Goldgroup Announces the Results of its Annual General and Special Meeting of Shareholders

MATTERS VOTED UPON

VOTING RESULTS

1.

Number of Directors

Votes in Favour

Votes Against

The fixation of the number of directors at five

21,210,236 (99.76%)

51,832 (0.24%)

The number of directors was fixed at five (5)

2.

Election of Directors

Votes in Favour

Votes Withheld

The election of the following nominees as directors of the Company for the ensuing year or until their successors are appointed:

Keith Piggott                                                     

21,088,520 (99.18%)

173,548 (0.82%)

Corry J. Silbernagel

21,075,020 (99.12%)

187,048 (0.88%)

Javier Reyes

Javier Montano                                                                     

21,074,920 (99.12%)

21,086,420 (99.17%)

187,148 (0.88%)

175,648 (0.83%)

Harry Burgess                         

21,085,020 (99.17%)

177,048 (0.83%)

Each of the five nominees proposed by management were elected as a director of the Company.

3.

Appointment of Auditors

Votes in Favour

Votes Withheld

The appointment of Davidson & Company LLP, Chartered Accountants, as auditors of the Company and the authorization of the directors to set their remuneration.

51,250,287 (98.88%)

578,331 (1.12%)

Davidson & Company LLP, Chartered Accountants, was re-appointed as the auditors of the Company and the directors were authorized to set their remuneration.

4.

Stock Option Plan

Votes in Favour

Against

The approval of the Company's 2018 Stock Option Plan as more fully described under the heading "Particular Matters to be Acted Upon" in the Company's Management Information Circular.

19,694,934 (92.63%)

1,567,134 (7.37%)

The Shareholders approved the Company's new 2018 Stock Option Plan attached as more fully described under the heading "Particular Matters to be Acted Upon" in the Company's Management Information Circular.

5.

Ratification of Granted Options

Votes in Favour

Against

The approval with or without variation, ratifying the 2,740,000 stock options granted by the Company on January 23, 2018, as more fully described under the heading "Particular Matters to be Acted Upon" in the Company's Management Information Circular.

3,378,188* (69.87%)

1,457,051 (30.13%)

The Shareholders approved with or without variation, ratifying the 2,740,000 stock options granted by the Company on January 23, 2018, as more fully described under the heading "Particular Matters to be Acted Upon" in the Company's Management Information Circular.

  * Excluding 16,426,829 shares held by Insiders