Gold Resource (OTCBB: GORO) Provides Information to Shareholders

Gold Resource Corporation (GRC) (OTCBB: GORO) (FRANKFURT: GIH) recently issued an updated letter to shareholders on the company’s 3rd anniversary as a public company. GRC targets production at its El Aguila Project, in the southern state of Oaxaca, Mexico, in 2009. September 14th marks the 3rd anniversary of Gold Resource Corporation as a public company and a look back at its accomplishments is in order. Our IPO was completed at $1.00 per share so we are pleased to see the stock trading currently around $7.00 per share.

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We are pleased with the team of professionals we have and are assembling. Their competence, excitement and commitment to the project are reflected in the Company's performance and in its accomplishments. We are in the final stages of completing the mill and are stockpiling ore from the open pit mine almost daily. The capital costs for the El Aguila Project and the time frame to production are certainly at the low end of the spectrum for the mining business yet we believe that the Company's return on that investment will be at the upper most realms for mining companies. In addition, our growth curve from a targeted 70,000 ounces of gold in the first 12 months building to around 200,000 ounces of precious metal gold equivalent in the third year is significant especially when coupled with the very low costs anticipated for this production.  We are pleased to be joined in our endeavors in a strategic alliance by Hochschild Mining, a leading precious metals company listed on the London Stock Exchange with a primary focus on the exploration, mining, processing and sale of silver and gold. Our strategic partner has over forty years experience in the mining of precious metal epithermal vein deposits and currently operate five underground mines in the Americas. Hochschild have been instrumental in our equity funding as a shareholder. We have appreciated their help and advice and look forward to a continuing good relationship. We believe we have an exceptional property position that can provide years of production and growth; we believe we have an exceptional high-grade geologic system that is only beginning to share with us what treasures it holds; and we believe we have a strategy well suited to maximize shareholder value. At a time when world financial systems are uncertain, gold and gold mining stocks provide a prudent alternative to this financial uncertainty. At a time when the gold cycle may be on one of its historical upward trends, Gold Resource Corporation has a small group of very competent, very motivated people whose vision is to create a new mid-tier gold producer focused on cash flow and dividends. This is the time, we believe, to be a shareholder of Gold Resource Corporation.

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