 COLORADO SPRINGS, Dec. 17, 2020 GLOBE NEWSWIRE -- via NewMediaWire -- Gold Resource Corporation NYSE American: GORO the Company and Gold Resource announced today that its Board of Directors has approved the spin-off of Fortitude Gold Corporation Fortitude Gold and declared a pro rata distribution of 100 of the outstanding common stock of Fortitude Gold to shareholders of Gold Resource Corporation. The Board of Directors has established the record date as the close of business on December 28, 2020 the Record Date, and the distribution date as the close of business December 31, 2020 the Distribution Date. As a result of the distribution, Gold Resource shareholders of record will receive one 1 share of Fortitude Gold for every 3.5 shares of Gold Resource Corporation common stock they hold. The ex-date is expected to be December 24, 2020, one business day prior to the record date. Fractional shares of common stock will be distributed in connection with the Spin-Off except for shareholders who hold stock in street name at Depository Trust Company who will receive cash-in-lieu, as Depository Trust Company does not accept fractional shares. Gold Resource shareholders will continue to own their shares of Gold Resources common stock. 