Rusoro Mining Ltd (PK) (RMLFF) Quote

Looks like there may be in fact enough good cheer to get from RMLFF to GDRZF into a brand new Citgo Cert


Best guess right

The only way RMLFF gets to $5 or more is with a successful top bid for CITGO of which we may veri well be

RMLFF has another US$400 million of debt. That includes on balance sheet debt of US$265 million and litigation and success related fees of ~US$135 million. They would have to pay another US$50 million in taxes.

https://www.thebigscore.com/p/4x-your-money-by-july-15

CITGO auction1st round bidding so strong might not need the 2nd ....?
COP PBR

GDRZF RMLFF
V.GRZ V.RML

SMART $2USD+ or we become CITGO
not bad
like $24B revenue
over $2B profits
All that for a steal.....

Cant beat that

https://finance.yahoo.com/news/rusoro-announces-filing-non-binding-130000246.html

Looks more like $2 now RML.V / RMLFF
That's some serious FRAZollis for the NMIIsmatic collection like silver certificates from 1912 and 1899

Congrats RMLFF there is enough money to pay legal distribute about 1$ a share back to share holders pay off all debt and be well capitalized for a new venture

For those who got in when it seemed hopeless a special congrats well worth the wait ...

I wish I knew of a similar type situations that I can own at a tiny fraction of an inevitable payout that's required by law to lift a certain trade embargo ....

Hello? Anyone here? Freight train coming here....

Rusoro Mining Ltd (P (RMLFF)
0.0399 +0.0 (0.00%)
Volume: 0

https://sites.google.com/d/1NJOSpxTC_Lik7NxayqezglLx2HAZrlWr/p/16aTI6adzi42AhHdL31rgTyDH9IctfdLz/edit

Rusoro Mining and secret back channels in Venezuela

In January of this year a secret group consisting of Trump advisor Erik Prince ,
British deal-maker Ian Hannam and mining magnate Peter Hambro , were sent to Caracas Venezuela to meet with Vice President Rodriguez. The official reprted purpose of the mission was to push for the freedom of six imprisoned Citgo executives. contrary to this scenario ,Elliott Abrams, the State Department’s special envoy said the meetings “would appear to violate U.S. sanctions.”

What was the real reason for this secret envoy?...all you need to do is look at the players and read today's headlines to understand their motive...gold resources.

Peter Hambro :
In 2008 as CEO of Peter Hambro Mining Plc (PHM) Peter Hambro made a strategic US$20 million investment in Rusoro Mining. PMH the second largest Russian gold mining company, along with a syndicate of institutional investors agreed to provide the Rusoro Group with a US$80 million Loan.
PHM’s US$20 million loan for shares of Rusoro would give PHM an interest
of approximately 4.0% of the company. Full exercise of the Option Agreement would give PHM an interest of approximately 14.2% of Rusoro.
The remainder of the Loan was funded by a syndicate
including funds which are investment managed by BlackRock Investment
Management International Limited, GLG Partners Limited and Lansdowne
Partners Limited as well as Endeavour Mining Capital Corp.
Currently Peter Hambro is CEO of IRC Limited ,IRC is the largest iron ore mining operator exclusively in the Russian Far East.

Ian Hannam :
Hannam is no stranger to Venezuela. In 2008, while at JPMorgan, he was the financial adviser for a deal in which the Russian miner Peter Hambro invested in a Venezuelan gold mining venture with Vancouver-based Rusoro Mining Ltd.
Was fined £450,000 for insider trading in 2014.
Ian Hannam is CEO of Centar Mining and currently looking for mining deals..his gold mining contract with Afghanistan was canceled when Trump promised to pull out.

Erik Prince:
Trump advisor , ex navy seal, brother of U.S. Education Secetary and founder of
Blackwater Security, has close ties to the state-owned Chinese investment company CITIC.
Currently CEO of Frontier Services Group and is currently raising a $500mil fund to purchase precious metals.

What does an ex navy seal, an ex British spy, an investment syndicate, a mining conglomerate , president Trump and the Russians all have in common?

answer: Rusoro Mining

You should be interested in Rusoro....send me a private message and i will explain.

Thanks.

I am not interested in,

Crystallex, Gold Reserve or Rusoro.

They are each waiting on $1B from Venezuela, which you know, will be impossible to receive at this time. Although I understand Crystallex received $100M which was being held up because of the embargo issue.

I had a lot of fun following Crystallex and Rusoro 2010.

Im digging up very interesting info...things look like they are in motion..need time to put all the pieces together...will post later.

Did you read the Bre-X book?

Thanks for the info...jumped out of this a few years ago....interesting developments.

WOW!! Rusoro is still hanging around!!

News Releases
Rusoro Mining Ltd.
Rusoro Mining News
March 04, 2020

Rusoro Announces Share Purchases by CEO

Vancouver, Canada - Rusoro Mining Ltd. (the "Company" or "Rusoro") announces that it has been advised that Andre Agapov, President and CEO of the Company, has acquired shares of Rusoro in the public market. Following the acquisition of 1,929,000 common shares of Rusoro, Mr. Agapov holds an aggregate of 87,066,167 common shares representing 15.98% of the issued and outstanding shares of the Company.

Mr. Agapov would hold 102,266,167 common shares, which represents 18.26% on a partially diluted basis assuming the exercise of his 15,200,000 stock options.

Mr. Agapov acquired these securities for investment purposes and may in the future acquire or dispose of securities of the Company, through the market, privately or otherwise, as circumstances or market conditions warrant. An early warning report will be filed by Mr. Agapov in accordance with applicable securities laws.

ON BEHALF OF THE BOARD

"Andre Agapov"

Andre Agapov, President & CEO

Rusoro Mining Ltd.
Rusoro Mining News

January 30, 2019
Paris Court of Appeals Decision on Award

Vancouver, Canada -- Rusoro Mining Ltd. (the "Company" or "Rusoro") announces that, in a decision dated 29 January 2019 (the "French Court Decision"), the Paris Court of Appeals partially annulled the arbitral award (the "Award") issued in favour of the Company in August 2016 by a tribunal constituted pursuant to the Canada-Venezuela bilateral investment treaty (the "Treaty") and the rules of the Additional Facility of the International Centre for Settlement of Investment Disputes.

Whilst the Paris Court of Appeals upheld the tribunal's finding on the merits that Venezuela is liable for the unlawful expropriation of Rusoro's investments, it annulled the Award's finding on damages. The French Court Decision does not seek to determine the damages that Venezuela must pay to Rusoro for its breach of the Treaty.

Rusoro intends to vigorously pursue all available remedies to reinstate the Award's finding on damages in full or otherwise obtain fair compensation for the unlawful expropriation of its investments in Venezuela, including the appeal of the French Court Decision before the French Supreme Court and (if necessary) the resubmission of the case to arbitration to re-determine the amount of damages owed to Rusoro.

Rusoro confirms that the French Court Decision does not impact Venezuela's obligation to pay Rusoro at least US$100 million as partial payment for the expropriated investments under the Agreement executed between them in October 2018.

ON BEHALF OF THE BOARD
"Andre Agapov"
Andre Agapov, President & CEO

Rusoro Mining Ltd.
Rusoro Mining News
December 18, 2018

Rusoro Mining Provides Update on Initial Payment from Bolivarian Republic of Venezuela

Vancouver, Canada -- Rusoro Mining Ltd. (the "Company" or "Rusoro") would like to provide an update on the status of the initial US$100 million payment from the Bolivarian Republic of Venezuela ("Venezuela"). A portion of the funds were sent by Venezuela and received by a Canadian bank representing Rusoro. The bank refused to advance the funds to Rusoro due to concerns about the US sanctions and the effect facilitating the payment may have on their US subsidiary.

The Company continues to work with the global banking community and is optimistic it will be able to find a satisfactory process to enable the receipt of the US$100 million payment in the near future and also future payments as they become due.

In October 2018, the Company announced the signing of a settlement agreement ("Settlement Agreement") in which Venezuela agreed to pay Rusoro over US$1.28 billion for full release of the arbitral award (the "Award") issued in favor of the Company in August 2016 by a tribunal constituted pursuant to the Additional Facility of the International Centre for Settlement of Investment Disputes and to acquire the Company's mining data.

ON BEHALF OF THE BOARD

"Gordon Keep"

Gordon Keep, Director

Anyone remember RUSORO MINING?

Also VISTA? And CRYSTALLEX?

I invested in 2 of the three.

This is what was finalized with Rusoro but I do not know if they were actually compensated by Venezuela. If not, the country owes an additional interest payment of $155,000,000

DECISION JULY 18, 2016

For the foregoing reasons, the Tribunal unanimously rules as follows:

1. Declares that any alleged breach of the Treaty committed by Bolivarian
Republic of Venezuela and based on the 2009 Measures is time-barred.

2. Declares that the Tribunal lacks jurisdiction to adjudicate the counter-claim submitted by the Bolivarian Republic of Venezuela.

3. Declares that the Bolivarian Republic of Venezuela breached Art. VII of the BIT by expropriating Rusoro’s investment in Venezuela without payment of compensation.

4. Declares that the Bolivarian Republic of Venezuela breached paragraph 6 of the Annex to the BIT by issuing the 2010 BCV Resolution and imposing
additional restrictions on the export of gold.

5. Orders the Bolivarian Republic of Venezuela to pay Rusoro
USD 966,500,000 as compensation for the expropriation of its investment.

6. Orders the Bolivarian Republic of Venezuela to pay Rusoro USD 1,277,002 as damages suffered as a consequence of the breach of paragraph 6 of the Annex to the BIT.

7. Orders the Bolivarian Republic of Venezuela to pay Rusoro interest on the amounts of compensation and damages awarded in the two preceding
paragraphs, accrued between 16 September 2011 and the date of actual
payment, calculated at an interest rate p.a. equal to USD LIBOR for one year deposits, plus a margin of 4%, with a minimum of 4% p.a., to be compounded
annually.

8. Orders the Bolivarian Republic of Venezuela to pay Rusoro USD 3,302,500 as costs of this arbitration.

9. Declares that the compensation, damages and interest granted in this Award are net of any taxes imposed by the Bolivarian Republic and orders the Bolivarian Republic to indemnify Rusoro with respect to any Venezuelan taxes imposed on such amounts.

10. Dismisses all other claims or counter-claims.

Russia's Rosneft Plans to Sell All Assets Related to Venezuela

Date : 03/28/2020
Source : Dow Jones News

MOSCOW -- In an unexpected move, Russian state oil giant Rosneft announced that it would halt all activities in Venezuela and sell all its assets related to activities in the country.

"Today, Rosneft entered into an agreement with a company 100% owned by the Government of the Russian Federation on the sale of shares and termination of its participation in all projects in Venezuela, including shares in the production enterprises of Petromonagas, Petroperija, Boqueron, Petromiranda and Petrovictoria, in oil-service enterprises and trading operations," the company said Saturday in a statement posted on its website.

Based on the agreement, all of Rosneft's assets and trading operations in and related to Venezuela would be sold, closed or liquidated, the company said.

Once the transaction is concluded, Rosneft would receive a package of its own shares in the amount of 9.6% as a settlement payment, the company added.

The Russian government confirmed that it had acquired assets from Rosneft, the official state news agency RIA Novosti reported.

The announcement comes less than three weeks after the Trump administration added a subsidiary of Rosneft, Geneva-based TNK Trading International SA, or TTI, to its financial blacklist for allegedly helping Venezuela sell its oil in violation of U.S. sanctions. That embargo followed Washington's decision in February to sanction Swiss-registered Rosneft Trading SA, warning that anyone caught doing business with Rosneft's subsidiary risks being sanctioned by the U.S.

The Obama administration first imposed sanctions on Rosneft and a slate of Russian businesses and officials in 2014 to put pressure on President Vladimir Putin and Ukrainian separatists to cease their military activity in eastern Ukraine, where a slow-burning conflict was triggered following Moscow's 2014 annexation of the Crimean Peninsula that was controlled by Kyiv.

The Trump administration has since been trying to curb the revenue from oil, gold and other sanctioned sectors that have been helping to keep Venezuelan President Nicolás Maduro in power. Mr. Putin vowed to back Mr. Maduro, a longtime ally, after Venezuelan parliament speaker Juan Guaidó declared himself interim president in January last year, drawing support from several Latin American countries and the U.S.

Relations between Moscow and Caracas date to 1857, when Russia recognized Venezuela's independence. Venezuela recognized Russia as the Soviet Union's successor in 1991 and five years later the two countries signed a treaty of friendship and cooperation.

In recent years, the two nations undertook joint trade and economic investment projects, mainly involving the development of oil-and-gas fields.

Rosnetft and state-owned Petróleos de Venezuela are implementing five oil projects in Venezuela with a total production of 9 million tons a year -- 7% of the country's total production, state-controlled news agency TASS reported last year. The fate of these projects were unclear following Saturday's announcement.

It also creates a partnership between the parties that will assess the current status of Rusoro's former gold projects and consider options of restarting production at two mines. A decision of the future of those assets will be made by the end of January, the company said.

it is setting itself up for big run , new government bodes well too.

Posted by Rocketred...

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=144344129

Rusoro promised Venezuela will cough up $1.28B (U.S.)

2018-10-19 17:48 ET - News Release
Shares issued 544,770,623
RML Close 2018-10-19 C$ 0.29


Mr. Gordon Keep reports

RUSORO MINING EXECUTES SETTLEMENT AGREEMENT WITH BOLIVARIAN REPUBLIC OF VENEZUELA

Rusoro Mining Ltd. has executed a settlement agreement with the Bolivarian Republic of Venezuela by which Venezuela agrees to pay Rusoro over $1.28-billion (U.S.) to acquire the company's mining data and for full release of the arbitral award issued in favour of the company in August, 2016, by a tribunal constituted pursuant to the Additional Facility of the International Centre for Settlement of Investment Disputes.

The settlement agreement includes, among other terms:

•Venezuela has agreed to pay the company an initial payment of $100-million (U.S.) in November, 2018. Upon completion of that initial payment, the company will suspend the legal enforcement of the award and deliver the company's mining data to Venezuela.


• Venezuela has agreed to pay the balance of the amounts due under the settlement agreement in monthly instalments over five years, starting in January, 2019.


• Upon the final and full payment of the settlement agreement, the company will cease all legal activities related to the collection of the award.


• The company may resume the legal enforcement of the award if any payment due under the settlement agreement is not received by the company within the periods provided in the settlement agreement. The company may also terminate the settlement agreement in certain scenarios if Venezuela defaults on its obligations.


• Venezuela retains the right to continue the proceedings to set aside the award at the seat of the arbitration in Paris. If the award were set aside, Rusoro will retain any payments made until that date as consideration for the termination of its mining rights and acquisition of its mining data.


•In addition, the parties will constitute a mixed commission to evaluate the status of Rusoro's former projects and determine if the parties should proceed with a joint venture.


"The signing of this agreement represents a significant milestone in our continued relationship with Venezuela and we are excited for the company and its shareholders to begin this new chapter," commented Vladimir Agapov, chairman of Rusoro.

I think I would rather be paid in sea shells than Venezuelan bonds.

If they got the money in actual cash US dollars it would be north of $1....... but this is Venezuela. They may pay in heavily discounted bonds.

Gold Reserve Inc., a mining company incorporated in Canada and headquartered in Spokane, Wash., said in a statement that it had received Venezuelan government bonds with an estimated market value of around $88.5 million. The payment was made as part of a settlement agreement that calls for the Venezuelan government to pay it around $1 billion related to a mining project in the country.

any idea what the stock should be worth on this news?

Big news. Venezuela offered a $1.2 billion settlement.

shouldn't this be a buck after the verdict news?

President Nicolas Maduro said on Tuesday that Venezuela had signed $4.5 billion
in mining deals for investment in the South American country's southern mineral belt, but did not say who the
deals were with or for what projects.

Maduro said he expected $20 billion in mining investment contracts to be
signed in coming days. (Reporting by Diego Ore; Editing by Sandra Maler)

Rusoro says awarded $1.2 billion over Venezuelan seizure of gold assetsReuters(Tue 1:04PM EDT)

$ RMLFF :$20 billion in mining investment contracts ....
Maduro says Venezuela signs $4.5 bln mining deals, gives no details

Canadian miner Rusoro awarded over $1 bln

Canadian miner Rusoro awarded over $1 bln in Venezuela lawsuitReuters(Tue 9:31AM EDT)

Rusoro says awarded $1.2 billion over Venezuelan seizure of gold assetsReuters(Tue 1:04PM EDT)

Maduro says Venezuela signs $4.5 bln mining deals, gives no details

https://investorshub.advfn.com/boards/post_new.aspx?board_id=19752

$ RMLFF :$20 billion in mining investment contracts ....
Maduro says Venezuela signs $4.5 bln mining deals, gives no details


CARACAS Aug 16 (Reuters) - President Nicolas Maduro said on Tuesday that Venezuela had signed $4.5 billion in mining deals for investment in the South American country's southern mineral belt, but did not say who the deals were with or for what projects.

Maduro said he expected $20 billion in mining investment contracts to be signed in coming days. (Reporting by Diego Ore; Editing by Sandra Maler)

http://af.reuters.com/article/commoditiesNews/idAFC2N13F009

$RMLFF recent news/filings

bullish 0.0382

## source: finance.yahoo.com

no recent news found
*********************************************************

$RMLFF charts

basic chart ## source: stockcharts.com



basic chart ## source: stockscores.com



big daily chart ## source: stockcharts.com



big weekly chart ## source: stockcharts.com



$RMLFF company information

## source: otcmarkets.com

Link: http://www.otcmarkets.com/stock/RMLFF/company-info
Ticker: $RMLFF
OTC Market Place: OTC Pink Current
CIK code: not found
Company name: Rusoro Mining Ltd.
Company website: http://www.rusoro.com
Incorporated In: British Columbia, Canada

Business Description: Rusoro Mining is a gold producer and explorer, with a large land position in the prolific Bolivar State mining region in southern Venezuela.

$RMLFF share structure

## source: otcmarkets.com

Market Value: $20,250,607 a/o Dec 15, 2015
Shares Outstanding: 530,120,600 a/o Dec 31, 2012
Float: Not Available
Authorized Shares: Not Available
Par Value: No Par Value

$RMLFF extra dd links

Company name: Rusoro Mining Ltd.
Company website: http://www.rusoro.com

## STOCK DETAILS ##
After Hours Quote (nasdaq.com): http://www.nasdaq.com/symbol/RMLFF/after-hours
Option Chain (nasdaq.com): http://www.nasdaq.com/symbol/RMLFF/option-chain
Historical Prices (yahoo.com): http://finance.yahoo.com/q/hp?s=RMLFF+Historical+Prices
Company Profile (yahoo.com): http://finance.yahoo.com/q/pr?s=RMLFF+Profile
Industry (yahoo.com): http://finance.yahoo.com/q/in?s=RMLFF+Industry

## COMPANY NEWS ##
Market Stream (nasdaq.com): http://www.nasdaq.com/symbol/RMLFF/stream
Latest news (otcmarkets.com): http://www.otcmarkets.com/stock/RMLFF/news - http://finance.yahoo.com/q/h?s=RMLFF+Headlines

## STOCK ANALYSIS ##
Analyst Research (nasdaq.com): http://www.nasdaq.com/symbol/RMLFF/analyst-research
Guru Analysis (nasdaq.com): http://www.nasdaq.com/symbol/RMLFF/guru-analysis
Stock Report (nasdaq.com): http://www.nasdaq.com/symbol/RMLFF/stock-report
Competitors (nasdaq.com): http://www.nasdaq.com/symbol/RMLFF/competitors
Stock Consultant (nasdaq.com): http://www.nasdaq.com/symbol/RMLFF/stock-consultant
Stock Comparison (nasdaq.com): http://www.nasdaq.com/symbol/RMLFF/stock-comparison
Investopedia (investopedia.com): http://www.investopedia.com/markets/stocks/RMLFF/?wa=0
Research Reports (otcmarkets.com): http://www.otcmarkets.com/stock/RMLFF/research
Basic Tech. Analysis (yahoo.com): http://finance.yahoo.com/q/ta?s=RMLFF+Basic+Tech.+Analysis
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DTCC (dtcc.com): http://search2.dtcc.com/?q=Rusoro+Mining+Ltd.&x=10&y=8&sp_p=all&sp_f=ISO-8859-1
Spoke company information (spoke.com): http://www.spoke.com/search?utf8=%E2%9C%93&q=Rusoro+Mining+Ltd.
Corporation WIKI (corporationwiki.com): http://www.corporationwiki.com/search/results?term=Rusoro+Mining+Ltd.&x=0&y=0
WHOIS (domaintools.com): http://whois.domaintools.com/http://www.rusoro.com
Alexa (alexa.com): http://www.alexa.com/siteinfo/http://www.rusoro.com#
Corporate website internet archive (archive.org): http://web.archive.org/web/*/http://www.rusoro.com

## FUNDAMENTALS ##
Call Transcripts (nasdaq.com): http://www.nasdaq.com/symbol/RMLFF/call-transcripts
Annual Report (companyspotlight.com): http://www.companyspotlight.com/library/companies/keyword/RMLFF
Income Statement (nasdaq.com): http://www.nasdaq.com/symbol/RMLFF/financials?query=income-statement
Revenue/EPS (nasdaq.com): http://www.nasdaq.com/symbol/RMLFF/revenue-eps
SEC Filings (nasdaq.com): http://www.nasdaq.com/symbol/RMLFF/sec-filings
Latest filings (otcmarkets.com): http://www.otcmarkets.com/stock/RMLFF/filings
Latest financials (otcmarkets.com): http://www.otcmarkets.com/stock/RMLFF/financials
Short Interest (nasdaq.com): http://www.nasdaq.com/symbol/RMLFF/short-interest
Dividend History (nasdaq.com): http://www.nasdaq.com/symbol/RMLFF/dividend-history
RegSho (regsho.com): http://www.regsho.com/tools/symbol_stats.php?sym=RMLFF&search=search
OTC Short Report (otcshortreport.com): http://otcshortreport.com/index.php?index=RMLFF
Short Sales (otcmarkets.com): http://www.otcmarkets.com/stock/RMLFF/short-sales
Key Statistics (yahoo.com): http://finance.yahoo.com/q/ks?s=RMLFF+Key+Statistics
Insider Roster (yahoo.com): http://finance.yahoo.com/q/ir?s=RMLFF+Insider+Roster
Income Statement (yahoo.com): http://finance.yahoo.com/q/is?s=RMLFF
Balance Sheet (yahoo.com): http://finance.yahoo.com/q/bs?s=RMLFF
Cash Flow (yahoo.com): http://finance.yahoo.com/q/cf?s=RMLFF+Cash+Flow&annual

## HOLDINGS ##
Major holdings (cnbc.com): http://data.cnbc.com/quotes/RMLFF/tab/8.1
Insider transactions (yahoo.com): http://finance.yahoo.com/q/it?s=RMLFF+Insider+Transactions
Insider transactions (secform4.com): http://www.secform4.com/insider-trading/RMLFF.htm
Insider transactions (insidercrow.com): http://www.insidercow.com/history/company.jsp?company=RMLFF
Ownership Summary (nasdaq.com): http://www.nasdaq.com/symbol/RMLFF/ownership-summary
Institutional Holdings (nasdaq.com): http://www.nasdaq.com/symbol/RMLFF/institutional-holdings
Insiders (SEC Form 4) (nasdaq.com): http://www.nasdaq.com/symbol/RMLFF/insider-trades
Insider Disclosure (otcmarkets.com): http://www.otcmarkets.com/stock/RMLFF/insider-transactions

## SOCIAL MEDIA AND OTHER VARIOUS SOURCES ##
PST (pennystocktweets.com): http://www.pennystocktweets.com/stocks/profile/RMLFF
Market Watch (marketwatch.com): http://www.marketwatch.com/investing/stock/RMLFF
Bloomberg (bloomberg.com): http://www.bloomberg.com/quote/RMLFF:US
Morningstar (morningstar.com): http://quotes.morningstar.com/stock/s?t=RMLFF
Bussinessweek (businessweek.com): http://investing.businessweek.com/research/stocks/snapshot/snapshot_article.asp?ticker=RMLFF



$RMLFF DD Notes ~ http://www.ddnotesmaker.com/RMLFF

RMLFF is smells like a winner

RMLFF Is smells like a winner

With Chavez health failing maybe our lawsuit will move ahead to get our mine back or reparation.

b4

http://www.reuters.com/article/2012/12/31/us-venezuela-chavez-idUSBRE8BU00K20121231

Rusoro is getting some traction. That's nice to see.

b4

News from the company this year:

(this is a clear example of needing to know if your investments include working in a mining friendly jurisdiction... Venezuela is not in that category...)

http://www.rusoro.com/s/News_Releases.asp

This may be a buy point...

Tomorrow could be ugly... be careful out there.

Rusoro Mining Reports on its Loan Repayment Status
(via company e-mail)

June 14, 2011 Trading Symbol (TSX-V): RML

Vancouver, Canada - Rusoro Mining Ltd. ("Rusoro") announces that it has not performed the repayment of its Senior Secured Exchangeable Loan of US$30 million Principal due on June 10, 2011 (The “Loan”) and related interest of US$750 thousand.

The syndicate of lenders includes Petropavlovsk PLC (The “Agent”), Lansdowne U.K. Equity Fund Limited, Lansdowne U.K. Equity Fund L.P., Lansdowne U.K. Strategic Investment Master Fund Limited, Endeavour Financial Corporation, and BlackRock Natural Resources Hedge Fund Limited.

The Loan is secured by share pledges over the Company’s principal assets including the Choco Mine and the San Rafael El Placer and Increible 6 mineral properties but excludes the Isidora Mine.

Rusoro is currently holding discussions with the Agent for the granting of an extension to the Loan repayment period for a sufficient amount of time to allow Rusoro to complete financing options that it is currently evaluating to fund the retirement of the Loan and general corporate purposes.

ON BEHALF OF THE BOARD


“Andre Agapov”

Andre Agapov, President & CEO

For the week: -18.52%

-9.09% is the scorecard for the week...

I have no position in this stock, and no plans to initiate any positions within the next 72 hours.

Cheers!

??? ?????

Looks like a year long c&h forming...