FOR IMMEDIATE RELEASE NEWS APRIL 11, 2007 OTCBB:GORO

GOLD RESOURCE CORPORATION ANNOUNCES POSITIVE PRODUCTION DECISION AT ITS EL AGUILA PROJECT IN OAXACA, MEXICO

TARGETING PRODUCTION MID-2008

DRILLING DISCOVERS NEW VEIN MINERALIZATION AND POSSIBLE SECOND OPEN PIT

DENVER – April 11, 2007 - Gold Resource Corporation (GRC) (OTCBB: GORO) is pleased to announce that its Board of Directors has approved moving forward to place the Company’s high-grade gold and silver El Aguila Project into production, subject to funding. The El Aguila Project is located in the southern state of Oaxaca, Mexico. Production is targeted for mid-2008 subject to timely obtaining all required permits and regulatory approvals, necessary funding and equipment delivery schedules.

Mr. William W. Reid, president of Gold Resource Corporation, stated, “We are confident in the El Aguila property becoming an exceptional performing mining project. As we have stated in the past, GRC makes its decisions based on anticipated financial performance. We are focused on quality ounces, which at El Aguila indicate a capital payback of approximately 6 months, and therefore we feel comfortable with moving forward based on an initial three year life. First year production is targeted at 70,000 ounces of gold which would come solely from open pit mineralization. The second and third years are targeted at 90,000 and 100,000 ounces respectively (or gold equivalent depending on silver values) as high-grade underground vein mineralization is blended into the mill feed.” These estimates are an internal expansion of the Scoping Study completed in 2004 by the engineering firm Lyntek, Inc. of Denver, Colorado.

Mr. Reid continued, “We fully expect to be operating this project beyond this initial three years but by achieving production at the earliest possible point and continuing to grow and build longevity through expenditures funded by cash flow, we keep shareholder dilution to a minimum while quickly building shareholder value. With cash costs to produce an ounce of gold estimated at approximately $100, the potential exists for significant margin on each ounce produced. Careful consideration of this balance allows GRC to make the early transition to an emerging producer.”

“Drill results have been slower than anticipated since the beginning of the year due to the drill contractor having to replace one of his two drills on the property so the net effect, for about 2 months, was having only one drill. We are now back to two drills operating,” stated Mr. Reid.

The drilling at the El Aguila Project this year has encountered:

1. Continuing high-grade intercepts at our El Aguila open pit:

 Hole 7001 (90 deg, at 3 meters) 3 meters of 3.12 g/t gold and 15 g/t silver (or a gold equivalent value of 0.11 oz/tonne)

and (90 deg, at 31 meters) 3 meters of 9.59 g/t gold and 117 g/t silver (or a gold equivalent value of 0.39 oz/tonne)

and (90 deg, at 37 meters) 1 meter of 3.93 g/t gold and 28 g/t silver (or a gold equivalent value of 0.15 oz/tonne)  Hole 7002 (57 deg, at 10 meters) 6 meters of 9.80 g/t gold and 23 g/t silver (or a gold equivalent value of 0.33 oz/tonne)

including (57 deg, at 15 meters) 1 meter of 45.40 g/t gold and 55 g/t silver (or a gold equivalent value of 1.50 oz/tonne)

“To again intercept greater than one ounce gold per tonne material in this potential shallow open pit illustrates the high-grade potential at El Aguila. We now have over 50 drill holes in this first potential open pit with excellent mineralization which are listed below,” said Mr. Reid.

Gold Resource Corporation El Aguila Project Drill Highlights

Year Hole Hole Dip Interval Gold Silver Gold Equivalent Drilled Number (-) Degrees Start Length grams / tonne oz / tonne (meters) (46 Ag : 1 Au)

El Aguila Manto Open Pit Area 1999 901 90 0 14 4.96 39 0.19 1999 901 90 54 2 2.29 133 0.17 1999 901 90 64 4 0.84 126 0.12 1999 904 90 0 2 3.38 14 0.12 1999 909 90 14 4 3.96 34 0.15 2003 301 60 40 16 6.56 23 0.23 2003 302 90 30 10 10.78 82 0.40 2003 303 60 22 6 18.79 133 0.70 2003 306 60 4 4 14.58 74 0.52 2003 306 60 24 6 8.99 76 0.34 2003 307 60 18 2 5.91 145 0.29 2003 307 60 26 2 3.69 70 0.17 2003 309 60 56 2 3.79 45 0.15 2003 311 60 16 2 4.53 25 0.16 2003 314 60 6 2 6.89 69 0.27 2003 326 70 0 6 2.83 95 0.16 2003 327 65 6 12 2.65 112 0.16 2003 327A 45 12 10 3.42 74 0.16 2003 330 60 6 6 8.46 111 0.35 2003 331 60 50 4 54.71 700 2.25 2003 332 60 16 8 6.07 18 0.21 2003 333 70 2 12 8.73 64 0.33 2003 334 60 6 6 9.40 25 0.32 2003 336 60 50 2 1.74 202 0.20 2003 338 90 20 2 5.79 48 0.22 2003 338 90 24 6 3.99 85 0.19 2003 341 90 46 2 0.77 287 0.23 2003 343 60 40 2 1.72 111 0.13 2003 343 60 68 8 10.85 62 0.39 2003 344 60 58 2 0.14 199 0.14 2003 348 60 54 2 0.05 248 0.17 2003 349 90 34 6 3.54 78 0.17 2003 350 90 40 4 1.61 157 0.16 2003 353 60 38 4 1.33 158 0.15 2003 354 60 34 4 7.50 68 0.29 2003 363 90 4 6.5 11.85 104 0.45 2003 365 60 0 4 5.73 10 0.19 2003 366 60 0 4 3.74 100 0.19 2005 509 33 20 6 10.38 336 0.57 2005 509 33 30 2 4.02 61 0.17 2005 510 50 8 2 0.13 329 0.23 2005 511 60 40 12 10.18 20 0.34 2005 512 60 34.6 12 4.67 74 0.20 2005 523 65 1.5 1 7.70 918 0.89 2005 523 65 6.4 8.1 1.39 146 0.15 2006 601 90 34 1 2.99 74 0.15 2006 603 60 45 6 3.65 232 0.28 2006 604 60 29 2 5.49 180 0.30 2006 605 90 40.6 1 1.00 196 0.17 2006 606 90 21 6 6.67 54 0.25 2006 606 90 30 6 7.25 92 0.30 2006 607 90 41 1 13.75 97 0.51 2006 608 90 47 1 6.09 51 0.23 2006 610 60 63 1 5.69 41 0.21 2006 610 60 66 1 2.97 38 0.12 2006 611 80 47 4 3.90 78 0.18 2006 612 60 69 2 3.55 46 0.15 2006 612 60 78 1 0.04 354 0.25 2007 7001 90 3 3 3.12 15 0.11 2007 7001 90 31 3 9.59 117 0.39 2007 7001 90 37 1 3.93 30 0.15 2007 7002 57 6 1 4.43 24 0.16 2007 7002 57 10 6 9.80 23 0.33

2. Discovery of new high-grade vein mineralization at El Aire. “This is particularly exciting because this new vein system adds significant credits of zinc and lead mineralization. Whether this new intermediate sulfidation system, in addition to our low sulfidation system, is the expression of two different stages of mineralization or a zonation of a single stage is not known at this time but either way it speaks to the potential size and robust nature of this mineralizing system. In addition, this vein’s structural direction could represent a N40W tension system complementary to what we believe is our main feeder, the N70W shear zone.” Reid said. Highlights of this El Aire vein mineralization are:

 Hole 7014 (45 deg, at 57 meter) 1 meter of 1.45 g/t gold and 356 g/t silver, 2.32% Lead, 4.14% Zinc (or a gold equivalent value of 0.58 oz/tonne)

and (45 deg, at 60 meters) 1 meter of 4.79 g/t gold and 745 g/t silver, 1.55% Lead, 3.48% Zinc (or a gold equivalent value of 0.90 oz/tonne)  Hole 7018 (60 deg, at 68 meters) 1 meter of 6.28 g/t gold and 344 g/t silver, 1.36% Lead, 2.77% Zinc (or a gold equivalent value of 0.62 oz/tonne)

3. Early indications of a possible second manto of shallow high-grade open pitable mineralization at El Arie. Each of these two pits, the first one at El Aguila and this second one at El Aire, are two kilometers apart along our N70W fault corridor, which we believe is the main feeder system for this mineralization. There are multiple manto targets still to be drilled.

4. A significant new vein system, called the Andesite Hill target, exhibits strong pathfinder minerals typical of an upper level epithermal vein system. This strong vein system, located approximately midway between El Aguila and El Aire, also appears to be a N40W tension system off our main N70W fault structure that we believe is the main feeder zone. These pathfinder minerals are indicative of the upper levels of an epithermal vein system so we are now targeting this system at depth.

Drilling was also completed to test the mill and tailings site areas to make sure these areas were free of any mineralization in preparation for mill construction.

Mr. Reid continued, “We are comfortable our drilling indicates mineralized material of approximately 773,000 tonnes grading, on average, approximately 11.7 grams/tonne gold equivalent*, with a cutoff grade of 3 grams gold /tonne, giving us our minimum three year life. Even though we could report more ounces if we lowered the cutoff grade, GRC’s focus remains on ounces that provide an opportunity for exceptional returns.” These estimates are an internal expansion of the Scoping Study completed in 2004 by the engineering firm Lyntek, Inc. Mr. Reid cautioned that these numbers are internal estimates of GRC and would not qualify for reserve status under SEC regulations and that additional work needs to be done and is ongoing. Over the next few months GRC will engage third-party engineers to arrive at an independent analysis which will also incorporate additional results from continued drilling.

Mr. Reid stated that the mill to be constructed will be an 850 tonne per day, standard technology, Merrill Crowe plant, and is currently being designed by the engineering firm Lyntek, Inc. of Denver, Colorado. The estimated capital cost to build the project is $20 million. “Over the next several months we will be evaluating various funding scenarios but we are pleased with the interest expressed already from various sources,” said Reid. GRC will also be looking at incorporating a flotation section, probably added during the first year of operation and to be paid for out of cash flow that will give greater flexibility to respond to various ore types that may exist on GRC’s four properties.

“As with any mining project, we have many hurdles to cross before El Aguila becomes a producer but we are aggressively moving forward on all fronts to achieve this end. We are looking at purchasing one of the longer lead time items, the ball mill, and we are preparing to build a new 4 KM mine road, subject to approvals and rights-of-way,” stated Mr. Reid.

Gold Resource Corporation’s ongoing drilling program will continue to explore the numerous targets at El Aguila. “ We have not yet drilled one of our best targets, the 2 kilometer long N70W fault zone, which we feel is the main feeder for all the mineralization we have already drilled,” said Mr. Reid. He stated that they will also begin to explore the company’s other three high-grade properties, Las Margaritas, El Rey and Solaga, which are all within trucking distance to the El Aguila mill, as a way to achieve meaningful long-term growth.

* (gold at $650/oz, silver at $14/oz, zinc at $1.50/lb, lead at $0.90/lb) About Gold Resource Corporation Gold Resource Corporation is a mining company focused on production and pursuing development of gold and silver projects that feature low operating costs and produce high returns on capital. The Company owns 100% interest in four potential high-grade gold and silver properties in Mexico’s southern state of Oaxaca. For more information, please visit GRC’s website, located at www.Goldresourcecorp.com and read the Company’s 10- KSB 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 "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 GRC’s strategy, future production, future expenses and future liquidity and capital resources. All forward-looking statements in this press release are based upon information available to GRC on the date of this press release, and the company assumes no obligation to update any such forward-looking statements. The Company's actual results could differ materially from those discussed in this press release. Factors that could cause or contribute to such differences include, but are not limited to, those discussed in the company’s 10-KSB and its Form SB-2 filings with the Securities and Exchange Commission.

Contacts: Jason Reid, Corp. Development Andrew J. Barwicki Gold Resource Corporation Investor Relations 303-320-7708 516-662-9461