Goldgroup Mining Inc (GGAZF)

[LGL8054]

To date, 142 holes have been drilled at the Caballo Blanco project by Goldgroup. Of these holes, 19 were reverse circulation holes, seven were holes drilled outside the La Paila Zone within the Northern Zone, and four were unassayed as of the date of the NI 43-101 Technical Report released February 16, 2012, resulting in a total of 112 holes incorporated into the updated NI 43-101 mineral resource estimate.