RML Rusoro Mining Ltd

Rusoro Mining Ltd. ("Rusoro") (TSX VENTURE:RML) is pleased to announce that
Peter Hambro Mining Plc ("PHM") has agreed to make a strategic US$20 million
investment in Rusoro and its affiliates (collectively the "Rusoro Group") as
part of a larger US$80 million senior secured exchangeable loan (the "Loan"),
exchangeable into shares of Rusoro at C$1.25 per Rusoro share. The remainder of
the Loan will be funded by a syndicate including funds which are investment
managed by BlackRock Investment Management International Limited, GLG Partners
Limited and Lansdowne Partners Limited as well as Endeavour Mining Capital Corp.
(collectively, the "Lenders"). Rusoro will act as a guarantor of the Loan.
Proceeds from the Loan will be used for regional consolidation opportunities
approved by the Lenders and for general corporate purposes. PHM has also entered
into an option agreement with the other Lenders which gives PHM the right to
acquire from them at a price of C$2.20 per share, the Rusoro shares which such
other Lenders may receive upon exchange of their Loan (the "Option Agreement").


PHM, the second largest Russian gold mining company, along with a syndicate of
institutional investors described above, has agreed to provide the Rusoro Group
with the US$80 million Loan. The principal terms of the Loan include: 10% annual
coupon payable semi-annually, 2 year term, exchangeable at any time at C$1.25
per Rusoro common share, pro-rata participation in future equity fundings for
the term of the Loan (subject to prepayment or exchange), and secured by share
pledges over Rusoro's principal assets including Choco 10. The Lenders have also
entered into the Option Agreement (described above) with PHM. The Loan will be
drawn down today and be made available in two tranches. US$28 million will be
available immediately for general corporate purposes, with the remaining US$52
million made available once pre-agreed strategic milestones are met.


Exchange of PHM's US$20 million loan into shares would give PHM an interest of
approximately 4.0% of the partially diluted shares in Rusoro, being the common
shares currently in issue plus the aggregate of the shares to be issued on
exercise of the exchange right by PHM in respect of its Loan participation, but
excluding any shares that PHM could receive pursuant to the Option Agreement.
Full exercise of the Option Agreement would give PHM an interest of
approximately 14.2% of the partially diluted shares in Rusoro (being calculated
on the same basis as above, but allowing for full exercise of the Option
Agreement and full exchange of the Loan).


PHM has two principal operating mines in the Amur region in the Russian Far
East. In 2007, PHM's total attributable gold production was c.297,000 ounces and
PHM continues to be one of the industry's lowest cost producers with a cash
operating cost at Pokrovskiy, one of its principal operating mines, of US$143
per ounce (as at Dec. 31 2007). PHM has offices in London, Moscow and
Blagoveschensk and PHM's shares are traded on the AIM market of the London Stock
Exchange under the symbol POG.


Commenting on the transaction, Rusoro CEO Andre Agapov states: "We are delighted
to welcome PHM's strategic investment as we implement our strategy to become a
major gold producer in Venezuela."


Commenting further, Peter Hambro, Executive Chairman of PHM, said: "We have
always said that any investment outside Russia would need to have a
Russo-centric rationale and the Rusoro investment is just such an opportunity.
With it we have a strategic investment in a growing gold producer that is backed
by proven reserves and resources and a successful management team."


Advisors

Rusoro's financial advisor is Endeavour Financial International Corporation and
its legal advisors are Anfield Sujir Kennedy & Durno in Canada and Gersten
Savage LP in the United States.


Qualified Person: Mr. Gregory Smith, P.Geo, the Vice-President Exploration of
the Company, is the Qualified Person as defined by National Instrument 43-101,
and is responsible for the accuracy of the technical information in this news
release.


ON BEHALF OF THE BOARD

Vladimir Agapov, Chairman

Forward-looking statements: This document contains statements about expected or
anticipated future events and financial results that are forward-looking in
nature and as a result, are subject to certain risks and uncertainties, such as
general economic, market and business conditions, the regulatory process and
actions, technical issues, new legislation, competitive and general economic
factors and conditions, the uncertainties resulting from potential delays or
changes in plans, the occurrence of unexpected events, and the Company's
capability to execute and implement its future plans. Actual results may differ
materially from those projected by management. For such statements, we claim the
safe harbour for forward-looking statements within the meaning of the Private
Securities Legislation Reform Act of 1995.

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