Rusoro Mining to increase and upgrade its gold ounces for projected production expansion in Venezuela

Rusoro Mining is an advanced junior gold producer with a large land position in the prolific Bolivar State region of Venezuela. With the resent acquisition of the Choco 10 mine the Company has a significant reserve and resource base and will reach an annualized production rate of 150,000 oz/yr in 2008. Rusoro has an on-going aggressive drilling campaign for 2008 designed to increase and upgrade its gold ounces for projected production expansion at both the Choco 10 Mine in El Callao and the Emilia Mine in El Dorado.