Rusoro Mining Limited
TSX VENTURE : RML

Rusoro Mining Limited

September 11, 2007 15:18 ET

Rusoro Mining-Annual General Meeting Results; Option Grants

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 11, 2007) - Rusoro Mining (TSX VENTURE:RML) announces that at its Annual General Meeting held yesterday, the following directors were elected: Vladimir Agapov, Andre Agapov, Gordon Keep, Jay Kaplowitz, Abraham Stein, John Reynolds, Peter Hediger, and Dmitry Ushakov. Following the shareholders' meeting, the directors appointed Andre Agapov as CEO, and George Salamis as Director and President.

Andre Agapov is the founder of Grupo Agapov Corp. which was acquired by the Company in November 2006. He was instrumental in the advancement of Grupo's Venezuela gold properties over the past five years.

In addition, the Company has granted incentive stock options to directors, officers, employees and consultants to purchase up to an aggregate of 6,495,000 common shares exercisable for 10 years at a price of $2.12 per share.

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

Vladimir Agapov, Chairman of the Board

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