Oaxaca Mining Unit

El Fuego El Chamizo El Rey El Aguila Las Margaritas Alta Gracia

Gold Resource Corporation has consolidated six properties in the state of Oaxaca, Mexico, and has selected these properties based on their potential to meet the Company's objectives of low operating costs and potential for high returns-on-capital. GRC currently controls over 684 square kilometers, including 55 kilometers of a geologically important structural fault corridor running North 70 West. GRC has 100% interest in all of its properties.

The Company's flagship project is the El Aguila Project, where the Arista underground polymetallic deposit is currently in production. The Arista deposit produces gold and silver, as well as the base metals copper, lead and zinc. The Company's additional five exploration properties are within trucking distance of the El Aguila Project's processing facilities, potentially reducing the capital required to put any future deposit discoveries into production.