Rusoro Mining Ltd. (TSX VENTURE:RML) ("Rusoro" or "the Company") is pleased to
report that the Company's first offshore gold sale has been completed. The
Company delivered 4,924.2 ounces of gold to Switzerland for its gold buyer on
November 17, 2010 at a spot gold sale price of US$ 1342.5 per ounce less
associated costs and commissions. Rusoro's first gold export in accordance with
the Central Bank of Venezuela ("CBV") permit which became effective on November
1, 2010, authorized the sale of approximately 50% of the gold produced from the
Choco 10 and Isidora mines from August 11, 2010 through September 30, 2010.


Rusoro President and CEO Andre Agapov comments, "This marks the first authorized
and executed gold sale from Venezuela under the new CBV export rules and the
first gold export for Rusoro ever. We are very pleased to have been able to work
through the process with the CBV and reach this significant milestone for the
Company."


The Company expects to have 20,000 ounces of finished gold for October and
November production from the Choco 10 and Isidora mines. Rusoro will begin the
audit and permitting process immediately with the CBV to authorize the sale of
up to 50% of this gold production for a subsequent off-shore gold sale in
December 2010.


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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