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Gold Resource Corporation Announces Preliminary 2012 Record Annual Production Results and 2013 Outlook



Gold Resource Corporation Announces Preliminary 2012 Record Annual Production
                           Results and 2013 Outlook

PR Newswire

COLORADO SPRINGS, Colo., Jan. 17, 2013

COLORADO SPRINGS, Colo., Jan. 17, 2013 /PRNewswire/ -- Gold Resource
Corporation (NYSE MKT: GORO) (the Company) today announced preliminary 2012
fourth quarter and record year-end mill production of approximately 90,432
precious metal gold equivalent (AuEq) ounces and sets its 2013 Outlook.  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.    

Gold Resource Corporation's preliminary mill production results for 2012
totaled approximately 90,432 ounces AuEq, which included approximately 23,783
ounces AuEq produced during the fourth quarter.  The Company's 2012 production
totals increased approximately 37% over its 2011 production totals.  Full
financial results for the fourth quarter and fiscal year-end 2012 will be
available in the Company's annual report on Form 10-K to be filed with the
Securities and Exchange Commission.   

The Company's 2013 Outlook targets a mill production range between 80,000 and
100,000 ounces AuEq, which would be an increase of approximately 11% AuEq over
2012 annual production at the high end of the production range.  The target
range was set based on the Company's 2013 mine plan, the area of the deposit
scheduled to be mined during the upcoming year and the planned mill expansion
goals with associated down time for construction. 

The Company views 2013 as a significant development year for both mine
development and mill upgrades.  Expected mine development of the Arista
deposit to the southeast is projected to provide the ore for production in
2013 and position the Company to target higher grade ore shoots located
further southeast in the deposit in the 2014 production year.  As has been the
case over the last two years, the Company intends to upgrade the El Aguila
mill.  During 2013, the Company plans to increase the flotation mill capacity
to a nominal 1,500 tonnes per day throughput.  The Denver based engineering
firm Lyntek Inc., who served as the Company's Engineering, Procurement,
Construction Management for the original 2008-2009 mill construction, has been
contracted to complete these 2013 mill upgrades.  Significant planned upgrades
to the mill include the addition of another ball mill (already acquired by the
Company) to the grinding circuit, thickener surge tanks, and additional float
cell capacity as the Company targets increased production tonnages by mid-2013
into 2014.  Although the Company does not plan to shut the flotation mill down
for extended periods of time, construction activities will periodically impact
daily production.  Any extended period shut down could affect targeted 2013
AuEq production.

"During 2012, we faced various challenges inherent in the mining business and
are pleased to have produced 90,432 precious metal gold equivalent ounces,
marking a new record in annual production for the Company as we achieved a 37%
increase over last year's production," stated Gold Resource Corporation's
President, Mr. Jason Reid.  "We look forward to the 2013 production year, mine
development and mill upgrades and believe our new management team is
well-suited to meet the challenges ahead."

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 www.Goldresourcecorp.com 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.

Contacts:

Corporate Development
Greg Patterson
303-320-7708
www.Goldresourcecorp.com

SOURCE Gold Resource Corporation

Website: http://www.Goldresourcecorp.com
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