Goldgroup Completes Acquisition of Fully Permitted, Advanced-Stage Pinos GOLD Project in Mexico
GOLDGROUP COMPLETES ACQUISITION OF FULLY PERMITTED,
ADVANCED-STAGE PINOS GOLD PROJECT IN MEXICO
July 3, 2025, Vancouver, British Columbia, Goldgroup Mining Inc. (“Goldgroup” or the “Company”) (TSX-
V:GGA, OTC:GGAZF) is pleased to report that it has closed the previously announced acquisition of a 100%
interest in the fully permitted for construction Pinos gold/silver project located in the highly productive
Zacatecas gold and silver mining belt. Zacat ecas is the second largest mining state in Mexic o and the
location of several world-renowned operations including Newmont’s Peñasquito and Capstone’s Cozamin
mines. (See new releases dated March 7, 2025, January 16, 2025, and August 14, 2024).
Pinos comprises 30 contiguous mining concessions over 3,816 hectares and hosts l ow-sulphidation
epithermal gold and silver vein systems within primary structures related to major regional shears ,
including multiple high-grade vein structures. Additionally, there is a larger-scale mineralized stockwork
target with open-pit potential. Historical production records from 1900 to 1942 show high grade ore being
shipped from Pinos with grades ranging up to 80 g/t gold (September 2018 NI 43-101 Preliminary Economic
Assessment available atSedar.com on profile of Candelaria Mining Corp.) . The project benefits from
excellent infrastructure with paved road access to the site, available power and water, and proximity to
skilled labor and mining services.
Ralph Shearing, CEO, commented, “We recognized Pinos as a unique opportunity to acquire a largely de-
risked, fully permitted, past producing underground gold mine offering published resources, development
potential and exploration upside. Our team excels at recognizing quality undervalued assets and
advancing them to their full potential, and we look forward to achieving this with Pinos.”
The Company’s immediate plan for the Pinos asset is to update the 2018 Preliminary Economic
Assessment (PEA) with the objective of determining potential economics in the current robust gold and
silver market and thereafter, advancing the project towards a production decision.
The 2018 PEA was based solely on the Cinco Estrellas vein, which is open in all directions . In addition,
there are multiple other vein targets existing on the project, all presenting significant resource expansion
potential. A near mine drill campaign is being planned to assess resource expansion and test additional
exploration targets
The Company has received approval from the TSX -V for the Pinos acquisition and the transaction is now
closed.
About Goldgroup Mining Inc.
Goldgroup Mining is a Canadian-based mining company operating the Cerro Prieto heap-leach gold mine
in Sonora, Mexico. In addition to its producing asset, the company has acquired a 100% interest in the
Pinos Project, a fully permitted, high-grade gold deposit with a completed Preliminary Economic
Assessment (PEA). The company is led by a team of seasoned professionals with extensive expertise in
mine development, corporate finance, and exploration in Mexico.
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Ralph Shearing, PGeol. (Alberta) a qualified person under NI 43-101 and, CEO of the Company, has
reviewed and approved the technical disclosure contained in this news release.
For further information on Goldgroup, please visit www.goldgroupmining.com
On behalf of the Board of Directors
On behalf of the Board of Directors
Ralph Shearing
CEO
+1 (604) 764-0965
Sophia Shane
Investor Relations
+1 (604) 306 6867
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press
release.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION
Certain information contained in this news release, including any information relating to future financial
or operating performance, may be considered “forward- looking information” (within the meaning of
applicable Canadian securities law) and “forward-looking statements” (within the meaning of the United
States Private Securities Litigation Reform Act of 1995). These statements relate to analyses and other
information that are based on forecasts of future results, estimates of amounts not yet determinable and
assumptions of management. Actual results could differ materially from the conclusions, forecasts and
projections contained in such forward-looking information.
These forward-looking statements reflect Goldgroup’s current internal projections, expectations or beliefs
and are based on information currently available to Goldgroup. In some cases forward-looking information
can be identified by terminology such as “may”, “will”, “should”, “expect”, “intend”, “plan”, “anticipate”,
“believe”, “estimate”, “projects”, “potential”, “scheduled”, “forecast”, “budget” or the negative of those
terms or other comparable terminology. Such forward- looking statements involve known and unknown
risks, uncertainties and other factors which may cause actual results, performance or achievements to be
materially different from any future results, performance or achievements expressed or implie d by the
forward-looking statements.
Forward-looking information is subject to a variety of known and unknown risks, uncertainties and other
factors that could cause actual events or results to materially differ from those reflected in the forward-
looking information, and are developed based on assumptions about such risks, uncertainties and other
factors including, without limitation: receipt of all required stock exchange and regulatory approvals in
connection with the Private Placement and the business of the Company ; the completion of the Private
Placement as planned; the proposed use of proceeds raised pursuant to the Private Placement and the
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Company’s plans at the Cerro Prieto project; the scope, duration and impact of the COVID -19 pandemic;
the scope, duration and impact of regulatory responses to the pandemic on the employees, business and
operations; uncertainties related to actual capital costs operating costs and expenditures; production
schedules and economic returns from Goldgroup’s projects; uncertainties associated with development
activities; uncertainties inherent in the estimation of mineral resources and precious metal recoveries;
uncertainties related to current global economic conditions; fluctuations in precious and base metal prices;
uncertainties related to the availability of future financing; potential difficulties with joint venture
partners; risks that Goldgroup’s title to its property could be challenged; political and country risk; risks
associated with Goldgroup being subject to government regulation; risks associated with surface rights;
environmental risks; Goldgroup’s need to attract and retain qualified personnel; risks associated with
potential conflicts of interest; Goldgroup’s lack of experience in overseeing the construction of a mining
project; risks related to the integration of businesses and assets acquired by Goldgroup; uncertainties
related to the competitiveness of the mining industry; risk associated with theft; risk of water shortages
and risks associated with competition for water; uninsured risks and inadequate insurance coverage; risks
associated with potential legal proceedings; risks associated with community relations; outside contractor
risks; risks related to archaeological sites; foreign currency risks; risks associated with security and human
rights; and risks related to the need for reclamation activities on Goldgroup’s properties, as well as the risk
factors disclosed in Goldgroup’s Annual Information Form and MD&A. Any and all of the forward-looking
information contained in this news release is qualified by these cautionary statements.
Although Goldgroup believes that the forward-looking information contained in this news release is based
on reasonable assumptions, readers cannot be assured that actual results will be consistent with such
statements. Accordingly, readers are cautioned against placing undue reliance on forward- looking
information. Goldgroup expressly disclaims any intention or obligation to update or revise any forward-
looking information, whether as a result of new information, events or otherwise, except as may be
required by, and in accordance with, applicable securities laws.