GoldMining Inc. reported preliminary results from reprocessing, inversion and modeling of historic geophysical surveys on the Rea uranium project ("Rea Project"), Western Athabasca Basin, Alberta, Canada. The Rea Project is owned 75% by the Company and 25% by Orano Canada Inc. ("Orano"). The large land package of approximately 125,328 hectares surrounds Orano?s high-grade Dragon Lake prospect at its Maybelle River project.

World-class uranium deposits located 60 km to the southeast of the Rea Project include Fission Uranium Corp.'s ("Fission") Triple R deposit and NexGen Energy Inc.'s ("NexGen") Arrow deposit, which are currently in development. Reprocessing, inversion modelling and reinterpretation of historic geophysical surveys have identified over 70 linear kilometres of basement conductive trends on the Rea Project, interpreted as graphite-bearing shear zones which are prospective for unconformity-style uranium mineralization in the Athabasca Basin, in three northwest trending corridors. The Maybelle River Corridor (11 km) trending northward from Orano's Maybelle River Project, which hosts shallow high-grade uranium mineralization at the Dragon Lake prospect.

Five historic drill holes tested a portion of the Maybelle River Corridor on the Company?s Rea Project claims, intersecting anomalous uranium values in two holes, and anomalous pathfinder elements and pathfinder minerals including clay alteration and dravite, which is a distinctive accessory mineral associated with many major Athabasca uranium occurrences, in three of the five drill holes. The Net Lake Corridor (20 km) has seen only wide spaced drilling (comprising 20 historic holes), with five holes intersecting anomalous uranium values and associated pathfinder elements and minerals. The Keane Lake Corridor (40 km) is largely untested except for two historic drill holes that intersected anomalous uranium values in the south-central area of the Rea Project.

Each of the three prospective corridors are interpreted as potentially significant and deeply rooted basement structures, which are known to be fundamental to the formation of Athabasca uranium deposits. Drill-proven fault and shear zones have been intersected on both the Maybelle River and Net Lake corridors. Follow-up exploration programs are expected to include additional geophysics to refine targets in advance of drilling.