2011 News Releases

July 28, 2011

Goldgroup Transfers Its Incorporation to British Columbia

Vancouver, British Columbia (July 28, 2011) -- Goldgroup Mining Inc. ("Goldgroup" or the "Company") is pleased to announce that it has continued into British Columbia as a company under the Business Corporations Act (British Columbia), from Québec, and has received a Certificate of Continuation effective July 28, 2011. The continuation was approved by the shareholders of the Company at the annual and special meeting of shareholders held on June 10, 2011.

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. Goldgroup's property portfolio includes its interests in its flagship project, Caballo Blanco in Veracruz and the San José de Gracia project in Sinaloa. Goldgroup is lead 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, please visit www.goldgroupmining.com or contact:

Keith Piggott, President & CEO

T: 604-682-1943

David Fry, Corporate Development

Toll Free: 1-877-655-ozAu (6928)