Gold Resource Corporation Reports High Grade Las Margaritas

Gold Resource Corporation Reports High Grade Las Margaritas Drill
Intercepts Returning 2.85 Meters of 27.90 g/t Gold, 2600 g/t Silver 
COLORADO SPRINGS, CO -- (Marketwire) -- 01/08/13 --   Gold Resource
Corporation (NYSE MKT: GORO) (the Company) today announced high-grade
mineralization at its Las Margaritas property with drill intercepts
including 2.85 meters of 27.90 grams (0.89 ounces) per tonne gold and
2600 grams (84 ounces) per tonne silver. Gold Resource Corporation is
a low-cost gold and silver producer with operations in the southern
state of Oaxaca, Mexico. The Company has returned over $69 million to
shareholders in monthly dividends since declaring commercial
production July 1, 2010, and offers shareholders the option to
convert their cash dividends into physical gold and silver.  
Las Margaritas drill highlights include (meters down hole, not true
Hole # 312011 (-45 deg) 

--  2.85 meters of 27.90 g/t gold, 2600 g/t silver
--  0.69 meters of 1.76 g/t gold, 1100 g/t silver

The Company's drill program at Las Margaritas intends to test various
structural and mineralized exploration targets. Mapping, stream
sediment geochemical sampling and outcrop rock chip surface samples
generated targets and returned rock chip samples as high as 6.29
grams per tonne gold and 4150 grams per tonne silver. Hole #312011 is
one of several reconnaissance drill holes from the ongoing Las
Margaritas drill program. 

Hole #     Angle      From       Interval   Au         Ag         
           (deg)      Meters     Meters     g/t        g/t        
312011     -45        49.32      2.85       27.90      2600       
           124.72     0.85       0.40       451                   
                      125.57     0.69       1.76       1100       
312012     -67        82.79      1.61       0.24       871        
            Assays by ALS Chemex, Vancouver, BC Canada            

The Company's Las Margaritas property is mentioned in the well-known
1905 Mexican government publication by J.R. Southworth entitled The
Mines of Mexico as "...the place in which has been found some of the
richest ores in Mexico, some of the ores having reached the value of
18,000 ounces (silver) to the ton, and ores are frequently found
which assay 4,000 and 5,000 ounces (silver) to the ton."  
The Company believes it may be the first to ever drill this
prospective high-grade property. Historically, Las Margaritas was
mined on a small scale artisanal basis prior to the 1910 Mexican
Revolution and has remained dormant for the most part since. The
Company added the property to its portfolio as it consolidated land
along the north 70 west geologically significant structural corridor
in this region. 
As with all six of its Oaxaca, Mexico properties, the Company targets
additional deposit discoveries at Las Margaritas where high-grade ore
could be trucked to its strategically located mill at its El Aguila
Project. The existing El Aguila mill complex has both a flotation and
agitated leach circuit, so the Company is well positioned to process
any type of ore it may discover. The Company's strategy is to bring
multiple properties within trucking distance online to feed ore to
the mill. This will keep capital costs to a minimum on additional
project development and maximize head grades processed through the
mill, while bringing additional projects on line in an expedited
The Las Margaritas gold and silver mineralization discovered to date
does not show any appreciable base metals, so this precious metal
mineralization could potentially be processed through the El Aguila
Mill's agitated leach circuit. Any future production from the
agitated leach circuit would add to the Company's current production
from the mill's flotation circuit fed by the Arista underground
polymetallic mine. 
"These initial high-grade gold and silver drill intercepts at Las
Margaritas not only confirm mineralization at depth, but bolster our
belief we are exploring a powerful and extensive mineralized trend,"
stated Gold Resource Corporation's President, Mr. Jason Reid. "At one
end of our mineralized trend we have our producing La Arista deposit
located on our El Aguila Project. Forty-eight kilometers away along
the trend, we discovered a high-grade gold vein system at our El Rey
property. Along the same structural corridor, near the middle of the
trend, we have drilled mineralized structures at our Alta Gracia
property during its initial drill program. With these new high-grade
drill intercepts at Las Margaritas, the mineralized structural
corridor looks increasingly prospective for additional deposit
discovery. We have the dominant land position along this extensive
mineralized corridor and are excited with our exploration potential
targeting additional mineralization for future production."  
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 six potential high-grade gold and silver
properties in Mexico's southern state of Oaxaca. The Company has
52,679,369 shares outstanding, no warrants and no debt. Gold Resource
Corporation offers shareholders the option to convert their cash
dividends into physical gold and silver. For more information, please
visit GRC's website, located at and read the
Company's 10-K for an understanding of the risk factors involved. 
Cautionary Statements:
 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
production will continue at any specific rate. Factors that could
cause or contribute to such differences include, but are not limited
to, those discussed in the Company's 10-K filed with the SEC. 
Corporate Development
Greg Patterson 
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