Shares Outstanding:        326,488,511
 Trading Symbols:            TSX: GGD
 OTCQX: GLGDF

HALIFAX, NS, Oct. 27, 2023 /PRNewswire/ - GoGold Resources Inc. (TSX: GGD) (OTCQX: GLGDF) ("GoGold", "the Company") is pleased to announce the filing of a National Instrument 43-101 Preliminary Economic Assessment ("PEA") Technical Report (the "Report") for their Los Ricos South Project located in Jalisco State, Mexico.  The highlights of the Report were previously announced in a news release dated September 12, 2023, and the effective date of the Report is September 12, 2023.

Highlights of the PEA, with a base case silver price of US$23.75/oz and gold price of US$1,850/oz are as follows (all figures in US dollars unless otherwise stated):



After-Tax net present value ("NPV") (using a discount rate of 5%) of US$458 Million with an After-Tax IRR of 37% (Base Case); 11-year mine life producing a total of 88 Million payable silver equivalent ounces ("AgEq"), consisting of 47 Million silver ounces, 493 Thousand gold ounces, and 14 Million pounds of copper; Initial capital costs of $148 Million, including $19 Million in contingency costs, over an expected 18 month build, additional expansion capital of $69 Million, and sustaining capital costs of $72 Million over the life of mine ("LOM"); Average LOM operating cash costs of $8.15/oz AgEq, and all in sustaining costs ("AISC") of $9.02/oz AgEq Average annual production of 8 Million AgEq oz; Approximately half of LOM metal production is long hole underground ("UG"), and approximately half is open pit ("OP") mining;

"We're happy to file our technical report for Los Ricos South which provides the details of the updated PEA and Mineral Resource.  The projected cash flows and economics of the project are very robust, especially when combined with our Los Ricos North PEA that was completed in March of this year. With an NPV of US$458M at LRS and US$413M at LRN, we now have a total NPV of US$871M in our Los Ricos district," said Brad Langille, President and CEO.  "Our work on the Pre-Feasibility Study ("PFS")  is ongoing and we are currently completing the advanced geotechnical work with our consultants. We will also continue to focus our efforts on the mine plan as we believe further optimization opportunities may be possible. With our strong balance sheet we will continue to advance the project rapidly."

Highlights of the updated Mineral Resource:

Increase of 55% in Measured & Indicated Silver Equivalent ("AgEq") Ounces from initial January 2021 MRE, with 39% increase in Measured & Indicated AgEq grade; Inclusion of 1.9 Million tonnes Measured & Indicated at excellent grade of 516 g/t AgEq in underground Eagle Deposit; Measured & Indicated Mineral Resource at LRS of 98.6 Million ounces AgEq grading 276 g/t AgEq contained in 11.1 Million tonnes ("Mt"); Increased confidence in MRE, with conversion of approximately 9 Million ounces AgEq from initial January 2021 Inferred Mineral Resources to Measured & Indicated, resulting in 13.6 Million ounces AgEq in Inferred Mineral Resources at LRS grading 185 g/t AgEq contained in 2.3 Mt; Total Los Ricos Measured & Indicated Mineral Resources of 186 Million ounces AgEq, including Los Ricos North Total Los Ricos Inferred Mineral Resources of 84 Million ounces AgEq, including Los Ricos North

Updated PEA Summary

The updated PEA was prepared by independent consultants P&E Mining Consultants Inc ("P&E"), with metallurgical test work completed by SGS Canada Inc.'s Lakefield office ("SGS"), geotechnical study by Golder & Associates of Tucson, process plant design and costing by D.E.N.M. Engineering Ltd., and environmental and permitting led by CIMA Mexico.

Following are tables and figures showing key assumptions, results, and sensitivities.

Table 1 – LRS PEA Key Economic Assumptions and Results

Assumption / Result Unit Value Assumption / Result Unit Value Total OP Plant Feed Mined kt 9,367 Net Revenue US$M 2,049 Total UG Plant Feed Mined kt 4,325 Initial Capital Costs US$M 148 Total Plant Feed Mined kt 13,692 Expansion Capital Costs US$M 69 Operating Strip Ratio Ratio 7.4 Sustaining Capital Costs US$M 72 Silver Grade1 g/t 125 OP Mining Costs $/t Plant Feed 12.13 Gold Grade1 g/t 1.18 UG Mining Costs $/t Plant Feed 43.85 AgEq Grade1 g/t 217 LOM Mining Costs $/t Plant Feed 22.15 Silver Recovery % 86 Operating Cash Cost US$/oz AgEq 8.15 Gold Recovery % 95 All in Sustaining Cost US$/oz AgEq 9.02 Silver Price US$/oz 23.75 Mine Life Yrs 11 Gold Price US$/oz 1,850 Average process rate t/day 3,359 Copper Price US$/lb 4.00 After-Tax NPV (5% discount) US$M 458 Payable Silver Metal Moz 46.8 Pre-Tax NPV (5% discount) US$M 708 Payable Gold Metal koz 493.1 After-Tax IRR % 36.6 Payable Copper Mlb 13.6 Pre-Tax IRR % 49.1 Payable AgEq Moz 87.5 After-Tax Payback Period Yrs 2.3

1. Grades shown are LOM average process plant feed grades including both OP and UG sources.  External dilution of approximately 10% for OP material and 28% for UG material was incorporated in the mining schedule. Figure 1 – LRS Cash Flow Profile by Year (CNW Group/GoGold Resources Inc.)

Figure 1 above highlights the excellent post-tax cash flows associated with the LRS project.  The economics of the project have been evaluated based on the base case scenario US$23.75/oz silver price and gold price of US$1,850/oz.  As illustrated in the following sensitivity tables, the project remains robust even at lower commodity prices or with higher costs.

Table 2 – LRS PEA Gold and Silver Price Sensitivities

Sensitivity Base 
Case Silver Price (US$/oz) 17 19 21 23.75 26 30 33 Gold Price (US$/oz) 1,324 1,480 1,636 1,850 2,025 2,337 2,571 After-Tax NPV (5%) (US$M) 185 266 346 458 548 710 831 After-Tax IRR (%) 19.7 25.1 30.2 36.6 41.6 49.9 55.7 After-Tax Payback (years) 3.6 3.0 2.6 2.3 2.1 1.7 1.6

Table 3 – LRS PEA Operating Cost and Capital Cost Sensitivities

Sensitivity -20 % -10 % Base 
Case 10 % 20 % Operating Costs – NPV (US$M) 526 492 458 423 389 Operating Costs – IRR (%) 40.6 38.6 36.6 34.6 32.5 Capital Costs – NPV (US$M) 495 476 458 439 420 Capital Costs – IRR (%) 45.2 40.5 36.6 33.3 30.4

Capital and Operating Costs

The LRS Project has been envisioned as a combined underground and open pit mining operation, with contract underground mining in years one to seven of the mine plan, supplemented by contract open pit mining in years three to eleven.

The process plant is comprised of conventional crushing and grinding followed by cyanide tank leaching. Back end filtration is required to maximize water recycling (dry stack tailings) as well as a SART (sulfidation, acidification re-neutralization and thickening) circuit to re-generate cyanide back to the process and to produce a saleable Cu2S copper sulfide product. Water supply to the process plant is provided by a nearby seasonally charged water dam and high voltage grid power is provided by the local utility.  Expansion capital includes the cost to increase the process plant capacity from 1,750 tonnes per day to 4,000 tonnes per day in year three.

Table 4 – LOM Capital Cost Estimate

Type Initial

(US$k) Expansion

(US$k)1 Sustaining

(US$k) Total

(US$k) Process Plant direct costs 54,475 42,700 12,125 109,300 Underground development 60,706 48,473 109,179 Pre-stripping 19,074 500 19,574 Infrastructure 9,980 1,250 11,230 Project indirect costs 3,750 3,750 Total 128,911 61,774 62,348 253,033 Contingency (15%) 19,337 6,747 9,352 35,436 Total 148,247 68,521 71,700 288,469

1. Expansion capital is not included in AISC calculations

Table 5 – Operating Costs (Average LOM)

Operating Costs (Average LOM)  US$/tonne

Plant Feed US$/tonne 
Rock Open Pit Mining1 12.13 1.64 Underground Mining2 43.85 Total LOM Mining3 22.15 Processing ($/t processed) 27.10 General and Admin ($/t processed) 2.52 Total ($/t processed) 51.78

1. Open pit mining costs include a double-benched waste rock and mineralized material average unit cost of $1.47/t. 2. Bulk underground long hole mining.  $43.85 is the cost of in-stope mining, additional development costs of $11.21/t mined are included in sustaining capital in table 4, providing a total UG mining cost of $55.06/t. 3. Average LOM mining cost of both open pit and underground.

Mining

The contract underground mining will involve long hole stoping and cemented paste back filling of the mined-out stopes. Approximately 10% of the underground feed to the process plant will be sourced in close proximity to historical workings. The open pit mining will be contracted and carried out by drill and blast followed by conventional loading and truck haulage to the waste rock storage facilities and the process plant.

Metallurgy

A metallurgical test program was carried out by SGS Lakefield of Ontario, Canada. The program included grinding and leaching as well as comminution testing. The leach samples comprised of drill core sampling rejects representing the various zones of the Mineral Resource and whole HQ drill core for the comminution work. This preliminary test program estimated average gold and silver respective metallurgical recoveries of 95% and 85%.

Surface Rights Agreement

The Company has an agreement with the Ejido of Cinco Minas, which owns the surface rights over all of those concessions included in this PEA.  The agreement allows GoGold to mine and explore the 1,280 hectares of land that is owned by the local Ejido for a period of twelve years with an option to renew for a further twelve years.

Mineral Resource Estimate

The basis for the PEA is the Mineral Resource Estimate completed by P&E for the Los Ricos South Project located in Jalisco State, Mexico, which has an effective date of September 12, 2023, which is available on SEDAR.  A summary of the Mineral Resource Estimate is provided in Table 6.

Table 6: Los Ricos South Mineral Resource Estimate – Pit Constrained and Out-of-Pit(1-9)

Mining Area Category Tonnes Average Grade Contained Metal Au Ag Cu AuEq AgEq Au Ag Cu AuEq AgEq (M) (g/t) (g/t) ( %) (g/t) (g/t) (koz) (koz) (Mlb) (koz) (koz) Pit
Constrained5 Measured 3.9 1.08 142 0.03 2.94 231 135.9 17,858 2.3 369.1 28,898 Indicated 2.8 0.68 89 0.03 1.87 146 60.7 8,022 1.9 167.3 13,097 M&I 6.7 0.91 120 0.03 2.49 195 196.6 25,880 4.2 536.4 41,995 Inferred 0.5 0.58 99 0.04 1.91 150 9.6 1,632 0.4 31.4 2,460 Pit - Cerro C6 Inferred 0.9 0.72 31 0.01 1.12 88 20.9 905 0.2 32.8 2,568 Out-of-Pit7,8 Measured 0.7 3.60 298 0.35 7.94 621 80.7 6,679 5.4 178.1 13,940 Eagle Indicated 1.2 3.13 164 0.37 5.79 453 117.5 6,176 9.5 217.5 17,028 M&I 1.9 3.30 214 0.36 6.59 516 198.2 12,855 15.0 395.6 30,969 Inferred 0.1 3.63 122 0.54 6.00 470 7.8 261 0.8 12.9 1,006 Out-of-Pit7,8 Measured 1.1 1.22 194 0.06 3.79 297 44.7 7,093 1.6 138.8 10,865 Main Indicated 1.4 1.58 178 0.21 4.18 327 71.5 8,013 6.6 188.4 14,753 M&I 2.5 1.42 185 0.15 4.00 313 116.2 15,106 8.1 327.2 25,618 Inferred 0.8 1.42 133 0.41 3.73 292 36.8 3,431 7.2 96.6 7,566 Total Measured 5.7 1.42 172 0.07 3.72 291 261.4 31,631 9.3 686.0 53,703 Indicated 5.4 1.45 129 0.15 3.33 260 249.7 22,210 18.0 573.2 44,878 M&I 11.1 1.43 151 0.11 3.53 276 511.0 53,841 27.3 1,259.2 98,582 Inferred 2.3 1.02 85 0.17 2.36 185 75.0 6,230 8.6 173.7 13,601

1. Mineral Resources which are not Mineral Reserves do not have demonstrated economic viability. The estimate of Mineral Resources may be materially affected by environmental, permitting, legal, title, taxation, socio-political, marketing, or other relevant issues. 2. The Inferred Mineral Resource in this estimate has a lower level of confidence than that applied to an Indicated Mineral Resource and must not be converted to a Mineral Reserve. It is reasonably expected that the majority of the Inferred Mineral Resource could be upgraded to an Indicated Mineral Resource with continued exploration. 3. The Mineral Resources in this news release were estimated in accordance with the Canadian Institute of Mining, Metallurgy and Petroleum (CIM), CIM Standards on Mineral Resources and Reserves, Definitions and Guidelines prepared by the CIM Standing Committee on Reserve Definitions and adopted by the CIM Council. 4. Historically mined areas were depleted from the Mineral Resource model. 5. The pit constrained AgEq cut-off grade of 38 g/t Ag was derived from US$1,800/oz Au price, US$23.00/oz Ag price, 85% Ag and 95% Au process recovery, US$25/tonne process and G&A cost. The constraining pit optimization parameters were $2.10/t mineralized material and waste mining cost, and 45-degree pit slopes. 6. Cerro Colorado Resource constrained to open pit mining methods only; out-of-pit Mineral Resources are restricted to the Eagle and Abra mineralized veins, which exhibit historical continuity and reasonable potential for extraction by cut and fill and longhole mining methods. 7. The out-of-pit AgEq cut-off grade of 130 g/t Ag was derived from US$1,800/oz Au price, US$23.00/oz Ag price, 85% Ag and 95% Au process recovery, US$33/tonne process and G&A cost, and a $50/tonne mining cost. The out-of-pit Mineral Resource grade blocks were quantified above the 130 g/t AgEq cut-off, below the constraining pit shell and within the constraining mineralized wireframes. Out–of-Pit Mineral Resources are restricted to the Los Ricos and Rascadero Veins, which exhibit historical continuity and reasonable potential for extraction by cut and fill and longhole mining methods. 8. AgEq and AuEq were calculated at an Ag/Au ratio of 78.2:1 for pit constrained and out-of-pit Resources. 9. Totals may not sum due to rounding. Figure 2 – LRS Mineral Resource Block Model Visualization (CNW Group/GoGold Resources Inc.)

Mineral Resource Estimate Methodology – LRS

A total of 585 drill holes totalling 93,591 metres were used in the MRE.

P&E collaborated with GoGold personnel to develop the mineralization models, estimates, and reporting criteria for the Resources at Los Ricos. Mineralization models were initially developed by GoGold and were reviewed and modified by P&E. A total of eight individual mineralized domains have been identified through drilling, surface and historical underground sampling. The modeled mineralization domains are constrained by individual wireframes based on a 0.30 g/t AuEq cut-off for low-grade domains or 3.0 g/t AuEq for high-grade domains.

Mineralization wireframes were used as hard boundaries for the purposes of estimation.

A three-dimensional sub-blocked model, with 3m x 3m x 3m parent and 1m x 1m x 1m sub blocks, was used for the Mineral Resource Estimate. The block model consists of estimated Au, Ag and Cu grades, estimated bulk density, and classification criteria. Au and Ag equivalent block grades were subsequently calculated from the estimated Au,  Ag and Cu grades.

Sample assays were composited to a 1 m standard length. Au and Ag grades were estimated using Inverse Distance Cubed weighting of between 1 and 12 composites, with a maximum of 2 composites per drill hole. Composites were capped prior to estimation by mineralization domain. Composite samples were selected within an anisotropic search ellipse oriented down the plunge of identified high grade trends.

Individual bulk density values were applied to mineralized domains separately and were statistically determined using 4,516 measurements taken from drill holes.

Classification criteria were determined from observed grade and geological continuity as well as variography. Measured Mineral Resources are informed by 3 or more drill holes within 30 m; Indicated Mineral Resources are informed by 2 or more drill holes within 60 m.

P&E is of the opinion that the Mineral Resource Estimates are suitable for public reporting and are a reasonable representation of the mineralization and metal content of the Los Ricos Deposits.

Table 7: AgEq Cut-off Sensitivities – LRS Pit Constrained Mineral Resource1

Cut-off Tonnes Average Grade Contained Metal Pit 
Constrained (AgEq) Au Ag Cu AuEq AgEq Au Ag Cu AuEq AgEq (g/t) (M) (g/t) (g/t) ( %) (g/t) (g/t) (koz) (koz) (Mlb) (koz) (koz) Measured 250 1.06 2.71 336 0.04 7.07 553 92 11,437 0.9 240 18,808 150 1.76 2.00 250 0.03 5.24 410 113 14,121 1.3 296 23,195 80 2.76 1.44 185 0.03 3.85 301 128 16,417 1.8 342 26,777 60 3.26 1.26 164 0.03 3.40 266 133 17,167 2.0 356 27,892 38 3.90 1.08 142 0.03 2.94 231 136 17,858 2.3 369 28,898 30 4.11 1.03 137 0.03 2.82 221 137 18,019 2.4 372 29,124 Indicated 250 0.39 2.34 257 0.07 5.74 449 29 3,188 0.6 71 5,559 150 0.74 1.67 188 0.05 4.15 325 40 4,496 0.9 99 7,783 80 1.67 1.00 123 0.04 2.62 205 54 6,586 1.4 141 11,027 60 2.15 0.83 106 0.03 2.23 175 58 7,314 1.6 155 12,098 38 2.79 0.68 89 0.03 1.87 146 61 8,022 1.9 167 13,097 30 2.99 0.64 85 0.03 1.77 138 61 8,188 1.9 170 13,323 Inferred 250 0.10 1.41 252 0.06 4.71 369 5 822 0.1 15 1,203 150 0.13 1.29 217 0.07 4.16 326 6 939 0.2 18 1,408 80 0.34 0.77 127 0.05 2.47 194 8 1,394 0.4 27 2,119 60 0.45 0.64 108 0.04 2.08 163 9 1,572 0.4 30 2,374 38 0.51 0.58 99 0.04 1.91 150 10 1,632 0.4 31 2,460 30 0.54 0.56 96 0.04 1.84 144 10 1,652 0.5 32 2,490

1. See Table 6 notes for assumptions

Table 8: AgEq Cut-off Sensitivities – LRS Out-of-Pit Mineral Resource1,2

Cut-off Tonnes Average Grade Contained Metal Out-of-Pit (AgEq) Au Ag Cu AuEq AgEq Au Ag Cu AuEq AgEq (g/t) (M) (g/t) (g/t) ( %) (g/t) (g/t) (koz) (koz) (Mlb) (koz) (koz) Measured 250 1.03 3.12 337 0.24 7.79 610 103 11,141 5.3 257 20,142 200 1.26 2.76 297 0.21 6.88 539 112 12,045 5.9 279 21,819 150 1.63 2.31 252 0.19 5.81 455 122 13,220 6.7 305 23,891 140 1.73 2.22 243 0.18 5.60 438 123 13,477 6.8 311 24,323 130 1.84 2.12 233 0.17 5.37 420 125 13,773 7.0 317 24,805 120 1.99 2.00 221 0.16 5.08 397 128 14,165 7.2 325 25,417 Indicated 250 1.59 3.13 224 0.35 6.52 510 160 11,425 12.2 333 26,052 200 1.92 2.80 203 0.33 5.89 461 173 12,529 13.8 363 28,444 150 2.31 2.47 183 0.30 5.26 412 183 13,607 15.2 391 30,610 140 2.43 2.38 178 0.29 5.10 399 186 13,885 15.6 398 31,165 130 2.57 2.29 172 0.28 4.91 384 189 14,189 16.1 406 31,781 120 2.74 2.18 165 0.28 4.71 369 192 14,520 16.7 414 32,445 Inferred 250 0.47 2.26 185 0.49 5.37 421 34 2,789 5.1 81 6,346 200 0.57 2.07 168 0.47 4.93 386 38 3,073 5.9 90 7,064 150 0.72 1.81 148 0.44 4.37 342 42 3,413 6.9 101 7,882 140 0.77 1.73 142 0.43 4.19 328 43 3,514 7.3 104 8,139 130 0.87 1.59 132 0.42 3.91 306 45 3,693 8.0 109 8,572 120 1.00 1.44 121 0.40 3.60 282 47 3,897 8.9 116 9,098

1. See Table 6 notes for assumptions

Table 9: Los Ricos Mineral Resources – LRS & LRN(1-4)

Deposit Tonnes Average Grade Contained Metal Au Ag Cu Pb Zn AuEq AgEq Au Ag Cu Pb Zn AuEq AgEq (M) (g/t) (g/t) ( %) ( %) ( %) (g/t) (g/t) (koz) (koz) (Mlb) (Mlb) (Mlb) (koz) (koz) LRS Measured1 5.7 1.42 172 0.07 3.72 291 261 31,631 9 - - 686 53,703 Indicated: LRN (Oxide)2 14.5 0.37 100 - - - 1.71 127 171 46,500 - - - 801 59,100 LRS (Oxide)1 5.4 1.45 129 0.15 - - 3.33 260 250 22,210 18 - - 573 44,878 LRN (Sulfide)2 7.8 0.06 28 0.11 0.88 1.33 1.55 114 15 7,011 19 151 229 389 28,708 Total Indicated 27.7 1.98 149 436 75,721 37 151 229 1,763 132,686 Measured & Indicated 33.4 2.28 174 697 107,352 46 151 229 2,449 186,390 Inferred: LRN (Oxide)2 15.0 0.28 91 - - - 1.52 112 136 44,131 - - - 734 54,191 LRS (Oxide)1 2.3 1.02 85 0.17 - - 2.36 185 75 6,230 9 - - 174 13,601 LRN (Sulfide)2 5.5 0.06 28 0.12 0.74 1.2 1.46 108 11 4,888 15 90 146 258 19,007 Total Inferred 22.8 1.59 119 222 55,249 24 90 146 1,166 86,799

1. See Table 6 notes for assumptions 2. See GoGold press release #04-2022 dated January 21, 2022 for full details regarding the LRN Resource. 3. AgEq and AuEq calculated at an Ag/Au ratio of 87.5. 4. Totals may not agree due to rounding.

Qualified Persons

Robert Harris, P.Eng. and David Duncan, P.Geo. are the GoGold Qualified Persons and Eugene Puritch, P.Eng., FEC, CET, President of P&E Mining Consultants Inc. and David J. Salari, P. Eng., D.E.N.M. Engineering Ltd. are Independent Qualified Persons all as defined by National Instrument 43-101 and have reviewed and approved the technical information in this press release.

VRIFY Slide Deck and 3D Presentation

VRIFY is a platform being used by companies to communicate with investors using 360° virtual tours of remote mining assets, 3D models and interactive presentations. VRIFY can be accessed by website and with the VRIFY iOS and Android apps.

The VRIFY 3D Slide Deck for GoGold can be viewed at: https://vrify.com/companies/gogold-resources-inc and on the Company's website at: www.gogoldresources.com.

Los Ricos District Exploration Projects

The Company's two exploration projects at its Los Ricos Property are in Jalisco state, Mexico. The Los Ricos South Project began in March 2019, with the most recent Mineral Resource Estimate announced on September 12, 2023, which disclosed a Measured & Indicated Mineral Resource of 98.6 Million ounces AgEq grading 276 g/t AgEq contained in 11.1 Million tonnes, and an Inferred Mineral Resource of 11.0 Million ounces AgEq grading 248 g/t AgEq contained in 1.4 Million tonnes.  The most recent PEA on the Project was announced on September 12, 2023, indicating an after-tax NPV5% of US$458M.

The Los Ricos North Project was launched in March 2020 and an initial Mineral Resource Estimate was announced on December 7, 2021, which disclosed an Indicated Mineral Resource Estimate of 87.8 million ounces AgEq grading 122 g/t AgEq contained in 22.3 Million tonnes, and an Inferred Mineral Resource Estimate of 73.2 million ounces AgEq grading 111 g/t AgEq contained in 20.5 Million tonnes. An initial PEA on the Project was announced on May 17, 2023, indicating an NPV5% of US$413M.

About GoGold Resources

GoGold Resources (TSX: GGD) is a Canadian-based silver and gold producer focused on operating, developing, exploring and acquiring high quality projects in Mexico.  The Company operates the Parral Tailings Project in the state of Chihuahua and has the Los Ricos South and Los Ricos North exploration Projects in the state of Jalisco. Headquartered in Halifax, NS, GoGold is building a portfolio of low cost, high margin projects. For more information visit gogoldresources.com.

CAUTIONARY STATEMENT:

The securities described herein have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws, and may not be offered or sold within the United States or to, or for the benefit of, U.S. persons (as defined in Regulation S under the U.S. Securities Act) except in compliance with the registration requirements of the U.S. Securities Act and applicable state securities laws or pursuant to exemptions therefrom. This release does not constitute an offer to sell or a solicitation of an offer to buy of any of GoGold's securities in the United States.

This news release may contain "forward-looking information" as defined in applicable Canadian securities legislation. All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding the Los Ricos South and North projects, and future plans and objectives of GoGold, including the NPV, IRR, initial and sustaining capital costs, operating costs, and LOM production of Los Ricos South, constitute forward looking information that involve various risks and uncertainties. Forward-looking information is based on a number of factors and assumptions which have been used to develop such information but which may prove to be incorrect, including, but not limited to, assumptions in connection with the continuance of GoGold and its subsidiaries as a going concern, general economic and market conditions, mineral prices, the accuracy of Mineral Resource Estimates, and the performance of the Parral Project. There can be no assurance that such information will prove to be accurate and actual results and future events could differ materially from those anticipated in such forward-looking information.

Important factors that could cause actual results to differ materially from GoGold's expectations include exploration and development risks associated with GoGold's projects, the failure to establish estimated Mineral Resources or Mineral Reserves, volatility of commodity prices, variations of recovery rates, and global economic conditions. For additional information with respect to risk factors applicable to GoGold, reference should be made to GoGold's continuous disclosure materials filed from time to time with securities regulators, including, but not limited to, GoGold's Annual Information Form. The forward-looking information contained in this release is made as of the date of this release. GoGold Resources Inc. Logo (CNW Group/GoGold Resources Inc.) Cision

View original content to download multimedia:https://www.prnewswire.com/news-releases/gogold-announces-filing-of-pea-technical-report-for-los-ricos-south-301969641.html

SOURCE GoGold Resources Inc.