Rusoro Completes Landmark Agreements With Venezuelan Government to Custom Mill Ore for Minerven and Officially Process

VANCOUVER, BRITISH COLUMBIA, Sep 05 (MARKET WIRE) --
Rusoro Mining (TSX VENTURE: RML) is pleased to announce that it has
formally completed landmark agreements with MIBAM to custom mill ore from
various MINERVEN operations in the El Callao District and to officially
begin processing the ore being developed at the Isidora Mine.

- A series of contracts will allow Rusoro to process ore at Choco 10 for
MINERVEN. The ore will include sands, tailings and other sources being
evaluated from their various operations. The contracts have established
that 2,000,000 tonnes of gold bearing tailings and sands are available
from MINERVEN for contract milling. The contract between the Venezuelan
Government and a foreign mining company represents the first of its kind
in Venezuela

- A formal agreement with the Government was also completed to process
50,000 dry tonnes of ore mined from Isidora at the Choco 10 mill, as part
of the recently announced JV between Rusoro Mining and MIBAM/MINERVEN

- Production from underground at Isidora was officially re-initiated
during the month of August, with over 2200 tonnes of high grade ore,
grading in excess of 30g/t, ready for shipment to Choco 10 for processing

Rusoro President, George Salamis, stated, "The Company is very pleased to
have concluded these agreements and officially become a partner with the
Venezuelan Government. The company expects to build on this precedent
setting relationship and looks forward to developing additional revenue
generating agreements in the near term."

NI-43-101 Compliance and QA/QC

Sample analyses have been conducted at independent commercial assays labs
located in Bolivar State Venezuela including; Actlabs in Tumeremo, ACME
Lab in Guasipati and Triad Labs located in El Callao. All sample analyses
was completed using industry standard practices and standard samples,
blanks and duplicate check samples were randomly inserted into the sample
stream to ensure quality control. A review of the QA/QC results shows no
significant bias and all results are considered highly reliable. Sample
rejects for all samples are retained and are available for any further
testing which may be required.

Qualified Person: Mr. Gregory Smith, P.Geo, the Vice-President
Exploration of the Company, is the Qualified Person as defined by
National Instrument 43-101, and is responsible for the accuracy of the
technical data contained within this news release.

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.

Contacts:
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

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