GOLD:TSX; GLDG:NYSE.American

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.

GOLD:TSX GLDG:NYSE.American

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Expert Comments:

Gold Explorer Approved for NYSE American Listing Effective October 6
(10/2/20)

GoldMining Inc. reported it has received approval for listing on the New York Stock Exchange's American exchange starting Tuesday, October 6.

Heiko Ihle, H.C. Wainwright & Co.

(10/2/20)

"GoldMining Inc. announced that its common shares have received approval for listing and trading on the New York Stock Exchange (NYSE) American. . .the NYSE listing should ultimately provide the company with strong exposure to increased liquidity. . .this should benefit GoldMining's share price and enterprise value, which we expect to be exacerbated by recent strength in gold prices."

Brien Lundin, Gold Newsletter (Jefferson Financial)

(9/30/20)

"GoldMining Inc. continues to build out an impressive team to run Gold Royalty Corp. . .recent additions include John Griffith as chief development officer, Ian Telfer as chairman of the advisory board and Alastair Still as director of technical services for Gold Royalty and GoldMining's executive vice president, chief development officer. All have platinum-plated resumes."

Jay Taylor, Hotline

(9/25/20)

"GoldMining Inc. has appointed Alastair Still as its executive vice president, chief development officer and as director of technical services of its subsidiary, Gold Royalty Corp., effective Oct. 1, 2020. I see this as just one more step toward Gold Royalty Corp. becoming a serious gold royalty player in the future."

Colin Healey, Haywood Securities

(9/21/20)

"GoldMining Inc. has announced that it has appointed Alastair Still as chief development officer and director of technical services of its wholly owned subsidiary, Gold Royalty Corp.; Still was most recently director of corporate development at Newmont and has held similar roles with Agnico Eagle, Kinross and Goldcorp. The addition of Still is the latest (fifth since August) in a string of high profile executive appointments at GoldMining/Gold Royalty Corp."

Brien Lundin, Gold Newsletter (Jefferson Financial)

(8/27/20)

"With royalty companies all the rage in the current market, the ability to create one out of whole cloth and then attract top talent to lead it has put GoldMining Inc. on the map as a company to own to maximize leverage in this environment. All by itself, the company's in situ land package boasts 11.4 Moz Measured and Indicated resources and 13.8 Moz Inferred resources."

Minerals Explorer Appoints Warren Gilman to Board of Royalty Subsidiary
(8/17/20)

GoldMining states the new member brings to Gold Royalty extensive experience with financings and investments in the mining space.

Resource Firm Selects Experienced CEO for Royalty Subsidiary
(8/10/20)

A Haywood Securities report states GoldMining's management "continues to impress with its ability to attract high-profile talent."

Heiko Ihle, H.C. Wainwright & Co.

(8/10/20)

"On Aug. 5, 2020, GoldMining Inc. announced the appointment of David Garofalo to the position of chairman, CEO and director of the company's subsidiary, Gold Royalty Corp. We note that Garofalo has also now joined the advisory board of GoldMining, bringing a wealth of experience with major gold producers."

Firm Raises Target Price on Gold Company that Shows 'Strong Focus on Accretive Acquisitions'

(7/14/20)

H.C. Wainwright & Co. raises GoldMining's target price after increasing its long-term gold price forecast.

Mining Firm Forms 'Royalty Company to Unlock Value'

(7/8/20)

GoldMining's new entity and its potential benefits are outlined in a ROTH Capital Partners report.

Analyst: Creation of Gold Royalty Company Could Unlock Future Value

(7/6/20)

An H.C. Wainwright & Co. report discusses GoldMining's new royalty company as well as a technical report.

Explorer Creates New Gold-Focused Royalty Firm

(6/24/20)

GoldMining Inc. is making the move to provide additional shareholder value and sees the new royalty company as a complementary platform to its future acquisition and development plans.

More Expert Comments

	Colin Healey, Haywood Securities (8/5/20) "GoldMining Inc. announced that it has appointed David Garofalo as chairman and CEO of its wholly owned subsidiary, Gold Royalty Corp. Garofalo will also be joining the advisory board of GoldMining Inc. . .we expect Garofalo to continue to build out Gold Royalty's portfolio, tapping extensive relevant expertise."

	Heiko Ihle, H.C. Wainwright & Co. (7/13/20) "GoldMining Inc. is boosting its global resource base through meaningful acquisitions. . .the company promptly published a resource estimate for the Almaden project in June 2020. This resource estimate outlined Almaden's near surface characteristics, which could facilitate favorable economics given the reduced need for resource conversion infill drilling programs."

Jay Taylor, Hotline (6/26/20) "I like the decision announced on June 24 by GoldMining Inc. to form a wholly owned subsidiary to be named Gold Royalty Corp. It takes place at a time when gold and gold mining shares are starting to surge. . .the timing to make this move looks good because capital can now be raised with relative ease by companies with exploration skills."

	Heiko Ihle, H.C. Wainwright & Co. (6/25/20) "GoldMining Inc. announced the creation of Gold Royalty Corp., a wholly owned subsidiary that is expected to focus on gold royalties. . .streaming and royalty companies tend to trade at a premium when compared with producing or exploration firms. GoldMining therefore appears poised to benefit from a future rerating if management can produce tangible value from its new subsidiary."

	Colin Healey, Haywood Securities (6/24/20) "GoldMining Inc. announced that it will establish royalty streams on each of its 14 projects, to be initially held in the newly minted Gold Royalty Corp., a wholly owned, gold-focused royalty subsidiary. The company is taking the first step in positioning its portfolio for increased visibility to investors of royalty streaming companies, which tend to trade at substantial premiums to their respective net asset value (NAV) (average of 1.7x NAV)."

Jake Sekelsky, ROTH Capital Partners (6/24/20) "GoldMining Inc. announced the creation of a wholly owned royalty entity, Gold Royalty Corp; the newly created company is expected to hold 14 newly created royalties on various assets in GoldMining's portfolio. . .the creation of Gold Royalty represents an opportunity for long-term value creation."

	Colin Healey, Haywood Securities (6/8/20) "We are initiating coverage of GoldMining Inc. with a Buy rating. . .the company has created a literal 'mineral bank' as a resource consolidator focused on gold projects in the Americas and has amassed a portfolio of more than 25 Moz of gold resources across 11 of its 14 gold-focused projects."

Jake Sekelsky, ROTH Capital Partners (6/4/20) "GoldMining Inc. management noted that the vast majority (about 85%) of Almaden's near-surface resources are in the Indicated category; given this, we believe an economic study could be completed on the asset with limited infill drilling. Given this, we view the Almaden project as a potential avenue to unlock additional value with a limited amount of capital."

	Heiko Ihle, H.C. Wainwright & Co. (6/4/20) "GoldMining Inc. announced the filing of an NI 43-101 technical report for its Yarumalito gold-copper project. . .the average Inferred gold and copper grades at the project are 0.58 g/t and 0.09%, respectively, which we attribute to the porphyry-style geology found on the property. Yarumalito maintains a pit-constrained Inferred resource of 1.23 Moz gold and 129.26 Mlb copper, for a total of 1.50 Moz gold equivalent."

Heiko Ihle, H.C. Wainwright & Co. (6/4/20) "GoldMining Inc. announced the completion of its resource estimate on the Almaden gold project. . .we believe the company paid a great price for a deposit that contains about 1 Moz gold with additional longer-term upside potential. . .we highlight that the recent resource estimate for Almaden has marked the second completed resource GoldMining has published this year."

Jake Sekelsky, ROTH Capital Partners (5/7/20) "GoldMining Inc. announced a maiden resource estimate at its Yarumalito gold project. . .the initial resource estimate outlined an Inferred resource totaling 1.24 Moz gold. . .the acquistion serves as low-cost resource growth in Colombia."

	Heiko Ihle, H.C. Wainwright & Co. (4/30/20) "GoldMining Inc.'s assets, which are located throughout the Americas, provide a Measured and Indicated resource of 10.53 Moz gold on a consolidated basis; the company also has 12.44 Moz consolidated Inferred gold resources. Going forward, and given GoldMining's extensive resource base, we anticipate certain assets within the company's portfolio to invoke investment interest from senior gold producers as their own Proven and Probable reserves continue to see substantial depletion amid continued mining activities."

Jake Sekelsky, ROTH Capital Partners (2/27/20) "GoldMining Inc. is expected to acquire the Almaden gold project in Idaho for total consideration of $1.15M including $575K in cash and $575K in GoldMining common shares. . .although there is no current resource on the project, we expect the company to work towards outlining a current resource estimate in an effort to further expand its already impressive 29 Moz Au eq resource portfolio."

Jake Sekelsky, ROTH Capital Partners (2/3/20) "Since acquiring the Yarumalito project, GoldMining Inc. management has been working towards bringing the resource estimate current. . .we believe the project could host a significant resource base and view the updated resource estimate as a major catalyst for shares over the near term. We expect the updated report to be released in Q1/20 and believe the project has the potential to increase the company's current global resource of over 28 Moz gold."

Jake Sekelsky, ROTH Capital Partners (11/5/19) "GoldMining Inc. announced the acquistion of the Yarumalito gold project in Colombia. . .the project is located in the Mid Cauca belt and further expands the company's presence in the region. We view this as a logical avenue to expand GoldMining's portfolio of gold assets and believe the company's large resource base should continue to provide investors with leverage to rising gold prices."

Jake Sekelsky, ROTH Capital Partners (9/4/19) "Since inception, GoldMining Inc. focused on accumulating a portfolio of gold projects in an attempt to build a sizeable resource base for a dollar per ounce cost below the cost of discovery. Given that most of the company's projects were purchased during the doldrums of the precious metals bear market, we believe higher prices provide an opportunity to advance or monetize assets."

Experts Following This Company

	Colin Healey, Analyst – Haywood Securities
	Heiko Ihle, Managing Director – H.C. Wainwright & Co.
	Brien Lundin, Author – Gold Newsletter (Jefferson Financial)
Jake Sekelsky, Analyst – ROTH Capital Partners
	Jay Taylor, Author – Gold, Energy & Tech Stocks

The information provided above is from analysts, newsletters and other contributors. Please contact the company and visit its website before making an investment decision.See disclaimer for more details.

Investing Highlights

	GoldMining owns a portfolio of large, highly prospective gold and copper projects in the Americas with 11.4 Moz M&I and 13.8 Moz Inferred resource; 11 projects, in 5 countries in the Americas
	Growth Strategy: Making accretive acquisitions, acquiring gold resources at a fraction of the cost to drill
	Strong financial platform ($8.6M Cash, no debt); strong insider ownership and long-term institutional shareholders & strategic partners

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