 2022 – 90, Dec 2022 – 82, Mar 2023 – 84, Jun 2023 – 82, Sep

2023 – 83, Dec 2023 – 85. The copper:silver ratios were: Jun 2022 – 415, Sep 2022 – 398, Dec 2022 –

377, Mar 2023 – 399, Jun 2023 – 352, Sep 2023 – 356, Dec 2023 – 356.

Los Ricos South

During 2023, the Company completed an updated Mineral Resource Estimate ("MRE") and updated PEA at Los Ricos South, with details provided below.

For 2024, GoGold will work with our technical team and consultants to complete all engineering and technical work required to make a construction

decision on the project in the upcoming year. As part of this work, the Company is in the process of completing a definitive feasibility study and front-end

engineering design which is expected to be released in the first six months of 2024, and advancing the mine permitting application process. P&E Mining

Consultants Inc. has been selected as the lead author of the study, supported by Ausenco for the process and mill design.

2023 Mineral Resource Estimate and PEA

The Los Ricos South Mineral Resource Estimate and PEA were previously announced in a news release dated

September 12, 2023

, with an effective

date of the Report of

September 12, 2023

. See that news release or the 43-101 compliant technical report filed on SEDAR on

October 27, 2023

for

details, in addition to the following summary.

Highlights of the PEA, with a base case silver price of

US$23.75

/oz and gold price of

US$1,850

/oz are as follows (all figures in US dollars unless

otherwise stated):

After-Tax net present value ("NPV") (using a discount rate of 5%) of

US$458 Million

with an After-Tax IRR of 37% (Base Case);

11-year mine life producing a total of 88 Million payable silver equivalent ounces ("AgEq"), consisting of 47 Million silver ounces, 493 Thousand gold

ounces, and 14 Million pounds of copper;

Initial capital costs of

$148 Million

, including

$19 Million

in contingency costs, over an expected 18 month build, additional expansion capital of

$69

Million

, and sustaining capital costs of

$72 Million

over the life of mine ("LOM");

Average LOM operating cash costs of

$8.15

/oz AgEq, and all in sustaining costs ("AISC") of

$9.02

/oz AgEq

Average annual production of 8 Million AgEq oz;

Approximately half of LOM metal production is long hole underground ("UG"), and approximately half is open pit ("OP") mining.

Highlights of the updated Mineral Resource:

Increase of 55% in Measured & Indicated Silver Equivalent ("AgEq") Ounces from initial

January 2021

MRE, with 39% increase in Measured &

Indicated AgEq grade;

Inclusion of 1.9 Million tonnes Measured & Indicated at excellent grade of 516 g/t AgEq in underground Eagle Deposit;

Measured & Indicated Mineral Resource at LRS of 98.6 Million ounces AgEq grading 276 g/t AgEq contained in 11.1 Million tonnes ("Mt");

Increased confidence in MRE, with conversion of approximately 9 Million ounces AgEq from initial

January 2021

Inferred Mineral Resources to

Measured & Indicated, resulting in 13.6 Million ounces AgEq in Inferred Mineral Resources at LRS grading 185 g/t AgEq contained in 2.3 Mt;

Total Los Ricos Measured & Indicated Mineral Resources of 186 Million ounces AgEq, including Los Ricos North

Total Los Ricos Inferred Mineral Resources of 84 Million ounces AgEq, including Los Ricos North

Table 2 – LRS PEA Key Economic Assumptions and Results

Assumption / Result

Unit

Value

Assumption / Result

Unit

Value

Total OP Plant Feed Mined

9,367

Net Revenue

US$M

2,049

Total UG Plant Feed Mined

4,325

Initial Capital Costs

US$M

148

Total Plant Feed Mined

13,692

Expansion Capital Costs

US$M

Operating Strip Ratio

Ratio

7.4

Sustaining Capital Costs

US$M

Silver Grade

g/t

125

OP Mining Costs

$/t Plant Feed

12.13

Gold Grade

g/t

1.18

UG Mining Costs

$/t Plant Feed

43.85

AgEq Grade

g/t

217

LOM Mining Costs

$/t Plant Feed

22.15

Silver Recovery

Operating Cash Cost

US$/oz AgEq

8.15

Gold Recovery

All in Sustaining Cost

US$/oz AgEq

9.02

Silver Price

US$/oz

23.75

Mine Life

Yrs

Gold Price

US$/oz

1,850

Average process rate

t/day

3,359

Copper Price

US$/lb

4.00

After-Tax NPV (5% discount)

US$M

458

Payable Silver Metal

Moz

46.8

Pre-Tax NPV (5% discount)

US$M

708

Payable Gold Metal

koz

493.1

After-Tax IRR

36.6

Payable Copper

Mlb

13.6

Pre-Tax IRR

49.1

Payable AgEq

Moz

87.5

After-Tax Payback Period

Yrs

2.3

1. Grades shown are LOM average process plant feed grades including both OP and UG sources. External dilution of approximately 10%

for OP material and 28% for UG material was incorporated in the mining schedule.

Los Ricos South Mineral Resource Estimate

The basis for the PEA is the Mineral Resource Estimate completed by P&E for the Los Ricos South Project located in Jalisco State,

Mexico

, which has an

effective date of

September 12, 2023

, which is available on SEDAR. A summary of the Mineral Resource Estimate is provided in Table 3.

Table 3: Los Ricos South Mineral Resource Estimate – Pit Constrained and Out-of-Pit

(1-9)

Mining Area

Category

Tonnes

Average Grade

Contained Metal

AuEq

AgEq

AuEq

AgEq

(M)

(g/t)

( %)

(g/t)

(koz)

(Mlb)

(koz)

Pit Constrained

Measured

3.9

1.08

142

0.03

2.94

231

135.9

17,858

2.3

369.1

28,898

Indicated

2.8

0.68

0.03

1.87

146

60.7

8,022

1.9

167.3

13,097

M&I

6.7

0.91

120

0.03

2.49

195

196.6

25,880

4.2

536.4

41,995

Inferred

0.5

0.58

0.04

1.91

150

9.6

1,632

0.4

31.4

2,460

Pit - Cerro C

Inferred

0.9

0.72

0.01

1.12

20.9

905

0.2

32.8

2,568

Out-of-Pit

7,8

Measured

0.7

3.60

298

0.35

7.94

621

80.7

6,679

5.4

178.1

13,940

Eagle

Indicated

1.2

3.13

164

0.37

5.79

453

117.5

6,176

9.5

217.5

17,028

M&I

1.9

3.30

214

0.36

6.59

516

198.2

12,855

15.0

395.6

30,969

Inferred

0.1

3.63

122

0.54

6.00

470

7.8

261

0.8

12.9

1,006

Out-of-Pit

7,8

Measured

1.1

1.22

194

0.06

3.79

297

44.7

7,093

1.6

138.8

10,865

Main

Indicated

1.4

1.58

178

0.21

4.18

327

71.5

8,013

6.6

188.4

14,753

M&I

2.5

1.42

185

0.15

4.00

313

116.2

15,106

8.1

327.2

25,618

Inferred

0.8

1.42

133

0.41

3.73

292

36.8

3,431

7.2

96.6

7,566

Total

Measured

5.7

1.42

172

0.07

3.72

291

261.4

31,631

9.3

686.0

53,703

Indicated

5.4

1.45

129

0.15

3.33

260

249.7

22,210

18.0

573.2

44,878

M&I

11.1

1.43

151

0.11

3.53

276

511.0

53,841

27.3

1,259.2

98,582

Inferred

2.3

1.02

0.17

2.36

185

75.0

6,230

8.6

173.7

13,601

Mineral Resources which are not Mineral Reserves do not have demonstrated economic viability. The estimate of Mineral Resources may be materially affected by environmental, permitting, legal, title, taxation, socio-political, marketing, or other relevant issues.

The Inferred Mineral Resource in this estimate has a lower level of confidence than that applied to an Indicated Mineral Resource and must not be converted to a Mineral Reserve. It is reasonably expected that the majority of the Inferred Mineral Resource could be upgraded

to an Indicated Mineral Resource with continued exploration.

The Mineral Resources in this news release were estimated in accordance with the Canadian Institute of Mining, Metallurgy and Petroleum (CIM), CIM Standards on Mineral Resources and Reserves, Definitions and Guidelines prepared by the CIM Standing Committee on

Reserve Definitions and adopted by the CIM Council.

Historically mined areas were depleted from the Mineral Resource model.

The pit constrained AgEq cut-off grade of 38 g/t Ag was derived from US$1,800/oz Au price, US$23.00/oz Ag price, 85% Ag and 95% Au process recovery, US$25/tonne process and G&A cost. The constraining pit optimization parameters were $2.10/t mineralized material

and waste mining cost, and 45-degree pit slopes.

Cerro Colorado Resource constrained to open pit mining methods only; out-of-pit Mineral Resources are restricted to the Eagle and Abra mineralized veins, which exhibit historical continuity and reasonable potential for extraction by cut and fill and longhole mining methods.

The out-of-pit AgEq cut-off grade of 130 g/t Ag was derived from US$1,800/oz Au price, US$23.00/oz Ag price, 85% Ag and 95% Au process recovery, US$33/tonne process and G&A cost, and a $50/tonne mining cost. The out-of-pit Mineral Resource grade blocks were

quantified above the 130 g/t AgEq cut-off, below the constraining pit shell and within the constraining mineralized wireframes. Out–of-Pit Mineral Resources are restricted to the Los Ricos and Rascadero Veins, which exhibit historical continuity and reasonable potential for

extraction by cut and fill and longhole mining methods.

AgEq and AuEq were calculated at an Ag/Au ratio of 78.2:1 for pit constrained and out-of-pit Resources.

Totals may not sum due to rounding.

Los Ricos North

During 2023, the Company completed an updated PEA at Los Ricos North. For 2024, the Company will assess all technical and debt financing proposals

that may allow the continued advancement of the project towards a construction decision, even during a potential construction phase of Los Ricos South

should a construction decision be made on that project.

The highlights of the PEA were previously announced in a news release dated

May 17, 2023

, and the effective date of the Report is

May 17, 2023

. See

that news release or the 43-101 compliant technical report filed on SEDAR on

June 30, 2023

for details, in addition to the following summary.

Highlights of the PEA, with a base case silver price of

US$23

/oz and gold price of

US$1,800

/oz are as follows (all figures in US dollars unless otherwise

stated):

After-Tax NPV (using a discount rate of 5%) of

$413 Million

with an After-Tax IRR of 29% (Base Case);

13-year mine life producing a total of 110.3 Million payable silver equivalent ounces ("AgEq"), consisting of 68.0 Million silver ounces, 221,700 gold

ounces, 22.8 Million pounds of copper, 144.1 Million pounds of lead and 242.2 Million pounds of zinc;

Initial capital costs of

$221 Million

, including

$29 Million

in contingency costs, over an expected 18 month build, additional expansion capital of

$137

Million

, and sustaining capital costs of

$6 Million

over the life of mine ("LOM");

Average LOM operating cash costs of

$9.50

/oz AgEq, and all in sustaining costs ("AISC") of

$9.68

/oz AgEq

Average annual production of 8.8 Million AgEq oz in years one through twelve;

Approximately 3/4 of LOM production is from four open pits containing oxide mineralization and approximately 1/4 is from a separate open pit which

contains only sulphide mineralization.

Table 4 – Los Ricos North PEA Key Economic Assumptions and Results

Assumption / Result

Unit

Value

Assumption / Result

Unit

Value

Total Oxide Feed Mined

25,557

Net Revenue

US$M

2,307

Total Sulphide Feed Mined

9,964

Initial Capital Costs

US$M

221

Total Plant Feed Mined

35,521

Expansion and Sustaining Capital Costs

US$M

143

Total Strip Ratio

Ratio

6.0

Mining Costs

$/t Mined

2.07

Mine Life

Yrs

Mining Costs

$/t Plant Feed

12.28

Average process rate

t/day

8,000

Operating Cash Cost

US$/oz AgEq

9.50

Silver Price

US$/oz

23.00

All in Sustaining Cost

US$/oz AgEq

9.68

Gold Price

US$/oz

1,800

After-Tax NPV (5% discount)

US$M

413

Copper Price

US$/lb

4.00

Pre-Tax NPV (5% discount)

US$M

645

Lead Price

US$/lb

1.00

After-Tax IRR

29.1

Zinc Price

US$/lb

1.40

Pre-Tax IRR

39.8

Payable AgEq

Moz

110.3

After-Tax Payback Period

Yrs

3.0

Table 5 – Los Ricos North PEA Summary of Physical Attributes

Attribute

Unit

Oxide

Sulphide

Total

Plant Feed Mined

25,557

9,964

35,521

Silver Grade

g/t

83.2

30.1

68.3

Gold Grade

g/t

0.29

0.07

0.23

Copper Grade

0.12

Lead Grade

0.87

Zinc Grade

1.24

Silver Recovery

Gold Recovery

Copper Recovery

Lead Recovery

Zinc Recovery

Payable Silver

Moz

59.5

8.5

68.0

Payable Gold

koz

205.2

16.5

221.7

Payable Copper

Mlb

22.8

Payable Lead

Mlb

144.1

Payable Zinc

Mlb

242.2

Payable AgEq

Moz

75.5

34.8

110.3

1. Grades shown are LOM average plant feed grades. Dilution of approximately 10% was used.

Los Ricos North – Mineral Resource Estimate

The basis for the PEA is the Mineral Resource Estimate completed by P&E in the National Instrument 43-101 Technical Report on the Initial Mineral

Resource Estimate for the Los Ricos North Project located in Jalisco State,

Mexico

, which has an effective date of

December 1, 2021

. A summary of the

Mineral Resource Estimate is provided in Table 6.

Table 6: Los Ricos North Mineral Resource Estimate

(1-11)

Deposit

Tonnes

Average Grade

Contained Metal

AuEq

AgEq

AuEq

AgEq

(Mt)

(g/t)

( %)

(g/t)

(koz)

(Mlb)

(koz)

Indicated:

El Favor

7.7

0.27

1.61

119

24,413

399

29,454

Casados

3.2

0.42

124

2.09

154

12,871

218

16,061

La Trini

3.1

0.54

1.54

114

7,428

155

11,424

Mololoa

0.4

0.36

130

2.12

157

1,788

2,161

Silver-Gold

Oxide Zone

14.5

0.37

100

1.71

127

171

46,500

801

59,100

El Orito Sulphide

Zone

7.8

0.06

0.11

0.88

1.33

1.55

114

7,011

151

229

389

28,708

Total Indicated

22.3

1.66

122

186

53,510

1,190

87,808

Inferred:

El Favor

12.4

0.27

1.47

108

106

35,505

587

43,350

Casados

1.8

0.35

108

1.82

135

6,323

106

7,843

La Trini

0.1

0.43

108

1.89

139

201

260

Mololoa

0.7

0.39

1.66

122

2,102

2,739

Silver-Gold

Oxide Zone

15.0

0.28

1.52

112

136

44,131

734

54,191

El Orito Sulphide

Zone

5.5

0.06

0.12

0.74

1.20

1.46

108

4,888

146

258

19,007

Total Inferred

20.5

1.51

111

148

49,019

992

73,198

El Orito is a silver-base metal sulphide zone, all other deposits are silver-gold oxide zones.

to an Indicated Mineral Resource with continued exploration.

on Reserve Definitions and adopted by the CIM Council and CIM Best Practices (2019).

Historically mined areas were depleted from the Mineral Resource model.

Approximately 98.9% of the Indicated and 91.3% of the Inferred contained AgEq ounces are pit constrained, with the remainder out-of-pit. See tables 4 and 6 for details of the split between pit constrained and out-of-pit deposits.

The pit constrained AgEq cut-off grade of 29 g/t Ag was derived from US$1,550/oz Au price, US$21/oz Ag price, US$3.66/lb Cu, US$0.90/lb Pb, US$1.26/lb Zn, 93% process recovery for Ag and Au, 90% process recovery for Cu, 80% process recovery for Pb and Zn,

US$18/tonne process and G&A cost. The constraining pit optimization parameters were US$2.00/t mineralized mining cost, US$1.50/t waste mining cost and 50-degree pit slopes.

The out-of-pit AuEq cut-off grade of 119 g/t Ag was derived from US$1,550/oz Au price, US$21/oz Ag price, US$3.66/lb Cu, US$0.90/lb Pb, US$1.26/lb Zn, 93% process recovery for Ag and Au, 90% process recovery for Cu, 80% process recovery for Pb and Zn, US$57/t

mining cost, US$18/tonne process and G&A cost. The out-of-pit Mineral Resource grade blocks were quantified above the 119 g/t AgEq cut-off, below the constraining pit shell within the constraining mineralized wireframes and exhibited sufficient continuity to be

considered for cut and fill and longhole mining

No Mineral Resources are classified as Measured.

10.

AgEq and AuEq calculated at an Ag/Au ratio of 73.8:1.

11.

Totals may not agree due to rounding

Los Ricos District – Combined Mineral Resource Estimate

The Los Ricos District, including both Los Ricos North and Los Ricos South, has a combined 186 million measured & indicated silver equivalent ounces and

84 million inferred silver equivalent ounces in Mineral Resource Estimates. See Figure 1 and Table 7 below for details.

Figure 1 – Los Ricos District Mineral Resources (CNW Group/GoGold Resources Inc.)

Table 7: Los Ricos Mineral Resources – LRS & LRN

(1-4)

Deposit

Tonnes

Average Grade

Contained Metal

AuEq

AgEq

AuEq

AgEq

(M)

(g/t)

( %)

(g/t)

(koz)

(Ml

)

(Ml

)

(Ml

)

(koz)

LRS Measured

5.7

1.42

172

0.07

3.72

291

261

31,631

686

53,703

Indicated:

LRN (Oxide)

14.5

0.37

100

1.71

127

171

46,500

801

59,100

LRS (Oxide)

5.4

1.45

129

0.15

3.33

260

250

22,210

573

44,878

LRN (Sulfide)

7.8

0.06

0.11

0.88

1.33

1.55

114

7,011

151

229

389

28,708

Total Indicated

27.7

1.98

149

436

75,721

151

229

1,763

132,686

Measured & Indicated

33.4

2.28

174

697

107,352

151

229

2,449

186,390

Inferred:

LRN (Oxide)

15.0

0.28

1.52

112

136

44,131

734

54,191

LRS (Oxide)

2.3

1.02

0.17

2.36

185

6,230

174

13,601

LRN (Sulfide)

5.5

0.06

0.12

0.74

1.2

1.46

108

4,888

146

258

19,007

Total Inferred

22.8

1.59

119

222

55,249

146

1,166

86,799

See Table 3 notes for assumptions

See Table 6 notes for assumptions

AgEq and AuEq calculated at an Ag/Au ratio of 87.5.

Totals may not agree due to rounding.

Mr. Robert Harris, P.Eng. is the qualified person as defined by National Instrument 43-101 and is responsible for the technical information of this release

related to Parral.

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

related to Los Ricos North and Los Ricos South.

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 mine in the

state of Chihuahua

and has the Los Ricos South and Los Ricos North

exploration projects 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

the 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 to download multimedia:

https://www.prnewswire.com/news-releases/gogold-provides-outlook-for-2024-parral-production-and-update-on-zinc-circuit-commissioning-302030998.html

SOURCE

GoGold Resources Inc.

View original content to download multimedia:

http://www.newswire.ca/en/releases/archive/January2024/10/c6068.html

%SEDAR: 00029249E

For further information:

please contact: Steve Low, Corporate Development, GoGold Resources Inc., T: 416 855 0435, Email :

[email protected] Or visit : www.gogoldresources.com

CO: GoGold Resources Inc.

CNW 07:00e 10-JAN-24

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