Goldgroup Mining Inc.

Goldgroup Mining Inc. is a Canada-based gold production, development and exploration company. The Company is focused on exploring and developing production from its two assets: San Jose de Gracia in Sinaloa and Cerro Prieto mine. San Jose de Gracia project, which is in the northeast portion of Sinaloa State, Mexico, approximately 120 kilometers (kms) northeast of the coastal city of Los Mochis, straddling the Chihuahua border. The property consists of approximately 34 mineral concessions covering approximately 69,000 hectares. The Cerro Prieto Property, located in the Cucurpe Mining District, Sonora, Mexico, is comprised of the San Felix (205 ha), San Francisco (10 ha), Elba (5.82 ha), Huerta de Oro (20 ha), Reyna de Plata (9.79 ha), Cerro Prieto North (2,508 ha) and Argonauta 6 (4,120 ha) mineral concessions. The Cerro Prieto Property is 52 road kilometers from the regional center of Magdalena de Kino and approximately 150 kms northeast of the City of Hermosillo.