Rusoro Confirms Good Standing With Government Agencies in Venezuela

Rusoro Mining Ltd wishes to confirm that the Company is in possession of all necessary permits to produce gold at the Choco 10 Mine in El Callao as well as all permits to 'Affect Resources' (Afectacion de los Recuros) for the development and future gold production (both underground and open pit) related to the SREP gold deposits near the town of El Dorado in Bolivar State Venezuela. This is in response to news concerning environmental permitting issues which have affected two unrelated mining companies working in the Imataca Forest Reserve Region of Venezuela. Rusoro has no active mining or mine development projects in the Imataca Forest Reserve region.