New Mineralized Zone At Arista Deposit

COLORADO SPRINGS, CO - Gold Resource Corporation has intercepted new mineralization approximately 500 meters northeast of the Arista vein, in the southern state of Oaxaca, Mexico, system in a stepout hole cutting 2.2 meters of 12.91 grams per tonne gold and 410 grams per tonne silver. The Company has returned over $83 million to shareholders in monthly dividends since declaring commercial production July 1, 2010. Discovery hole number 513024 was drilled from the Arista deposit's level 10 underground drill station. The hole was drilled to the northeast at a relatively shallow angle of -20 degrees. The Company targeted a parallel structure to the Arista deposit it calls the "Switchback" which had previously been mapped at the surface. At approximately 500 meters northeast a 14 meter wide (meters down hole, not true width) strongly mineralized vein was intercepted including 4.2 meters of 1.23 g/t Au, 125 g/t Ag, 0.66% Cu, 3.44% Pb 4.17% Zn.

A follow-up hole, number 513028, was drilled from the same underground drill station and in the same direction but at a steeper angle of -44 degrees. This hole intercepted the vein approximately 30 meters below the previous intercept in hole 513024. This intercept was also strongly mineralized measuring 15.5 meters wide (meters down hole, not true width) and averaging 2.95 g/t Au, 86 g/t Ag, 0.44% Cu, 0.84% Pb, 2.09% Zn, including 1.14 meters of 9.82 g/t Au, 91 g/t Ag, 0.64% Cu, 0.61% Pb, 0.90% Zn and 2.20 meters of 12.91 g/t Au, 410 g/t Ag, 1.20% Cu, 2.49% Pb, 4.33% Zn.

The "Switchback" is one of numerous parallel structures to the Arista deposit the Company is targeting with its ongoing drill program.

"It is exciting to see the potential of the Arista vein system continue to grow," stated President, Jason Reid. "As we continue to add to the various vein splays, such as splay #5 and splay #3 (now named the Santiago vein) on strike or parallel to the Arista deposit, we also target various parallel vein structures hundreds of meters from the deposit that could significantly extend the Arista system. This new mineralized vein discovery at Switchback, approximately 500 meters to the northeast, dramatically expands the Arista system's potential. We would not expect to intercept high-grade ore shoots on a new vein with the first initial drill holes, so to intercept a strong wide vein with excellent mineralization in the first few holes cutting the vein is very positive. We are excited to continue exploring this new mineralized vein discovery, as it continues to bolster our belief we have a very powerful epithermal system."