Rusoro Mining Ltd.
Rusoro Mining Ltd.

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Rusoro Mining Ltd. Rusoro Mining Ltd.

Rusoro Mining News

 February 18, 2009
Rusoro Offer For Gold Reserve Expires

 Vancouver, Canada -- Rusoro Mining Ltd. (TSX-V:RML) ("Rusoro" or the "Company") announced that its offer to purchase all of the common shares of Gold Reserve Inc. (TSX, NYSE-Alt: GRZ) expired today and, because the conditions to its offer were not met, Rusoro will not take up any securities deposited under the offer. All deposited securities will be returned to security holders.

About Rusoro

Rusoro is a junior gold producer with a large land position in the prolific Bolivar State region of Venezuela. The Company operates the Choco 10 and Isidora mines, processing the ore through the Choco 10 mill facility near the town of El Callao.


"George Salamis"


For further information, please contact:

George Salamis, President
Tel: +1 604 632 4044

Ross Gatensbury, Investor Relations
Tel: +1 604 632 4044

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: Mon Feb 23, 2009, Rusoro Reports Record Gold Production and Cash Costs for January 2009

You can view the Previous News Releases item: Tue Feb 10, 2009, Rusoro Withdraws Offer For Gold Reserve

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