2008 News Releases

January 14, 2008

Shareholder Update

The year 2007 was one of growth and execution for Goldgroup. Our strong management team was bolstered by the addition of top-notch individuals who bring industry-wide reputations for success, knowledge and integrity. Exploration programs were aggressively pursued, particularly at our high-grade San Jose de Gracia gold project in the Sierra Madre gold belt, where we are currently spending US$400,000 per month on diamond drilling with two drills operating.