High-Grade Drill Intercepts At Switchback

COLORADO SPRINGS, CO - Gold Resource Corporation reported new Switchback drill highlights from its El Aguila Project in Mexico, including 15.22 meters of 3.18 grams per tonne (g/t) gold and 292 g/t silver.

Infill Switchback Hole 515047 intercepted the Soledad vein returning 15.22 meters grading 3.18 g/t gold, 292 g/t silver, 0.87% copper, 1.56% lead and 4.26% zinc; including 1.15 meters grading 12.65 g/t gold, 822 g/t silver, 0.75% copper, 0.93% lead and 1.59% zinc (see table below). Additional higher-grade precious metals within the 15 meters of high-grade section included 1.91 meters of 5.06 g/t gold and 388 g/t silver and 2.03 meters of 7.62 g/t gold and 1,132 g/t silver.

Hole 515051 stepped out along the northerly boundary of known mineralization by approximately 25 meters and intercepted multiple parallel Switchback veins with the Susana vein returning 4.43 meters grading 2.95 g/t gold, 68 g/t silver, 0.31% copper, 6.53% lead and 7.53% zinc; including 1.07 meters grading 9.21 g/t gold, 104 g/t silver, 0.24% copper, 6.44% lead and 6.35% zinc (see table below). The Soledad vein returned 7.63 meters grading 2.11 g/t gold, 137 g/t silver, 0.42% copper, 1.50% lead and 7.25% zinc; including 1.02 meters grading 2.68 g/t gold, 354 g/t silver, 0.82% copper, 1.19% lead and 5.45% zinc. Four additional parallel epithermal veins were intercepted in Hole 515051, all of which confirmed polymetallic mineralization containing gold, silver, copper, lead and zinc.

The Switchback area, located on the Company's El Aguila Project, expands the Arista Mine's potential with additional high-grade mineralized veins. The mineralized horizon at Switchback has grown to 450 meter strike by 450 meter depth and remains open in all directions. The Company continues to expand the Arista mine's underground infrastructure by drifting towards Switchback with a target of reaching the mineralized veins by the end of 2015.

Mine development plans are in place with a goal of drawing mineral from Switchback the first half of 2016. As ongoing ramp development advances towards Switchback, a third closer drill station is planned for construction, which should allow for more advantageous distance and drill angles to efficiently continue Switchback exploration. The Company plans to commence another round of drilling once the new drill pad is in place, targeted for early 2016. This program targets further exploration and delineation of the multiple high-grade parallel veins at Switchback, while continuing to optimize the initial mine plan. These recent Switchback results expand the Arista Mine's vein systems.

Barry Devlin, Vice President of Exploration, said, "This latest round of drill results from Switchback has now defined seven robust, parallel, high-grade, polymetallic veins. We expect to move into a third underground drill station located closer to the Switchback mineralization by the first quarter of 2016, which should allow us to more effectively test the extensions of the Switchback mineralization early next year."