Vancouver, Canada (April 16, 2012) -- Goldgroup Mining Inc. ("Goldgroup" or the "Company") (TSX:GGA) is pleased to announce that it will be attending the 2012 Denver Gold Group ("DGG") European Gold Forum in Zurich, Switzerland from Tuesday, April 17, 2012 to Friday, April 20, 2012.

The 2012 DGG European Gold Forum will be hosted at the Park Hyatt Hotel in Zurich from April 17-20, 2012. Goldgroup will be co-hosting the Explorers & Developers Reception on Thursday, April 19 at 5:15pm, in which President & CEO, Keith Piggott, and Executive Chairman, Gregg J. Sedun, will be in attendance.

For further information, please visit www.denvergold.org.

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)