RML Rusoro Mining Ltd

Rusoro Mining Ltd. ("Rusoro") (TSX VENTURE:RML) is pleased to announce that it
has been selected as the partner of choice by the Venezuelan Government for gold
mining opportunities in Venezuela. Rusoro is also pleased to confirm the
Venezuelan Government's approval for the previously announced acquisition of
Hecla Mining Company's Venezuelan assets. Rusoro has now completed the
acquisition of the Hecla-Venezuela assets, being the Block B - Isidora mining
leases and the La Camorra mill facility in Bolivar State, Venezuela.


Partner of Choice

Rusoro has agreed with the Venezuelan Ministry of Mines and Basic Industries
("MIBAM") to establish a mixed enterprise between Empresa de Produccion Social
Minera Nacional C.A. (an indirect subsidiary of MIBAM) and Rusoro on a 50-50
basis (the "Mixed Enterprise"). The Mixed Enterprise is expected to be
formalized within the next 6 months and will carry on gold exploration,
development and mining activities in the areas being acquired from Hecla. The
Mixed Enterprise also creates an operating gold company for Rusoro and the
Venezuelan government to examine further gold mining and development
opportunities in the country for the benefit of all stakeholders.


The definitive terms of the Mixed Enterprise remain to be finalized between
MIBAM and Rusoro. Until such terms are finalized, Rusoro will own and operate
the Hecla-Venezuela assets. None of Rusoro's existing assets, such as the Choco
10 Mine, are to be contributed to the Mixed Enterprise.


Commenting on the joint venture with MIBAM, Rusoro CEO Andre Agapov states: "We
are delighted to be selected as the partner of choice for gold mining
opportunities in Venezuela and we look forward to exploring further
opportunities for the benefit of our new partner, our committed shareholders and
for the local communities involved in the gold mining industry in Venezuela."


Advisors

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


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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