Gold Resource Corporation's Large Grinding Ball Mill Arrives at Its El Aguila Project

DENVER, CO--(Marketwire - August 17, 2009) - Gold Resource Corporation (GRC) (OTCBB: GORO)
(FRANKFURT: GIH) is pleased to report its large grinding ball mill has
arrived on site and open pit mining and stockpiling of ore have begun in
preparation for operations at its El Aguila Project in the southern state
of Oaxaca, Mexico. GRC targets production at its El Aguila Project in
2009, subject to remaining equipment delivery and construction schedules.

The El Aguila Project's largest ball mill arrived Sunday, August 16, 2009.
Lyntek Incorporated, the project's engineering, procurement and
construction manager (EPCM), has their grinding mill expert on site for the
installation. GRC's second, smaller ball mill, which was fabricated in
Peru, has arrived in Mexico and will be shipped to the site shortly. Gold
Resource Corporation is in the final phase of mill construction with the
mechanical / electrical contract underway. Most of the equipment has
arrived on site and is being installed. The Company is pushing for
production as soon as possible in 2009.

Having now received the Federal open pit permit, mining of the ore has
begun and is being stockpiled at the mill in preparation for operations.
The Company targets stockpiling as much gold ore as possible prior to mill
start-up.

Gold Resource Corporation's president, William W. Reid, stated, "Having
recently obtained the permits necessary to mine our El Aguila open pit
deposit we are pleased to now have only to finish construction for
production to begin."

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 four potential high-grade gold and silver properties in Mexico's
southern state of Oaxaca. The company has 46,095,489 shares outstanding
and no warrants. 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.

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 commercial production at the
El Aguila Project will be achieved in the time frames estimated, at the
rates and costs estimated, or even at all. 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 Securities and Exchange
Commission.