Rusoro Awards Scoping and Feasibility Studies for Choco 10 to Micon International Ltd.

Rusoro Mining Ltd. (TSX-VENTURE:RML) is pleased to report that the Company has awarded the contract to conduct a scoping study for the Choco 10 Mine and surrounding deposits in the El Callao region to Micon International Limited (Micon). Information derived from this study will be used to establish various working parameters and assumptions to be used in a definitive feasibility study. The scoping study is expected to be completed during Q3, 2008, while the feasibility study is expected to be completed during the latter part of Q2, 2009. The mandate for the feasibility study has also been awarded to Micon whose Vancouver-based staff will manage the studies. Micon is an industry leading mining consulting firm specializing in resource estimation, mine engineering and feasibility study preparation. They acted as the lead engineering firm on the original bankable feasibility study performed on Choco 10 in 2003 and more recently on due diligence mandates regarding Rusoro’s recent purchase of the mine from Gold Fields Intl. In short, Micon is thoroughly familiar with the Choco property, operating environment and regional infrastructure.