GOGOLD RESOURCES INC.

Halifax, NS – GoGold Resources Inc. (TSX: GGD) (“GoGold”, “the Company”) reports total comprehensive income of $42.9 million and net income of $30.0 million for the three months ended December 31, 2017. The Corporation structured the sale of Santa Gertrudis to utilize existing tax loss carryforwards and expects to pay no corporate income tax associated with the transaction. With the gross proceeds from the transaction of $80 million before a retained 2% net smelter royalty, the Corporation’s net working capital position improved to $44.3 million from a deficiency at September 30, 2017 of $10.4 million. (All amounts are in U.S. dollars). Parral generated revenue of $5.8 million on the sale of 366,374 silver equivalent ounces at an average realized price of $15.92. This marks the fifth consecutive quarter that revenue has increased at the Parral project. Cash costs in the current quarter were $11.69 per silver equivalent ounce, costs have increased due to the reprocessing of tailings which will be completed in the quarter ending March 31, 2018, after which costs are expected to decrease. During the quarter, the Company stacked 361,934 tonnes, which were all reprocessed tailings. The Corporation closed the sale of Santa Gertrudis on November 2, 2017 to Agnico Eagle Mines Limited for cash consideration, net of transaction costs, of $76.8 million, which resulted in a pre-tax gain, after deducting the net carrying value of the Santa Gertrudis assets, of $54.3 million on the project which was initially acquired in 2014. The Corporation retained a 2% net smelter royalty on the Santa Gertrudis property, for which no value has been ascribed in the transaction. “The Company now has a strong balance sheet with no debt, production growth with lowering costs, and is well positioned to strengthen and advance its business.” said Brad Langille, CEO.

HALIFAX, NOVA SCOTIA - (November 2, 2017) - GoGold Resources Inc. (“GoGold” or the “Company”) (TSX:GGD) announces that it has completed its previously announced sale to Agnico Eagle Mines Limited (“Agnico”) of the Santa Gertrudis gold project (the “Project”), located in Sonora, Mexico (the “Transaction”). Pursuant to the Transaction the Company received total cash consideration of US$80 million (less a working capital adjustment of US$379,978) and was granted a 2% NSR on the Project, 50% of which may be repurchased at any time for US$7.5 million. The Company has applied the net proceeds of the Transaction to repay in full the US$46.5 million outstanding under its existing senior revolving credit facility with the Bank of Montreal (the “Facility”), to repay the principal and interest on the US$7.5 million subordinated secured term loan advanced by Agnico to the Company and for general working capital purposes. Following the completion of the Transaction the Facility was terminated. Brad Langille, President and CEO of GoGold stated, “We are very pleased to complete this Transaction with Agnico. We believe GoGold shareholders are well positioned to benefit from the future potential of Santa Gertrudis through our retained royalty. After this Transaction GoGold will be debt free with a strong cash balance which positions the Company well as the Parral Tailings project ramps up to its full production potential, while also allowing us to continue to pursue further opportunities.”

Unser Einstieg bei GoGold hat sich gelohnt. Wir fahren auch hier nun unser Exposure leicht zurück und freuen uns über die Mitnahme von 45% Gewinn innerhalb von wenigen Wochen.