TSX-V:GGA OTC:GGAZF

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.