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Gold Resource Corporation Discovers New High-Grade Area

Posted on: Wednesday, 8 August 2007, 06:05 CDT

Gold Resource Corporation (GRC) (OTCBB: GORO) (FRANKFURT: GIH) is pleased to announce 2.5 meters of 45.1 g/t gold equivalent (1.45 oz/tonne AuEq*) in a new high-grade area called "La Arista" at its El Aguila Project in the southern state of Oaxaca, Mexico. La Arista is located at the eastern end of the El Aguila Project's main N70W structural corridor. GRC's El Aguila project is targeted for production mid-2008.

La Arista intercepts include:

-- Hole 7063 (40 deg, at 174 meters) 6 meters of 1.78 g/t gold, 825 g/t silver, 0.60% lead, 0.98% zinc (or a gold equivalent* value of 0.70 oz/tonne) including (at 174 meters) 1.1 meter of 6.06 g/t gold, 3048 g/t silver, 1.60% lead, 1.36% zinc (or a gold equivalent* value of 2.42 oz/tonne), or including (at 174 meters) 2.5 meters of 3.46 g/t gold, 1803 g/t silver, 1.03% lead, 1.16% zinc (or a gold equivalent* value of 1.45 oz/tonne). All mineralized zones in Hole 7063 total 22.5 meters at a gold equivalent value* of 0.30 oz/tonne. -- Hole 7028 (45 deg, at 18 meters) 4 meters of 0.36 g/t gold, 184 g/t silver, 0.03% lead, 0.07% zinc (or a gold equivalent* value of 0.14 oz/tonne) and (at 25 meters) 7 meters of 0.31 g/t gold, 162 g/t silver, 0.34% lead, 0.71% zinc (or a gold equivalent* value of 0.17 oz/tonne) and (at 109 meters) 2 meters of 0.15 g/t gold, 63 g/t silver, 0.45% lead, 1.09% zinc (or a gold equivalent* value of 0.12 oz/tonne). Previously reported intercepts located within this zone: -- Hole 7023 (90 deg, at 9 meters) 1 meter of 1.30 g/t gold, 1130 g/t silver, 1.39% lead, 0.68% zinc (or a gold equivalent* value of 0.90 oz/tonne) -- Hole 530 (30 deg, at 64 meters) 10 meters of 0.96 g/t gold, 412 g/t silver, 0.22% lead, 0.46% zinc (or a gold equivalent* value of 0.35 oz/tonne) Including (at 68 meters) 2 meters of 2.66 g/t gold, 1150 g/t silver, 0.63% lead, 1.10% zinc (or a gold equivalent* value of 0.96 oz/tonne).

*(Gold Equivalent (AuEq) using gold at $650/oz, silver at $14/oz, zinc at $1.50/lb, lead at $0.90/lb)

"The discovery of a new high-grade area, which includes our highest grade silver intercept to date of 3,048 g/tonne, lends credence to our belief of a very large and robust epithermal system at the El Aguila Project. We are pleased to be adding ounces as we move forward on all fronts as an emerging gold producer," stated Mr. William W. Reid, president of GRC.

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 owns 100% interest in four potential high-grade gold and silver properties in Mexico's southern state of Oaxaca. For more information, please visit GRC's website, located at www.Goldresourcecorp.com and read the Company's 10-KSB 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 "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 GRC's strategy, future production, future expenses and future liquidity and capital resources. All forward-looking statements in this press release are based upon information available to GRC on the date of this press release, and the company assumes no obligation to update any such forward-looking statements. The Company's actual results could differ materially from those discussed in this press release. Factors that could cause or contribute to such differences include, but are not limited to, those discussed in the company's 10-KSB and Form SB-2 filed with the Securities and Exchange Commission

Contacts: Jason Reid Gold Resource Corporation 303-320-7708

SOURCE: Gold Resource Corporation

Source: MARKET WIRE

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