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Resource Statement
Deposit Cut-off4
(g/t)
Tonnage
(Mt)
Grade Contained Metal
Gold
(g/t)
Silver
(g/t)
Copper
(%)
Gold Eq
(g/t)
Gold
(Moz)
Silver
(Moz)
Copper
(Mlbs)
Gold Eq
(Moz)
Measured Resources
Titiribi5 0.3 51.60 0.49 - 0.17 0.78 0.820 - 195.1 1.290
Indicated Resources
Titiribi5 0.3 234.20 0.51 - 0.09 0.65 3.820 - 459.3 4.930
Sao Jorge6 0.3 14.42 1.54 - - 1.54 0.715 - - 0.715
Cachoeira7 0.35 17.47 1.23 - - 1.23 0.692 - - 0.692
Whistler8 0.3 110.28 0.50 1.72 0.14 0.79 1.765 6.130 343.1 2.797
La Mina9 0.25 28.17 0.74 1.77 0.24 1.12 0.667 1.607 150.2 1.013
Crucero12 0.4 30.65 1.00 - - 1.00 0.993 - - 0.993
Total   435.19 0.62 0.55 0.10 0.79 8.651 7.737 952.7 11.080
Measured and Indicated Resources
Total   486.79 0.61 0.49 0.11 0.79 9.471 7.737 1,147.8 12.370
Inferred Resources
Titiribi5 0.3 207.90 0.49 - 0.02 0.51 3.260 - 77.9 3.440
Sao Jorge6 0.3 28.19 1.14 - - 1.14 1.035 - - 1.035
Cachoeira7 0.35 15.67 1.07 - - 1.07 0.538 - - 0.538
Whistler8 0.3/0.6 311.26 0.47 2.26 0.11 0.68 4.626 22.614 713.5 6.731
La Mina9 0.25 12.39 0.65 1.75 0.27 1.07 0.260 0.697 73.3 0.427
Boa Vista10 0.5 8.47 1.23 - - 1.23 0.336 - - 0.336
Surubim11 0.3 19.44 0.81 - - 0.81 0.503 - - 0.503
Crucero12 0.4 35.78 1.00 - - 1.00 1.147 - - 1.147
Total   639.10 0.57 1.13 0.06 0.69 11.705 23.311 864.7 14.157

Notes to Table:

  1. Mineral resources are not mineral reserves and do not have demonstrated economic viability. There is no certainty that all or any part of the mineral resources will be converted into mineral reserves. The estimate of mineral resources may be materially affected by environmental permitting, legal, title, taxation, sociopolitical, marketing or other relevant issues.
  2. The above global resource estimate table is provided for informational purposes only and is not intended to represent the viability of any project on a standalone or global basis. The exploration and development of each project, project geology and the assumptions and other factors underlying each estimate, are not uniform and will vary from project to project. Please refer to the technical report for each respective project, as referenced herein, for detailed information respecting each individual project.
  3. All quantities are rounded to the appropriate number of significant figures; consequently sums may not add up due to rounding.
  4. Gold cut-off for all projects except for Whistler, which is gold equivalent cut-off.
  5. Notes for Titiribi:
    • Based on technical report titled "Technical Report on the Titiribi Project Department of Antioquia, Colombia" prepared by Joseph A. Cantor and Robert E. Cameron of Behre Dolbear & Company (USA), Inc., with an effective date of September 14, 2016, which is available at www.sedar.com under GoldMiningꞌs SEDAR profile.
    • Gold equivalent estimated for the Titiribi deposit assumes metal prices of US$1,300/oz gold and US$2.90/lb copper and recoveries of 83% for gold and 90% for copper.
  6. Notes for Sao Jorge:
    • Based on technical report titled "Technical Report and Resource Estimate on the São Jorge Gold Project, Pará State, Brazil" prepared by Porfirio Rodriguez and Leonardo de Moraes of Coffey Mining Pty Ltd. ("Coffey"), with an effective date of November 22, 2013, which is available at www.sedar.com under GoldMiningꞌs SEDAR profile.
  7. Notes for Cachoeira:
    • Based on technical report titled "Technical Report and Resource Estimate on the Cachoeira Property, Pará State, Brazil" prepared by Gregory Z. Mosher, P.Geo. of Tetratech, Inc. with an effective date of April 17, 2013 and amended and re-stated October 2, 2013, which is available at www.sedar.com under GoldMiningꞌs SEDAR profile.
  8. Notes for Whistler:
    • Based on technical report titled "Technical Report on the Whistler Project" prepared by Gary Giroux of Giroux Consultants Inc., with an effective date of March 24, 2016, which is available at www.sedar.com under GoldMiningꞌs SEDAR profile.
    • The Whistler Project is comprised of three deposits: Whistler, Raintree West and Island Mountain.
    • Gold equivalent estimated for the Whistler deposit assumes metal prices of US$990/oz gold, US$15.40/oz silver and US$2.91/lb copper and recoveries of 75% for gold and silver and 85% for copper.
    • Gold equivalent estimated for the Raintree West deposit assumes metal prices of US$1,250/oz gold, US$16.50/oz silver and US$2.10/lb copper and recoveries of 75% for gold, 85% for copper and 75% for silver.
    • Gold equivalent estimated for the Island Mountain deposit assumes metal prices of US$1,250/oz gold, US$16.50/oz silver and US$2.10/lb copper and recoveries of 75% for gold, 85% for copper and 25% for silver (recovered in copper concentrate).
    • A gold equivalent cut-off of 0.3 g/t was highlighted in the estimate as a possible open pit cut-off (Whistler, Raintree-shallow and Island Mountain), and a gold equivalent cut-off of 0.6 g/t was highlighted in the estimate as a possible underground cut-off (Raintree-deep).
  9. Notes for La Mina:
    • Based on technical report titled "Technical Report on the La Mina Project" prepared by Scott E. Wilson, C.P.G. of Metals Mining Consultants, Inc. ("MMC") with an effective date of October 24, 2016, which is available at www.sedar.com under Bellhavenꞌs SEDAR profile.
    • Gold equivalent estimated for the La Mina project assumes metal prices of US$1,275/oz gold, US$17.75/oz for silver and US$2.75/lb for copper and recoveries of 93% for gold and 90% for copper.
  10. Notes for Boa Vista:
    • Based on technical report titled "Technical Report on the Boa Vista Project and Resource Estimate on the VG1 Prospect, Tapajos Area, Para State, Northern Brazil" prepared by Jim Cuttle, Gary Giroux and Michael Schmulian, with an effective date of November 22, 2013, which is available at www.sedar.com under GoldMiningꞌs SEDAR profile.
  11. Notes for Surubim:
    • Based on technical report titled "Technical Report on the Rio Novo Gold Project and Resource Estimate on the Jau Prospect, Tapajos Area, Para State, Northern Brazil" ("Surubim Project") prepared by Jim Cuttle and Gary Giroux, with an effective date of November 22, 2013, which is available at www.sedar.com under GoldMiningꞌs SEDAR profile.
  12. Notes for Crucero:
    • Resource estimate announced on January 16, 2018 in a News Release title "GoldMining Announces NI 43-101 Gold Resource for the Crucero Gold Project, Peru", which is available at www.sedar.com under GoldMiningꞌs profile.  The resource estimate was prepared by Mr. Greg Mosher, M.Sc., P.Geo., recognized as a qualified person as defined in NI 43-101, is independent of the Company and has reviewed and approved the disclosure regarding the resource estimate for the Crucero Project disclosed therein.
    • Pit constrained resource estimate based on US$1,500/oz gold, mining cost of US$1.60/t, processing cost of US$16.00/t and pit slope of 47 degrees.
    • A technical report documenting the Crucero resource estimate will be filed under the Companyꞌs profile on SEDAR in due course.  There is no new material scientific or technical information respecting the Crucero Project since the effective date of the resource estimate.

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