RML Rusoro Mining Ltd

Rusoro Mining Ltd. (TSX VENTURE:RML) ("Rusoro" or "the Company") announced today
that it has filed a Request for Arbitration before the Additional Facility of
the World Bank's International Centre for Settlement of Investment Disputes
("ICSID") against the Bolivarian Republic of Venezuela ("Venezuela") pursuant to
the Agreement between the Government of Canada and the Government of the
Republic of Venezuela for the Promotion and Protection of Investments (the
"Treaty").


The arbitration has been commenced following the passing by the Venezuelan
Government of a series of measures that dismantled the legal regime for the
marketing of gold in Venezuela and culminated in the outright nationalization
and control of Rusoro's investments in Venezuela without compensation. The claim
is for breach of the Treaty's protections against expropriation, unfair and
inequitable treatment and discrimination, and for breach of the guarantees of
full protection and security and free transfer of investments.


Andre Agapov, President and CEO of Rusoro said, "The Venezuelan Government's
actions have resulted in significant loss to the Company and its shareholders.
For several months we have attempted to find an amicable resolution to the
dispute with the Venezuelan Government, but in the end, in light of the
Government's apparent unwillingness to look for an amicable resolution, it
became the Company's sole recourse to commence international arbitration. Even
though we are disappointed that we could not reach an amicable resolution to the
dispute, we firmly believe in our arbitration case and the pursuit of fair-value
compensation for the loss of our large investment in Venezuela."


ON BEHALF OF THE BOARD

Andre Agapov, President & CEO

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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