William Reid

Gold Resource Corporation (NYSE MKT: GORO) (the "Company") announced today that Mr. William (Bill) Reid, Chairman of the Company's Board of Directors, will retire his post effective December 31, 2013. The Company's Vice Chairman, Mr. Bill Conrad, was unanimously selected by the Board of Directors to succeed Bill Reid as Chairman of the Board. Gold Resource Corporation is a gold and silver producer with operations in the southern state of Oaxaca, Mexico. The Company has returned over $92 million to shareholders in monthly dividends since declaring production July 1, 2010, and offers shareholders the option to convert their cash dividends into physical gold and silver and take delivery. Mr. Reid, along with his brother David Reid, the Company's former VP of Exploration who retired earlier this year, worked tirelessly to create and build Gold Resource Corporation from a start-up junior explorer into the gold and silver producer it has become today.