Gold Resources increase at Bjorkdal Mine, Sweden

Gold-Ore Resources Ltd. announces receipt of a new resource estimation for the Company’s 100% owned Bjorkdal Gold Mine. The independent NI 43-101 compliant resource estimation was completed by Wardell Armstrong International Ltd. (WAI) of Cornwall, UK.

Bjorkdal currently produces gold from material sourced from underground (800 tonnes/day), open pit (1,300 tonnes/day) and surface stockpiles (1,200 tonnes/day). With the recent increases in gold prices, open pit mining has been re-activated. The Company is actively reviewing several areas with historic drilling that have demonstrated open pit potential to provide mill-feed at the rate of 1,300 to 1,700 tonnes per day. The corporate objective is to increase gold production to the 50,000 to 75,000 ounce per year level during 2008.

The Company has received two alternative resource estimates utilizing different assumptions for potential open pit mining and for underground extraction. WAI reported the open pit scenario resources using a 2.5 metre minimum mining width and 0.3 grams per tonne (g/t) gold cutoff grade. The underground mining scenario resources were reported using a 3.0 metre minimum mining width and a 1.5 g/t gold cutoff grade. The open pit mining scenario resources are inclusive of the underground mining scenario resources and are proximal to the open pit.