Rusoro Mining Limited
TSX VENTURE : RML

Rusoro Mining Limited

April 04, 2007 16:21 ET

Rusoro Mining Ltd.: Warrant Terms Amended

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - April 4, 2007) - Rusoro Mining Ltd. (the "Company") (TSX VENTURE:RML) announces that in conjunction with the Company's acquisition of all of the securities of Mena Resources Inc. ("Mena") a financing of approximately CDN$72,000,000 was completed by Mena. As a result of the financing, as described in Mena's Information Circular dated January 26, 2007, performance warrants entitling the holders to purchase 5,000,000 common shares of the Company will immediately become exercisable and the balance of the performance warrants entitling the holders to purchase an additional 5,000,000 common shares of the Company will become exercisable on completion by the Company of a further financing of at least US$50,000,000. Any shares acquired on exercise of the warrants are subject to restrictions on transfer contained in an Agreement and Plan of Merger dated September 29, 2006 (to which both the Company and Mena are parties) and may not be traded or otherwise transferred except as provided in that agreement.

ON BEHALF OF THE BOARD

Mario Szotlender, President

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

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