Gold Resource Corporation Reports 2017 Alta Gracia Exploration Drill Results, Including 1.29 Meters Grading 4.33 G/T Gold and 1,710 G/T Silver

COLORADO SPRINGS, CO--(Marketwired - Oct 24, 2017) - Gold Resource Corporation (NYSE American: GORO) ( NYSE MKT : GORO ) (the "Company") today announced drill highlights from its 2017 Alta Gracia drill program located in its Oaxaca Mining Unit, Mexico. Drill highlights include 1.29 meters grading 4.33 grams per tonne (g/t) gold and 1,710 g/t silver, and 1.47 meters grading 2.29 g/t gold and 708 g/t silver. Gold Resource Corporation is a gold and silver producer, developer and explorer with operations in Oaxaca, Mexico and Nevada, USA. The Company has returned $110 million to shareholders in monthly dividends since commercial production commenced July 1, 2010, and offers shareholders the option to convert their cash dividends into physical gold and silver and take delivery.

The Alta Gracia property, which hosts the Mirador Mine, is located approximately 16 kilometers north west of the Company's Aguila Project. The 2017 Alta Gracia surface drill campaign tested four primary vein structures which outcrop at the surface.

Alta Gracia Drill Highlights include (m = meters, g/t = grams per tonne) (see full table below):


Hole # 417006
	0.23m	of	5.17	g/t	gold,	2,990	g/t	silver

Hole # 417009
	1.06m	of	1.36	g/t	gold,	453	g/t	silver

Hole # 417030
	1.47m	of	2.29	g/t	gold,	708	g/t	silver
incl.	0.51m	of	6.11	g/t	gold,	1,930	g/t	silver

Hole # 417034
	3.83m	of	1.13	g/t	gold,	194	g/t	silver
incl.	0.71m	of	4.24	g/t	gold,	256	g/t	silver

Hole # 417036
	0.98m	of	0.69	g/t	gold,	1,030	g/t	silver

Hole # 417038
	1.29m	of	4.33	g/t	gold,	1,710	g/t	silver
incl.	0.59m	of	8.46	g/t	gold,	3,280	g/t	silver

Hole # 417040
	1.72m	of	1.40	g/t	gold,	820	g/t	silver
incl.	0.46m	of	1.10	g/t	gold,	1,445	g/t	silver

Hole # 417041
	0.77m	of	1.13	g/t	gold,	690	g/t	silver
incl.	0.33m	of	2.59	g/t	gold,	1,215	g/t	silver

The 2017 Alta Gracia drill program intercepted multiple parallel high-grade gold and silver veins. The primary four vein structures were targeted for drilling because of the presence of numerous historic underground workings that previously exploited high-grade gold and silver. The 2017 drill targets were generated from previous drilling by the Company, as well as numerous chip sampling from underground workings. The data obtained from this year's drill program will be used to generate new drill targets for follow up in 2018, with a goal of defining additional mineralization to support future mining operations in conjunction with the Mirador Mine.

Mr. Barry Devlin, Vice President of Exploration, stated, "Our 2017 drill campaign at Alta Gracia was a success on many levels. We continue to see elevated levels of gold and silver in multiple drill holes at Alta Gracia. Not only did our exploration efforts intercept all four targeted primary veins, but also discovered multiple new unnamed mineralized veins. We look forward to returning to Alta Gracia in 2018 with another drill program to build on our 2017 drill success."

The Alta Gracia property is one of six potential high-grade gold and silver properties in the Company's Oaxaca Mining Unit, which includes over 684 square kilometers in southern Mexico. The Mirador Mine is the Company's second operating mine, which began production in mid-2017.

ALTA GRACIA
2017 DRILL RESULTS SUMMARY

Hole #

Angle

Vein

From

Interval

deg

Meters

g/t

417006

-45

Vein

46.73

1.07

0.37

114

Vein

71.38

0.23

5.17

2,990

Victoria

78.64

0.45

0.64

367

417009

-46

Vein

23.19

1.06

1.36

453

Vein

132.53

0.15

1.45

464

Vein

150.21

0.55

1.64

132

Vein

178.53

0.13

1.60

170

417010

-44

Vein

17.43

1.05

0.43

165

incl.

17.84

0.26

1.31

531

Vein

28.94

2.01

0.53

incl.

30.50

0.45

1.74

128

417016

-4

Vein

115.75

0.11

0.35

274

417018

-35

Vein

65.02

0.24

0.23

224

Huaje 1

73.33

0.24

0.48

306

Vein

84.79

0.55

0.54

557

Vein

121.66

0.21

0.51

527

417019

-36

Huaje 1

76.36

0.29

0.30

276

Vein

108.47

0.20

0.79

554

417022

-19

Vein

66.04

0.10

0.33

259

Vein

100.18

0.12

0.42

705

417023

-31

Vein

63.17

0.58

0.45

399

Vein

91.04

0.22

0.80

295

Huaje 1

201.79

0.25

0.98

268

417024

-27

Huaje 3

66.21

0.21

0.27

255

Vein

74.73

0.16

0.44

493

417027

-53

Vein

54.33

0.27

2.41

417030

-32

Vein

93.63

1.47

2.29

708

incl.

93.63

0.51

6.11

1,930

Vein

108.06

0.98

0.62

355

417031

-17

Vein

42.28

0.72

0.94

311

incl.

42.28

0.32

2.00

620

417032

-1

Vein

21.30

2.35

0.30

132

incl.

22.95

0.70

0.23

237

Jarillas 2

127.86

1.76

0.12

158

incl.

128.15

0.67

0.14

221

417034

Vein

22.23

3.83

1.13

194

incl.

22.23

0.71

4.24

256

417035

-37

Vein

89.70

1.98

0.49

212

incl.

90.51

0.40

1.15

334

417036

-15

Pitayos 2

15.34

2.89

0.34

106

Vein

145.68

0.98

0.69

1,030

Vein

161.77

0.63

0.72

203

incl.

161.77

0.17

2.36

674

417037

-25

Vein

8.38

1.42

0.39

145

Victoria NE

75.85

0.95

0.50

400

incl.

76.42

0.38

0.52

768

Vein

107.40

0.25

0.45

317

Vein

121.93

0.20

0.77

475

Vein

137.00

0.42

0.65

307

417038

Vein

1.19

0.41

0.78

202

Vein

7.45

2.65

0.34

150

incl.

7.45

0.39

0.50

336

incl.

9.77

0.33

1.94

636

Victoria NE

75.82

1.29

4.33

1,710

incl.

75.82

0.59

8.46

3,280

417039

-16

Vein

14.63

0.24

0.22

553

Vein

134.70

0.40

0.54

192

Vein

138.18

0.88

0.12

137

417040

-41

Vein

87.34

0.41

0.14

513

Vein

114.66

0.29

0.48

229

San Juan

184.12

1.72

1.40

820

incl.

185.38

0.46

1.10

1,445

417041

-14

Victoria

72.56

0.77

1.13

690

incl.

73.00

0.33

2.59

1,215

Vein

96.55

0.39

4.30

343

417044

-32

Vein

1.70

0.75

0.86

339

incl.

2.10

0.35

1.54

622

Assays by ALS, Vancouver, BC Canada. Meters downhole, not true width

Gold Resource Corporation is a gold and silver producer, developer and explorer with operations in Oaxaca, Mexico and Nevada, USA. The Company has 56,891,484 shares outstanding, zero warrants and has returned $110 million back to shareholders since commercial production commenced July 1, 2010. Gold Resource Corporation offers shareholders the option to convert their cash dividends into physical gold and silver and take delivery. For more information, please visit GRC's website, located at www.Goldresourcecorp.com and read the Company's 10-K for an understanding of the risk factors involved.

This press release contains forward-looking statements that involve risks and uncertainties. The statements contained in this press release that are not purely historical are forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act. When used in this press release, the words "plan", "target", "anticipate," "believe," "estimate," "intend" and "expect" and similar expressions are intended to identify such forward-looking statements. Such forward-looking statements include, without limitation, the statements regarding Gold Resource Corporation's strategy, future plans for production, future expenses and costs, future liquidity and capital resources, and estimates of mineralized material. All forward-looking statements in this press release are based upon information available to Gold Resource Corporation on the date of this press release, and the company assumes no obligation to update any such forward-looking statements. Forward looking statements involve a number of risks and uncertainties, and there can be no assurance that such statements will prove to be accurate. The Company's actual results could differ materially from those discussed in this press release. In particular, there can be no assurance that production will continue at any specific rate. Factors that could cause or contribute to such differences include, but are not limited to, those discussed in the Company's 10-K filed with the SEC.


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