COLORADO SPRINGS – July 15, 2013 – Gold Resource Corporation (NYSE MKT: GORO) (the “Company”) announced today that Robert Muffly has resigned from the Company’s Board of Directors effective immediately pursuant to the terms of the Strategic Alliance Agreement dated December 5, 2008 between the Company and Hochschild Mining Holdings Ltd. (“Hochschild”).  The Company has returned over $85 million to shareholders in monthly dividends since declaring commercial production July 1, 2010, and offers shareholders the option to convert their cash dividends into physical gold and silver and take delivery.

Under the terms of the Strategic Alliance Agreement, if Hochschild sells or otherwise disposes of 20% or more of its pro rata ownership interest in the Company, the director nominated by Hochschild shall automatically resign and the contractual right of Hochschild to nominate an individual to serve on the Company’s board of directors is terminated.  The recent sale by Hochschild of approximately 3.4 million shares of the Company’s common stock reduced its pro rata interest in the Company by more than 20% and triggered the termination provision.  Mr. Muffly has served on the Board of Directors since the Company’s annual meeting of shareholders held in June.  Mr. Muffly is not resigning on account of any disagreement with the Company on any matter relating to its operations, policies or practices.

“We appreciate Mr. Muffly’s participation on the board,” stated Gold Resource Corporation’s President, Mr. Jason Reid.  “On behalf of the Company, I would like to thank Mr. Muffly and wish him well in his future endeavors.”