With Proxy Materials Officially Being Mailed, the Board Urges Shareholders to Vote "FOR" the Milestone Deal That Will Combine Core Assets and Drive Long-Term Shareholder Value

Gold Resource Corporation (NYSE:GORO) (the "Company," "we," "our," or "GRC") today announced updates regarding our upcoming Special Meeting of Shareholders (the "Special Meeting") scheduled for July 2, 2026. The definitive proxy statement has been filed with the Securities and Exchange Commission (the "SEC"), and mailing has been completed to shareholders of record as of May 26, 2026.

The Goldgroup Merger: Unlocking Shareholder Value

Following the finalization of the definitive transaction documentation, the Company is moving into the final approval phase of its strategic combination. Under the terms of the Arrangement Agreement and Plan of Merger dated January 25, 2026, as amended on May 15, 2026, the Company will combine with Goldgroup Mining Inc. (TSXV:GGA, OTC:GGAZF) ("Goldgroup") via a reverse triangular merger with Goldgroup Merger Sub, Inc., a wholly owned subsidiary of Goldgroup (the "Merger").

Management believes that the proposed Merger represents a net benefit for the Company's shareholders:

  • Direct Share Exchange: GRC stockholders will receive 1.4476 common shares of Goldgroup for each share of GRC common stock they own (subject to adjustment for a share consolidation to be completed by Goldgroup at a ratio to be determined jointly by Goldgroup and the Company, and approved by the TSX Venture Exchange, prior to closing of the Merger).
  • Enhanced Operational Scale: The proposed Merger creates a consolidated precious metals company with stronger asset utilization, expanded exploration potential, and a unified platform built to navigate dynamic mining markets.
  • Continued Upside Exposure: Shareholders will retain significant ongoing equity ownership in the combined enterprise, allowing them to benefit directly from future growth, anticipated cost synergies, and broader market visibility.