Goldgroup Mining Inc. (TSXV: GORO) (NYSE American: GORO) (FSE: 55G) (“Goldgroup” or the “Company”) is pleased to announce that it has completed its previously announced strategic investment in Luca Mining Corp. (“Luca”) through the bought deal private placement offering of subscription receipts (“Subscription Receipts”) of Luca (the “Luca Offering”) in connection with Luca’s proposed acquisition of the Cozamin Mine (the “Cozamin Acquisition”).

Goldgroup participated in the Luca Offering that closed on October 14, 2026, and acquired 101,123,662 Subscription Receipts at a price of C$1.00 per Subscription Receipt for an aggregate investment of C$101,123,662 (the “Strategic Investment“). Following completion of the Cozamin Acquisition and…