Gold Resource Corporation Accelerates Exploration Adding Second Core Drill at Its Aguila Project

DENVER, CO--(Marketwire - February 23, 2010) - Gold Resource Corporation (GRC) (OTCBB: GORO) (FRANKFURT: GIH) is pleased to announce an additional drill rig to accelerate exploration at its El Aguila Project, located in Oaxaca, Mexico.

Gold Resource Corporation expands its exploration program at its El Aguila project signing a new 6000 meter drill contract. GRC's drill contractor, GeoDrill S.A. de C.V., has delivered the second drill rig to the Aguila Project.

William W. Reid, President of Gold Resource Corporation, stated, "We are excited to test numerous new drill targets we have developed on our El Aguila Project with the goal of adding a fourth deposit. Though all three of our deposits discovered to date, the Aguila open pit, El Aire vein system and Arista vein system, have potential to expand with additional drilling we are very excited to test new areas of interest on the project."

Mr. Reid stated, "During the capital intensive period of building the mill we chose to go with one drill rig. We are now comfortable bringing in the second rig to accelerate our exploration. We will focus drilling on our new Aguila Project targets and are considering El Rey and Las Margaritas Projects this year for potential drill programs as well."