Rusoro Mining Ltd. (TSX VENTURE:RML) is pleased to report that it has initiated
a feasibility study for a major expansion at its Choco 10 operations and near-by
Increible 6 gold deposit and a pre-feasibility study at its SREP gold deposit
both of which are located in the Bolivar State region in south eastern
Venezuela. Both studies are expected to be completed in the first half of 2010.


At Choco 10, the feasibility study comes on the heels of a positive Preliminary
Assessment (PA), completed by Micon International Limited. The PA is detailed in
a report dated June 2, 2009 and titled "Technical Report on the Preliminary
Assessment of the Expansion of Production at Choco 10, Bolivar State,
Venezuela". The PA outlined favourable economics for a significant expansion
from 170,000 oz Au/yr (2009 guidance) to over 500,000 oz Au/yr at cash cost of
US$331/oz Au over the life of mine (LOM). Micon International Limited will
continue on as the Company's engineering consultants on the project and will be
responsible for overseeing the feasibility study through to its completion.


At the San Rafael-El Placer Project (SREP) the Pre-feasibility study has been
awarded to Whillans Mine Studies Ltd. The engineering consulting firm has
previously advised the company concerning the development of the Alvarez Ramp
which is currently under construction to access the main mineralized zones at
SREP. Based on the amount of data already compiled and the engineers intimate
and ongoing knowledge of the project the Company expects that the study can be
completed in early 2010. The SREP Project currently has National Instrument
43-101 ("NI 43-101") compliant resources of 399,000 oz Au indicated (639,000t @
19.41g/t) and 523,500 oz Au Inferred (703,000t @ 23.16g/t) as detailed in a
report titled "Technical Report on the San Rafael-El Placer and Days Vein
Deposits, Bolivar State, Venezuela" dated October 2, 2008.


George Salamis, President of Rusoro Mining, commented: "Completion of these
studies will be a strategic milestone in unlocking further value for the Company
and its shareholders at three of our key gold projects in Venezuela. With the
recent release of highly positive results from the scoping work conducted on the
Choco 10 and Increible 6 the commencement of a feasibility study is warranted
and will highlight, on a definitive basis, the immense expansion capacity of the
active gold mining operation well beyond their current rate of production. At
SREP, the on-going construction and completion of the ramp will provide valuable
data to the pre-feasibility study, supporting management's strong belief that
the deposit's high-grade vein systems, subject to further studies, can be
developed into a successful gold producing operation."


Operational Update

The company is pleased to report that operations continue to perform at or ahead
of expectations. The unaudited data for cash costs and gold production continue
to fall well within the guidance for 2009 and a full accounting of the audited
operational numbers will be reported with the Q2 financials which will be
reported by August 31st, 2009.


About Rusoro Mining

Rusoro is a junior gold producer with a large land position in the prolific
Bolivar State region of Venezuela. The Company operates the Choco 10 and Isidora
Mines, processing the ore through the Choco 10 mill facility near the town of El
Callao. The Company produced 100,000 oz Au in 2008 and is on target to reach its
production guidance of 170,000 oz Au in 2009, as it continues to advance two
additional projects (Increible 6 and SREP), toward inclusion in the Company's
production profile.


Mr. Gregory Smith, P. Geo., the Vice-President Exploration of Rusoro, is a
qualified person as defined by NI 43-101 and is responsible for the scientific
and technical aspects of this news release.


ON BEHALF OF THE BOARD

George Salamis, President

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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