Goldgroup Mining Inc. (GGA:CA)

Goldgroup Mining Inc. ("Goldgroup") is a well-funded Canadian-based mining & metals company focused on gold exploration and production in Mexico, one of the world's best mining jurisdictions. Goldgroup's goal is to produce +200,000 oz Au per year through organic growth within three years from the Company's three main assets: Caballo Blanco, San Jose de Gracia and Cerro Colorado. The company's flagship project includes the 70% interest in the Caballo Blanco project located in Veracruz, Mexico.



Goldgroup's 100% ownership of the Cerro Colorado mine and its interests in its advanced stage projects represents an estimated mineral resource (NI 43-101 compliant) totalling approximately 1 million oz Au plus the potential to considerably increase these estimated resources from its portfolio of highly prospective properties. Goldgroup is led by a team of highly successful individuals with extensive expertise in exploration, corporate finance, and mine development in Mexico. Goldgroup is listed on the Toronto Stock Exchange under the symbol "GGA" and on the OTCBB under the symbol "GGAZF".
Project Overviews:

1. Caballo Blanco

• Acquired a 70% interest in November 2009
• Resource yields 656,000 oz Au (GGA 70% Earn-In = 459,000 oz Au)
• Resource calculation based on 34.3m tonnes @ Avg grade of 0.60 g/t Au
• Significant potential to increase ounces in multiple anomalies
• NI 43-101 Technical Report complete on La Paila anomaly only
• La Paila anomaly (900 x 450m) has 32 diamond drill holes to date (maximum strike depth of 334 metres)
• Drill hole intersections range from 216 metres of 0.6 g/t Au and the highest being 94.5 metres @ 2.09 g/t Au
• 30,000 metre multi-million dollar multi-drill program underway
• Deposit open on all sides
• Bottle roll tests yielded recoveries of 88% -100%

• Completed 50% Earn-In with Dyna Resource Inc. in March 2011
• Historic production of over 1,000,000 oz Au with potential for further multi-million ounces of Au
• Much of the historical production is from high-grade veins between 1-2 oz Au/t (30-60 g/t)
• Significant potential for ~10g Au/t over 5-10m wide in quartz stockwork

• 2011 Projected production - 25,000 oz Au
• Measured and Indicated Mineral Resource: 170,000 oz Au
• Inferred Mineral Resource: 74,000 oz Au
• Resources are sufficient for a 5 year mine life based on current production levels
• A new crusher is planned to increase recoveries
• Exploration is ongoing to increase resource

• Goldgroup signed an agreement with Goldcorp in 2007 to earn up to a 70% interest under the following terms:
• $1 million exploration expenditure over 3 years earns a 50% interest
• Further $500,000 exploration expenditure over another 2 years earns an additional 20% interest
• Goldcorp has a subsequent back-in option to increase its interest from 30% to 60% by spending $3 million over 3 years
• Low sulphidation epithermal vein system similar to Goldcorp’s Tayoltita mine with veins up to 35m wide and up to 2km in length in three main areas
• Property has Tayoltita-like mineralization