NR going underground...this should jump the sp to $30

Welcome to the Gold Resource Corp. HUB on AGORACOM

NASDAQ : GORO / Low operating costs and producing high returns on capital.

Dear Agoracom Family,

I want to thank all of you for your patience with us over the past 48 hours and apologize for what was admittedly a botched launch of our new site.

As you can see, we have reverted back to the previous version of the site while we address multiple forum functionality flaws that inexplicably made their way into the launch.

To this end:

1.We have identified 8 fundamental but easily fixable flaws that will be corrected in the coming week, so that you can continue to use the forums exactly as you've been accustomed to.

2.Additionally we will also be implementing a couple of design improvements to "tighten up" the look and feel of the forums.

Sincerely,

George et al

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duncanmcl

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NR going underground...this should jump the sp to $30

posted on Mar 14, 2011 12:49PM

DENVER, CO -- (Marketwire) -- 03/14/11 -- Gold Resource Corporation (GORO) (NYSE Amex: GORO) reports the production transition and commencement of processing its La Arista underground ore. Gold Resource Corporation is a low-cost gold producer with operations in the southern state of Oaxaca, Mexico.

Transition from processing the Aguila Project's open pit ore to processing its Arista underground ore is underway with flotation optimization to produce three separate concentrates; a Gold/Copper, a Lead/Silver and a Zinc concentrate.

Gold Resource Corporation's President, Mr. Jason Reid stated, "La Arista's high-grade polymetallic deposit is the Company's real value and source of its longevity, and we are excited to make this important production transition ahead of schedule. As we target higher average grade ore, greater production levels and lower cash cost per ounce production, we look forward to 2011 as a transformational year for the Company."

"The Aguila open pit deposit enabled the Company to achieve commercial production in the shortest amount of time, provided necessary waste rock for the tailings dam and successfully positioned the Company as a low cost gold producer. The remaining El Aguila open pit ore stockpiles will be processed in the mill's agitated leach circuit after the processing of Arista underground ore is optimized," stated Mr. Reid.

Gold Resource Corporation's high-grade Arista deposit is the Company's largest deposit discovered to date with a current mine life estimate of 8 years. Three drill rigs target additional ounces as the Arista deposit remains open in strike and depth.

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