 VANCOUVER, BC, June 1, 2021 PRNewswire - GoldMining Inc. the Company or GoldMining TSX: GOLD NYSE American: GLDG is pleased to announce that it is initiating a preliminary economic assessment PEA on its 100 owned São Jorge Gold Project São Jorge in Pará State, Brazil and announces the results of an updated Mineral Resource Estimate MRE. Highlights: Indicated Mineral Resources of 0.71 million ounces gold 14.27 million tonnes grading 1.55 gt gold see Table 1; Inferred Mineral Resources of 0.72 million ounces gold 17.58 million tonnes grading 1.27 gt gold see Table 1; The MRE utilizes an optimized pit shell to constrain resources, a database of 145 drill holes totaling more than 37,000 metres and uses modernized cost and pricing assumptions including a US1,600oz gold price; and GoldMining has initiated work on a PEA at São Jorge to further evaluate the economic potential of an open-pit operation and advance opportunities to upgrade and expand the current resource base. 