Vancouver, British Columbia--(Newsfile Corp. - October 26, 2018) -
972-803-3087

Joanne Jobin, Investor Relations Officer

604-488-1104

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Disclaimer: This press release contains certain 'forward-looking statements' within the meaning of Canadian securities legislation, including statements regarding the Company's contemplated acquisition of the Royalty relating to GORO's Fenelon Property, and GORO's stated plans for further near-term exploration and development of the Fenelon Property. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are statements that are not historical facts; they are generally, but not always, identified by the words 'expects,' 'plans,' 'anticipates,' 'believes,' 'intends,' 'estimates,' 'projects,' 'aims,' 'potential,' 'goal,' 'objective,' 'prospective,' and similar expressions, or that events or conditions 'will,' 'would,' 'may,' 'can,' 'could' or 'should' occur, or are those statements, which, by their nature, refer to future events. The Company cautions that Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made and they involve a number of risks and uncertainties. Consequently, there can be no assurances that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Except to the extent required by applicable securities laws and the policies of the TSX Venture Exchange, the Company undertakes no obligation to update these forward-looking statements if management's beliefs, estimates or opinions, or other factors, should change. Factors that could cause future results to differ materially from those anticipated in these forward-looking statements include the risk of accidents and other risks associated with GORO's mineral exploration, development and extraction operations, the risk that GORO will encounter unanticipated geological factors, or the possibility that GORO may not be able to secure permitting and other governmental clearances, necessary to carry out its stated plans for the Fenelon Property, the Company's inability to secure the required TSXV acceptance required for the Transaction, and the risk of political uncertainties and regulatory or legal disputes or changes in the jurisdictions where the Company carries on its business that might interfere with the Company's business and prospects. The reader is urged to refer to the Company's reports, publicly available through the Canadian Securities Administrators' System for Electronic Document Analysis and Retrieval (SEDAR) at for a more complete discussion of such risk factors and their potential effects

Figure1
Rodeo Creek Location Map

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Figure 2
Musgrove Creek Regional Structure Map

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Figure 3
War Eagle Mining State Lease
Location Map

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