Goldgroup Mining Inc. - El Candelero

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The Company signed an agreement with Goldcorp in 2007 to earn up to a 70% interest under the following terms:
- $1 million exploration expenditure over 3 years earns a 50% interest
- Further $500,000 exploration expenditure over another 2 years earns an additional 20% interest
- Goldcorp has a subsequent back-in option to increase its interest from 30% to 60% by spending $3 million over 3 years
26,673 hectare claim areas
Located 7 km west of Tayoltita, where Goldcorp is mining 250,000 oz AuEq per year, with probable continuity of vein system
The Property has Tayoltita-like mineralization
Low sulphidation epithermal vein system similar to Tayoltita's with veins up to 35m wide and up to 2km in length in three main areas
Santa Cruz: Five main vein structures 5-20m wide
- Best sample: 10m @ 17g/t AuEq
Pino: Four main vein structures avg. 8m wide
- Best sample: 8m @ 32.7g/t AuEq
Soledad: Single vein up to 20m wide and 800m long.
- Best sample: 3m @ 8.6 g/t AuEq