Crushing Plant Start-Up at Gold Resource Corporation's El Aguila Project Mill

DENVER, CO, Nov 02, 2009 (MARKETWIRE via COMTEX) --
GORO | Quote | Chart | News | PowerRating -- Gold Resource Corporation (GRC) (OTCBB: GORO | Quote | Chart | News | PowerRating) (FRANKFURT: GIH)
reports start-up and commissioning of the crushing plant at its El
Aguila Project's mill. Stockpiling of the Aguila open pit ore
continues in preparation for commencement of production at the El
Aguila Project in the southern state of Oaxaca, Mexico. The Aguila
mill is in the final phase of construction and is targeting gold
production in 2009 subject to equipment delivery and construction
schedules.

Gold Resource Corporation's President Mr. William W. Reid stated,
"With the start-up and commissioning of the crushing plant, we begin
the final steps to achieving gold production in 2009. As the
crushing plant becomes fully operational, we will stockpile crushed
ore in preparation of mill production. We are excited with the
reality that Gold Resource will soon emerge as a low cost gold
producer."

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

Contact:
Jason Reid
VP / Corporate Development
303-320-7708

SOURCE: Gold Resource Corporation

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