Goldgroup Provides Update in Respect of Majority Voting Policy

Goldgroup Provides Update in Respect of Majority Voting Policy

Vancouver, British Columbia (August 16, 2019) – Goldgroup Mining Inc. (“Goldgroup” or the “Company”)

(TSX:GGA, OTC:GGAZF, BMV SIX:GGAN.MX) announces that further to its Annual General Meeti ng of

Shareholders (“AGM”) of the Company held on July 31, 2019, directors Keith Piggot t and Harry Burgess have not

tendered their resignations as directors pursuant to the Company’s Majority Voting Policy , due t o mitigating

circumstances which have been communicated to the TSX. As required by the TSX, the Company’s Majority Voting

Policy requires a d irector who receives more “withheld” votes than “for” votes in the election of directors to

immediately tender his or her resignation as a director. Please refer to the Company’s news release of August 2, 2019

for details of the AGM votes.

About Goldgroup

Goldgroup is a Canadian-based gold production, development, and exploration Company with a significant upside in

a portfolio of projects in Mexico and Ecuador, i ncluding a 50% interest in DynaRes ource de Mexico, S.A. de C.V.,

which owns 100% of the high -grade gold exploration project, San José de Gracia loca ted in the State of Sinaloa. The

Company operates its 100% -owned Cer ro Prieto heap -leach gold mine, in the S tate of Sonora, Mexico, and is

continuing the environmental assessment and permitting processes to advance to production the El Mozo property in

Ecuador.

Goldgroup is led by a team of highly successful and seasoned individuals with extensive expertise in mine

development, corporate financ e, and exploration in Mexico and Ecuador. Goldgroup's mission 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)