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Gold Resource Corporation Announces CFO and Board Transitional Planning

Colorado Springs, CO – (NewMediaWire) – August 06, 2020 – Gold Resource Corporation (NYSE American:
GORO) (the “Company”) today announced the appointment of Ms.
Kimberly Perry to succeed John Labate as Chief Financial Officer, who is
retiring from the Company.  Ms. Perry, a current member on the Board of
Directors, will move into the CFO position and step down from her board seat
effective August 14, 2020.  Gold Resource Corporation is a gold and silver
producer, developer and explorer with operations in Oaxaca, Mexico and Nevada,
USA.  The Company has returned consecutive monthly dividends since July
2010 and offers its shareholders the option to convert their cash dividends
into physical gold and silver and take delivery. 

Ms. Perry has served
as a member of the Company’s Board of Directors since April 11, 2019.  She
is an accomplished mining professional with 16 years of industry experience.
 She has held senior executive positions including most recently at Alacer
Gold Corporation as Treasurer & Vice President, and prior to that as Chief
Compliance Officer & Director, Internal Audit (2012 to 2019).  Prior
to her tenure at Alacer Gold, Ms. Perry held increasingly senior positions at
Newmont Mining Corporation including Director Finance Solutions, Compliance
Audit Executive, and North America Internal Audit Manager (2005 to 2012). 
Ms. Perry graduated from Auburn University with a Bachelor of Science in
Business Administration and is a Certified Public Accountant.  Ms. Perry
will maintain management of the Company’s Safety & Sustainability
Committee.  The Company plans to appoint a new independent board member in
the near future to continue satisfying its exchange listing
requirements.  

After a successful
35-year career in the mining industry, Mr. Labate has made the decision to
retire.  Mr. Labate joined the Company as CFO in 2015 and has been
instrumental in strengthening the Company’s financial strategy and
structure.  Mr. Labate has agreed to act as a consultant to the Company to
ensure a smooth transition.     

“It has truly been a
pleasure working with John these past five years,” stated Gold Resource
Corporation’s CEO and President, Mr. Jason Reid.  “His professionalism,
excellent work product and positive impact to the Company and its financial
team will continue to have a constructive presence even after his
departure.  On behalf of the Board of Directors and team here at Gold
Resource Corporation, we thank you and wish you a happy and content
retirement.” 

“I would like to
welcome Ms. Perry to her upcoming post as CFO and welcome her to the management
team of Gold Resource Corporation,” continued Mr. Reid.  “Knowing her extensive
experience and excellent reviews of our financial reports while serving on the
Board, as well as her ESG focus, I am confident she will succeed and bring
value as the Company’s CFO.  Welcome aboard.” 

“It has been a
privilege to conclude my work career alongside the talented and dedicated Gold
Resource Corporation team,” said Mr. Labate. “I am proud of the
progress we have made and the team we have built, and I am committed to
ensuring a smooth transition.” 

About GRC: 

Gold Resource
Corporation is a gold and silver producer, developer and explorer with
operations in Oaxaca, Mexico and Nevada, USA. The Company targets low capital
expenditure projects with potential for generating high returns on capital. The
Company has reached milestones including a decade of production, generated over
$1 billion in revenue and has returned $114 million back to its shareholders in
consecutive monthly dividends since July 2010. In addition, the Company also
offers its 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.

Cautionary Statements:

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, the scope, duration,
and impact of the COVID-19 pandemic on mining operations, Company employees,
and supply chains as well as the scope, duration and impact of government
action aimed at mitigating the pandemic may cause the actual results and future
events to differ materially from those expressed or implied by such
forward-looking information.  Also, 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.

Contacts:

Corporate Development

Greg Patterson

303-320-7708

www.goldresourcecorp.com

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