FOR IMMEDIATE RELEASE NEWS

February 11, 2008 OTCBB: GORO

FRANKFURT: GIH

GOLD RESOURCE CORPORATION’S EL AGUILA PROJECT RETURNS

1M OF 34.3 G/T GOLD WITHIN 9M OF 1.4 OZ/T

GOLD EQUIVALENT AT LA ARISTA;

10M OF 0.55 OZ/T GOLD EQUIVALENT AT EL AIRE

DENVER – February 11, 2008 – Gold Resource Corporation (GRC) (OTCBB: GORO, FRANKFURT: GIH) reports 1 meter of 34.3 g/t gold within 9 meters of 1.4 oz/tonne gold equivalent (AuEq) at its La Arista deposit and 10 meters of 0.55 oz/tonne AuEq at its El Aire deposit. The La Arista and El Aire vein deposits are part of GRC’s El Aguila Project in the southern state of Oaxaca, Mexico. The El Aguila Project is targeting gold production the second half of 2008 subject to timely obtaining the remaining required permits, regulatory approvals and equipment delivery schedules.

Recent drill highlights include:

La Arista Hole # 7089 (-45 deg)

Vein # 1

1. •

1 meter of 34.30 g/t gold, 1375 g/t silver, 1.57% copper, 5.99% lead, 6.97% zinc, (or a gold equivalent* value of 86.67 g/t (2.79 oz/tonne)) and,

•

1 meter of 15.00 g/t gold, 1040 g/t silver, 0.71% copper, 1.61% lead, 6.10% zinc, (or a gold equivalent* value of 49.80 g/t (1.60 oz/tonne)) within,

•

9 meters of 6.90 g/t gold, 894 g/t silver, 1.26% copper, 3.88% lead, 6.08% zinc, (or a gold equivalent* value of 43.65 g/t (1.40 oz/tonne))

 

Vein # 2

1. •

1 meter of 10.95 g/t gold, 1605 g/t silver, 0.54% copper, 0.63% lead, 1.14% zinc, (or a gold equivalent* value of 49.65 g/t (1.60 oz/tonne)) within,

•

2 meters of 8.69 g/t gold, 1788 g/t silver, 0.61% copper, 0.47% lead, 0.91% zinc, (or a gold equivalent* value of 50.99 g/t (1.64 oz/tonne))

 

El Aire Hole # 7292 (-61 deg)

1. •

10 meters of 2.16 g/t gold, 288 g/t silver, 0.43% copper, 1.49% lead, 3.93% zinc, (or a gold equivalent* value of 16.94 g/t (0.55 oz/tonne))

 

The present drilling focus of GRC is to define the La Arista deposit’s three parallel veins, each with significant underground mining widths. Currently, Vein # 1 is 8-10 meters wide, Vein # 2 is 5-6 meters wide and Vein # 3 is 2-4 meters wide. As previously stated, current drilling has shown ore grade mineralization over 300 meters of vertical extent but with all veins open in strike and depth.

Recent La Arista and El Aire drill results include:

Hole	Angle	From	Interval	Au	Ag	Cu	Pb	Zn	AuEq*	AuEq*
#	(deg)	Meters	Meters	g/t	g/t	%	%	%	g/t	oz/tonne
La Arista
7089	-45	142	1	10.95	1605	0.54	0.63	1.14	49.65	1.60
7089	-45	143	1	6.42	1970	0.67	0.31	0.67	52.34	1.68
Average	2	8.69	1788	0.61	0.47	0.91	50.99	1.64
7089	-45	235	1	2.45	1895	1.27	1.56	2.78	53.22	1.71
7089	-45	236	1	3.36	2370	4.30	2.41	4.56	77.75	2.50
7089	-45	237	1	1.70	234	0.70	10.90	14.75	43.74	1.41
7089	-45	238	1	0.43	126	0.46	4.73	5.32	18.33	0.59
7089	-45	239	1	1.33	330	1.25	2.54	5.37	23.04	0.74
7089	-45	240	1	1.02	121	0.30	2.07	4.48	13.30	0.43
7089	-45	241	1	2.48	558	0.75	3.12	4.36	27.04	0.87
7089	-45	242	1	34.30	1375	1.57	5.99	6.97	86.67	2.79
7089	-45	243	1	15.00	1040	0.71	1.61	6.10	49.80	1.60
Average	9	6.90	894	1.26	3.88	6.08	43.65	1.40
El Aire
7292	-61	225.5	9	2.12	286	0.42	0.99	3.93	16.07	0.52
7292	-61	234.6	1	2.53	304	0.55	5.58	3.97	24.10	0.77
Average	10	2.16	288	0.43	1.49	3.93	16.94	0.55

 

*(Gold Equivalent (AuEq*) in chart using gold at $650/oz, silver at $14/oz, copper at $3.10/lb, lead at $1.40/lb, zinc at $1.20/lb) Assays by ALS Chemex, Vancouver, BC Canada

Gold Resource Corporation’s President William W. Reid stated, "The La Arista deposit was discovered less than 7 months ago and since then drilling continues to intercept impressive high-grade gold and silver values. The 1 meter intercept of 34.3 g/t gold (with 1375 g/t silver) is the highest gold intercept to date at La Arista. The La Arista deposit alone, with the gold and silver grades we are intercepting, has the potential to provide us the ability to produce 100,000 to 120,000 ounces, or more, of gold and or gold equivalent per year. Once La Arista production begins (targeted to begin in the second year), GRC’s gold equivalent (AuEq) production numbers will only include precious metals (gold and silver) with silver values converted to the equivalent gold ounces. First year production is targeted from the El Aguila Project’s high-grade, shallow El Aguila open pit".

The significance of the La Arista intercepts can be illustrated by relating them to the potential annual production of the proposed El Aguila mill. The 300,000 tonne per year mill with an average head grade of only 11 grams per tonne gold produces 100,000 ounces of gold per year. Equally, a silver grade of 500 grams per tonne through the mill would yield 5.3 million ounces of silver which equates to a gold equivalent (AuEq) 100,000 ounces. A head-grade through the mill containing a combination of both gold and silver values, such as those shown by the intercepts in this and previous press releases for the La Arista deposit, are capable of producing 100,000 to 120,000 ounces, or more, per year gold and/or AuEq. The La Arista deposit has many intercepts exceeding these threshold values.

 

Gold Resource Corporation is very fortunate to have a polymetallic deposit at La Arista. The benefit of polymetallic ore (polymetallic being gold, silver, copper, lead, and zinc) is while recovering gold and silver, valuable base metals (copper, lead, and zinc) are also recovered. Any base metal revenues are in addition to the gold and silver revenues and are applied against production costs of gold and silver. The net effect of La Arista’s impressive polymetallic ore is that yearly production of 100,000 ounces or more, of gold / AuEq (gold and silver) will result in very low cost, or possibly even negative cost, of production. This is in line with industry practice as evidenced by Agnico Eagle, Goldcorp and others who use base metal production to lower gold production costs.

The rapidly expanding La Arista deposit will continue to evolve as to its average estimated grade but with this recent high of 34 g/t gold and the previously reported high of 5,000 g/t silver, La Arista’s grade appears to be trending higher, especially in precious metals. The high-grade La Arista deposit is scheduled to commence processing during the second year of El Aguila mill operation.

Though GRC’s main focus continues on the La Arista area, a recent step out hole (# 7292) at the El Aire deposit, which has not been drilled for several months, extends the El Aire vein mineralization south by 70 meters. El Aire vein mineralization is open in both strike and depth. The El Aguila Project continues to grow in the El Aire/La Arista areas where mineralization now extends 700 meters along strike.

Mr. Reid continued, "We are very pleased with the progress of the El Aguila Project. Our aggressive exploration program continues to reward with exciting high-grade gold intercepts. We recently began construction at the El Aguila Project with the mine and mill road. Mill equipment procurement is progressing well and we are expecting the mill/tailings permit shortly. Gold Resource Corporation is moving forward on all fronts as an emerging low cost gold producer and, as of now, is on course to begin production the second half of 2008."

About GRC

Gold Resource Corporation is a mining company focused on production and pursuing development of gold and silver projects that feature low operating costs and produce high returns on capital. The Company has 100% interest in four potential high-grade gold and silver properties in Mexico’s southern state of Oaxaca. The company has 34,156,952 shares outstanding and no warrants. For more information, please visit GRC’s website, located at www.Goldresourcecorp.com and read the Company’s 10-KSB for an understanding of the risk factors involved.

This press release contains forward-looking statements that involve risks and uncertainties. The statements contained in this press release that are not purely historical are forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act. When used in this press release, the words "plan", "target", "anticipate," "believe," "estimate," "intend" and "expect" and similar expressions are intended to identify such forward-looking statements. Such forward-looking statements include, without limitation, the statements regarding Gold Resource Corporation’s strategy, future plans for production, future expenses and costs, future liquidity and capital resources, and estimates of mineralized material. All forward-looking statements in this press release are based upon information available to Gold Resource Corporation on the date of this press release, and the company assumes no obligation to update any such forward-looking statements. Forward looking statements involve a number of risks and uncertainties, and there can be no assurance that such statements will prove to be accurate. The Company's actual results could differ materially from those discussed in this press release. In particular, there can be no assurance that commercial production at the El Aguila Project will be achieved in the time frames estimated, at the rates and costs estimated, or even at all. Factors that could cause or contribute to such differences include, but are not limited to, those discussed in the company’s 10-KSB and Form SB-2 filed with the Securities and Exchange Commission

Contact: Jason Reid – VP / Corporate Development 303-320-7708