Gold Resource Corporation Announces Organizational Changes to Further Reduce Back Forty Project Risks

DENVER–(BUSINESS WIRE)–Gold Resource Corporation (NYSE American: GORO) (the “Company”, “We”, “Our” or “CRG”) today announced the addition of Patrick Frenette and Steve Donohue to the Company’s management team.

Allen Palmiere, President and CEO, said, “Advancing the Back Forty project in Michigan is a key priority for the company. Key measures of success for the year will be to provide an environmentally friendly design in the Optimized Feasibility Study and to reflect this design in permit applications. With the addition of Patrick and Steve to the management team, I am convinced that we have considerably increased the chances of success of the project. »

Patrick Frenette is a mining engineer with over 18 years of experience in underground and surface mining. Mr. Frenette holds a master’s degree in rock mechanics and an MBA. During his career, Patrick has held the positions of Rock Mechanics Engineer, Senior Planning Engineer, Senior Project Engineer and Project Superintendent. As a consultant, he has contributed as a qualified person to numerous studies, both at the preliminary economic assessment stage and at the feasibility study stage. Most recently, Patrick was Director of Operational Support for Osisko Development and has been involved in the Back Forty project since March 2021.

Steve Donohue is a licensed professional hydrologist with over 30 years of experience delivering complex metal mining projects. Mr. Donohue has led project teams on large scale projects incorporating feasibility studies, environmental permits, mine closure, compliance and environmental impact analyses. He has developed mine development, regulatory and permitting strategies that integrate the technical, legal and public interest needs of the project. Mr. Donohue’s expertise in his profession has been recognized by his appointment to the Board of Directors of the American Mining & Exploration Association and the Wisconsin Examining Board of Professional Geologists, Hydrologists, and Soil Scientists. The seconded position means that Steve remains a member of Foth and, for an agreed period of time, will devote the majority of his efforts to the company’s Back Forty project.

About RCMP:

Gold Resource Corporation is a gold and silver producer, developer and explorer with operations centered on the Don David Gold Mine in Oaxaca, Mexico. Led by an experienced Board of Directors and management team, the company’s goal is to unlock the significant growth potential of its existing infrastructure and extensive land surrounding the mine in Oaxaca, Mexico. , and to develop the Back Forty project in Michigan, USA. For more information, please visit the GRC website, located at www.goldresourcecorp.com and read the company’s Form 10-K to understand the risk factors associated with its business.

Aubrey L. Morgan