Rusoro Mining Limited
TSX VENTURE : RML

Rusoro Mining Limited

October 29, 2007 18:00 ET

Rusoro Mining Grants Incentive Options

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 29, 2007) - Rusoro Mining Ltd. (TSX VENTURE:RML) announces that it has granted incentive stock options to directors, officers and employees to purchase up to an aggregate of 3,560,000 common shares exercisable for 10 years at a price of $2.30 per share. The Company has also granted to an investor relations consultant, Vanguard Shareholder Solutions Inc., 350,000 options exercisable for two years at $2.30 per share.

These options are subject to the closing of the Company's proposed property acquisition and financing previously announced on October 11 and 12, 2007.

About Rusoro

Rusoro Mining Ltd. is a junior gold producer focused in Bolivar State, Venezuela. The Company has discovered well over 4 million ounces of gold to-date and is currently engaged in an aggressive program of exploration, development and mill expansion to significantly expand gold production through 2008 and 2009.

ON BEHALF OF THE BOARD

George Salamis, President

The TSX Venture Exchange has not reviewed and does not take responsibility for the adequacy or accuracy of this release.

Contact Information

  • Rusoro Mining Ltd.
    George Salamis
    President
    (604) 682-1545 or Toll Free: 1-800-668-0091
    (604) 682-1514 (FAX)
    Email: info@rusoro.com
    Website: www.rusoro.com