Rusoro Mining Limited
TSX VENTURE : RML

Rusoro Mining Limited

September 16, 2008 09:57 ET

Rusoro Mining-Annual General Meeting Results

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 16, 2008) - Rusoro Mining Ltd. (the "Company") (TSX VENTURE:RML) announces that at its Annual General Meeting held on Friday, September 12, 2008, with over 58% of the issued and outstanding shares voted, the following directors were elected to the Board: Vladimir Agapov, George Salamis, Andre Agapov, Gordon Keep, Jay Kaplowitz, Abraham Stein, John Reynolds, Peter Hediger, and Dmitry Ushakov. At the Company's AGM the shareholders also approved the re-appointment of Grant Thornton LLP as Chartered Accountants and the Company's stock option plan dated September 10, 2007 was re-approved.

About Rusoro

In the last 12 months, Rusoro has successfully completed the acquisition of two operating mines in Venezuela. The Company currently operates the fully permitted Choco 10 and Isidora Mines, processing the ore through the Choco Mill facility near the town of El Callao. The Company has significant 43-101 compliant gold resources and has targeted production of approximately 150,000 oz/Au in 2008. Rusoro is currently working on expanding its production at both the Choco 10 Mill in El Callao and the Emilia Mill in El Dorado where the fully-permitted SREP Mine is located.

ON BEHALF OF THE BOARD

George Salamis, President

Forward-looking statements: This document contains statements about expected or anticipated future events and financial results that are forward-looking in nature and as a result, are subject to certain risks and uncertainties, such as general economic, market and business conditions, the regulatory process and actions, technical issues, new legislation, competitive and general economic factors and conditions, the uncertainties resulting from potential delays or changes in plans, the occurrence of unexpected events, and the Company's capability to execute and implement its future plans. Actual results may differ materially from those projected by management. For such statements, we claim the safe harbour for forward-looking statements within the meaning of the Private Securities Legislation Reform Act of 1995.

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

Contact Information

  • Rusoro Mining Limited
    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