Goldgroup Provides a Legal Update

https://www.goldgroupmining.com/news/news-releases/2017/goldgroup-provides-a-legal-update

Vancouver, British Columbia (September 22, 2017) – Goldgroup Mining Inc. (“Goldgroup” or the “Company”) (TSX:GGA, OTC:GGAZF, BMV SIX:GGAN.MX) would like to provide a legal update in regards to DynaResource, Inc.’s (“DynaUSA”) award in excess of USD$48 million in damages against the Company. On August 24, 2017, a Federal Amparo judge in the state of Veracruz, Mexico, dismissed Goldgroup Resources Inc.’s Amparo challenge. Goldgroup’s position in response to the USD$48 million claim remains the same with its previous press release (see Goldgroup’s August 31, 2016 and October 14, 2015 press releases). Goldgroup was never notified of the purported court case, and does not recognize any of the claims mentioned therein and is of the belief that such claims are entirely without merit. More importantly, the Company expects the claim to be voided at the Mexican Supreme Court level due to the unambiguous arbitration result in favor of Goldgroup in August, 2016.

“We remain confident in our position and expect that we will get favorable resolution in all current legal proceedings and regain control of San Jose de Gracia,” said Keith Piggott, Chairman, President and CEO of Goldgroup, “We’ll continue to work towards the enforcement of the favorable results and award from the conclusion of the arbitration between Goldgroup and Dyna USA” (see press release on August 31, 2016).

DynaResource, Inc. Announces News Release Issued by DynaResource De México, S.A. De C.V.

http://news.morningstar.com/all/access-wire/ASWAccesswire475604MSN/dynaresource-inc-announces-news-release-issued-by-dynaresource-de-mxico-sa-de-cv.aspx

RVING, TX / ACCESSWIRE / September 18, 2017 / (OTCQB: DYNR; “DynaUSA”) reports that DynaResource de México SA de C.V. (“DynaMéxico”), the 100% owner of the San Jose de Gracia high-grade gold project, located in the County of Sinaloa de Leyva, State of Sinaloa, México, issued a news release dated Sept. 15, 2017, announcing the favorable ruling for DynaMéxico against Goldgroup Resources Inc. in an Amparo Trial (an appellate ruling) in the State of Veracruz, México. Goldgroup Resources Inc. is reported to be 100% owned by Goldgroup Mining Inc., Vancouver, BC Canada.

DynaResource De México S.A. De C.V. Wins Amparo Trial Against Goldgroup Resources Inc.

https://www.newswire.com/news/dynaresource-de-m-xico-s-a-de-c-v-wins-amparo-trial-against-goldgroup-19940607

DynaResource de México SA de C.V. (“DynaMéxico”), the 100% owner of the San José de Gracia High Grade Gold Project in northern Sinaloa México announces that on August 24, 2017, a Federal Amparo Judge (“Juzgado de Distrito”) in the State of Veracruz, Mexico dismissed Goldgroup Resources Inc.’s Amparo Trial challenge to the $48 million USD damages award previously granted in favor of DynaMéxico. Pursuant to the ruling issued by the Federal Amparo Judge, the $48 M damages award – previously granted to DynaMéxico by the Thirty-Sixth Civil Court of the Superior Court of Justice of the Federal District of Mexico on October 5, 2015 – was effectively confirmed.

In the Federal Amparo Court, Goldgroup Resources Inc. (“Goldgroup”) claimed that it was unaware of the Superior Court legal action which ultimately resulted in the $48 million damages award to DynaMéxico. Goldgroup further claimed that this lack of knowledge was the reason for its having missed the deadline for filing an Amparo Trial challenge to the $48 million damages award.