Rusoro Mining Ltd.
Rusoro Mining Ltd.

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Rusoro Mining Ltd. Rusoro Mining Ltd.

Rusoro Mining News


 March 05, 2007
Acquisition Closes

 Vancouver, Canada, March 5, 2007: Rusoro Mining Ltd. ("Rusoro") and Mena Resources Inc. ("Mena") are pleased to announce that Rusoro's acquisition of all of the issued and outstanding securities of Mena has now closed and, all release conditions having been satisfied and the Subscription Receipts exercised, the net proceeds of $67,750,810 plus accrued interest from Mena's private placement of Subscription Receipts have been released from escrow and paid to Mena. As consideration for the acquisition of all of the common shares of Mena, Rusoro has issued 31,424,255 common shares. Rusoro now has 142,855,106 common shares issued and outstanding. Mena is now a wholly-owned subsidiary of Rusoro and Mena's shares will be de-listed from the TSX Venture Exchange at the close of trading on March 6, 2007.

ON BEHALF OF THE BOARD
OF MENA RESOURCES INC.

"Simon Ridgway"
Simon Ridgway
Director

ON BEHALF OF THE BOARD
OF RUSORO MINING LTD.

"Mario Szotlender"
Mario Szotlender
President

For further information, please contact:

Tel: 604-682-1545
Fax: 604-682-1514
Toll Free: 1-800-668-0091

Email: info@rusoro.com
Website: www.rusoro.com

Email: info@menaresources.com
Website: www.menaresources.com

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

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