Goldgroup Appoints John McClintock as Chief Executive Officer

Goldgroup Appoints John McClintock as Chief Executive Officer

Vancouver, British Columbia (November 15, 2021) – Goldgroup Mining Inc. (“Goldgroup” or the “Company”)

(TSX:GGA, OTC:GGAZF, BMV SIX:GGAN.MX) announces the appointment of Mr. John McClintock as the

Company’s Chief Executive Officer (“CEO”) effectively immediately. Anthony Balic, the previous Interim CEO, will

continue as the Company’s Chief Financial Officer.

Mr. McClintock has over 14 years of international and domestic experience in capital markets within the mining and

metals industry. Mr. McClintock began his career in investment banking and equity research in Toronto prior to

relocating to the UK to w ork in fixed income and mergers and acquisitions with Pareto Secur ities S.A , where he

focused on sourcing and structuring high-yield debt, syndicated loan facilities and equity capital raises. During his

eight years in investment banking, Mr. McClintock arranged in excess of USD $700 million of funding for mining

companies. Mr. McClintock holds a MSc in Mineral & Energy Economics from Curtin University, Perth, Australia.

"On behalf of the Goldgroup Board of Directors, I am very pleased to welcome Mr. McClintock as the new CEO,"

said Corry Silbernagel, Director. "We are excited by his commitment to continue executing Goldgroup’s key strategic

priorities and growth strategy."

About Goldgroup

Goldgroup is a Canadian -based go ld production, development, and explora tion Company with a significant upsi de

in a portfolio of projects in Mexico, in cluding an interest in DynaRe source de Mexico, S.A. de C.V., which owns

100% of the high -grade gold exploration project, San José de Graci a, located in the State of Sinaloa. In addition, the

Company operates its 100%-owned Cerro Prieto heap-leach gold mine, in the State of Sonora, Mexico.

Goldgroup is led by a team of highly successful and seasoned individuals w ith extensive expertise in mi ne

development, corporate finance, and exploration in Mexico. Goldgroup’s m ission is to increase gold production,

mineral resources, profitability and cash flow, with a view to building a leading gold producer.

For further information on Goldgroup, please visit www.goldgroupmining.com

On behalf of the Board of Directors

Investor Relations

Toll Free: 1-877-655-ozAu (6928)