FRANKFURT: GIH) is pleased to announce shipment of the first concentrates for sale

from its El Aguila Project. The Company’s El Aguila Project is located in Oaxaca,

Mexico.

Gold Resource Corporation’s first shipment of concentrates has now been made and

sold under contract to Consorcio Minero de Mexico Cormin Mex, S.A. de C.V. (a

Trafigura Group Company) who will take delivery at a Mexican port for ultimate shipment

to a smelter. Trafigura is the second largest buyer of concentrates in the world.

William W. Reid, President of Gold Resource Corporation stated, “This is an important

milestone in the progress of the El Aguila Project. It has taken essentially two months to

get the mill running consistently from a mechanical point of view. With the mechanical

aspects now behind us, our focus has shifted to the last part of commissioning,

optimizing the mill operationally and metallurgically. We have not yet achieved designed

throughput nor designed recovery so we are still running low grade ore until these final

parameters are achieved. It may take several more weeks to optimize the grinding and

flotation circuits and achieve the level of training and operator experience necessary

before commercial production can be declared. We are very pleased with the

commitment and accomplishments of our people as they work through these important

steps.”