Gold Resource Corporation Chairman William Reid to Retire; Vice Chairman Bill Conrad Named Successor

Gold ResourceCorporation (NYSE: GORO) (the "Company") announced today that Mr.William (Bill) Reid, Chairman of the Company's Board of Directors,will retire his post effective December 31, 2013. The Company's ViceChairman, Mr. Bill Conrad, was unanimously selected by the Board ofDirectors to succeed Bill Reid as Chairman of the Board. GoldResource Corporation is a gold and silver producer with operations inthe southern state of Oaxaca, Mexico. The Company has returned over$92 million to shareholders in monthly dividends since declaringproduction July 1, 2010, and offers shareholders the option toconvert their cash dividends into physical gold and silver and takedelivery.Mr. Bill Reid's retirement from the Board of Directors marks a majormilestone in his three decades-plus career in the mining industry.The Company congratulates Mr. Reid on his retirement decision andthanks him for his vision and his dedicated service since theCompany's inception. Mr. Reid, along with his brother David Reid, theCompany's former VP of Exploration who retired earlier this year,worked tirelessly to create and build Gold Resource Corporation froma start-up junior explorer into the gold and silver producer it hasbecome today.Bill Conrad, the Company's longest tenured independent director,having served since 2006, will take over the Chairman role for GoldResource Corporation. From 1990 until December 2012, Mr. Conradserved as Vice-President of MCM Capital Management, Inc., aprivately-held financial and management consulting firm heco-founded. Mr. Conrad also serves as a director of Synergy ResourcesCorporation.In connection with the retirement of Mr. Reid, the Board hasdetermined it will reduce the number of members to its current numberof four, with three of these four seats held by independentdirectors, for the foreseeable future."I am very proud of Gold Resource Corporation and the team ofprofessionals we have put in place, and I believe the Company isunique in its approach to the industry," stated Mr. Bill Reid. "I amvery pleased we built this Company from scratch into a precious metalproducer of gold and silver distributing meaningful dividends to itsshareholders. And, I am confident in the ability of Jason Reid, BillConrad and our team to continue to build value for the shareholdersof Gold Resource.""Bill Reid, along with his brother David Reid, sustained long careersin this challenging mining business, surviving the difficult timesand prospering during good times of this cyclical industry," statedGold Resource Corporation's Chairman, Mr. Bill Conrad. "Bill has lefta legacy of multiple deposit discoveries and mine building to hisname. We wish Bill well as he turns to the next chapter in his lifeand are pleased that he plans to consult for us as we search for andevaluate potential future mining projects."Gold Resource Corporation's CEO and President, Mr. Jason Reid stated,"I would like to congratulate Mr. Conrad on his promotion to Chairmanof the Board and look forward to working with him in his newcapacity."About GRC: Gold Resource Corporation is a mining company focused onproduction and pursuing development of gold and silver projects thatfeature low operating costs and produce high returns on capital. TheCompany has 100% interest in six potential high-grade gold and silverproperties in Mexico's southern state of Oaxaca. The Company has53,779,369 shares outstanding, no warrants and no debt. Gold ResourceCorporation offers shareholders the option to convert their cashdividends into physical gold and silver and take delivery. For moreinformation, please visit GRC's website, located atwww.Goldresourcecorp.com and read the Company's 10-K for anunderstanding of the risk factors involved.Cautionary Statements:This press release contains forward-looking statements that involverisks and uncertainties. The statements contained in this pressrelease that are not purely historical are forward-looking statementswithin the meaning of Section 27A of the Securities Act and Section21E 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 suchforward-looking statements. Such forward-looking statements include,without limitation, the statements regarding Gold ResourceCorporation's strategy, future plans for production, future expensesand costs, future liquidity and capital resources, and estimates ofmineralized material. All forward-looking statements in this pressrelease are based upon information available to Gold ResourceCorporation on the date of this press release, and the companyassumes no obligation to update any such forward-looking statements.Forward looking statements involve a number of risks anduncertainties, and there can be no assurance that such statementswill prove to be accurate. The Company's actual results could differmaterially from those discussed in this press release. In particular,there can be no assurance that production will continue at anyspecific rate. Factors that could cause or contribute to suchdifferences include, but are not limited to, those discussed in theCompany's 10-K filed with the SEC.