Halifax, NS – GoGold Resources Inc. (TSX: GGD) (OTCQX: GLGDF) (“GoGold”, “the Company”) is pleased to report production for the quarter ending March 31, 2022 of 455,991 silver equivalent ounces, consisting of 186,655 silver ounces, 2,791 gold ounces, and 125 tonnes of copper.
“Parral continues to provide meaningful cash flow contributing to the general and administrative costs and the Los Ricos exploration budget,” said Brad Langille, President and CEO. “Parral continues to be a steady source of cash flow while the Los Ricos project is the major driver of shareholder value for the
Company.”
Table 1: Quarterly Production Summary
Quarter Ended Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022
Silver Production (oz) 298,591 302,933 315,632 221,202 195,678 186,655
Gold Production (oz) 3,632 3,208 3,170 3,437 2,558 2,791
Copper Production (tonnes) 125 86 120 138 123 125
Silver Equivalent Production (oz)1 614,149 551,207 575,302 526,044 444,071 455,991

1. “Silver equivalent production” include gold ounces and copper tons produced and converted to a silver equivalent based on a ratio of the average market metal price for each period. The gold:silver ratio for each of the periods presented was: Dec 2020 – 76, Mar 2021 – 69, Jun 2021 – 68, Sep 2021 – 73, Dec
2021 – 77, Mar 2022 – 77. The copper:silver ratios were: Dec 2020 – 305, Mar 2021 – 320, June 2021 – 369, Sep 2021 – 383, Dec 2021 – 417, Mar 2022 – 411.

Mr. Robert Harris, P.Eng. is the qualified person as defined by National Instrument 43-101 and is responsible for the technical information of this release.

About GoGold Resources
GoGold Resources (TSX: GGD) is a Canadian-based silver and gold producer focused on operating, developing, exploring and acquiring high quality projects in Mexico. The Company operates the Parral Tailings mine in the state of Chihuahua and has the Los Ricos South and Los Ricos North exploration projects in the state of Jalisco. Headquartered in Halifax, NS, GoGold is building a portfolio of low cost, high margin projects. For more information visit gogoldresources.com

For further information please contact:
Steve Low
Corporate Development
GoGold Resources
T: 416 855 0435
E: steve@gogoldresources.com