GoldMining Files Early Warning Report

Rhea-AI Summary

GoldMining Inc. (NYSE:GLDG) has reduced its stake in NevGold Corp. through the disposition of 1.5 million common shares via block trades on the TSX Venture Exchange. Following this transaction, GoldMining's ownership in NevGold decreased from 21.1% to 19.8% of outstanding shares, now holding 22,573,350 shares.

The Company will file an early warning report on SEDAR+ and indicates that future trading decisions regarding NevGold shares will depend on market conditions and other factors.

Positive

• None.

Negative

• Reduction of strategic investment position in NevGold from 21.1% to 19.8%

VANCOUVER, BC, Aug. 25, 2025 /PRNewswire/ - GoldMining Inc. (the "Company") has disposed of 1,500,000 common shares ("Shares") of NevGold Corp. ("NevGold") pursuant to block trades over the facilities of the TSX Venture Exchange.

Prior to the disposition, the Company beneficially owned and exercised control and direction over 24,073,350 NevGold Shares, representing approximately 21.1% of the outstanding NevGold Shares. After the disposition, the Company beneficially owned and exercised control and direction over 22,573,350 NevGold Shares, representing approximately 19.8% of the outstanding NevGold Shares.

An early warning report (the "Report") will be filed by the Company pursuant to National Instrument 62-103 on SEDAR+ at www.sedarplus.ca under NevGold's profile. To obtain a copy of the Report, please contact Pat Obara, Chief Financial Officer of the Company, at the Company's head office at 1188 West Georgia Street, Suite 1830, Vancouver, British Columbia, V6E 4A2 or by telephone at +1 (855) 630-1001.

The Company disposed of the Shares for investment purposes, and in the future, the Company may dispose of some or all of the existing or additional securities it holds or will hold, or may continue to hold its current position, depending on market conditions, reformulation of plans and/or other relevant factors.

About GoldMining Inc.

The Company is a public mineral exploration company focused on the acquisition and development of gold assets in the Americas. Through its disciplined acquisition strategy, the Company now controls a diversified portfolio of resource-stage gold and gold-copper projects and strategic investments in Canada, U.S.A., Brazil, Colombia and Peru. The Company also owns approximately 21.5 million shares of Gold Royalty Corp. (NYSE American: GROY), 9.9 million shares of U.S. GoldMining Inc. (Nasdaq: USGO), and 22.6 million shares of NevGold Corp. (TSXV: NAU). See goldmining.com for additional information.

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SOURCE GoldMining Inc.

FAQ

How many NevGold shares did GoldMining (GLDG) sell in August 2025?

GoldMining sold 1.5 million common shares of NevGold through block trades on the TSX Venture Exchange.

What is GoldMining's (GLDG) current ownership percentage in NevGold after the share sale?

After the disposition, GoldMining owns 19.8% of NevGold's outstanding shares, down from 21.1%.

How many NevGold shares does GoldMining (GLDG) still hold?

GoldMining currently holds 22,573,350 NevGold shares after the disposition.

What are GoldMining's (GLDG) future plans regarding its NevGold holdings?

GoldMining indicated it may dispose of some or all remaining shares, acquire additional securities, or maintain its current position, depending on market conditions and other factors.