Goldmining subsidiary releases Whistler PEA

Executive Summary

• Goldmining Inc. congratulates its majority-owned subsidiary, U.S. Goldmining Inc., on the successful completion of the Initial Preliminary Economic Assessment (PEA) for the Whistler Gold-Copper Project in Alaska.
• The PEA validates the strategic vision for the Whistler project, which is located 105 miles northwest of Anchorage, Alaska.
• Goldmining shareholders indirectly hold more than a 74% interest in U.S. Goldmining, the entity that owns the project.

Key Details

• Project Location: Whistler Gold-Copper Project, located 105 miles northwest of Anchorage, Alaska.
• Ownership Structure: The project is 100% owned by U.S. Goldmining Inc., which is a majority-owned subsidiary of Goldmining Inc. Goldmining shareholders hold an indirect interest of more than 74% in U.S. Goldmining.
• Assessment Type: Initial Preliminary Economic Assessment (PEA).
• PEA Scope: The assessment includes mine schedule, cost estimates, and economic assessment to evaluate the project's economic potential and development options.
• Technical Compliance: Disclosure prepared in accordance with National Instrument 43-101.
• Qualified Person: Tim Smith, PGeo, Vice-President of Exploration, supervised the preparation and reviewed the scientific and technical information.

Notable Quotes

• "Our vision and strategy for the Whistler project began three years ago with the successful IPO [initial public offering] of U.S. Goldmining. Today's announcement of an initial PEA helps validate our belief in the potential of this asset. Goldmining shareholders indirectly hold more than a 74-per-cent interest in U.S. Goldmining. We are excited to see U.S. Goldmining continue to advance exploration activities across the district-scale property and continue to progress the project." — Alastair Still, Chief Executive Officer of Goldmining