Expansion Continuing At Don David Mine

DENVER, CO - Gold Resource Corporation has intersected additional mineralization up to 250 meters above current production areas. "I recently had the opportunity to visit the Don David Mine and see firsthand the impressive Switchback and Arista vein systems," said, Allen Palmiere, President and CEO. "These drill results, which I expect will add resources to the mineral inventory, underscore the reasons for my attraction to Gold Resource Corporation and its highly prospective ground package. We are presently taking a holistic approach to understanding and further capitalizing on the foundations laid in the areas of safety, community relations, environmental stewardship, operational excellence and organic growth. These recent drill results support the Company's renewed commitment to invest in Oaxaca, Mexico. Our exploration team continues to do an excellent job working to expand the Don David Mine's high-grade mineralization."

From two underground exploration drill stations, one located in a footwall development ramp of the mine's Switchback vein system and the other located approximately 500 meters to the northeast of the Arista vein system, twelve (12) drill holes confirmed the northern strike and up-dip extensions of the Switchback vein system.

From the underground exploration drill station located in a footwall development ramp of the mine's Switchback vein system, five (5) drill holes confirmed the up-dip extensions of the Switchback vein system approximately 35 meters (two mine levels) above the current mine workings. The current intersections of the Selene vein suggest that the Switchback vein system, of which Selene is a constituent element, has been displaced to the northwest at shallower elevations. These intersections extend the known mineralization at Switchback at shallower depths.

In addition, from the underground exploration drill station located approximately 500 meters to the northeast of the mine's Arista vein system, seven (7) drill holes confirmed the northern strike and up-dip extensions of the Switchback vein system. Multiple en echelon veins were encountered, further extending the known mineralization at Switchback both along strike and at shallower elevations.

"We are pleased with the results of drilling completed late in 2020," said, Barry Devlin, Vice President of Exploration. "Our focus was and remains identifying additional mineralization along strike and up-dip at shallower elevations above the current mine workings. Our objective is to continue to test these extensions and expand resources of this growing system, as well as infill drilling to upgrade mineralized material to proven and probable reserves. We are also encouraged by the higher precious and lower base metal grades at this elevation clearly indicating we are higher in the Switchback vein system."