FRANKFURT: GIH) is pleased to announce a new high-grade gold and silver discovery

with intercepts including 9.9 g/t (0.32 oz/t) gold and 598 g/t (19.23 oz/t) silver over 0.73

meters within GRC’s El Aguila Project. GRC’s El Aguila Project is located in Oaxaca,

Mexico.

Gold Resource Corporation accelerated its drill program in February of this year to test

new target areas on its El Aguila Project. This new discovery of significant

mineralization is encouraging as it may represent a new vein system over 150 meters

NW of the Arista deposit (see map). This mineralization is located along the main San

Jose structural corridor between the Arista vein system on the SE and the El Aguila

open pit mine, 2 kilometers along trend to the NW.

The regional San Jose structural corridor runs North 70 West and is host to the

Company’s current three deposits; the Aguila open pit deposit, El Aire vein deposit and

the Arista underground vein deposit. This same corridor has returned high-grade rock

chip surface samples for the 8 kilometers that it has been sampled. The highest 115

rock chip surface samples taken over this 8 kilometers of the San Jose structural

corridor ran “ore grade” at 0.38 ounce/tonne gold equivalent (Au and Ag). Gold

Resource Corporation has 100% interest along a total of 16 continuous kilometers of this

structural corridor spanning three historic mining districts (San Jose de Gracia, Las

Margaritas and Alta Gracia mining districts). This new discovery confirms high-grade

mineralization trending North 70 West, in addition to the Mirador vein and the Nariz vein,

along this important structural corridor.

Mr. Reid stated, “This new discovery suggests that potential exists for multiple

discoveries of mineralized veins along the two kilometers between the high-grade open

pit deposit and the high-grade Arista vein deposits. Previous indications of a possible

feeder vein in the Aguila open pit have returned intercepts from early drilling of 55 grams

gold and 701 grams silver over 4 meters and recent sampling for grade control in the

mining of this open pit returned our highest sample yet of 904 grams gold per tonne and

9720 grams silver per tonne over 2.5 meters. We believe these high-grade values in the

open pit are part of a possible feeder vein, that is also trending North 70 West, and is

part of this important structural corridor which includes our high-grade La Arista vein

system and now our new discovery.”

“We believe this new area’s intercepts are higher up in the system, similar to higher

elevations of the Arista deposit, and expect the veins to widen at depth. The Arista vein

deposits mineralization averages 3.64 meters in width and extends over 500 vertical

meters of continuous mineralization. The most important aspect is that we have

significant high-grade mineralization in a new area along this important structural

corridor. The location of our underground development is well situated to take

advantage of this new mineralized system. Additional drilling is planned to further

extend this new mineralization both laterally and at depth.” continued Mr. Reid.