GoldMining Strengthens Management and Technical Team

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Feb 28, 2018, 08:30 ET

VANCOUVER, Feb. 28, 2018 /PRNewswire/ - GoldMining Inc. (the "Company" or "GoldMining") (TSX-V: GOLD; OTCQX: GLDLF) is pleased to announce the appointments to its management and technical team with Mr. Jeff Wright as Executive Vice President and Dr. Jeremy Richards, Dr. J. Brian Mahoney and Dr. Michael Roberts as new members of the Company's Technical Advisory Board ("Advisory Board").

Mr. Wright has extensive capital markets experience with a specific focus on the natural resource sector, with more than 22 years of experience as an investment banker and analyst. He has been active in more than 100 successfully completed transactions with an aggregate value of over $2.5 billion.

Garnet Dawson, CEO of GoldMining, commented: "We are excited to have Jeff join our management team and expand our corporate development and capital markets activities. Additionally, we have assembled a Technical Advisory Board with leading professionals who will help guide our exploration and development efforts as well as provide valuable input in identifying and evaluating accretive opportunities."

GoldMining's Technical Advisory Board now includes geologists Dr. Ross Sherlock, Dr. Jeremy Richards, Dr. J. Brian Mahoney, Dr. Michael Roberts and Dr. Paul Zweng, and mining engineer Mr. Curtis Clarke. These leading professionals on orogenic, epithermal and porphyry deposits will work closely with GoldMining's management team to advance our diversified portfolio of gold projects in the Americas.

Jeff Wright, BA, MBA

Mr. Wright has over twenty-two years of experience in the capital markets with the last fifteen years devoted to the natural resource sector. As a sell-side analyst, Jeff covered over 30 resource companies and has completed more than 60 property site visits. He has extensive relationships with U.S.-based institutional investors and has keen awareness of capital markets. Jeff previously held analyst and investment banking positions with Robertson Stephens, Montgomery & Co., H.C. Wainwright & Co. and Global Hunter Securities.

Mr. Wright received his MBA from the University of Southern California, his bachelor of arts degree in political science from North Carolina State University and is a member of the Board of Directors of the North Carolina State University Foundation. Previous to his banking career, he served as a U.S. naval officer on the USS Carl Vinson and USS John Young.

Mr. Wright has extensive experience in the precious metals sector and has appeared or has been quoted in the Wall Street Journal, Bloomberg TV, Reuters, Marketwatch.com, Kitco News and The Gold Report.

Jeremy Peter Richards, PhD, PGeo

Dr. Richards is Canada Research Chair in Metallogeny at Laurentian University, Sudbury and is a registered professional geologist in Ontario. His research interests focus on the genesis of hydrothermal mineral deposits, and in particular, regional tectonic and magmatic controls on porphyry and epithermal mineralization. He has worked in Africa, North and South America, the Tethyan belt from southeastern Europe to China, and the Southwest Pacific region, and regularly consults for the mineral exploration industry.

Dr. Richards received the Society of Economic Geologists Lindgren Award in 1995, and Silver Medal in 2016; he was the SEG 2002/2003 International Exchange Lecturer, and the SEG 2016 Thayer Lindsley Visiting Lecturer. He has also received the Geological Association of Canada Hutchison Medal in 2007, and the Canadian Institute of Mining and Metallurgy Julian Boldy Memorial Award in 2007.

Dr. Richards received a BA in geology from Cambridge University in 1983, an MSc from the University of Toronto in 1986, and a PhD from the Australian National University in 1990. He was appointed as Lecturer at the University of Leicester, UK, in 1992, and worked at the University of Alberta as an Associate Professor and then Professor in Economic Geology from 1997 to 2017. He joined Laurentian University in July 2017.

J. Brian Mahoney, PhD, PG

Dr. Mahoney is a Professional Geologist with over 30 years' experience in the economic geology and academic research. He has extensive experience in stratigraphic, structural and economic geology field investigations in the Americas. He is a Professor of Geology at the University of Wisconsin-Eau Claire and works internationally through Precision GeoSolutions, where he is a principal.

Dr. Mahoney completed a PhD at University of British Columbia, MSc at Idaho State University and BSc (Geology) at University of Wisconsin. He has conducted research with teams from the University of Wisconsin-Eau Claire, University of British Columbia, Geological Survey of Canada and United States Geological Survey and is extensively published and referenced in peer-reviewed publications. He is a certified professional geologist in the State of Wisconsin.

Michael Roberts, PhD, P.Geo.

Dr. Roberts is a Professional Geologists with 20 years of experience in the mining industry and academic research. Dr. Roberts is principal of Resolution Geoscience, a private consultancy providing technical geological services to mineral exploration companies. Mike has conducted and managed grassroots to advanced exploration programs for base and precious metals in North America and Australia, typically in partnership with major mining companies. He has held senior positions with junior mining companies, and was most recently Vice President, Exploration for Kiska Metals.

Dr. Roberts completed post-doctoral research at the University of Southern California and the University of Cape Town, a PhD in Geology from James Cook University, Australia, and a BSc from the University of Victoria, Canada. He is a member of the Professional Engineers and Geoscientists of British Columbia.

The Company has granted incentive stock options to purchase 435,000 common shares of the Company (the "Options") to certain officer, consultants and employee of the Company pursuant to the Company's stock option plan, which included 200,000 Options issued to an officer of the Company. The Options have an exercise price of $1.23 per share, representing the closing price of the Company's common shares on the day prior to this news release, and are valid for a period of five years.

The Options will vest as follows: 25% immediately and 25% on the three, nine and twelve-month anniversaries of the grant date as to 200,000 Options and 25% immediately and 25% on the six, twelve and eighteen-month anniversaries of the grant date as to 235,000 Options. The Option grants are subject to the acceptance of the TSX Venture Exchange.

Correction from Source

A correction from source is issued with respect to the news releases that were disseminated on January 16 and February 22, 2018 correcting the units in the Tonnage and Contained Metal column headings of Table 1 and Table 2 from "Mt" to "t" and "Moz" to "oz", respectively. The resource estimate and all other figures in the disclosure remain unchanged, being an indicated resource of 30,653,000 t grading 1.0 g/t gold (1.0 Moz) and an inferred resource of 35,779,000 t grading 1.0 g/t gold (1.1 Moz) at a 0.4 g/t gold cut-off. For further details on the resource estimate, the reader is referred to the technical report, dated effective December 20, 2017, titled "Technical Report on the Crucero Property, Carabaya Province, Peru" authored by Mr. Greg Z. Mosher, M.Sc., P.Geo. and filed on SEDAR under the Company's profile.

About GoldMining Inc.

GoldMining Inc. is a public mineral exploration company focused on the acquisition and development of gold assets in the Americas. Through its disciplined acquisition strategy, GoldMining now controls a diversified portfolio of resource-stage gold and gold-copper projects in Canada, U.S.A., Brazil, Colombia and Peru. Additionally, GoldMining owns a 75% interest in the Rea Uranium Project, located in the Western Athabasca Basin of Alberta, Canada.

This document contains certain forward-looking statements that reflect the current views and/or expectations of GoldMining with respect to its business and future events, including expectations and future plans respecting its projects. Forward-looking statements are based on the then-current expectations, beliefs, assumptions, estimates and forecasts about the business and the markets in which GoldMining operates. Investors are cautioned that all forward-looking statements involve risks and uncertainties, the inherent risks involved in the exploration and development of mineral properties and uncertainties relating to the availability and costs of financing needed in the future. These risks, as well as others, including those set forth in GoldMiningꞌs filings with Canadian securities regulators, could cause actual results and events to vary significantly. Accordingly, readers should not place undue reliance on forward-looking statements and information. There can be no assurance that forward-looking information, or the material factors or assumptions used to develop such forward looking information, will prove to be accurate. GoldMining does not undertake any obligations to release publicly any revisions for updating any voluntary forward-looking statements, except as required by applicable securities law.

Neither the TSX Venture Exchange, nor its Regulation Services Providers (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

SOURCE GoldMining Inc.