FRANKFURT: GIH) reports that commissioning of the initial flotation circuit is underway

at its El Aguila Project mill in the southern state of Oaxaca, Mexico.

Gold Resource Corporation’s President, Mr. William W. Reid stated, “The commissioning

of our El Aguila Mill has begun. We have initiated startup of our diesel generated power

plant. The large ball mill, the initial flotation circuit and the concentrate filter press are in

final shakedown as well. We target first concentrate production soon and if everything

goes well this could be before the end of the year.”

Mr. Reid continued “This is an exciting time for Gold Resource Corporation, its

shareholders and its employees. We have come a long way in a short amount of time.

We expect to emerge as a low cost producer and be in the position to take advantage of

these historically high gold prices.”