Initial Mineral Resource Estimate At Los Ricos South

HALIFAX, NS - GoGold Resources Inc. reported on the Initial Mineral Resource Estimate for Los Ricos South Project located in Jalisco State, Mexico. In addition, the Company has updated the Mineral Reserve at the Parral Tailings operation, and the Mineral Resource Estimate at its Esmerelda Tailings Project located near Parral.

Highlights of the Mineral Resource Estimate and Mineral Reserve: Measured & Indicated Mineral Resource at Los Ricos South of 63.7 million ounces silver equivalent ("AgEq") grading 199 g/t AgEq contained in 10.0 million tonnes ("Mt”); Inferred Resource at Los Ricos South of 19.9 million ounces AgEq grading 190 g/t AgEq contained in 3.3 Mt; Total Company Measured & Indicated Mineral Resources of 108.6 million ounces AgEq; Proven & Probable Mineral Reserve at Parral of 31.6 million ounces AgEq grading 64 g/t AgEq contained in 15.4 Mt; Measured & Indicated Mineral Resource at Esmerelda of 13.3 million ounces AgEq grading 72 g/t AgEq contained in 5.7 Mt; Los Ricos South Mineral Resource is amenable to both open pit and bulk underground mining methods; Los Ricos South Mineral Resource Estimate will form the basis of a Preliminary Economic Assessment ("PEA") expected to be completed by the end of 2020 and Inferred out of pit grades range from 355 g/t AgEq to 512 at higher cut-off rates.

"This initial Mineral Resource Estimate demonstrates Los Ricos South is a premium asset, in grade and quantity of ounces. Our Mineral Reserve at Parral is generating cash flows that are being reinvested into the Los Ricos district. Over the past 16 months, we have aggressively explored and developed the Los Ricos South Mineral Resource, which we will base our PEA study upon. Concurrently, we are accelerating our exploration effort on the Los Ricos North project where we are drilling the first of multiple targets which we believe will highlight the potential of the entire Los Ricos district," said Brad Langille, President and CEO. "Drilling is still underway at Los Ricos South targeting the northern extensions and extensions at depth."