DESIGNATED NEWS RELEASE

VANCOUVER, BC, May 2, 2024 /CNW/ - GoldMining Inc. (the "Company" or "GoldMining") (TSX: GOLD) (NYSE American: GLDG) is pleased to announce the publication of its Sustainability Report for fiscal year 2023. The Sustainability Report presents the Company's approach and performance on sustainability initiatives and outlines sustainability strategy and goals for the future.

The Sustainability Report is guided by the Company's materiality assessment to better understand the sustainability related topics relevant to our business and presents sustainability goals that are aligned with the United Nations' Sustainable Development Goals. That is, GoldMining is dedicated to ensuring responsible exploration and development practices, which seek to minimize harm to the environment, and create shared value for the local communities in which we operate.

2023 Sustainability Report Highlights

• A focus on health and safety was supported by more than a doubling of health, safety and emergency response training (from the prior year), totaling 632 hours, provided to employees and contractors. 
  
  

• GoldMining's commitment to supporting local communities has been bolstered by donations to local community organizations, addressing urgent social challenges, including food insecurity and shortages in health care supplies.
  
  

• The Company completed an environmental baseline study and social development and management plan for the Yarumalito Project, Colombia. The Company held over 26 community meetings to inform, co-develop and gain community support for the Company's social plans.
  
  

• The Company had zero reportable environmental incidents.
  
  

• In partnership with S?o Paulo University, Brazil, the Company launched a pilot program to help reduce mercury contamination from artisanal miners.
  
  

• In-line with the Company's commitment to create employment opportunities for the local community, GoldMining hired 100% of our staff from within country, including 68% from surrounding communities to exploration sites.
  
  

• The Company continued its focus on diversity and inclusion, with 44% of Executives & Senior Management being female and 63% ethnically diverse representation on the Company's board of directors.

Alastair Still, Chief Executive Officer stated, "I am extremely proud of the efforts by our team in creating our annual 2023 Sustainability Report, which documents our advancements and approach to developing and adopting practices for socially responsible exploration and development, including environmental management, stakeholder engagement, human rights and health and safety. Fiscal year 2023 was an exceptional year of growth and progress for GoldMining. The Company maintains a disciplined growth strategy focused on the acquisition and development of gold assets in the Americas, while maintaining a commitment to establishing sound sustainability practices. Through this steadfast focus, we now control a diversified portfolio of resource-stage gold and gold-copper projects in the Americas."