U.S. GOLDMINING INC.

U.S. GoldMining Inc. ("U.S. GoldMining") is a newly created subsidiary of GoldMining Inc., focused on unlocking the substantial value of the Whistler gold-copper project, located in Alaska, USA.

The Whistler Gold Project, Alaska, U.S.A.

Whistler is a large gold-copper porphyry exploration project located 105 miles (170 km) northwest of Anchorage, Alaska, USA, covering a comprehensive regional land package totalling 53,700 acres (217 sq km). The Whistler Project has indicated resources of 3.0 million gold equivalent ounces and inferred resources of 6.5 million gold equivalent ounces.

Mineral resources have been estimated at three gold-copper porphyry deposits (Whistler, Raintree West and Island Mountain) and several additional geophysical and geochemical targets anomalies contain mineralized drill intersections that require follow-up drilling.

Whistler's base camp and gravel airstrip are established for field programs.

Whistler’s growth potential includes opportunity for U.S. GoldMining’s dedicated team to apply new regional geologic models to unlock value for Whistler, as well as following best practices in safety, environment and sustainability to optimize project advancement towards permitting and eventual development.

Commodity: Gold, Copper
Ownership: 100%
Location: Alaska
Infrastructure: Winter road, airstrip, camp
Property Size: 53,700 acres (21,750 Ha)
Deposit Type: Gold-copper porphyry

RESOURCES:

Indicated: 118.2 Mt grading 0.51 g/t gold (1,939,000 oz),2.19 g/t silver (8,332,000 oz),0.16 % copper (421,979,000 lbs),or 0.79 g/t gold equivalent (2,993,000 oz)

Inferred: 317.0 Mt grading 0.46 g/t gold (4,669,000 oz),1.58 g/t silver (16,060,000 oz),0.10 % copper (711,417,000 lbs),or 0.63 g/t gold equivalent (6,446,000 oz)

Drilling: 257 holes (70,247 m)

Technical Report:

Whistler, Alaska – District Scale, Highly Prospective Jurisdiction, Open for Business

ALASKA

Ranks #2 world-wide for Best Practices Mineral Potential Index (Geological Potential)
Ranks #4 for overall Investment Attractiveness according to the Fraser Institute survey

WHISTLER GOLD-COPPER PROJECT

100 miles NW of Anchorage
State “Roads to Resources” program to unlock mineral potential

Unlocking Value of the Whistler Project, Alaska, U.S.A.

GoldMining Inc. aims to immediately unlock substantial value in Whistler by creating U.S. GoldMining without diluting GoldMining's capital structure.

The Company believes that creating a new company with Whistler as the flagship asset will catalyze the ‘rediscovery’ of Whistler and create a re-rating event in the market.

Advancing Whistler from resource to scoping study status and accreting additional value via exploration growth and capitalizing on the project’s location and access to proposed infrastructure development, will further drive increased valuation in the Whistler asset.

U.S. GoldMining Inc. is managed by an experienced team and governed by a seasoned Board of Directors.

Board & Management

MANAGEMENT:

Tim Smith, BSc, MSc (Hon), PGeo
CEO US GoldMining Inc, VP Exploration GoldMining Inc
Professional Geoscientist with over 25 years of experience in mineral exploration and mining. A track record of discovery and mine development of major gold systems in Australia and Canada with junior, mid-tier and major mining companies including Goldcorp and Newmont. Previously VP Exploration with Kaminak Gold Corp where he led the field team to discovery of the Coffee Gold Deposit in Yukon, Canada.

Alastair Still, BSc (Hon), MSc, PGeo
CEO GoldMining Inc
CEO of GoldMining Inc (GOLD/GLDG)and Director of Technical Services Gold Royalty Corp (GROY). Former Newmont Director of Corporate Development. Geologist with over 25 years of experience in corporate and project development, exploration and mine operations with Goldcorp, Placer Dome and Kinross

BOARD:

Garnet Dawson Bsc, MSc, PGeo
Geologist with over 30 years in exploration and mining with senior and junior mining companies in the Americas, Europe and Asia.

Aleksandra Bukacheva, CFA
Capital markets and finance professional focused on the metals and mining industry. former top-ranked equity research analyst for BMO Capital Markets. Also served in executive and director roles for several private and public resource companies.

Laura Schmidt, BSc, MSc, PhD, PE
Global executive with over 30 years of experience in the resource industry. Ms. Schmidt has held numerous senior positions with Shell, including as V.P. Alaska.

Dr. Ross Sherlock, PhD, PGeo
Professional geologist with more than 30 years’ experience, including senior positions with Kinross and Gold Fields. Dr. Sherlock is currently Professor and Director of the Mineral Exploration Research Centre at Laurentian University.

Lisa Wade, BSc, MSc
Environmental engineer with over 25 years of experience in the mining industry including as former Vice President, Environmental, Reclamation and Closure for Goldcorp. Ms. Wade is currently a director of Gold Standard Ventures and on the Montana Tech Alumni Industrial Advisory Board.