Goldgroup Announces Increased Gold Production in 2016 With Continued Expansion in 2017

VANCOUVER, March 2, 2017 /CNW/ – Goldgroup Mining Inc. (“Goldgroup” or the “Company”) (TSX:GGA, OTC:GGAZF, BMV SIX:GGAN.MX) announces increased gold production in 2016 with plans for continued expansion in 2017 for Cerro Prieto.

On April 1, 2016, the Cerro Prieto mine achieved its main commercial production criteria of over 1,200 oz gold production per month consistently over a two-month period. This was achieved by better utilization of crushing and pad capacity by management.  During the year ended December 31, 2016, Cerro Prieto produced approximately 15,608 ounces of gold.

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