GoldMining : DATE AND SIGNATURE PAGE - Form 6-K

["Signed and Sealed"] Scott E. Wilson

Scott E. Wilson, C.P.G.

Geologist

["Signed and Sealed"] Paul Hosford

Paul Hosford, P. Eng.

Metallurgical Engineer

["Signed and Sealed"] Michael Cole

Michael Cole, SME Registered Member

Mining Engineer

GoldMining Inc.

NI 43-101 Report - La Mina Project

1.

I am currently employed as President by Resource Development Associates Inc., Highlands Ranch, Colorado 80126.

2.

I graduated with a Bachelor of Arts degree in Geology from the California State University, Sacramento in 1989.

3.

I am a Certified Professional Geologist and member of the American Institute of Professional Geologists (CPG #10965) and a Registered Member (#4025107) of the Society for Mining, Metallurgy and Exploration, Inc.

4.

I have been employed as both a geologist and a mining engineer continuously for 34 years. My experience included resource estimation, mine planning, geological modeling, geostatistical evaluations, project development, and authorship of numerous technical reports and preliminary economic assessments of various projects throughout North America, South America and Europe. I have employed and mentored mining engineers and geologists continuously since 2003.

5.

I have read the definition of "Qualified Person" set out in National Instrument 43-101 ("NI 43-101) and certify that by reason of my education, affiliation with a professional association (as defined in NI 43-101) and past relevant work experience, I fulfill the requirements to be a "Qualified Person" for the purposes of NI 43-101.

6.

I visited the Project and surrounding area October 12 and 13, 2022.

7.

I am responsible for all parts of Section 1 through Section 12, Section 14 and 15, Section 18 through Section 20 and Sections 23 through Section 27.

8.

I am independent of the Issuer as independence is described in Section 1.5 of NI 43-101.

9.

I have been involved with the property as a qualified person since 2012.

10.

I have read NI 43-101 and Form 43-101F1, and this Technical Report was prepared in compliance with NI 43-101.

11.

As of the effective date of this Technical Report, to the best of my knowledge, information and belief, the portions of the Technical Report for which I am responsible contain all scientific and technical information that is required to be disclosed to make the portions of the Technical Report for which I am responsible not misleading.

["Signed and Sealed"]

Scott E. Wilson, C.P.G.

GoldMining Inc.

NI 43-101 Report - La Mina Project

1.

I am currently employed as Principal, PMet Services, BC, Canada.

2.

I graduated with a Bachelor of Sciences degree in Chemical Engineering from the University of Edinburgh, Scotland in 1982.

3.

I am a Professional Engineer registered member of the Engineers and Geoscientists of BC, and a member of the Canadian Institute of Mining and Metallurgy.

4.

I have been employed as both a metallurgical engineer and project manager continuously for a total of 35 years. My experience included metallurgical test work planning and management, process plant design, project development and implementation, and authorship of numerous technical reports and preliminary economic assessments of various projects throughout North America, South America and Africa.

5.

I have read the definition of "Qualified Person" set out in National Instrument 43-101 ("NI 43-101) and certify that by reason of my education, affiliation with a professional association (as defined in NI 43-101) and past relevant work experience, I fulfill the requirements to be a "Qualified Person" for the purposes of NI 43-101.

6.

I have not visited the Project site.

7.

I am responsible for Sections 13, 17, Section 21.1.2 and Section 21.4 of the Technical Report.

8.

I am independent of the Issuer as independence is described in Section 1.5 of NI 43-101.

9.

Prior to being retained by the Issuer, I have not had prior involvement with the property that is the subject of the Technical Report.

10.

I have read NI 43-101 and Form 43-101F1, and this Technical Report was prepared in compliance with NI 43-101.

11.

As of the effective date of this Technical Report, to the best of my knowledge, information and belief, the portions of the Technical Report for which I am responsible contain all scientific and technical information that is required to be disclosed to make the portions of the Technical Report for which I am responsible not misleading.

["Signed and Sealed"]

Paul Hosford P. Eng.

GoldMining Inc.

NI 43-101 Report - La Mina Project

1.

I am currently employed as Principal Mining Engineer by Mine Planners, Roanoke, Virginia.

2.

I graduated with a Bachelor of Science degree in Mining and Minerals Engineering from the Virginia Polytechnic Institute and State University in 2005.

3.

I am a Registered Member (#4130807) of the Society for Mining, Metallurgy and Exploration, Inc.

4.

I have been employed as a mining engineer continuously for a total of 18 years. My experiences include resource estimation, mine planning, cash-flow analysis and pit optimizations for numerous technical reports and preliminary economic assessments of various projects throughout North America and South America. I have been involved with mine supervision and management in several open pit mining operations, mining equipment purchases and mine construction projects. I have prepared operational mine plans and budgets that have performed as designed. I have held positions of Senior Mining Engineer, Chief Mining Engineer, Mine Planning Manager, Mine Manager and Principal Mining Engineer.

5.

I have read the definition of "Qualified Person" set out in National Instrument 43-101 ("NI 43-101) and certify that by reason of my education, affiliation with a professional association (as defined in NI 43-101) and past relevant work experience, I fulfill the requirements to be a "Qualified Person" for the purposes of NI 43-101.

6.

I visited the Project and surrounding area on March 30, 2022.

7.

I am responsible for Section 16, Section 21 (except for Section 21.1.2 and Section 21.4) and Section 22 of the Technical Report.

8.

I am independent of the Issuer as independence is described in Section 1.5 of NI 43-101.

9.

Prior to being retained by the Issuer, I have had prior involvement with the property working for Bellhaven Copper and Gold, the prior issuers on the Property.

10.

I have read NI 43-101 and Form 43-101F1, and this Technical Report was prepared in compliance with NI 43-101.

11.

As of the effective date of this Technical Report, to the best of my knowledge, information and belief, the portions of the Technical Report for which I am responsible contain all scientific and technical information that is required to be disclosed to make the portions of the Technical Report for which I am responsible not misleading.

["Signed and Sealed"]

Michael Cole, SME Registered Member

GoldMining Inc.

NI 43-101 Report - La Mina Project

1

Summary

1.1

La Mina Mineral Resource Estimate

1.2

Preliminary Economic Assessment

1.3

Mineralization

1.4

Metallurgy

1.5

Conclusions and Recommendations

2

Introduction

2.1

Purpose of Technical Report

2.1.1

Personal Inspection

2.1.1.1

Units of Measure - Abbreviations

2.1.1.2

Acronyms and Symbols

3

Reliance on Other Experts

4

Property Description and Location

4.1

Area and Location

4.2

Mineral Tenure

4.3

SurFace Rights Agreements

4.4

General

5

Accessibility, Climate, Local Resources, Infrastructure and Physiography

5.1

Access and Infrastructure

5.2

Physiography

5.3

Climate

6

History

6.1

Exploration Prior to 2002

6.2

Exploration 2002 - 2008

6.3

AGA Drilling

7

Geological Setting and Mineralization

7.1

Regional Geology

7.2

Property Geology

7.3

Intrusive Rocks

7.3.1

X2 Porphyry (X2)

7.3.2

X1 Porphyry (X1)

7.3.3

X3 Porphyry (x3)

7.3.4

La Cantera Porphyry (C1)

7.3.5

El Limon Porphyry (L1)

7.3.6

El Limon Porphyry (L2)

7.3.7

El limon Porhyry (L3)

7.3.8

G1 Porphyry (G1)

7.3.9

G2 Porphyry (G2)

7.3.10

G4 Porphyry (G4)

7.3.11

Intrusive Breccias

GoldMining Inc.

NI 43-101 Report - La Mina Project

7.4

Volcanic Rocks

7.5

Structure

7.6

La Cantera Prospect Geology

7.7

La Cantera Prospect Alteration

7.8

La Cantera Prospect Mineralization

7.9

Middle Zone Prospect Geology

7.10

Middle Zone Prospect Alteration

7.11

Middle Zone Propsect Mineralization

7.12

La Garrucha Prospect Geology

7.13

La Garrucha Prospect Alteration

7.14

La Garrucha Prospect Mineralization

7.15

El Limon PROSPECT Geology

7.16

El Limon Propsect Alteration

7.17

El Limon Prospect Mineralization

8

Deposit Types

9

Exploration

10

Drilling

10.1

La Cantera Drilling

10.2

Middle Zone Drilling

10.3

La Garrucha Drilling

10.4

El Limon Drilling

10.5

Trenching

10.6

Rock Sampling and Soil Geochemistry

11

Sample Preparation, Analyses, and Security

11.1

Sample preparation Prior to 2022

11.2

2022 Sample Preparation Procedures

11.3

Standard, Blank, and Duplicate Samples

11.3.1

Standard, Blank, and Duplicate Samples Prior to 2022

11.3.2

Standard Results Subsequent to LMDDH-010

11.3.3

Blank results Prior to 2022

11.3.4

Duplicate Types and results Prior to 2022

11.3.4.1

Independent Check Assay Program

11.4

Goldmining Standard, Blank and Duplicate Samples

11.4.1

Goldmining Standard Results

11.4.2

GoldMining Blank Results

11.4.3

GoldMining Duplicate Types and results

11.5

GoldMining Independent Check Assay Program

11.6

Summary of QA/QC Program

12

Data Verification

12.1

Current Inspection and Data Validation

12.2

Verification Check Samples

13

Mineral Processing and Metallurgical Testing

GoldMining Inc.

NI 43-101 Report - La Mina Project

13.1

Summary

13.2

Metallurgy Introduction

13.3

Metallurgical Test Work

13.3.1

Sample Preparation and Characterization

13.4

In-Place Bulk Densities

13.5

Ball Mill Work Indicies

13.6

Gravity Tests

13.7

Whole Ore Cyanidation Leach tests

13.8

Flotation Tests

13.9

ALS Metallurgical test Program (2022)

13.9.1

Characteristics of the Samples

13.9.1.1

Ore Hardness

13.9.1.2

Chemical and Mineral Content

13.9.1.3

Mineral Fragmentation

13.9.2

Test Results

13.9.2.1

Rougher Flotation Tests

13.9.2.2

Cleaner Flotation Tests

13.9.2.3

Whole ROCK Cyanidation Tests

13.9.2.4

Flotation Tail Cyanidation Tests

13.10

Conclusions

13.11

Recommendations

14

Mineral Resource Estimates

14.1

La Cantera Mineral Resource Estimate

14.1.1

Database for Geologic Model

14.1.2

Geologic Model

14.1.3

Topography

14.1.4

Block Model

14.1.5

Grade Estimation

14.1.6

Block Model Validation

14.1.7

Density

14.1.8

Inferred and Indicated Mineral Resources

14.2

Middle Zone Mineral Resource Estimate

14.2.1

Database for Geologic Model

14.2.2

Geologic Model

14.2.3

Topography

14.2.4

Block Model

14.2.5

Grade Estimation

14.2.6

Density

14.2.7

Pit Constraining Optimization Criteria

14.2.8

Inferred and Indicated Mineral resources

14.3

La Garrucha Mineral Resource Estimate

14.3.1

Database

GoldMining Inc.

NI 43-101 Report - La Mina Project

14.3.2

Data Analysis

14.3.3

Grade Capping - Handling of Outliers

14.3.4

Compositing

14.3.5

Cell Declustering

14.3.6

Contact Profile Analysis

14.3.7

Anisotropy

14.3.8

Block Model

14.3.9

Grade Estimation

14.3.10

Model Validation

14.3.11

Density

14.3.12

Pit Constraining Optimization Criteria

14.3.13

Inferred and Indicated Mineral resources

14.4

La Mina Mineral Resources

15

Mineral Reserve Estimates

16

Mining Methods

16.1

Geotechnical and Hydrological Considerations

16.2

Mine Optimization

16.3

Pre-Stripping Requirements

16.4

Mine Production Schedule

16.5

Mine Configuration

16.5.1

Waste Rock Storage Facilities

16.6

Mining Fleet

16.6.1

Drilling and Blasting

16.6.2

Loading and Hauling

16.6.3

Support Equipment

17

Recovery Methods

17.1

Process Plant

17.2

Operating Schedule and Availability

17.3

Processing Facilities

17.3.1

Primary Crushing and coarse ore stockpile

17.3.2

Grinding Circuit

17.3.3

Flotation and Regrind

17.3.4

Copper Concentrate Thickening, Filtration and Handling

17.3.5

Cyanide Leach, Gold Adsorption, Stripping and Carbon Handling.

17.4

Process plant Tails

17.5

Reagent Handling and Storage

17.6

Process Plant Service Systems

18

Project Infrastructure

18.1

Access

18.2

Power

18.3

Labor

18.4

Water

GoldMining Inc.

NI 43-101 Report - La Mina Project

18.5

Security

18.6

Waste Rock Disposal

18.7

Tailings Disposal

19

Market Studies and Contracts

20

Environmental Studies, Permitting and Social or Community

21

Capital and Operating Costs

21.1

Initial Capital Cost Estimate

21.1.1

Pre-Stripping

21.1.2

Processing Plant Initial Capital

21.2

Sustaining Capital Cost Estimate

21.3

Mining Operating Cost

21.4

Processing Operating Cost

21.5

G&A Costs

22

Economic Analysis

22.1

Key Performance Parameters

22.2

Taxes, royalties and Other Interests

22.3

Cash Flow

22.4

Sensitivity

22.5

Cash Costs

23

Adjacent Properties

24

Other Relevant Data and Information

25

Interpretation and Conclusions

25.1

Preliminary Economic Assessment

25.2

Metallurgy

25.3

Mining

26

Recommendations

26.1

Resource Development

26.2

Metallurgical Testing

27

References

GoldMining Inc.

NI 43-101 Report - La Mina Project

Table 1-1 La Mina Mineral Resource Estimate (Effective Date December 20, 2022. Qualified Person: Scott Wilson CPG. Cut-off Grade 0.30 g/t Au)

Table 1-2 PEA Financial Summary

Table 1-3 PEA Technical Summary

Table 1-4 PEA Production and Payable Metal Summary

Table 1-5 Proposed Phase 1 Work Program to advance La Mina

Table 4-1 La Mina Property Ownership

Table 6-1 AGA Drill Results

Table 7-1 Lithological Descriptions

Table 9-1 Drilling Completed by Bellhaven at La Mina

Table 10-1 La Cantera Drilling - All Holes

Table 10-2 La Cantera Deposit Significant Intercepts Through February 2012

Table 10-3 Middle Zone Collar Surveys

Table 10-4 Middle Zone deposit Drilling Subsequent to the 2012 Resource

Table 10-5 La Garrucha Drill Holes Location and Depth

Table 10-6 La Garrucha Significant Drill Core Intercepts

Table 10-7 El Limon Drill Holes and Locations

Table 10-8 El Limon Significant Drill Intercepts

Table 11-1 Certified Reference Material

Table 12-1 2022 Site Visit Data Verification Samples

Table 13-1 Description of Composite Samples

Table 13-2 Head Analysis of Bellhaven Samples

Table 13-3 Proportion of Different Forms of Copper in the Bellhaven Samples

Table 13-4 ICP Analyses of Composite Samples

Table 13-5 Bond's Ball Mill Work Index @ 150 µm.

Table 13-6 Cyanidation Leach Test Results (P₈₀ = 75 µm)

Table 13-7 Carbon-in-Leach (CIL) Test Results

Table 13-8 Flotation Process Test Parameters

Table 13-9 Flotation Test Results for Composite No. 1

Table 13-10 Flotation Test Results for Composite No. 2

Table 13-11 Flotation Test Results for Composite No. 3

Table 13-12 Flotation Test Results for Composite No. 4

GoldMining Inc.

NI 43-101 Report - La Mina Project

Table 13-13 Head Assays - CuOx represents Cu solubilized in a weak sulphuric acid digestion, CuCN by sodium cyanide digestion

Table 13-14 Mineral Content

Table 13-15 Concentrate ICP Analysis

Table 14-1 La Mina Block Model Details

Table 14-2 Parameters for Ordinary Kriging Based on Nested Variography

Table 14-3 Cut-Off grade and Pit Constraining Parameters

Table 14-4 Pit Constrained Mineral Resources for La Cantera

Table 14-5 Mineral Resources at 0.30 g/t Cut-off for La Cantera. Effective Date December 20, 2022, Qualified Person Scott Wilson

Table 14-6 Total Project Drill Holes

Table 14-7 La Mina Block Parameters

Table 14-8 Middle Zone Capping Criteria

Table 14-9 Pit Constrained Resources for Middle Zone

Table 14-10 Total Resources with 0.30 g/t Cut-off for Middle Zone. Effective Date December 20, 2022, Qualified Person Scott Wilson

Table 14-11 Total Project Drill Holes

Table 14-12 Mineralized assay statistics for La Garrucha

Table 14-13 La Garrucha Assay Capping Statistics

Table 14-14 Model extents

Table 14-15 Comparison of NN estimates to IDW estimates for the 2023 MRE

Table 14-16 Pit Metal sensitivities for La Garrucha

Table 14-17 Mineral Resources at a 0.30g/t Cut-off for the La Garrucha MRE. Effective Date December 20, 2022, Qualified Person Scott Wilson

Table 14-18 Pit Constrained Sensitivity Estimates for the La Mina Project (La Cantera, Middle Zone and La Garrucha Combined)

Table 14-19 Total Indicated and Inferred Resources for La Mina Project (Cut-off Grade 0.30 g/t Au) Effective Date December 20, 2022, Qualified Person Scott Wilson

Table 16-1 Whittle Parameters

Table 16-2 Mine Schedule including Stripping.

Table 16-3 Mine Schedule and Annual Mill Feed Grades by Pit

Table 16-4 Mill Feed

Table 16-5 Breakdown of Resource Classification within the Mine Plan

Table 16-6 Mining Fleet Requirements

Table 16-7 Drill and Blast Parameters

GoldMining Inc.

NI 43-101 Report - La Mina Project

Table 21-1 Initial Capital Costs

Table 21-2 Pre-Stripping Initial Capital Costs

Table 21-3 Processing Plant Initial Capital

Table 21-4 Total Sustaining Capital

Table 21-5 Mining Equipment Capital Costs

Table 21-6 Mining Operational Sustaining Capital Costs

Table 21-7 Mining Peak Labor Headcount and Average LOM Operating Cost Summary

Table 21-8 Summary Process Operating Cost Estimate

Table 22-1 La Mina Project Key Parameters and Assumptions

Table 22-2 Project Royalties

Table 22-3 Annual Material Movement, Metal Production and Gross Revenue

Table 22-4 Annual Cash Flow

Table 22-5 Economic Results

Table 22-6 Sensitivity of Estimated NPV and IRR (After-Tax) to Variation in Gold Price

Table 22-7 Cash Costs

Table 25-1 NPV and IRR Sensitivity to Gold Price, After-Tax

Table 26-1 Proposed Phase 1 Work Program to advance La Mina

Table 26-2 Future Metallurgical Test Work Cost Estimate

GoldMining Inc.

NI 43-101 Report - La Mina Project

Figure 4-1 La Mina Property, Colombia

Figure 4-2 La Mina Project Location and Access Map

Figure 6-1 Portion of Aerial Magnetics. Illustrates the prominent magnetic features interpreted from aerial geophysics flown by the Avasca Joint venture in 2007. The high magnetic response of the La Cantera porphyry stock, at the southern end of the red rectangular block, is clearly visible.

Figure 7-1 Geomorphological Regions of Colombia Showing the Approximate Location of La Mina

Figure 7-2 Tectonic Map of Colombia

Figure 7-3 Generalized Geologic Map of the La Mina Project Area

Figure 7-4 Surface Geology of the La Cantera Prospect Showing the Location of the Drill Holes

Figure 7-5 North-South Cross Section (Looking West) of Geology through the La Cantera Deposit

Figure 7-6 LMDDH-008-288m. C1 Porphyry with Pervasive Biotite-Magnetite Alteration of the Matrix and Actinolite Alteration of Primary Magmatic Mafic Phenocrysts

Figure 7-7 LMDDH-016 392.5m. C1 Breccia with Potassic Alteration (Magnetite-k-Feldspar +/- Actinolite) Cut by Sheeted Magnetite Veins, Quartz Magnetite Stockwork Veins and Late Pyrite-filled Fractures

Figure 7-8 Drill Hole Intercepts with >0.5g/t Au in the La Cantera Prospect

Figure 7-9 Surface Geology and Drill Holes Used in Resource Estimate at Middle Zone Prospect

Figure 7-10 NE-SW Cross Section through Middle Zone, Showing Significant Intercepts. Labels A and B Refer to the Two Distinct Mineralization Types

Figure 7-11 Surface Geology of Drill Holes at La Garrucha

Figure 7-12 NE-SW La Garrucha Cross Section

Figure 7-13 NE-SW La Garrucha Cross Section

Figure 7-14 El Limon Prospect Geology

Figure 9-1 Exploration Targets at La Mina Project

Figure 9-2 Magnetic Susceptibility Model at 100 m Depth.

Figure 10-1 La Mina Drill Collar Monuments

Figure 11-1 Reference Material CU156 Performance for Au

Figure 11-2 Reference Material CU157 Performance for Au

Figure 11-3 Reference Material CU158 Performance for Au

Figure 11-4 Reference Material CU159 Performance for Au

Figure 11-5 Reference Material CU164 Performance for Au

Figure 11-6 Reference Material CU175 Performance for Au

Figure 11-7 Reference Material CU184 Performance for Au

GoldMining Inc.

NI 43-101 Report - La Mina Project

Figure 11-8 Reference Material CM13 Performance for Au

Figure 11-9 Reference Material CM14 Performance for Au

Figure 11-10 Reference Material CGS27 Performance for Au

Figure 11-11 Reference Material PM434 Performance for Au

Figure 11-12 Reference Material PM436 Performance for Au

Figure 11-13 Reference Material PM438 Performance for Au

Figure 11-14 Reference Material PM446 Performance for Au

Figure 11-15 Reference Material PM447 Performance for Au

Figure 11-16 Reference Material CU156 Performance for Cu

Figure 11-17 Reference Material CU157 for Cu

Figure 11-18 Reference Material CU158 Performance for Cu

Figure 11-19 Reference Material CU159 Performance for Cu

Figure 11-20 Reference Material CU164 Performance for Cu

Figure 11-21 Reference Material CU175 Performance for Cu

Figure 11-22 Reference Material CU184 Performance for Cu

Figure 11-23 Reference Material CM13 Performance for Cu

Figure 11-24 Reference Material CM14 Performance for Cu

Figure 11-25 Reference Material CGS27 Performance for Cu

Figure 11-26 Reference Material - Blank BL110 Performance for Au

Figure 11-27 Reference Material - Blank BL111 Performance for Au

Figure 11-28 Reference Material - Blank BL112 Performance for Au

Figure 11-29 Reference Material - Blank BL113 Performance for Au

Figure 11-30 Reference Material - Blank BL115 Performance for Au

Figure 11-31 Reference Material - Blank BL110 Performance for Cu

Figure 11-32 Reference Material - Blank BL111 Performance for Cu

Figure 11-33 Reference Material - Blank BL112 Performance for Cu

Figure 11-34 Reference Material - Blank BL113 Performance for Cu

Figure 11-35 Reference Material - Blank BL115 Performance for Cu

Figure 11-36 Au Analyses (FA AA) for Preparation Duplicate Samples

Figure 11-37 Au Analyses (FA AA) for Preparation Duplicate Samples

Figure 11-38 Au Analyses (FA AA) for Preparation Duplicate Samples

Figure 11-39 Cu Analyses (ICP-AES) for Preparation Duplicate Samples

Figure 11-40 Cu Analyses (ICP-AES) for Preparation Duplicate Samples

GoldMining Inc.

NI 43-101 Report - La Mina Project

Figure 11-41 Cu Analyses (ICP-AES) for Preparation Duplicate Samples

Figure 11-42 Original vs Check Sample Comparison for Middle Zone - Au The Blue Dotted lines are +/- 10% from the Mean

Figure 11-43 Original vs Check Sample Comparison for Middle Zone - Cu The Blue Dotted Lines are +/- 10% from the Mean

Figure 11-44 Original Assays vs Rechecks - with Outliers Rejected

Figure 11-45 Reference Material BH12002X Performance for Au

Figure 11-46 Reference Material BH12002X Performance for Cu

Figure 11-47 Reference Material BH12003X Performance for Au

Figure 11-48 Reference Material BH12003X Performance for Cu

Figure 11-49 Reference Material BH12004X Performance for Au

Figure 11-50 Reference Material BH12004X Performance for Cu

Figure 11-51 Reference Material - Blank BH12001X Performance for Au

Figure 11-52 Reference Material - Blank BH12001X Performance for Cu

Figure 11-53 Core Blank Performance for Au

Figure 11-54 Core Blank Performance for Cu

Figure 11-55 Au Analyses (FA AA) for GMI Field Duplicate Samples

Figure 11-56 Cu Analyses (ICP) for GMI Field Duplicate Samples

Figure 11-57 Au Analyses (FA AA) for GMI Preparation Coarse Duplicate Samples

Figure 11-58 Cu Analyses (ICP) for GMI Preparation Coarse Duplicate Samples

Figure 11-59 Au Analyses (FA AA) for GMI Preparation Pulp Duplicate Samples

Figure 11-60 Cu Analyses (ICP) for GMI Preparation Pulp Duplicate Samples

Figure 11-61 Original vs Independent Check Assay Comparison for GMI drilling at La Garrucha - Au

Figure 11-62 Original vs Independent Check Sample Comparison for GMI drilling at La Garrucha - Cu

Figure 11-63 Changes in the Magnitude of Difference between Standards and Blanks for Copper Plotted against Date of Analysis

Figure 12-1 Gravel road from Fredonia town to La Mina Project

Figure 12-2 Gate at the entrance of the facilities provides security to the drill cores, and other reliable information

Figure 12-3 Geology office and accommodation house

Figure 12-4 Electricity supply by regional grid interconnection

Figure 12-5 Warehouse drill-core storage

Figure 12-6 Pulp rejects storage

Figure 12-7 Core shed for core logging and sampling

GoldMining Inc.

NI 43-101 Report - La Mina Project

Figure 12-8 Technician demonstrating core cutting procedures

Figure 12-9 Core logging facilities

Figure 12-10 and Figure 12-11 Geology and model review by plan view and systematic sections - La Mina, Fredonia

Figure 12-12 Well organized core trays storage

Figure 12-13 ¼-core for duplicate checks ready for sampling as prepared under the supervision of the QP during the current site visit

Figure 13-1 Particle Mineral Analysis

Figure 13-2 Rougher Flotation Flowsheet

Figure 13-3 Cleaner Kinetics Flowsheet

Figure 13-4 Whole Ore Cyanidation Results

Figure 13-5 Flotation Tail Cyanidation Results

Figure 14-1 Distribution of Lithology

Figure 14-2 Distribution of Major Lithologies at La Cantera

Figure 14-3 Incremental Histogram for La Cantera Gold Data

Figure 14-4 Incremental Histogram for La Cantera Silver Data

Figure 14-5 Incremental Histogram for La Cantera Copper Data

Figure 14-6 Bellhaven Geologic Interpretation Section LC419105

Figure 14-7 Bellhaven Sections with Geologic Interpretation for La Cantera

Figure 14-8 Bench Section Profiles of C and X in Vulcan

Figure 14-9 Bench Section Profiles Including Volcanic Buffer

Figure 14-10 Wireframes of C, X and Volcanic Boundaries

Figure 14-11 Block Model Showing Lithology of La Cantera

Figure 14-12 La Cantera Ellipsoids

Figure 14-13 La Cantera Block Model Slice Showing Pit Constrained Au Estimated Grades

Figure 14-14 La Cantera Block Slice Showing Pit Constrained Cu Estimated Grades

Figure 14-15 Plan View of Middle Zone Drilling

Figure 14-16 Isometric View of Middle Zone Drilling

Figure 14-17 Distribution of Lithology - Middle Zone

Figure 14-18 Distribution of Major Lithologies - Middle Zone

Figure 14-19 Histogram for Middle Zone Gold Data

Figure 14-20 Histogram of Silver Data - Middle Zone

Figure 14-21 Cu Histogram Distribution

Figure 14-22 Bellhaven Geologic Interpretation Section MZ_315_J

GoldMining Inc.

NI 43-101 Report - La Mina Project

Figure 14-23 Middle Zone Sections with Geologic Interpretation

Figure 14-24 Bench Section Profiles of X1, X2 and X3

Figure 14-25 Bench Section Profiles including L1 and Volcanic Lithologies

Figure 14-26 Wireframes of X1, X2 and X3 Boundaries

Figure 14-27 Wireframes of L1, Volc, X3 and X1 Boundaries

Figure 14-28 Block Model showing Lithology of Middle Zone

Figure 14-29 Middle Zone Block Model Slice showing Pit Constrained Au Estimated Grades

Figure 14-30 Middle Zone Block Model Slice Showing Pit Constrained Cu Estimated Grades

Figure 14-31 Uncapped gold grade distribution by lithologic unit

Figure 14-32 Uncapped copper grade distribution by lithologic unit

Figure 14-33 Uncapped silver grade distribution by lithologic unit

Figure 14-34 Capped Au Assay Box Plot Statistics

Figure 14-35 Capped Cu Assay Box Plot Statistics

Figure 14-36 Capped Ag Assay Box Plot Statistics

Figure 14-37 Composite Au Box Plot Statistics

Figure 14-38 Composite Cu Box Plot Statistics

Figure 14-39 Composite Ag Box Plot Statistics

Figure 14-40 La Garrucha Au declustering results

Figure 14-41 La Garrucha Au declustering results

Figure 14-42 La Garrucha Au declustering results

Figure 14-43 Gold Contact profile between G1 and G2

Figure 14-44 Gold Contact between G2 and G4

Figure 14-45 Copper Contact profile between G1 and G2

Figure 14-46 Copper Contact between G2 and G4

Figure 14-47 La Garrucha Anisotropy

Figure 14-48 Visual comparison of composite database with estimated Au grades for La Garrucha

Figure 14-49 Scattergram comparing global estimated Au grade to composite database Au values

Figure 14-50 Scattergram comparing global estimated Cu grade to composite database Cu values

Figure 14-51 Scattergram comparing global estimated Ag grade to composite database Ag values

Figure 16-1 Graph of Yearly Mine Schedule and Strip Ratio

Figure 16-2 Graph of Yearly Mill Feed by Pit and Head Grade

Figure 16-3 Pit Locations and Conceptual Site Layout

Figure 16-4 Equipment Requirements by Year

GoldMining Inc.

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Figure 17-1 Process Flow Schematic

Figure 22-1 Sensitivity of Estimated NPV @ 5% After-Tax for Changes in Costs and Metal Prices

Figure 22-2 Sensitivity of Estimated IRR After-Tax for Changes in Costs and Metal Prices

GoldMining Inc.

NI 43-101 Report - La Mina Project

1

SUMMARY

1.1

LA MINA MINERAL RESOURCE ESTIMATE

GoldMining Inc.

NI 43-101 Report - La Mina Project

Grades

Contained Metal

Metric

Tonnes
('000)

Au (g/t)

Ag

(g/t)

Cu (%)

AuEq (g/t)

Au

(oz)

Ag

(oz)

Cu

(lbs, '000)

AuEq

(oz)

Indicated Resources

La Cantera

17,614

0.86

2.03

0.31

1.33

487,009

1,149,569

120,460

753,166

La Garrucha

7,358

0.65

3.14

0.11

0.85

153,764

742,797

17,762

201,076

Middle Zone

8,800

0.54

1.28

0.11

0.71

152,777

362,138

21,185

200,873

Total

33,772

0.73

2.08

0.21

1.06

793,550

2,254,504

159,407

1,149,591

Inferred Resources

La Cantera

11,175

0.71

1.85

0.30

1.15

255,086

664,661

72,709

413,168

La Garrucha

44,107

0.55

2.46

0.10

0.72

779,922

3,488,379

96,846

1,020,989

Middle Zone

949

0.47

1.15

0.09

0.62

14,340

35,087

1,873

18,916

Total

56,231

0.58

2.32

0.14

0.80

1,049,348

4,188,126

171,429

1,454,025

1.2

PRELIMINARY ECONOMIC ASSESSMENT

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Parameter

Units

Values

Net Present Value (5%)

Pre-Tax

$ Million

447.3

After-Tax

$ Million

279.5

Internal Rate of Return (IRR)

Pre-Tax

%

20.4

After-Tax

%

15.2

After-Tax Payback

Years

5.6

Pre-production Capital

$ Million

424.8

Sustaining Capital including Closure

$ Million

203.2

Life-of-Mine (LoM) Cash Unit Cost

$/oz

795.0

LoM All-In Sustaining Unit Cost

$/oz

912.0

Metal Prices

Copper

Gold

Silver

$/lb

$/oz

$/oz

3.50

1,750

21.00

Parameter

Units

Values

Mine Life

Years

11.2

Mined Mineralized Material

Million Tonnes

61.3

Process Plant Production Rate

Tonnes/day

15,000

Process Plant Feed Grade

Copper

Gold

Silver

Gold Equivalent

%

g/t

g/t

g/t

0.19

0.72

2.36

1.01

Strip Ratio (Rejected Material : Mineralized Material)

Ratio

5.49

Total On-Site Operating Unit Cost

$/t process

21.26

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Copper

Gold

Silver

Gold Equivalent

Metallurgical Recovery

80%

91%

64%

Production

203.9 Mlbs

1,293 koz

2,983 koz

1,736 koz

Payable

195.7 Mlbs

1,262koz

2,88 koz

1,687 koz

1.3

MINERALIZATION

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1.4

METALLURGY

1.5

CONCLUSIONS AND RECOMMENDATIONS

GoldMining Inc.

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Activity

Amount (US$ M)

Property exploration to test additional porphyry targets

1.0

Drilling Program focusing on resource expansion

1.7

Drill technical services and assaying

0.2

Updated Mineral Resource Estimate

0.1

Updated Preliminary Economic Assessment

0.2

Metallurgical Testing

0.3

Total

3.5

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2

INTRODUCTION

2.1

PURPOSE OF TECHNICAL REPORT

●

An independent opinion as to the technical merits of the Project and the appropriate manner to proceed with continuing exploration and project development.

●

It is intended that this report may be submitted to those Canadian stock exchanges and regulatory agencies that may require it. It is further intended that GoldMining may use the report for any lawful purpose to which it is suited.

2.1.1

PERSONAL INSPECTION

2.1.1.1

UNITS OF MEASURE - ABBREVIATIONS

Unit

Description

%

Percent

°C

Degrees Celsius

cm

Centimeter (Centimetre)

m

Meter (Metre)

bcm

Bank Cubic Metres

g

Grams

g/t

grams per tonne

ha

Hectare (10,000 M²)

kg

Kilogram

km

Kilometer (Kilometre)

KW or kW

Kilowatt

mm

Millimeters (Millimetres)

opt

Ounces Per Ton

ppm

Parts Per Million

SG

Specific Gravity

μm

Microns

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2.1.1.2

ACRONYMS AND SYMBOLS

Term

Description

Ag

Silver

Au

Gold

CIM

Canadian Institute of Mining, Metallurgy and Petroleum

Company

GoldMining

Cu

Copper

ICP

Inductively Coupled Plasma

Ma

Million Years

Masl

Meters above sea level

MMC

Metal Mining Consultants Inc.

NSR

Net Smelter Return

Pb

Lead

Property

La Mina Project

QA

Quality Assurance

QA/QC

Quality Assurance/Quality Control

QC

Quality Control

QP(s)

Qualified Person(s)

RC or RVC

Reverse Circulation

Rdi

Resource Development Inc.

RDA

Resource Development Associates Inc.

RQD

Rock Quality Designation

tpd

Tonnes per day

US

United States

Zn

Zinc

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3

RELIANCE ON OTHER EXPERTS

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4

PROPERTY DESCRIPTION AND LOCATION

4.1

AREA AND LOCATION

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4.2

MINERAL TENURE

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Concession Contract Number

Size Hectares

Registered Title Holder

L5263005

1,794

La Mina Fredonia SAS

HHMM04

1,416

Bellhaven Exploraciones Inc. Sucursal Colombia

4.3

SURFACE RIGHTS AGREEMENTS

●

US$ 75,000 in May 2017 (paid);

●

US$ 75,000 in November 2017 (paid);

●

US$ 75,000 in May 2018 (paid);

●

US$ 75,000 in November 2018 (paid);

●

US$ 25,000 in June 2019 (paid);

●

US$ 25,000 in December 2019 (paid);

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●

US$ 25,000 in June 2020 (paid);

●

US$ 25,000 in December 2020 (paid);

●

US$ 25,000 in June 2021 (paid);

●

US$ 25,000 in December 2021 (paid);

●

US$ 25,000 in June 2022 (paid) and

●

US$ 55,000 in December 2022 (paid).

4.4

GENERAL

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5

ACCESSIBILITY, CLIMATE, LOCAL RESOURCES, INFRASTRUCTURE AND PHYSIOGRAPHY

5.1

ACCESS AND INFRASTRUCTURE

5.2

PHYSIOGRAPHY

5.3

CLIMATE

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6

HISTORY

6.1

EXPLORATION PRIOR TO 2002

6.2

EXPLORATION 2002 - 2008

●

Regional mapping, 1:20,000 scale

●

Property-scale geological mapping: 1:10,000 scale

●

Geochemical sampling, soils and rock

●

Trenching

●

Geophysical surveys: aerial magnetic and radiometrics

●

Drilling: six, core holes totaling 1,453 m (mid-2006) - AGA

●

At the end of 2007, a regional airborne magnetic/radiometric survey was completed over the Property and neighboring ground (Avasca)

●

In early 2008, the aerial geophysics was followed by additional auger soil and rock geochemical sampling programs over the anomalies (Avasca).

●

Various sampling methods have been used to explore the La Mina Property, as follows:

●

Regional-scale soil and rock/trench sampling carried out by AGA in 2002 which led to the discovery of the porphyry mineralization at the La Cantera zone.

●

In 2007/08, additional soil sampling was completed by the Avasca joint venture over the aero-magnetic anomalies identified from their aerial geophysics (2007). This soil sampling was completed on an irregular grid, widely spaced over the entire 1,794 ha Property area (123 samples), but principally focused on the area around the La Cantera prospect and immediate vicinity (~1 km by 1 km). A later rock sampling program in 2008 collected 857 samples on a 100 m standard grid, and focused on La Cantera and some nearby magnetic anomalies.

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6.3

AGA DRILLING

Drill Hole

Dip

Total Depth

Significant Intercepts

Name

Degree

m

Thickness (m)

Grades
(Au g/t/Cu %)

LM-01

-60.5

258

No Significant Intercepts

LM-02

-58.5

189

152

0.82/0.26

LM-03

-60.5

201

No Significant Intercepts

LM-04

-60.0

250

106

0.32/0.21

LM-05

-60.0

252

106

1.11/0.40

LM-06

-60.0

304

122

0.40/0.24

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7

GEOLOGICAL SETTING AND MINERALIZATION

7.1

REGIONAL GEOLOGY

1.

The Guyana Shield

2.

The Andean System

3.

The Caribbean Region

4.

The Pacific Coast Region

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Note:

Litho-tectonic and morpho-structural map of Colombia and northwestern South America, after Cediel et al. (2003). RO = Romeral terrane; Rm = Romeral melange; CA-VA = Cajamarca-Valdivia terrane; sl = San Lucas block; ib = Ibague block;; DAP = Dagua- Pinon terrane; CG = Canas Gordas terrane; BAU Baudo terrane SP = Santander massif - Serranfa de Perija; GS = Guiana Shield; GA = Garzon massif; ME = Sierra de Merida; SM = Sierra Nevada de Santa Marta; EC = Eastern Cordillera; CO = Carora basin; CR = Cordillera Real; GOR = Gorgona terrane; PA = Panama terrane; SJ = San Jacinto terrane; SN = Sinu terrane; GU-FA = Guajira- Falcon terrane; CAM = Caribbean Mountain terrane; fab = fore arc basin; ac = accretionary prism; tf = trench fill; pd = piedmonte; 1 = Atrato (Choco) basin; 2 = Tumaco basin; 3 = Manabf basin; 4 = Cauca-Patfa basin; 5 = Upper Magdalena basin; 6 = Middle Magdalena basin; 7 = Lower Magdalena basin; 8 = Cesar-Rancherfa basin; 9 = Maracaibo basin; 10 = Guajira basin; 11 = Falcon basin; 12 = Guarico basin; 13 = Barinas basin; 14 = Llanos basin; 15 = Putumayo-Napo basin; Additional Symbols: PALESTINA = faultsuture system; red dot = Plio-Pleistocene volcano; Bogota = town or city.

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7.2

PROPERTY GEOLOGY

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●

Lithic and Crystal Tuffs (Combia Formation)

●

Basalt-Andesite Lavas and Flows (Combia Formation)

●

The La Cantera Porphyry and intrusive breccia

●

The Middle Zone Porphyries and intrusive breccias

●

The La Garrucha Porphyries and intrusive breccias

●

The El Limon Porphyry

●

Porphyry - undifferentiated

●

Hydrothermal Breccia(s)

7.3

INTRUSIVE ROCKS

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La Cantera

Middle Zone

La Garrucha

X2 Porphyry

Youngest

X1 Breccia

G4 Breccia

Youngest

X2 Porphyry

Youngest

X1 Porphyry

G4 Porphyry

X1 Breccia

X3 Breccia

G2 Breccia

X1 Porphyry

X3 Porphyry

G2 Porphyry

C1 Breccia

L1 Breccia

G1 Breccia

C1 Porphyry

L1 Porphyry

G1 Porphyry

Volcanic Rocks

Oldest

Volcanic Rocks

Oldest

Volcanic Rocks

Oldest

7.3.1

X2 PORPHYRY (X2)

7.3.2

X1 PORPHYRY (X1)

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7.3.3

X3 PORPHYRY (X3)

7.3.4

LA CANTERA PORPHYRY (C1)

7.3.5

EL LIMON PORPHYRY (L1)

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7.3.6

EL LIMON PORPHYRY (L2)

7.3.7

EL LIMON PORHYRY (L3)

7.3.8

G1 PORPHYRY (G1)

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7.3.9

G2 PORPHYRY (G2)

7.3.10

G4 PORPHYRY (G4)

7.3.11

INTRUSIVE BRECCIAS

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7.4

VOLCANIC ROCKS

7.5

STRUCTURE

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7.6

LA CANTERA PROSPECT GEOLOGY

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7.7

LA CANTERA PROSPECT ALTERATION

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●

Early hairline biotite fractures in zones of intense potassic alteration

●

Magnetite-actinolite ± chalcopyrite ± bornite veins and fractures which can reach a vein density of 30 per meter

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●

Quartz-magnetite-actinolite ± chalcopyrite ± bornite veins and fractures which cut the magnetite-actinolite veins and fractures and which can reach a vein density of approximately 10 per meter. These veins and fractures are the principal source of mineralization in the La Cantera prospect

●

Quartz-magnetite veins are commonly banded in appearance and do not carry significant mineralization.

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7.8

LA CANTERA PROSPECT MINERALIZATION

●

Chalcopyrite occurs in veinlets or as disseminated grains with secondary biotite, potassium feldspar and/or actinolite. Locally chalcopyrite occurs as clots with or without pyrite and it can be associated with bornite. In the C1 Porphyry and C1 Breccia chalcopyrite occurs in quartz-pyrite and potassium feldspar-actinolite "A" veins. Chalcopyrite, with and without bornite, also occurs in sulfide veins and fractures with pyrite and in veins with anhydrite and in veins with gypsum.

●

Bornite is less abundant than chalcopyrite but it occurs in the same habits as, and virtually always with, chalcopyrite. Additionally, it occurs as anhedral crystals, often displaying exsolution patterns, associated with chalcopyrite or occurring as a replacement of chalcopyrite.

●

Gold is usually associated with chalcopyrite and bornite and to a lesser extent with tetrahedrite and filling fractures in chalcopyrite grains.

●

In addition to the calcite ± quartz - sphalerite veins described previously, tetrahedrite also locally forms subhedral crystals or grains associated with chalcopyrite or bornite.

●

In addition to the calcite ± quartz - tetrahedrite veins described previously, sphalerite can be found occurring as anhedral grains with chalcopyrite ± bornite ± pyrite.

●

In general, the mineralogy of the La Cantera system appears "clean" in that there are few minerals or elements that would negatively impact favorable response to standard metallurgical processes.

●

An example of the distribution of and lithological controls on gold mineralization at the La Cantera deposit is shown in Figure 7-8. Note the sharp breaks of the >0.5 g/t Au mineralization at contacts between C1 Porphyry and Breccia with X1 Porphyry and Breccia. In general, the >0.5 g/t Au mineralization does not extend significantly into the post-mineralizing X1 Porphyry or Breccia.

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7.9

MIDDLE ZONE PROSPECT GEOLOGY

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7.10

MIDDLE ZONE PROSPECT ALTERATION

1.

A strong halo of argillic alteration on the north and northeast sides of the deposit. This alteration penetrates the X1 and X3 units, and in some cases may have overprinted pre- existing mineralization (e.g., pyrite replacing magnetite in veins). This halo of argillic alteration is devoid of significant gold and copper. As with La Cantera, the argillic alteration appears to be a later event.

2.

An intense clay alteration is characteristic of the WBx (White Breccia) unit that is often found at the boundaries of the post-mineralizing X2 unit.

●

Early sinuous quartz veins and hairline magnetite-actinolite-chalcopyrite veins

●

Several styles of quartz veins with magnetite at the vein boundaries

●

Banded quartz veins and sinuous quartz-magnetite-actinolite-chalcopyrite veins

●

Quartz veins with pyrite and chalcopyrite along the centerlines

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●

Anhydrite-pyrite-chalcopyrite-bornite veins (bornite rare), pyrite-calcite-magnetite veins

●

Quartz-calcite-pyrite-sphalerite-galena veins

●

Quartz-gypsum and quartz-gypsum-pyrite veins

7.11

MIDDLE ZONE PROPSECT MINERALIZATION

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●

Chalcopyrite occurs mainly in veinlets, or as disseminated grains with secondary biotite, potassium feldspar and/or actinolite. In the X3 Porphyry and X3 Breccia, chalcopyrite occurs in pink quartz-pyrite "A-type" veins; it may also occur as disseminations in fine matrix breccia with or without grey silica clasts.

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●

Chalcopyrite and magnetite also occur as very thin, hair-like veinlets, at borders or in the centerlines of pink quartz veins. This is common when the porphyry units show actinolite-magnetite alteration.

●

Chalcopyrite associated with pyrite in veins and fractures, and in veins with gypsum, which cut all veins and structures described previously.

●

In calcite ± quartz - sphalerite - galena veins, chalcopyrite also locally forms subhedral crystals or grains associated with pyrite.

7.12

LA GARRUCHA PROSPECT GEOLOGY

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7.13

LA GARRUCHA PROSPECT ALTERATION

●

Early magnetite veins, often hairline in size, cut by all other vein types

●

Quartz-chalcopyrite ± bornite centerline veins with <1 mm centerline of chalcopyrite in semi-otherwise translucent quartz; typically, several close spaced generations of this vein type as often times these cut similar quartz-chalcopyrite ± bornite centerline veins.

●

Quartz-magnetite ± chalcopyrite ± bornite veins with magnetite along inside margin of quartz vein

●

Quartz-magnetite ± chalcopyrite ± bornite centerline veins (magnetite along centerline)

●

Quartz-pyrite veins with sericite envelopes

●

Quartz-carbonate ± pyrite ± sphalerite ± stibnite

●

Carbonate veins

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7.14

LA GARRUCHA PROSPECT MINERALIZATION

7.15

EL LIMON PROSPECT GEOLOGY

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7.16

EL LIMON PROPSECT ALTERATION

7.17

EL LIMON PROSPECT MINERALIZATION

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8

DEPOSIT TYPES

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9

EXPLORATION

Area

Drill Holes

Meters

La Cantera

26

8,327

Middle Zone

54

18,803

El Limon

9

2,923

La Garrucha

22

10,191

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●

Anomalously high radiometrics (potassium) likely represents K-silicate (potassic) altered rocks. The high potassium values occur over a distance of 900 m along an approximately north-south trending corridor defined by the La Cantera-Middle Zone targets. High values also occur to the north at El Limon along an approximately east-west belt that is 500-m long.

●

High-chargeability zones fringing the drilled zones at La Cantera and Middle Zone can be attributed to rocks containing high quantities (typically 5-10 vol%) of pyrite. High-chargeability features are observed at La Cantera and Middle Zone.

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●

The La Cantera stock spatially coincides with a strong resistivity "low" whereas the Middle Zone is characterized by a weakly defined "low". Another prominent area characterized by a strong resistivity "low" occurs between the El Limon and Middle Zone targets.

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10

DRILLING

●

Sample Number, From - To.

●

Alteration Minerals: quartz, biotite, potassium feldspar, actinolite, albite, epidote, chlorite, sericite, calcite and clay.

●

Mineralization, volume %: chalcopyrite, bornite, chalcocite,pyrite, magnetite, limonite and goethite.

●

Vein Mineralization, volume %: quartz, quartz-magnetite, pyrite, magnetite-actinolite, anhydrite, and age relationships, etc.

●

Graphic Log of Alteration, Mineralization, Lithology, Structure, etc.

●

Alpha-numeric codes for lithology, structure and alteration (early, late and other)

●

Comments and short description of principal alteration associations, etc.

10.1

LA CANTERA DRILLING

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Hole ID

East (UTM)

North (UTM)

Elevation

Azimuth

Dip

EOH

LMDDH-001

418982.4

654669.3

1804.9

0

-60

258.2

LMDDH-002

419111.3

654529.9

1749.1

177

-59

188.6

LMDDH-003

418977.6

654548.4

1771.5

0

-61

200.2

LMDDH-004

419111.3

654530.3

1749.0

127

-60

250.0

LMDDH-005

419088.2

654673.0

1761.2

184

-60

251.6

LMDDH-006

419087.2

654674.4

1761.5

135

-60

303.9

LMDDH-007

419078.2

654460.4

1730.2

180

-60

125.0

LMDDH-008

419105.6

654601.6

1753.4

180

-60

297.2

LMDDH-009

419101.0

654750.0

1781.6

180

-60

434.3

LMDDH-014

418974.7

654680.1

1802.1

135

-50

511.7

LMDDH-015

418866.5

654780.1

1773.0

135

-55

639.8

LMDDH-016

418995.6

654465.4

1757.8

45

-58

517.0

LMDDH-018

419204.2

654738.3

1783.3

326

.62

213.4

LMDDH-019

419063.6

654542.6

1780.2

45

-57

320.0

LMDDH-022

418996.6

654547.2

1780.8

132

-59

286.7

LMDDH-023

418953.4

654594.3

1774.3

135

-65

365.8

LMDDH-024

419045.4

654430.6

1730.8

45

-55

436.8

LMDDH-025

419140.5

654412.3

1738.0

315

-55

305.4

LMDDH-026

419099.7

654489.1

1743.0

45

-55

294.1

LMDDH-027

419200.4

654586.6

1751.4

225

-60

419.1

LME-1049

419376.2

654600.0

1786.3

225

-55

501.8

LME-1054

419224.5

654320.5

1783.2

25

-55

483.4

LME-1056

419112.6

654529.4

1749.0

180

-60

163.4

LME-1058

418975.1

654679.5

1802.5

135

-50

68.0

LME-1059

418975.3

654680.1

1802.5

135

-50

196.6

LME-1099

419449.6

653513.8

1683.3

0

-90

295.35

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Page 75

Hole Number

From (m)

To (m)

Intercept (m)

Au (g/t)

Cu (%)

AuEq (g/t)

LMDDH-07

7.6

27.9

20.3

0.74

0.40

1.43

LMDDH-08

0.7

88.0

87.3

1.07

0.30

1.59

LMDDH-08

197.1

269.7

72.7

0.88

0.39

1.55

LMDDH-09

194.8

337.2

142.4

0.70

0.29

1.20

LMDDH-14

100.0

246.0

146.0

0.93

0.33

1.51

LMDDH-14

392.0

454.0

62.0

0.75

0.38

1.40

LM-DDH-15

511.0

601.0

90.0

0.57

0.34

1.15

LMDDH-15

626.0

634.0

8.5

0.48

0.23

0.87

LMDDH-16

12.0

217.3

205.3

0.91

0.31

1.45

LMDDH-16

402.0

470.0

68.0

0.60

0.34

1.19

LMDDH-19

0.0

230.0

230.0

0.99

0.30

1.50

LMDDH-22

8.0

244.0

236.0

1.04

0.45

1.80

LMDDH-23

211.0

289.0

78.0

0.14

0.20

0.47

LMDDH-23

311.9

322.0

10.1

0.19

0.22

0.57

LMDDH-24

87.0

181.1

94.1

1.53

0.52

2.43

LMDDH-24

328.0

420.0

92.0

0.46

0.24

0.86

LMDDH-25

17.0

274.0

257.0

0.45

0.23

0.84

LMDDH-26

4.6

47.0

42.4

1.02

0.28

1.49

LMDDH-26

129.2

275.0

145.8

0.46

0.29

1.13

LMDDH-27

29.0

141.6

112.7

0.74

0.32

1.29

LMDDH-27

219.0

313.0

94.0

0.69

0.27

1.15

LME-1056

40.0

158.0

118.0

1.00

0.32

1.54

LME-1059

88.1

196.6

108.5

0.75

0.33

1.32

10.2

MIDDLE ZONE DRILLING

GoldMining Inc.

NI 43-101 Report - La Mina Project

Hole ID

East (UTM)

North (UTM)

Elevation

Azimuth

Dip

EOH

LMDDH-010

418985.0

655150.8

1940.1

180

-60

178.30

LMDDH-011

418995.0

654950.0

1869.7

0

-62

541.02

LMDDH-012

418999.2

655099.3

1907.7

45

-61

493.78

LMDDH-013

419098.0

655198.9

1928.0

45

-60

335.28

LMDDH-017

418797.1

654897.2

1772.9

45

-62

312.42

LMDDH-020

419101.1

655300.0

1958.2

179

-57

260.60

LMDDH-028

419238.3

655187.1

1971.2

180

-70

228.30

LMDDH-029

419241.9

655285.5

1998.7

180

-70

297.18

LMDDH-031

418989.1

655056.9

1887.5

0

-90

530.35

LME-1034

418990.1

655057.4

1887.6

45

-79

681.23

LME-1035

418990.2

655057.4

1887.6

45

-70

689.19

LME-1036

419352.6

655155.9

1913.1

225

-85

353.56

LME-1038

418985.5

655152.3

1940.3

135

-70

650.74

LME-1041

418986.4

655154.5

1940.7

45

-60

504.44

LME-1043

419048.8

655240.0

1932.1

45

-60

375.82

LME-1045

419047.4

655241.5

1932.5

315

-60

391.66

LME-1046

419047.6

655241.6

1932.5

0

-90

473.96

LME-1048

419049.5

655239.5

1932.0

135

-60

501.35

LME-1050

418931.5

654963.5

1815.1

45

-50

600.45

LME-1051

418798.7

654898.7

1773.0

45

-55

539.15

LME-1052

418986.9

655058.2

1887.5

315

-70

355.09

LME-1053

418798.5

654898.5

1773.0

45

-70

680.60

LME-1055

418988.7

655056.6

1887.5

135

-60

427.50

LME-1057

418996.6

655096.9

1909.3

225

-60

199.30

LME-1060

419096.7

655195.7

1926.1

225

-53

195.40

LME-1061

418923.3

655102.0

1881.7

45

-60

199.64

LME-1062

419096.9

655199.1

1926.2

315

-55

198.00

LME-1063

419237.4

655192.6

1971.1

315

-60

250.24

LME-1064

419100.1

655196.0

1926.3

135

-55

198.50

LME-1065

419239.9

655190.2

1971.2

135

-52

251.46

LME-1066

419241.1

655192.9

1971.4

45

-60

190.50

LME-1067

419102.2

655299.8

1958.3

135

-60

260.30

LME-1068

419191.8

655174.3

1931.4

315

-70

204.21

LME-1069

419101.4

655302.9

1958.8

315

-60

235.30

LME-1070

419193.7

655172.3

1931.4

135

-52

245.36

LME-1071

419099.2

655302.2

1959.5

45

-55

293.10

LME-1072

419108.6

655126.9

1894.9

325

-45

225.55

LME-1073

418985.5

655224.8

1952.6

135

-52

307.20

LME-1074

419110.9

655124.0

1895.1

135

-70

303.27

LME-1075

418982.3

655151.7

1940.2

225

-50

236.10

LME-1076

419110.0

655125.7

1894.9

225

-50

39.62

LME-1077

419110.2

655125.8

1895.0

225

-65

153.92

LME-1078

419193.0

655173.4

1931.7

225

-50

422.09

LME-1079

418922.5

655101.4

1880.5

315

-50

147.82

LME-1080

418995.3

654991.7

1868.1

335

-60

188.36

LME-1081

418998.9

655098.6

1906.9

135

-50

292.60

LME-1082

419248.7

655100.0

1939.2

315

-50

322.78

LME-1083

419273.9

655231.9

1973.8

135

-50

208.78

LME-1089

418694.0

655043.5

1793.8

135

-51

297.18

LME-1090

418797.4

654904.1

1774.2

45

-64

596.79

LME-1091

418798.0

654902.3

1773.4

135

-50

548.94

LME-1092

418796.7

654905.4

1773.6

0

-48

446.53

LME-1093

418975.7

654683.3

1801.6

45

-51

400.81

LME-1094

419318.3

654805.1

1856.2

45

-65

341.07

GoldMining Inc.

NI 43-101 Report - La Mina Project

Hole Number

From (m)

To (m)

Intercept (m)

Au (g/t)

Cu (%)

AuEq (g/t)

LME-1075

95.6

109.9

14.3

0.51

0.15

0.76

LME-1075

120.4

126.1

5.7

0.95

0.18

1.27

LME-1075

132.4

157.8

25.4

0.41

0.06

0.51

LME-1076

19.5

24.38

4.88

0.29

0.07

0.41

LME-1076

30.48

39.62

9.14

0.26

0.24

0.67

LME-1077

12.19

65.53

53.34

0.33

0.21

0.69

LME-1078

16.76

27.43

10.67

0.73

0.06

0.84

LME-1079

No Significant Results

LME-1080

66.75

101.19

34.44

0.69

0.1

0.86

136.55

179.26

42.71

0.72

0.08

0.85

LME-1081

48.76

64

15.24

0.39

0.11

0.58

LME-1082

107.43

129.54

22.11

0.72

0.08

0.85

and

138.68

254.5

115.82

1.01

0.08

1.15

including

138.68

202

63.32

1.48

0.09

1.63

LME-1083

No Significant Results

LME-1089

No Significant Results

LME-1090

530.58

548.7

18.12

0.34

0.3

0.81

LME-1091

No Significant Results

LME-1092

No Significant Results

LME-1093

No Significant Results

10.3

LA GARRUCHA DRILLING

Hole ID

East (UTM)

North (UTM)

Elevation

Azimuth

Dip

EOH

LME-1037

419822.24

654598.62

2008.49

90

-70

380.08

LME-1039

419822.39

654598.45

2008.76

0

-90

509.93

LME-1040

419833.15

654703.30

2013.51

90

-70

355.09

LME-1042

419833.33

654703.11

2013.54

0

-90

391.66

LME-1044

419832.58

654702.80

2013.41

45

-70

502.92

LME-1047

419833.73

654703.22

2011.88

90

-60

242.31

LME-1095

419840.83

654507.20

1994.24

45

-51

280.11

LME-1096

419830.11

654667.60

2007.10

0

-90

349.81

LME-1097

419830.11

654667.56

2007.17

90

-65

349.81

LME-1098

419829.85

654415.93

1981.45

90

-70

360.27

LME-1100

419873.03

654308.13

1980.78

45

-65

297.18

LME-1101

420026.27

654714.28

1961.06

225

-75

414.52

LME-1102

420026.62

654716.92

1961.05

270

-76

422.45

LME-1103

420026.34

654715.66

1961.15

225

-60

320.04

LME-1104

419940.21

654620.09

1990.95

45

-75

565.40

LME-1105

420194.53

654811.87

2004.27

225

-55

614.17

LME-1106

420004.19

654621.40