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Granite Ridge Resources, Inc. Announces Pricing of Secondary Public Offering of Common Stock

DALLAS–(BUSINESS WIRE)–Granite Ridge Resources, Inc. (“Granite Ridge” or the “Company”) (NYSE: GRNT), a scaled, non-operated oil & gas exploration and production company, today announced the pricing of the previously announced underwritten registered secondary offering by certain funds managed by Grey Rock Energy Management, LLC (the “Selling Shareholders”) of 7,100,000 shares of its common stock, par value $0.0001 per share (the “common stock”), at a price to the public of $5.00 per share. The offering is expected to close on September 15, 2023, subject to the satisfaction of customary closing conditions. The underwriters will have a 30-day option to purchase up to an additional 1,065,000 shares of common stock from the Selling Shareholders. Granite Ridge will not sell any common stock in the offering and will not receive any proceeds from the sale of its common stock by the Selling Shareholders in the offering.

BofA Securities, Evercore ISI, Capital One Securities and Stephens Inc. are acting as joint book-running managers for the offering. Texas Capital Securities is acting as co-manager for the offering.

The offering is being made only by means of an effective registration statement, a prospectus supplement and an accompanying prospectus. Granite Ridge has filed a registration statement (including a base prospectus) on Form S-1 and a preliminary prospectus supplement with the U.S. Securities and Exchange Commission (the “SEC”), for the offering to which this communication relates. A final prospectus supplement relating to the offering will be filed with the SEC. The registration statement became effective on April 3, 2023. Before you invest, you should read the prospectus in that registration statement, the prospectus supplement and other documents Granite Ridge has filed with the SEC for more complete information about Granite Ridge and this offering. You may get these documents for free by visiting EDGAR on the SEC website at www.sec.gov. Alternatively, a copy of the prospectus supplement relating to the offering may be obtained by contacting: BofA Securities, Attention: Prospectus Department, NC1-022-02-25, 201 North Tryon Street, Charlotte, NC 28255-0001, email: [email protected]; Evercore Group L.L.C., Attention: Equity Capital Markets, 55 East 52nd Street, 35th Floor, New York, NY 10055, by telephone at 888-474-0200 or by email at [email protected]; Capital One Securities, Inc., Attention: ECM Syndicate Operations, 201 St. Charles Avenue, Suite 1830, New Orleans, LA 70170, by telephone at 800-666-9174 or by email at [email protected]; or Stephens Inc., Attention: Prospectus Department, 111 Center Street, Little Rock, AR 72201, by telephone at 800-643-9691 or by email at [email protected].

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities law of any such state or jurisdiction.

About Granite RidgeResources, Inc.

Granite Ridge Resources, Inc. (NYSE: GRNT) is a scaled, non-operated oil & gas exploration and production company. We own a portfolio of wells and top-tier acreage across the Permian and four other prolific unconventional basins across the United States. Rather than drill wells ourselves, we increase asset diversity and decrease overhead by investing in a smaller piece of a larger number of high-graded wells drilled by proven public and private operators. We create value by generating sustainable full-cycle risk adjusted returns for investors, offering a rewarding experience for Granite Ridge’s team, and delivering reliable energy solutions to all – safely and responsibly.

Forward-Looking Statements

This press release contains forward-looking statements regarding future events and future results that are subject to the safe harbors created under the Securities Act of 1933, as amended (the “Securities Act”) and the Securities Exchange Act of 1934, as amended (the “Exchange Act”). All statements other than statements of historical facts included in this release are forward-looking statements. When used in this release, forward-looking statements are generally accompanied by terms or phrases such as “estimate,” “project,” “predict,” “believe,” “expect,” “continue,” “anticipate,” “target,” “could,” “plan,” “intend,” “seek,” “goal,” “will,” “should,” “may” or other words and similar expressions that convey the uncertainty of future events or outcomes. Items contemplating or making assumptions about actual or potential future production and sales, market size, collaborations, and trends or operating results also constitute such forward-looking statements.

Forward-looking statements involve inherent risks and uncertainties, and important factors (many of which are beyond Granite Ridge’s control) that could cause actual results to differ materially from those set forth in the forward-looking statements, including the following: changes in Granite Ridge’s strategy, future operations, financial position, estimated revenues and losses, projected costs, prospects and plans, changes in current or future commodity prices and interest rates, supply chain disruptions, infrastructure constraints and related factors affecting our properties, ability to acquire additional development opportunities or make acquisitions, changes in reserves estimates or the value thereof, operational risks including, but not limited to, the pace of drilling and completions activity on our properties, changes in the markets in which Granite Ridge competes, geopolitical risk and changes in applicable laws, legislation, or regulations, including those relating to environmental matters, cyber-related risks, the fact that reserve estimates depend on many assumptions that may turn out to be inaccurate and that any material inaccuracies in reserve estimates or underlying assumptions will materially affect the quantities and present value of the Granite Ridge’s reserves, the outcome of any known and unknown litigation and regulatory proceedings, legal and contractual limitations on the payment of dividends, limited liquidity and trading of Granite Ridge’s securities, acts of war or terrorism and market conditions and global, regulatory, technical, and economic factors beyond Granite Ridge’s control, including the potential adverse effects of the COVID‑19 pandemic, or another major disease, affecting capital markets, general economic conditions, global supply chains and Granite Ridge’s business and operations, and increasing regulatory and investor emphasis on environmental, social and governance matters.

Granite Ridge has based these forward-looking statements on its current expectations and assumptions about future events. While management considers these expectations and assumptions to be reasonable, they are inherently subject to significant business, economic, competitive, regulatory and other risks, contingencies and uncertainties, most of which are difficult to predict and many of which are beyond Granite Ridge’s control. Granite Ridge does not undertake any duty to update or revise any forward-looking statements, except as may be required by the federal securities laws.

Disclaimer

This communication is for informational purposes only and is neither an offer to purchase, nor a solicitation of an offer to sell, subscribe for or buy, any securities, nor shall there be any sale, issuance or transfer or securities in any jurisdiction in contravention of applicable law. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act.

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Media

[email protected]

(214) 396-2850

KEYWORDS: Texas United States North America

INDUSTRY KEYWORDS: Oil/Gas Energy

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Horace Mann Educators Corporation prices offering of Senior Notes

SPRINGFIELD, Ill.–(BUSINESS WIRE)–
Horace Mann Educators Corporation (NYSE: HMN) today announced the pricing of its offering of $300,000,000 aggregate principal amount of 7.250% Senior Notes due 2028. The transaction is expected to close on September 15, 2023, subject to the satisfaction of various customary closing conditions.

The Company intends to use the net proceeds from the issuance of the Notes to repay borrowings under its floating rate revolving credit agreement. Any remaining proceeds will be used for general corporate purposes.

The Notes will be issued pursuant to the Company’s effective shelf registration statement on Form S-3 (File No. 333-254084). The Company’s filings with the SEC can be viewed at no charge at the SEC’s website at www.sec.gov.

J.P. Morgan Securities LLC and PNC Capital Markets LLC acted as joint book-running managers.

This news release shall not constitute an offer to sell or a solicitation of an offer to purchase the Notes or any other securities, and shall not constitute an offer, solicitation or sale in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful.

About Horace Mann

Horace Mann Educators Corporation is the largest financial services company focused on helping America’s educators and others who serve the community achieve lifelong financial success. The company offers individual and group insurance and financial solutions tailored to the needs of the educator community. Founded by Educators for Educators^® in 1945, the company is headquartered in Springfield, Illinois.

Safe Harbor Statement

Certain statements included in this news release, that are not historical in nature, constitute forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements are made based on management’s current expectations and beliefs concerning future developments and their potential effects upon Horace Mann and its subsidiaries. Horace Mann cautions investors that such statements are subject to risks and uncertainties, many of which are difficult to predict and generally beyond Horace Mann’s control, that could cause actual results to differ materially from those expressed in, or implied or projected by, the forward-looking statements included in this document. Certain important factors that could cause actual results to differ, possibly materially, from expectations or estimates reflected in such forward-looking statements can be found in the “Risk Factors” and “Forward-Looking Information” sections included in Horace Mann’s Annual Reports on Form 10-K and Quarterly Reports on Form 10-Q filed with the Securities and Exchange Commission (SEC). The forward-looking statements herein are subject to the risk, among others, that we will be unable to execute our strategy because of market or competitive conditions or other factors. Horace Mann does not undertake to update any particular forward-looking statement included in this document if we later become aware that such statement is not likely to be achieved.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230912615110/en/

Heather J. Wietzel

Vice President, Investor Relations and Enterprise Communications

217.788.5144

[email protected]

KEYWORDS: Illinois United States North America

INDUSTRY KEYWORDS: Professional Services Education Insurance Finance Other Education Personal Finance

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Intuit Announces Pricing of Senior Notes Offering

MOUNTAIN VIEW, Calif.–(BUSINESS WIRE)–
Intuit Inc. (Nasdaq: INTU), the global financial technology platform that makes TurboTax, Credit Karma, QuickBooks, and Mailchimp, announced today that it has priced its offering of $4.0 billion aggregate principal amount of senior notes, consisting of $750.0 million aggregate principal amount of 5.250% notes due 2026, $750.0 million aggregate principal amount of 5.125% notes due 2028, $1.25 billion aggregate principal amount of 5.200% notes due 2033 and $1.25 billion aggregate principal amount of 5.500% notes due 2053. The offering is expected to close September 15, 2023, subject to the satisfaction of customary closing conditions.

Intuit intends to use the net proceeds from this offering to repay amounts outstanding under the unsecured term loan under our unsecured credit facility.

BofA Securities, J.P. Morgan and Morgan Stanley are acting as joint book-running managers of the offering.

This offering is being made under an automatic effective shelf registration statement on Form S-3 filed by Intuit with the Securities and Exchange Commission (the “SEC”) and only by means of a prospectus supplement and accompanying prospectus. Before you invest, you should read the prospectus supplement and accompanying prospectus, as well as other documents Intuit has filed or will file with the SEC for more complete information about Intuit and this offering. These documents may be obtained for free on the SEC online database (EDGAR) at the SEC website at www.sec.gov. Alternatively, copies of the preliminary prospectus supplement and accompanying prospectus, and, when available, the final prospectus supplement for the offering may be obtained by contacting: BofA Securities, Inc., NC1-022-02-25, 201 North Tryon Street, Charlotte, NC 28255-0001, Attention: Prospectus Department, by e-mail: [email protected], J.P. Morgan Securities LLC, 383 Madison Avenue, New York, New York 10179, Attention: Investment Grade Syndicate Desk, by phone: (212) 834-4533, or Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, New York 10014, by phone: (866) 718-1649.

This press release shall not constitute an offer to sell, or the solicitation of an offer to buy, nor shall there be any sale of the notes in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

About Intuit

Intuit is the global financial technology platform that powers prosperity for the people and communities we serve. With 100 million customers worldwide using TurboTax, Credit Karma, QuickBooks, and Mailchimp, we believe that everyone should have the opportunity to prosper. We never stop working to find new, innovative ways to make that possible.

Forward-looking Statements

This press release contains “forward-looking” statements within the meaning of applicable securities laws, including statements related to the anticipated terms of the offering, the anticipated closing of the offering, the expected use of proceeds of the offering and other statements that are not historical fact. These forward-looking statements can be identified by words such as “may,” “will,” “would,” “should,” “could,” “expect,” “anticipate,” “believe,” “estimate,” “intend,” “strategy,” “future,” “opportunity,” “plan,” “project,” “forecast” and other similar expressions. Forward-looking statements are based upon various estimates and assumptions, as well as information known to Intuit as of the date of this press release, and are inherently subject to numerous risks and uncertainties. Accordingly, actual results could differ materially from those predicted or implied by forward-looking statements. For the reasons discussed above, you should not place undue reliance on the forward-looking statements in this press release. Intuit assumes no obligation to update such forward-looking statements, except as required by law.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230912929713/en/

Investors

Kim Watkins

Intuit Inc.

650-944-3324

[email protected]

Media

Kali Fry

Intuit Inc.

650-944-3036

[email protected]

KEYWORDS: California United States North America

INDUSTRY KEYWORDS: Personal Finance Apps/Applications Technology Finance Fintech Accounting Professional Services Software Internet Data Analytics

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Gold Resource Corporation Reports Continued Positive Drill Results at Don David Gold Mine

DENVER–(BUSINESS WIRE)–Gold Resource Corporation (NYSE American: GORO) (the “Company”, “we”, “our” or “GRC”) is pleased to provide an update on its ongoing 5 drill, 2023 expansion and infill diamond drill programs at the Don David Gold Mine (“DDGM”) which continues to return positive results that indicate the potential for easily accessed resources in three different areas of the underground mine: 1) the step-out drilling north-west of the Arista deposit and 2) the infill drilling in the central-north Switchback deposit, and 3) the definition drilling of new resources in the recently discovered Three Sisters and Gloria vein systems that is situated between Arista and Switchback.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230912182348/en/

“We are more encouraged each quarter, with this year’s drilling campaign at DDGM that continues to yield positive results and supports our long-term exploration investment strategy to increase the mine life by identifying resources that have the potential to be converted into reserves for our near- and mid-term mine plan,” stated Allen Palmiere, President and CEO for the Company.

Following are highlighted year-to-date Q3 2023 drill results, including Net Smelter Return¹ (“NSR”) values and down-hole core lengths². Additional favorable results are available in the body and tables of this release:

Hole No. 523035: Switchback Vein System

• 8.01 m with NSR value of $223/t
  
  Includes: 1.11 mwith NSR value of $662/t

Hole No. 523037: Switchback Vein System

• 7.57 m with NSR value of $153/t
  
  Includes: 1.05 m with NSR value of $570/t

• 3.87 m with NSR value of $231/t
  
  Includes: 0.93 mwith NSR value of $381/t

Hole No. 523042: Gloria/Three Sisters Vein Systems

• 6.21 m with NSR value of $223/t
  
  Includes: 0.76 m with NSR value of $486/t

Hole No. 523046: Switchback Vein System

• 4.08 m with NSR value of $290/t
  
  Includes: 1.23 mwith NSR value of $473/t

Five underground diamond drill rigs are currently operating at DDGM where more than 100 drill holes and 25,000 meters of core has been drilled year-to-date in 2023. The program continues to advance our 2023 exploration objectives of identifying new mineralization and defining and upgrading additional mineral resources that were identified during the previous drilling campaign. These drill results will be incorporated into a 2023 resource estimate update. Preliminary calculations show a positive increase in tonnage with higher grades in both the Arista and Switchback vein deposits along with an increase to the inferred resources of the Gloria and Three Sisters vein systems.

Three Sisters and Gloria Vein Systems

Step-out expansion drilling with two rigs continues to explore and expand recently identified new veins immediately north of the Arista and Switchback deposits. Current expansion drill targets include the Three Sisters and Gloria vein systems as well as previously unrecognized north-west extensions of veins originating from the Arista vein system (i.e. Splay 31, Santa Cecilia, Marena North).

As a result of the ongoing expansion drilling program, significant mineralized intercepts continue to be drilled at Three Sisters and Gloria (north-west of current resource shells) where recent results and geologic interpretation have defined a robust mineralized horizon between approximately 650 and 750 mASL, where the Three Sisters and Gloria vein structures merge at depth. The Three Sisters vein system may be interpreted as a north-west trending negative flower structure sharing a basal terminus with the Gloria vein at depth.

Structurally, the Gloria vein is currently interpreted as an en-echelon, generally east-west trending, mineralized structure bridging the north-west trending, sub-parallel Switchback and Arista vein deposits. The Gloria vein may be an example of a mineralized en-echelon structure forming part of a regional relay ramp structural model.

The projected intersection of the western terminus of the Gloria vein with the north-west trending Arista vein system is also turning into an exciting future exploration target at DDGM. Both the Gloria and Three Sisters systems remain open to the north-west, up-dip and at depth and the positive results continue to guide the direction of the ongoing expansion drill program.

As part of the ongoing program, historic drill results continue to be re-evaluated and also leading to the definition of new targets and opportunities not previously recognized. This interpretive work continues to bear fruit with the recognition of several north-west vein extensions, close to surface (near Level 4; 840 mASL) and over 150 meters north-west along strike from the previous mined limits of the Arista system. Expansion drilling will continue to focus on this emerging north-west extension of Arista for the remainder of the 2023 program.

Highlights from Q3 2023 drill holes to date in the Three Sisters / Gloria vein systems are as follows:

• Hole No. 523042
  • 6.21 m with NSR value of $223/t – Sandy 1 vein
    • Includes: 0.76 mwith NSR value of $486/t
  • 2.97 m with NSR value of $115/t – Sandy 2 vein
    • Includes: 0.69 mwith NSR value of $377/t
• Hole No. 523049
  • 2.32 m with NSR value of $82/t – Sandy HW vein
    • Includes: 0.35 mwith NSR value of $405/t
• Hole No. 523051:
  • 3.12 m with NSR value of $131/t – Sandy 1 vein
    • Includes: 0.96 m with NSR value of $233/t
• Hole No. 523058:
  • 6.59 m with NSR value of $95/t – Gloria vein
    • Includes: 0.85 m with NSR value of $172/t

Arista Vein System

Infill and step-out drilling from drill stations on Level 21 during Q1 and Q2 2023 in the Arista vein system successfully intercepted a series of closely spaced veins extending down-dip below and along strike to the north-west of the existing Arista mine workings demonstrating the presence of accessible high-grade gold mineralization immediately below and along strike from the lowest current productive level of Arista (Level 21).

Arista expansion drilling is also in progress from a drill station located approximately 150 meters north-west of the current mined limits of the Arista vein system. To date in Q3, four expansion holes (523056, 523065, 523074 and 523080) have been completed with down-hole vein intercepts ranging from 2.81 meters (523056) to 13.61 meters (523080) in length. Intercepts show visual mineralized continuity (along strike and at depth) in the projections of the north-west trending Arista veins (i.e. Splay 31, Santa Cecilia, Marena North) well north of areas previously modelled and outside the current resource shell. Assay results for three of the four holes are pending.

Highlights from Hole No. 523056 are as follows:

• Hole No. 523056:
  • 2.81 m with NSR value of $70/t – Marena North vein
    • Includes: 0.73 mwith NSR value of $202/t

Switchback Vein System

Infill and step-out drilling in Q3 2023 on Levels 27 and 28 in the central and north Switchback vein system continues to successfully confirm continuity and economic viability of the Susana North, Soledad North, Salamanca, and Sagrario veins along strike to the north-west and down-dip from the current Switchback deposit resource shell. This continued evidence of vein continuity down dip and along strike will provide for efficient and quick access to near-term mine production opportunities.

Veins drilled during the 2023 exploration program in the central and north Switchback vein system continue to show structural integrity at depth along with the continued presence of high-grade precious metals. Drilling during Q3 has shown the Susana North vein in particular to be strengthening with average true widths greater than 4 meters (up to 6.5 meters) as it begins to rotate, in plan view, from a north-west trend to a more east-west direction. Preliminary interpretations also suggest that the Susana North vein may be acting similarly to and traveling sub-parallel near the footwall of the Gloria vein.

Select highlights from the most recent drilling at the Switchback vein system are as follows:

• Hole No. 523035:
  • 8.01 m with NSR value of $223/t – Susana North vein
    • Includes: 1.11 mwith NSR value of $662/t
• Hole No. 523037:
  • 7.57 m with NSR value of $153/t – Sagrario vein
    • Includes: 1.05 mwith NSR value of $570/t
  • 3.87 m with NSR value of $231/t – Soledad South vein
    • Includes: 0.93 m with NSR value of $381/t
• Hole No. 523040:
  • 4.52 m with NSR value of $199/t – Susana North vein
    • Includes: 1.34 mwith NSR value of $255/t
• Hole No. 523045:
  • 5.14 m with NSR value of $141/ – Susana North vein
    • Includes: 0.68 mwith NSR value of $239/t
• Hole No. 523046:
  • 6.02 m with NSR value of $84/t – Susana North vein
    • Includes: 1.06 mwith NSR value of $144/t
  • 4.08 m with NSR value of $290/t – Soledad North vein
    • Includes: 1.23 m with NSR value of $473/t
• Hole No. 523052:
  • 7.49 m with NSR value of $121/t – Susana North vein
    • Includes: 2.10 mwith NSR value of $228/t
  • 6.18 m with NSR value of $162/t – Salamanca vein
    • Includes: 1.23 mwith NSR value of $319/t
• Hole No. 523060:
  • 5.70 m with NSR value of $102/t – Susana North vein
    • Includes: 1.04 mwith NSR value of $130/t
• Hole No. 523114:
  • 5.22 m with NSR value of $97/t – Susana North HW vein
    • Includes: 1.19 mwith NSR value of $130/t
  • 3.39 m with NSR value of $191/t – Susana North vein
    • Includes: 1.16 m with NSR value of $263/t

Summary Tables of Select Q3 2023 Drill Results³:

Select Expansion Drill Results – Arista, Three Sisters and Gloria Vein Systems ^{4, 5}

HOLE	VEIN	FROM	TO	LENGTH	ETW	AU	AG	AuEq	CU	PB	ZN	NSR
ID		(m)	(m)	(m)	(m)	( g/t )	( g/t )	(g/t)	( % )	( % )	( % )	($)
523042	Sandy 1	468.28	474.49	6.21	5.63	1.87	279	5.25	0.20	0.90	1.57	223
	incl.	472.76	473.52	0.76	0.69	3.55	722	12.30	0.45	0.60	2.14	486
	Sandy 2	486.82	489.79	2.97	2.57	1.07	139	2.75	0.20	0.29	0.55	115
	incl.	487.84	488.53	0.69	0.60	4.05	497	10.07	0.27	0.32	0.78	377
523049	Sandy HW	430.86	433.18	2.32	2.05	1.23	85	2.26	0.03	0.05	0.13	82
	incl.	431.74	432.09	0.35	0.31	6.28	408	11.23	0.13	0.20	0.64	405
523051	Sandy 1	492.38	495.50	3.12	2.71	0.90	180	3.08	0.21	0.35	0.74	131
	incl.	494.54	495.50	0.96	0.83	1.85	295	5.43	0.30	0.82	1.61	233
523056	Marena North	304.30	307.11	2.81	2.45	0.60	27	0.93	0.12	0.71	1.87	70
	incl.	306.38	307.11	0.73	0.64	1.79	25	2.09	0.28	2.60	6.69	202
523058	Gloria	458.30	464.89	6.59	6.49	1.33	21	1.59	0.17	0.43	2.15	95
	incl.	460.45	461.30	0.85	0.84	2.83	21	3.08	0.17	0.78	3.79	172

Select Infill Drill Results – Switchback Vein System

HOLE	VEIN	FROM	TO	LENGTH	ETW	AU	AG	AuEq	CU	PB	ZN	NSR
ID		(m)	(m)	(m)	(m)	( g/t )	( g/t )	(g/t)	( % )	( % )	( % )	($)
523035	Susana North	52.16	60.17	8.01	6.13	0.32	214	2.92	0.76	4.28	2.97	223
	incl.	56.84	57.95	1.11	0.85	1.12	748	10.19	0.51	21.49	3.21	662
523037	Sagrario	105.13	112.70	7.57	4.87	0.09	47	0.66	0.47	1.07	7.25	153
	incl.	109.48	110.53	1.05	0.68	0.06	221	2.74	1.41	3.58	27.60	570
	Soledad South	117.84	121.71	3.87	2.49	0.96	27	1.29	1.01	1.06	9.69	231
	incl.	119.89	120.82	0.93	0.60	0.54	37	0.99	1.26	2.14	19.90	381
523040	Susana North	91.97	96.49	4.52	3.46	0.24	198	2.64	0.74	0.58	4.95	199
	incl.	91.97	93.31	1.34	0.86	0.38	285	3.83	0.92	0.77	5.24	255
523043	Susana North	26.34	32.77	6.43	6.33	0.14	60	0.87	0.62	0.13	2.21	89
	incl.	26.34	27.70	1.36	0.87	0.15	113	1.52	1.03	0.34	4.31	160
523045	Susana North	50.07	55.21	5.14	3.30	0.12	94	1.26	0.43	1.30	4.72	141
	incl.	53.40	54.08	0.68	0.44	0.19	225	2.92	0.82	0.79	6.76	239
523046	Susana North	112.11	118.13	6.02	3.87	0.09	101	1.32	0.45	0.57	0.82	84
	incl.	113.87	114.93	1.06	0.68	0.19	158	2.11	1.03	1.00	1.00	144
	Soledad North	156.96	161.04	4.08	2.62	1.93	73	2.81	0.81	1.58	10.41	290
	incl.	159.81	161.04	1.23	0.79	4.01	119	5.45	1.25	2.59	15.05	473
523047	Susana North	34.70	38.54	3.84	3.33	0.19	127	1.73	0.64	0.92	3.19	142
	incl.	36.30	37.60	1.30	1.13	0.37	268	3.62	0.23	2.06	6.92	254
523050	Soledad North FW	104.75	109.68	4.93	4.46	0.31	38	0.78	0.45	0.76	2.34	87
	incl.	106.02	106.95	0.93	0.60	0.34	110	1.67	0.69	1.59	6.86	199
	Soledad North	119.33	122.65	3.32	3.01	1.60	21	1.86	0.27	0.40	1.79	104
	incl.	119.85	121.22	1.37	0.88	3.69	33	4.09	0.41	0.80	3.21	209
	Salamanca	125.08	127.45	2.37	2.15	0.99	46	1.55	0.25	1.68	4.17	139
	incl.	126.03	127.09	1.06	0.96	0.70	80	1.67	0.24	3.17	6.79	195
523052	Susana North	48.37	55.86	7.49	6.49	0.11	78	1.05	0.64	1.50	2.92	121
	incl.	49.70	51.80	2.10	1.35	0.19	164	2.18	1.06	2.20	5.98	228
	Salamanca	129.90	136.08	6.18	2.07	0.68	106	1.96	0.21	1.97	4.66	162
	incl.	131.37	132.60	1.23	0.41	0.29	171	2.36	0.15	4.61	13.18	319
523053	Soledad North	119.40	122.28	2.88	2.71	0.02	62	0.78	0.58	0.49	1.53	79
	incl.	120.91	122.28	1.37	0.88	0.01	100	1.23	0.63	0.78	1.89	105
523057	Soledad North	144.00	145.57	1.57	1.20	0.49	57	1.19	0.19	1.22	2.26	93
	incl.	145.11	145.57	0.46	0.35	0.39	150	2.20	0.20	3.95	6.64	219
523060	Susana North	137.65	143.35	5.70	5.61	0.20	90	1.29	0.55	0.76	1.78	102
	incl.	140.04	141.08	1.04	0.67	0.25	105	1.52	0.45	1.28	3.19	130
523063	Sagrario RM1	69.25	71.39	2.14	1.63	0.32	27	0.65	0.60	0.30	2.34	84
	incl.	70.68	71.39	0.71	0.54	0.82	70	1.67	1.63	0.73	6.00	218
523113	Susana North	109.20	111.07	1.87	1.43	0.05	44	0.59	1.01	0.80	2.42	106
	incl.	110.36	110.79	0.43	0.33	0.10	69	0.94	2.11	1.43	3.39	186
523114	Susana North HW	61.69	66.91	5.22	2.99	0.68	21	0.94	0.20	1.91	2.61	97
	incl.	65.72	66.91	1.19	0.68	0.72	42	1.23	0.17	4.83	1.98	130
	Susana North	104.51	107.90	3.39	2.59	0.66	57	1.35	0.86	1.48	6.67	191
	incl.	104.51	105.67	1.16	0.89	0.93	90	2.02	1.27	2.83	7.90	263

About GRC:

Gold Resource Corporation is a gold and silver producer with its operations centered on the Don David Gold Mine in Oaxaca, Mexico its Back Forty gold-copper development Project in Michigan, USA. Under the direction of an experienced board and senior leadership team, the Company’s focus is to unlock the significant exploration upside of its mine and surrounding large land package to the benefit of its existing infrastructure. For more information, please visit GRC’s website, located at www.goldresourcecorp.com and read the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2022 for an understanding of the risk factors associated with its business.

Forward-Looking Statements:

This press release contains forward-looking statements that involve risks and uncertainties. The statements contained in this press release that are not purely historical are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Exchange Act of 1934, as amended. When used in this press release, the words “plan”, “target”, “anticipate,” “believe,” “estimate,” “intend” and “expect” and similar expressions are intended to identify such forward-looking statements. Such forward-looking statements include, without limitation, the statements regarding the potential for additional mineral resources in future mine plans and plans for further exploration drilling in 2023. All forward-looking statements in this press release are based upon information available to Gold Resource Corporation as of the date of this press release, and the Company assumes no obligation to update any such forward-looking statements. Forward looking statements involve a number of risks and uncertainties, and there can be no assurance that such statements will prove to be accurate. The Company’s actual results could differ materially from those discussed in this press release. Also, there can be no assurance that production will continue at any specific rate. Forward-looking statements are subject to risks and uncertainties, including the possibility of lower than anticipated revenue or higher than anticipated costs at the Don David Gold Mine, volatility in commodity prices, and declines in general economic conditions. Additional risks related to the Company may be found in the periodic and current reports filed with the SEC by the Company, including the Company’s Annual Report on Form 10-K for the year ended December 31, 2022, which are available on the SEC’s website at www.sec.gov.

_______________________________

¹ Net Smelter Return (“NSR”) is a calculated value of the estimated net revenues per tonne less transportation and refining costs and other miscellaneous payables. Revenue is calculated utilizing metal price estimates of $1,650/oz gold (“Au”), $20/oz silver (“Ag”), $3.40/pound copper (“Cu”), $0.90/pound lead (“Pb”) and $1.35/pound zinc (“Zn”). For more details on the approach utilized to calculate NSR and the metal prices utilized, please refer the Exhibit 96.1, Technical Report Summary for Don David Gold Mine dated December 31, 2022) to the Company’s Quarterly Report on Form 8-K filed with the Securities and Exchange Commission (“SEC”) on March 2, 2023.

² All listed drill intervals are down-hole core lengths. Holes are drilled at angles and azimuths to intersect targeted structures as nearly perpendicular as possible. Some drill holes and intercepts reported here did not cross mineralization perpendicularly and do not represent exact true widths. The ‘Summary Tables of Select Q3 2023 Drill Results’ presented at the end of this release have listed the Estimated True Widths (“ETW”) of each intercept. Refer to Footnote 3 for details on the ETW determination process.

³ Estimated True Width (ETW) for reported vein intercepts are based on 3D models of the individual veins. Estimates are determined in cross-section by measuring the modelled vein thickness perpendicular to the vein margins and through the midpoint of the drill hole intercept. Percentage based differences between individual ETW’s and downhole interval lengths will vary between drill holes depending on drill hole inclination, variations in vein strike and dip, and overall geometries of the different vein systems.

⁴ Gold equivalent (AuEq) g/t is calculated based on the gold grade plus silver grade converted to gold grade using an 82.5 ratio (determined by $1,650/ounce gold and $20/ounce silver metal prices).

⁵ Assays by ALS, Vancouver, BC Canada. The Company conducts a significant QA/QC program which includes the insertion of assay standards, blanks, and duplicates in the sample stream to ensure the assay lab results are within specified performance levels.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230912182348/en/

Allen Palmiere

Chief Executive Officer

[email protected]

www.goldresourcecorp.com

KEYWORDS: Colorado Africa Australia/Oceania United States Canada North America Australia

INDUSTRY KEYWORDS: Mining/Minerals Natural Resources

MEDIA:

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View of the Arista, Gloria, Three Sisters and Switchback Vein Systems (looking north-west). (Graphic: Business Wire)

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Oblique Plan View Highlighting the Arista, Switchback, Gloria/Three Sisters and NW Arista Vein Systems (red ellipse highlights area of merger between the Three Sisters and Gloria structures at depth). (Graphic: Business Wire)

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Cross Section View of the Three Sisters and Gloria Vein Systems (looking NW) Showing Q3 2023 Drill Traces (red ellipse highlights area of merger between the Three Sisters and Gloria structures). (Graphic: Business Wire)

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Cross Sectional View of the North-West Arista Vein System Including Q3 2023 Drill Hole Traces From Level 4. (Graphic: Business Wire)

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Plan View of Central-North Switchback Vein System Including Q3 2023 Holes Referenced Above. (Graphic: Business Wire)