Rusoro Reports Closing of Arbitration Costs Financing

Rusoro Mining Ltd. ("Rusoro" or "the Company") (TSX VENTURE:RML) - 

Rusoro is pleased to announce that on June 15, 2012 it entered into a litigation
funding agreement with a subsidiary (the "Funder"), of the Calunius Litigation
Risk Fund LP (the "Fund"). Calunius Capital LLP is the exclusive investment
advisor to the Fund which specializes in funding commercial litigation and
arbitration claims. Calunius Capital LLP is authorized and regulated by the
Financial Services Authority of the United Kingdom as an investment adviser.
ClaimTrading Limited acted as broker in the transaction.


Under the terms of the litigation funding agreement, the Funder has agreed to
assist in the funding of Rusoro's legal costs in relation to the international
arbitration proceedings against the Republic of Venezuela (the "Respondent") on
a non-recourse basis.


Rusoro will continue to have complete control over the conduct of the
international arbitration proceedings, insofar as the proceedings relate to the
Company's claims, and continues to have the right to settle with the Respondent,
discontinue proceedings, pursue the proceedings to trial and take any action
Rusoro considers appropriate to enforce judgment.


Under the terms of the privileged litigation funding agreement, the Company has
given certain warranties and covenants to the Funder. In consideration for the
provision of arbitration financing, Rusoro has agreed to pay to the Funder a
portion of any final settlement of the arbitration claim against the Respondent
(the "Funder's Fee"). The Funder's Fee shall only become payable upon a final
settlement of the arbitration claim and the value of the Funder's Fee is
dependent upon a number of variables including the value of any settlement and
the length of time taken to reach a settlement. The agreement also provides that
the amount of the Funder's Fee shall not exceed the amount of the aggregate
proceeds of the arbitration claim under any circumstances.


Details of the background to the Company's dispute with the Respondent can be
found in the Company's audited consolidated financial statements and management
discussion and analysis for the year ended December 31, 2011 as well as in the
Company's news releases dated April 30, 2012 and March 14, 2012 which can be all
found on www.sedar.com or on the Company's website www.rusoro.com.


ON BEHALF OF THE BOARD

Andre Agapov, President & CEO

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.

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