Vancouver, Canada (February 24, 2012) -- Goldgroup Mining Inc. ("Goldgroup" or "the Company") (TSX:GGA) is pleased to announce that it will be attending the 21st Annual BMO Capital Markets 2012 Global Metals & Mining Conference on Sunday, February 26, 2012 to Wednesday, February 29, 2012 in Hollywood, Florida, USA.

BMO Capital Markets will welcome nearly 1,500 guests and more than 250 companies to the conference in 2012, representing 28 countries from six continents. The three-day event will be hosted by the BMO Capital Markets Metals & Mining Equity Research team.

The conference will be hosted at the following address:

Westin Diplomat Hotel
3555 South Ocean Drive
Hollywood, Florida, USA
33019

About Goldgroup

Goldgroup is a well-funded Canadian-based gold production, development, and exploration Company with significant upside in a portfolio of projects in Mexico, including its flagship 100%-owned advanced stage gold development project Caballo Blanco in the state of Veracruz, and the 50%-owned high grade gold exploration project San Jos� de Gracia in the state of Sinaloa. The Company also operates the 100%-owned Cerro Colorado gold mine in the state of Sonora.

Goldgroup remains in a flexible financial position with a strong cash balance, no debt and no gold hedging. The Company is led by a team of highly successful and seasoned individuals with extensive expertise in mine development, corporate finance, and exploration in Mexico. Goldgroup's mission is to grow gold production, mineral resources, profitability and cash flow, building a leading gold producer in Mexico.

For further information on Goldgroup, please visit www.goldgroupmining.com

On behalf of the Board of Directors,

Keith Piggott, President & CEO
Tel: 604-682-1943

Stephanie Batory, Investor Relations
Toll Free: 1-877-655-ozAu (6928)