Rusoro Mining Limited
TSX VENTURE : RML

Rusoro Mining Limited

January 08, 2008 11:06 ET

Rusoro Mining Ltd. Appoints Corey Allen as COO

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 8, 2008) - Rusoro Mining Ltd. (TSX VENTURE:RML) is pleased to announce the appointment of Mr. Corey Allen to the position of Chief Operating Officer effective immediately. Mr. Allen brings many years of operational expertise in the mining industry to the Company's executive management team.

Mr. Allen has previously held several senior management positions in the industry, most recently as Mill and Metallurgical Operations Manager overseeing the engineering and project development for a world class copper-gold porphyry deposit in Ecuador. He also brings direct experience in Venezuela as he was formerly the Project and Production Manager for Gold Reserve Corp. in the country. Mr. Allen is fluent in Spanish and has over 25 years of experience directing mine and metallurgical operations on several major development projects in North America, Mexico and central and South America.

Company President George Salamis states, "I am very pleased to welcome Mr. Allen into Rusoro's executive management group. Corey's extensive operational and metallurgical experience will be of considerable benefit to the Company as we continue to execute our growth strategy in Venezuela."

About Rusoro

Rusoro Mining Ltd. is an advanced junior gold producer focused in Bolivar State, Venezuela. The Company is scheduled to produce in excess of 120,000 oz of gold in 2008. This gold production is supported by measured and indicated resources (including reserves) for all projects of 84.0 Mt grading 2.5 g/t Au containing 6.63 Moz, and total inferred resources of 108.2 Mt grading 1.8 g/t Au containing 6.22 Moz of gold. In addition, management is aggressively working to significantly increase gold production at the Choco 10 mine over the next 12 to 36 months.

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) 632-4044 or Toll Free: 1-800-668-0091
    (604) 632-4045 (FAX)
    Email: info@rusoro.com
    Website: www.rusoro.com