Rusoro Mining Ltd.
Rusoro Mining Ltd.

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Rusoro Mining Ltd. Rusoro Mining Ltd.

Rusoro Mining News

 November 28, 2006
Rusoro Mining To Acquire Mena Resources & 100% Of Venezuela Projects

 Vancouver, Canada -- Rusoro Mining Ltd. ("Rusoro") and Mena Resources Inc. ("Mena") are pleased to announce that Rusoro will acquire (the "Acquisition") all of the issued and outstanding securities of Mena. The shares of both companies are listed on the TSX Venture Exchange.

The companies currently hold jointly the Increible 6 and Valle Hondo Projects in Venezuela (Rusoro 76%; Mena 24%). As a result of the Acquisition, Rusoro will own 100% of these projects as well as 100% in Mena's Trinidad and Zulo projects in Venezuela, thus strengthening its position in its main region of focus. Mena also has mineral properties in North, Central and South America, including the Minoro Project in Honduras; the Vaquillas Project in Chile, a portion of which is optioned to Teck Cominco, and the Mike Lake Project in Yukon, Canada which is optioned to Dynamite Resources Ltd.

Mena has 21,129,134 shares outstanding, and Rusoro will issue to the Mena shareholders one share of Rusoro for every 1.7 Mena shares held, resulting in the issuance by Rusoro of approximately 12,428,902 shares. All outstanding options and warrants in Mena will be converted to options and warrants to purchase Rusoro shares, at the same ratio.

The Acquisition is subject to regulatory and other approvals on behalf of both companies. There will be no change of control or management of Rusoro.

The completion of the Acquisition will result in a stronger single company in terms of gold ounces and advanced projects comprising a significant position in the major mining districts in Bolivar State, Venezuela. Rusoro will have NI43-101 resources which total 1.03 million ounces indicated oz Au (9.1 million tonnes @ 3.5 g/t Au) and 3.02 million inferred oz Au (59.0 million tonnes @ 1.6 g/t Au) (see Rusoro news release dated November 9, 2006 for details). The combining of the assets and the expertise of Rusoro's management both in Venezuela and in the financial markets will be of significant benefit to the shareholders of both companies.

"Mario Szotlender"
Mario Szotlender, President

"Simon Ridgway"
Simon Ridgway, Director


Tel: 604-682-1545
Fax: 604-682-1514
Toll Free: 1-800-668-0091
830 -- 355 Burrard Street
Vancouver, BC V6C 2G8



The TSX Venture Exchange has not reviewed and does not take responsibility for the adequacy or accuracy of this release.

You can view the Next News Releases item: Wed Jan 31, 2007, Financing Of Up To $75 Million Arranged / Acquisition Circular Mailed

You can view the Previous News Releases item: Fri Nov 24, 2006, Exploration And Development Update

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