Recent Updates — GGAZD

Goldgroup Mining Inc. completed a strategic investment in Luca Mining Corp through a bought-deal private placement of subscription receipts on October 14, 2026. The company acquired 101,123,662 subscription receipts at C$1.00 per unit for an aggregate investment of C$101,123,662. Upon conversion following Luca's proposed acquisition of the Cozamin Mine, Goldgroup will hold approximately 19.9% of Luca's issued and outstanding shares on a non-diluted basis. The transaction includes an investor rights agreement granting Goldgroup board nomination rights for two directors and participation in future equity financings to maintain its pro rata ownership. Goldgroup Mining Inc. is a precious-metals producer with four wholly owned assets in Mexico and the United States.

Goldgroup Mining Inc. has completed a C$101,123,662 strategic investment in Luca Mining Corp. through the acquisition of 101,123,662 subscription receipts at C$1.00 each. The transaction closes on October 14, 2026, and positions Goldgroup to hold approximately 19.9% of Luca’s issued shares upon conversion, contingent on Luca's acquisition of the Cozamin Mine. Under an investor rights agreement, Goldgroup retains rights to participate in future equity financings and nominate two directors to Luca’s board. Goldgroup Mining Inc. is a precious-metals producer with four wholly owned assets in Mexico and the United States.

Goldgroup Mining Inc. closed a non-brokered private placement, issuing 33,382,326 units at US$3.65 each for gross proceeds of US$121,845,490. The offering exceeded the initial target by over 60%, with each unit comprising one common share and a half warrant exercisable at US$5.10 until March 2028. Proceeds will support working capital, project advancement, and potential M&A. Goldgroup Mining Inc. is a precious-metals producer operating mines in Mexico and the United States.

Goldgroup Mining closed a non-brokered private placement of 33,382,326 units at US$3.65 per unit for gross proceeds of approximately US$121.8 million. The company also entered into a binding commitment to invest US$75 million in Luca Mining Corp., which will result in an approximate 19.9% ownership stake following Luca's acquisition of the Cozamin Mine. Goldgroup intends to fund these activities from existing cash resources, including proceeds from the recent equity raise. Goldgroup Mining Inc. is a precious-metals producer with assets in Mexico and the United States.

Goldgroup Mining Inc. filed an updated NI 43-101 technical report for its San Francisco Project in Mexico on July 20, 2026, which added an author and form updates but confirmed no changes to the mineral resource estimate. On July 23, the company provided a corporate update following its merger with Gold Resource Corporation, highlighting aggressive exploration at Don David Mine (over 23,000 meters drilled year-to-date), drilling at San Francisco for a potential late-2026 restart, and feasibility studies for the Back Forty Project in Michigan. On July 27, the board announced that Chair Javier Reyes has been appointed Interim Chief Executive Officer effective immediately while searching for a permanent CEO. Allen Palmiere is transitioning from President and CEO to an advisory capacity. Goldgroup Mining Inc. operates as a precious metals mining company with producing assets and development projects in Mexico and Michigan.