Rusoro Mining Limited

Rusoro Mining Limited

September 04, 2007 09:15 ET

Rusoro Mining Ltd. Appoints George Salamis as President

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 4, 2007) - Rusoro Mining Ltd. (TSX VENTURE:RML) is very pleased to announce the appointment of George Salamis to the position of President, effective immediately. Mr. Salamis will play a major role in the Company's executive management team as the Company moves forward on a number of corporate and operational initiatives.

Mr. Salamis has previously held senior management positions with well-established mining companies, most notably Placer Dome Inc. and Cameco Corporation, in addition to his successful formation and management of several junior mining companies listed in Europe and North America. Mr. Salamis has over 20 years experience directing the exploration, development and mining operations of a number of gold, base metal and coal projects in many different regions of the world including Latin America. In recent years, he has also played an integral role, both executive and non executive, in several large M&A transactions and significant financing initiatives in the industry. Mr. Salamis holds a graduate degree in Geology from the Universite de Montreal - Ecole Polytechnique.

Company Chairman, Vladimir Agapov, says, "George brings to Rusoro the extensive corporate management and technical experience necessary to oversee and move the Company through its pivotal exploration and pre-production programs and ultimately to full production of its multi-million ounce gold projects in Venezuela."

The Company would like to thank outgoing President Mario Szotlender for his diligence and service since the Company's inception and wishes him the very best in his future endeavours.

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.


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.

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