Profile: Gold Resource Corporation (GORO.OB)

Gold Resource Corporation (Gold Resource) is engaged in the exploration of gold and silver properties, primarily in Mexico. The Company has an interest in four properties, the El Aguila property, the Las Margaritas property, the El Rey property and the Solaga property. Gold Resource leases claims comprising the El Aguila property and the Las Margaritas property from an individual who serves as its consultant in Mexico and the Solaga property from an entity partially owned by its consultant in Mexico. The Company owns mining concessions for the El Rey property. All of these properties are in the exploration stage and have no probable reserves.

The El Aguila Project

The El Aguila Project is located in the Sierra Madre del Sur of southern Mexico, in the central part of the State of Oaxaca. The Company leased three mining concessions, El Aguila, El Aire and La Tehuana, totaling 1,896 hectares, from Jose Perez Reynoso, a consultant to its company. The lease agreement is subject to a 4% net smelter return royalty where production is sold in the form of gold/silver dore and 5% for production sold in concentrate form. The El Aguila and El Aire concessions make up the El Aguila Project and the La Tehuana concession makes up the Las Margaritas property.

Gold Resource has filed for and received additional concessions for the El Aguila Project that total an additional 8,492 hectares. These additional concessions are not part of the concessions leased from the Company's consultant, and bring its interest in the El Aguila Project to an aggregate of 9,463 hectares. The mineral concessions making up the El Aguila Project are located within the San Pedro Totolapam Ejido.

The El Rey Property

The El Rey property is an exploration stage property with no known reserves. It is approximately 64.4 kilometers (40 miles) from the El Aguila Project. There is no plant or equipment on the El Rey property. The Company had acquired claims in another area in the state of Oaxaca. These concessions total 892 hectares. As of December 31, 2008, the Company had conducted minimal exploration and drilling on this property. Limited drilling at El Rey has encountered gold and silver mineralization up to one meter of 132.5 gram/ton gold (4.25 ounces/ton) and 1.5 meters of 958 gram/ton silver. The Company has drilled 12 holes for a total of 1,302 meters (4,271 feet) at the El Rey property.

The Las Margaritas Property

The Las Margaritas property is made up of the La Tehuana concession. It comprises approximately 925 hectares located adjacent to the El Aguila property. As of December 31, 2008, the Company had conducted limited surface sampling, but no other exploration activities at the property.

The Solaga Property

The Company leased a 100% interest in a property known as the Solaga property, which totals 618 hectares, and is located approximately 120 kilometers (75 miles) from the El Aguila project. A dormant silver mine is located on the Solaga property. As of December 31, 2008, Gold Resource had not conducted any exploration activities at the property.