Rusoro Mining Ltd. Appoints VP Finance and Interim CFO

Rusoro Mining Ltd. (TSX VENTURE:RML) is pleased to announce the appointments of
Mr. Matias Herrero to the position of VP of Finance and Mr. Gary Warnecke as
interm CFO, effective immediately. Both Mr. Herrero and Mr. Warnecke bring many
years of financial expertise in the mining industry to the Company's executive
management team.


Mr. Herrero is a CPA and a former audit manager with Pricewaterhousecoopers
(PwC). At PwC he worked in the mining division working with Canadian mining
companies operating in Latin America. He has previously held several senior
finance positions in the natural resource industry, most recently as Corporate
Controller for TSX listed Pacific Rubiales Energy Corp., a large oil and gas
producer in Colombia. His role at Pacific Rubiales included working with
financial advisors Endeavour Financial in overseeing compliance to; bring the
Company public, complete a merger with Pacific Status Energy and gain a listing
on the TSX main board. Mr. Herrero is fluent in Spanish and his very strong
compliance and financial reporting background will play a leading role in
coordinating Rusoro's Venezuelan and Canadian financial departments.


Mr. Warnecke is also a CPA and formerly maintained an accounting practice in the
Eastern United States which specialized in advising and managing North American
financial concerns for Russian and western European based clients. Mr. Warnecke,
who is fluent in Russian, left his accounting practice to become CFO of GRIF
Management, a private company which provided financial management services to
the Oil and Gas Industry in Russia. In 2006 he moved to Venezuela to work with
Grupo Agapov and was an essential part of the team that brought Grupo Agapov
public as Rusoro Mining Ltd. More recently Mr. Warnecke has been working as
Rusoro's Internal Auditor and will lead the transition team put in place to
merge the Company's Venezuelan operations since the acquisition of Gold Fields
Venezuelan assets.


Company President George Salamis states, "I am very pleased to welcome Matias
and Gary into Rusoro's executive management group. Their extensive financial and
mining industry experience will be of considerable benefit to the Company as we
continue to execute our fast paced growth strategy in Venezuela."


About Rusoro Mining

Rusoro Mining is an advanced junior gold producer with a large land position in
the prolific Bolivar State region of Venezuela. With the resent acquisition of
the Choco 10 mine the Company has a significant reserve and resource base and
will reach an annualized production rate of 150,000 oz/yr in 2008. Rusoro has an
on-going aggressive drilling campaign for 2008 designed to increase and upgrade
its gold ounces for projected production expansion at both the Choco 10 Mine in
El Callao and the Emilia Mine in El Dorado.


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.

Rusoro Mining (TSXV:RML)
Graphique Historique de l'Action
De Juin 2024 à Juil 2024