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Gold Resource Corporation Declares October Monthly Dividend

Colorado Springs, CO – (NewMediaWire) – October 27, 2020 – Gold
Resource Corporation (NYSE American: GORO) (the “Company”) declares its monthly
instituted dividend of one-third of a cent per common share for October 2020
payable on November 23, 2020 to shareholders of record as of November 11,
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 $115 million to its shareholders in 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.  For more
information on Gold Resource Corporation’s physical dividend program, visit the
Company website at 
http://www.goldresourcecorp.com/gold-silver-dividends.php.   

Dividends
may vary in amount and consistency or be discontinued at the Board of
Directors’ discretion depending on variables including but not limited to
operational cash flows, Company development requirements and strategies,
construction, spot gold and silver prices, taxation, general market conditions
and other factors described in the Cautionary Statements below and the
Company’s public filings with the U.S. Securities and Exchange Commission.

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 $115 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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