GOLD.TO · 2019-01-09 12:00:00

GoldMining Inc. - Share Purchase Warrant Expiry and Delisting

Share Capital & Compensation

GoldMining Inc. - Share Purchase Warrant Expiry and

Delisting

VANCOUVER

Jan. 9, 2019

/CNW/ - GoldMining Inc. (the "Company" or "GoldMining") (TSX: GOLD; OTCQX: GLDLF)

announces the expiry and delisting of its share purchase warrants ("Warrants"), which had an exercise price of

$0.75

per

common share and an expiry date of

December 31, 2018

, from the Toronto Stock Exchange and OTCQX.

The Company has 137,376,318 shares issued and outstanding. Currently, the Company has cash of

$9.2 million

and no

debt.

Amir Adnani

, Chairman of GoldMining, commented: "Our currently budgeted expenditures for 2019 are approximately

million

. These will be focused on low-cost project development activities, particularly at our São Jorge project in Pará

State,

Brazil

, and

Yellowknife

project in the

Northwest Territories

, Canada. Our gold project portfolio presently stands

at global measured and indicated resources of 9.5 million ounces gold (12.4 million ounces gold equivalent) and inferred

resources of 11.7 million ounces gold (14.2 million ounces gold equivalent) (see Table below for details). We remain

attentive to the pursuit of further accretive and quality acquisitions."

About GoldMining Inc.

GoldMining is a public mineral exploration company focused on the acquisition and development of gold assets in the

Americas. Through its disciplined acquisition strategy, GoldMining now controls a diversified portfolio of resource-stage

gold and gold-copper projects in

Canada

U.S.A.

Brazil

Colombia

and Peru. Additionally, GoldMining owns a 75%

interest in the Rea Uranium Project, located in the

Western Athabasca

Basin of

Alberta, Canada

GoldMining's Global Measured, Indicated and Inferred Resource Statement

1,2

Deposit

Cut-off

(g/t)

Tonnage

(Mt)

Grade

Contained Metal

Gold

(g/t)

Silver

(g/t)

Copper

(%)

Gold Eq

(g/t)

Gold

(Moz)

Silver

(Moz)

Copper

(Mlbs)

Gold Eq

(Moz)

Measured Resources

Titiribi

0.3

51.60

0.49

0.17

0.78

0.820

195.1

1.290

Indicated Resources

Titiribi

0.3

234.20

0.51

0.09

0.65

3.820

459.3

4.930

Sao Jorge

0.3

14.42

1.54

0.715

Cachoeira

0.35

17.47

1.23

0.692

Whistler

0.3

110.28

0.50

1.76

0.14

0.79

1.765

6.130

343.1

2.797

La Mina

0.25

28.17

0.74

1.77

0.24

1.12

0.667

1.607

150.2

1.013

Crucero

0.4

30.65

1.00

0.993

8.651

7.737

952.7

11.080

Measured and Indicated Resources

Total

9.471

7.737

1,147.8

12.370

Inferred Resources

Titiribi

0.3

207.90

0.49

0.02

0.51

3.260

77.9

3.440

Sao Jorge

0.3

28.19

1.14

1.035

Cachoeira

0.35

15.67

1.07

0.538

Whistler

0.3/0.6

311.26

0.47

2.26

0.11

0.68

4.626

22.617

713.5

6.731

La Mina

0.25

12.39

0.65

1.75

0.27

1.07

0.260

0.697

73.3

0.427

Boa Vista

0.5

8.47

1.23

0.336

Surubim

0.3

19.44

0.81

0.503

Crucero

0.4

35.78

1.00

1.147

Total

11.705

23.311

794.5

14.157

Table Notes:

Mineral resources are not mineral reserves and do not have demonstrated economic viability. There is no certainty that all or any part of the mineral resources will be converted into mineral reserves. The

estimate of mineral resources may be materially affected by environmental permitting, legal, title, taxation, sociopolitical, marketing or other relevant issues.

All quantities are rounded to the appropriate number of significant figures; consequently, sums may not add up due to rounding.

Gold cut-off for all projects except for Whistler, which is gold equivalent cut-off.

Notes for Titiribi:

•

Based on technical report titled "Technical Report on the Titiribi Project Department of Antioquia, Colombia" prepared by Joseph A. Cantor and Robert E. Cameron of Behre Dolbear & Company (USA),

Inc., with an effective date of September 14, 2016, which is available at

www.sedar.com

under GoldMiningꞌs SEDAR profile.

•

Gold equivalent estimated for the Titiribi deposit assumes metal prices of US$1,300/oz gold and US$2.90/lb copper and recoveries of 83% for gold and 90% for copper.

Notes for Sao Jorge:

•

Based on technical report titled "Technical Report and Resource Estimate on the São Jorge Gold Project, Pará State, Brazil" prepared by Porfirio Rodriguez and Leonardo de Moraes of Coffey Mining Pty

Ltd. ("Coffey"), with an effective date of November 22, 2013, which is available at

www.sedar.com

under GoldMiningꞌs SEDAR profile.

Notes for Cachoeira:

•

Based on technical report titled "Technical Report and Resource Estimate on the Cachoeira Property, Pará State, Brazil" prepared by Gregory Z. Mosher, P.Geo. of Tetratech, Inc. with an effective date

of April 17, 2013 and amended and re-stated October 2, 2013, which is available at

www.sedar.com

under GoldMiningꞌs SEDAR profile.

Notes for Whistler:

•

Based on technical report titled "Technical Report on the Whistler Project" prepared by Gary Giroux of Giroux Consultants Inc., with an effective date of March 24, 2016, which is available at

www.sedar.com

under GoldMiningꞌs SEDAR profile.

•

The Whistler Project is comprised of three deposits: Whistler, Raintree West and Island Mountain.

•

Gold equivalent estimated for the Whistler deposit assumes metal prices of US$990/oz gold, US$15.40/oz silver and US$2.91/lb copper and recoveries of 75% for gold and silver and 85% for copper.

•

Gold equivalent estimated for the Raintree West deposit assumes metal prices of US$1,250/oz gold, US$16.50/oz silver and US$2.10/lb copper and recoveries of 75% for gold, 85% for copper and 75%

for silver.

•

Gold equivalent estimated for the Island Mountain deposit assumes metal prices of US$1,250/oz gold, US$16.50/oz silver and US$2.10/lb copper and recoveries of 75% for gold, 85% for copper and

25% for silver (recovered in copper concentrate).

•

A gold equivalent cut-off of 0.3 g/t was highlighted in the estimate as a possible open pit cut-off (Whistler, Raintree-shallow and Island Mountain), and a gold equivalent cut-off of 0.6 g/t was highlighted

in the estimate as a possible underground cut-off (Raintree-deep).

Notes for La Mina:

•

Based on technical report titled "Technical Report on the La Mina Project" prepared by Scott E. Wilson, C.P.G. of Metals Mining Consultants, Inc. ("MMC") with an effective date of October 24, 2016,

which is available at

www.sedar.com

under GoldMiningꞌs SEDAR profile.

•

Gold equivalent estimated for the La Mina project assumes metal prices of US$1,275/oz gold, US$17.75/oz for silver and US$2.75/lb for copper and recoveries of 93% for gold and 90% for copper.

Notes for Boa Vista:

•

Based on technical report titled "Technical Report on the Boa Vista Project and Resource Estimate on the VG1 Prospect, Tapajos Area, Para State, Northern Brazil" prepared by Jim Cuttle, Gary Giroux

and Michael Schmulian, with an effective date of November 22, 2013, which is available at

www.sedar.com

under GoldMiningꞌs SEDAR profile.

10.

Notes for Surubim:

•

Based on technical report titled "Technical Report on the Rio Novo Gold Project and Resource Estimate on the Jau Prospect, Tapajos Area, Para State, Northern Brazil" ("Surubim Project") prepared by

Jim Cuttle and Gary Giroux, with an effective date of November 22, 2013, which is available at

www.sedar.com

under GoldMiningꞌs SEDAR profile.

11.

Notes for Crucero:

•

Pit constrained resource estimate based on US$1,500/oz gold, mining cost of US$1.60/t, processing cost of US$16.00/t and pit slope of 47 degrees.

•

A technical report documenting the Crucero resource estimate, amongst other items, will be filed in due course and will be available at

www.sedar.com

under GoldMining's SEDAR profile.

The above global estimated resource statement is provided for information purposes only. Investors should refer to the

underlying technical reports referenced above for project-specific factors relating to each resource estimate.

Technical Disclosure

Investors are cautioned not to assume that any part or all of the mineral deposits in the "measured", "indicated" and

"inferred" categories will ever be converted into mineral reserves with demonstrated economic viability or that inferred

mineral resources will be converted to the measured and/or indicated categories through further drilling. In addition, the

estimation of inferred resources involves far greater uncertainty as to their existence and economic viability than the

estimation of other categories of resources. Under Canadian rules, estimates of Inferred Mineral Resources may not

form the basis of pre-feasibility or feasibility studies.

Paulo Pereira

, President of GoldMining Inc. has reviewed and approved the technical information contained in this news

release. Mr. Pereira holds a Bachelors degree in Geology from Universidade do Amazonas in

Brazil

, is a Qualified

Person as defined in National Instrument 43-101 and is a member of the Association of Professional Geoscientists of

Ontario

Forward-looking Statements

This document contains certain forward-looking statements that reflect the current views and/or expectations of the

Company with respect to its business and future events, including expectations respecting budgeted expenditures and

its acquisition strategy. Forward-looking statements are based on the then-current expectations, beliefs, assumptions,

estimates and forecasts about the business and the markets in which it operates. Investors are cautioned that all

forward-looking statements involve risks and uncertainties, including: the inherent risks involved in the exploration and

development of mineral properties, the potential for delays in exploration or development activities, accidents and

equipment breakdowns, title and permitting matters, labour and other legal disputes, fluctuating metal prices,

unanticipated costs and expenses and uncertainties relating to the availability and costs of financing needed in the

future. These risks, as well as others, including those set forth in the Company's annual information form for the year

ended

November 30, 2017

and other filings with Canadian securities regulators, which are available under the

Company's profile at

www.sedar.com

, could cause actual results and events to vary significantly. Accordingly, readers

should not place undue reliance on forward-looking statements and information. There can be no assurance that

forward-looking information, or the material factors or assumptions used to develop such forward-looking information,

will prove to be accurate. The Company does not undertake any obligations to release publicly any revisions for

updating any voluntary forward-looking statements, except as required by applicable securities law.

View original content:

http://www.prnewswire.com/news-releases/goldmining-inc---share-purchase-warrant-expiry-and-delisting-300775294.html

SOURCE

GoldMining Inc.

View original content:

http://www.newswire.ca/en/releases/archive/January2019/09/c1393.html

%SEDAR: 00025119E

For further information:

GoldMining Inc., Amir Adnani, Chairman; Garnet Dawson, CEO, Telephone: (855) 630-1001,

Email: [email protected]

CO: GoldMining Inc.

CNW 08:30e 09-JAN-19

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