2010 News Releases

December 07, 2010

Goldgroup Hits 332.86 g/t Au over 5.5 m Including 2,424.89 g/t Au over 0.75 m in New Drilling at San José de Gracia

Vancouver, British Columbia (December 7, 2010) - Goldgroup Mining Inc. ("Goldgroup" or the "Company"), in coordination with DynaResource, Inc. ("DynaUSA"--"DYNR-OTCBB"), is pleased to announce that initial drilling from the current 18,500 metre diamond drilling program at the San José de Gracia project in Sinaloa, Mexico ("San José de Gracia") has encountered very significant gold mineralization from drill hole # SJG-10-203 yielding 332.86 g/t Au and 143.9 g/t Ag over 5.50 metres from 70.65 to 76.15 metres depth (true width estimated to be 4.0 metres). This interval includes 0.75 metres of 2,424.89 g/t Au and 1,037.80 g/t Ag. This result is from drilling on the ­­North East part of the San Pablo quartz breccia vein. The Company anticipates releasing additional drill results in the near future.


Hole # SJG-10-203 From (m) To (m) Length (m) Au g/t Ag g/t
70.65 76.15 5.50 332.86 143.90
Including 70.65 71.40 0.75 2,424.89 1,037.80

Keith Piggott, CEO of Goldgroup stated, "This incredible intersection further verifies that the San José de Gracia district hosts bonanza style gold mineralization. As a consequence, a third diamond drill has just been put into operation at the San José de Gracia project as part of the current 18,500 metre program to expand on this great result. I would like to personally thank Omar Felix, the Technical Geologist in charge of Operations, and his team for their enthusiasm and diligence during Goldgroup's earn-in phase. This remarkable news comes on the back of the exciting progress being made at Goldgroup's flagship Caballo Blanco property where three drills are also operating on the 30,000 metre drill program at that project."

About San José de Gracia

The San José de Gracia District, covering 99,500 hectares, is 100%-owned by DynaResource de Mexico S.A. de C.V ("DynaMexico"). Goldgroup currently owns 25% of DynaMexico after completing the first stages of its earn-in and is in the process of completing the earn-in of the additional 25% (total of 50%) by expending US$4.5 million by March 15, 2011. The remaining interest in DynaMexico is owned by DynaUSA. San José de Gracia is a high-grade advanced exploration project hosting a NI 43-101 compliant mineral resource estimate contained in four separate veins: Tres Amigos, San Pablo, La Union area and the La Purisima trend. Please refer to the NI 43-101 technical report on San Jose de Gracia dated March 22, 2010 which is available on SEDAR. Historically, in excess of one million ounces of gold has been produced from the property from high-grade veins grading between 30.0 g/t Au to 60.0 g/t Au. Goldgroup and DynaUSA are targeting a mineral resource estimate capable of sustaining annual production of 100,000 ounces of gold from San José de Gracia.

Assaying and Qualified Person

After project geologists logged and marked the core, technicians cut the individual lengths with a diamond saw, then tagged the bags and secured them with security clips. The samples were then trucked to Hermosillo, Mexico where Inspectorate America Corp. ("Inspectorate") crushed each sample to -150 mesh. The rejects remained with Inspectorate while the pulps were air couriered to Inspectorate's Richmond, BC, Canada facility and analyzed for gold by fire assay with Atomic Absorption ("AA") finish. Samples over 1.0 grams per tonne gold were re-run using fire assay with gravity finish. In addition, a 30 element Inductively Coupled Plasma ("ICP") analysis (aqua regia digest) was conducted on all samples. A QA/QC program was implemented as part of the sampling procedure for the drill program. One standard, one blank or one duplicate was inserted per group of 20 samples sent the laboratory. These standards were purchased commercially from Rocklabs Ltd. of Auckland, New Zealand. The San José de Gracia drill program is under the direct supervision of Kevin Sullivan, B.Sc., MAusIMM, contracted by Mineras de DynaResource S.A. de C.V., the operating entity at San José de Gracia. Mr. Sullivan is Goldgroup's Vice President, Exploration and a qualified person, as defined by NI 43-101. Mr. Sullivan has reviewed the technical information contained in this news release and reviewed the release.

About Goldgroup

Goldgroup is a well-funded Canadian-based gold production and exploration Company focused exclusively on Mexico, targeting growth in gold production, mineral resources, profitability and cash flow from a portfolio of production, development and exploration stage projects. The Company owns and operates the Cerro Colorado Gold Mine in Sonora, Mexico. The Company's property portfolio includes its interests in the Caballo Blanco, oxidized high sulphidation, gold project in Veracruz, where it is moving to production and the San José de Gracia high-grade gold project in Sinaloa.

Goldgroup is led by a team of highly successful and seasoned individuals with extensive expertise in exploration, corporate finance and mine development in Mexico.

For further information on Goldgroup and San José de Gracia, please visit www.goldgroupmining.com
or contact:

Keith Piggott, CEO
T: 604-682-1943

David Fry, Corporate Development

TF: 1-877-655-ozAu (6928)