Goldgroup Provides Permitting and Project Update at Caballo Blanco

NEWS RELEASE.

June 12, 2012: Vancouver, BC – Goldgroup Mining Inc. (Stock Profile – TSX: GGA & OTC:GGAZF) announce that it has completed the next stage of its permitting process at the Caballo Blanco project by submitting responses to the list of comments from the Secretaría de Medio Ambiente y Recurso Naturales (“SEMARNAT”), also known as the Ministry of Environmental and Natural Resources, received on March 13, 2012, regarding its previously submitted Environmental Impact Statement (“EIS”).

Goldgroup’s responses were filed within the 60 working day timeframe provided by SEMARNAT. The responses are standard procedure in the environmental permitting process and are meant to clarify certain aspects of Goldgroup’s permit application, as well as facilitate SEMARNAT’s review of the EIS. The environmental permitting process is governed by Mexican federal law and regulations.

As previously disclosed, Goldgroup requires two independent environmental permits in order to commence construction at the Caballo Blanco project. The two permits are the EIS and the Estudio Técnico Justificativo para Cambio de Uso de Suelo” (“ETJ”), also known as the Change of Soil Use Permit. To learn more about the permitting process – CLICK HERE.

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