Rusoro Mining releases 1Q results

The first quarter of 2008 marked the first full quarter of reporting since the Company acquired all the assets and liabilities of Gold Fields Netherlands Services BV, ('Gold Fields'), which included the Choco 10 operating mine. The completion of this transaction on November 30, 2007 also marked the Company's transition from being an exploration company to being a gold producer. All amounts set out in the Company's financial statements and MD&A are unaudited and in United States dollars, unless otherwise stated.