GoldMining Inc. announced plans for advancing the Rea uranium project (the "Rea Project" or the ?Project?), Western Athabasca Basin, Alberta, Canada. The Rea Project is owned 75% by the Company and 25% by Orano Canada Inc. (?Orano?). The large land package of approximately 125,328 hectares surrounds Orano?s high-grade Dragon Lake deposit on the Maybelle River project.

World-class uranium deposits located 60 km to the southeast of the Rea Project include Fission Uranium Corp.?s (?Fission?) Triple R deposit and NexGen Energy Inc.?s (?NexGen?) Arrow deposit which are currently in development. The Rea Project2 consists of 16 contiguous exploration permits covering approximately 125,328 hectares surrounding Orano?s Maybelle River project, which hosts the relatively shallow, Dragon Lake deposit. The Rea Project is located approximately 175 km north-northwest of Fort McMurray, Alberta, which is serviced daily by commercial flights from Edmonton and Calgary.

Access to the Project is by winter roads connecting Fort McKay and Fort Chipewyan, or by charter flights. Historic exploration programs were completed by Eldorado Nuclear Ltd. and Uranerz Exploration and Mining Limited from the mid-1970?s to the late 1990?s on ground now mostly covered by the Rea Project. The programs included various geochemical surveys, boulder prospecting, airborne and ground geophysics and diamond drilling (137 drill holes totaling 28,751 m).

These programs led to the discovery of Orano?s Dragon Lake deposit in 1988. Since that time, Orano has maintained a narrow zone of permits that cover the north to southwest trending electromagnetic (?EM?) conductor that is directly associated with the Dragon Lake deposit. The deposit was discovered in 1988 and published high-grade drill intersections include 17.7% U3O8 over 5 m in MR-39 and 4.7% U3O8 over 1.7 m in MR-34.

In 2005, a large land package surrounding the entire Maybelle River project was acquired by BGC. BGC was acquired by Brazil Resources in 2013. Brazil Resources was subsequently renamed GoldMining Inc. in 2016.

Rea Project exploration programs completed during the period from 2005 to 2012 included airborne magnetics, Time Domain Electromagnetics ("TDEM"), gravity, ground geophysics and diamond drilling (8 drill holes totaling 1,908 m). The programs were successful in mapping the continuation of the TDEM conductor that is associated with the MRSZ and the Dragon Lake deposit. The conductor propagates both northwards and southwards onto the Rea Project claims. In addition, several parallel conductors were located to the east and west of the Maybelle prospect.

The focus of the 2016 ground TDEM survey focused on one of these conductors defining an anomaly that is located 2 km west of the main MRSZ and Orano?s high-grade Dragon Lake deposit. High-grade uranium discoveries by Fission and NexGen located along a regional shear zone in the Patterson Lake area highlights the potential for large shear zones, such as the MRSZ on the Rea Project, to host multiple deposits. The Company is currently refining and prioritizing exploration targets and expects to announce details with respect to its exploration plans at the Project in the coming months.

Tim Smith, P. Geo., Vice President Exploration of GoldMining, has supervised the preparation of and approved the scientific and technical information contained herein. Mr. Smith is a qualified person defined in National Instrument 43-101 Standards of Disclosure for Mineral Projects (?NI 43-101?).