Goldgroup Announces Acquisition of Pinos Project

Core Viewpoint - Goldgroup Mining Inc. has entered into a Non-Enforcement Agreement with Candelaria Mining Corporation to suspend enforcement proceedings related to a Loan Facility, allowing for the transfer of shares of Minera Apolo, S.A. de C.V. to Goldgroup, contingent upon certain conditions being met [1][2]. Group 1: Agreement Details - The Non-Enforcement Agreement requires CMC to deliver all issued and outstanding shares of Minera Apolo to Goldgroup, subject to the approval from the TSX Venture Exchange [2][3]. - Goldgroup will settle approximately USD $2,702,873 owed on the Loan Facility and make additional cash payments of USD$89,000, with specific timelines for these payments [5]. Group 2: Project Information - Minera Apolo is the 100% owner of the Pinos Project, a fully permitted gold project located 140 kilometers east of Zacatecas, Mexico, consisting of 30 mining concessions [3]. - The completion of the transactions is contingent upon receiving all necessary approvals, including from the TSXV [3]. Group 3: Company Overview - Goldgroup is a Canadian-based mining company that operates the Cerro Prieto heap-leach gold mine in Sonora, Mexico, led by a team with extensive expertise in mine development and corporate finance [4].