Rusoro Mining Ltd.
Rusoro Mining Ltd.

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Rusoro Mining Ltd. Rusoro Mining Ltd.

Rusoro Mining News

 March 19, 2009
Rusoro Mining Ltd. Closes Equity Financing

 Rusoro Mining Ltd. (TSXV:RML) ("Rusoro" or the "Company") announces that it has closed its previously announced overnight marketed public offering in which Canaccord Capital Corporation acted as lead underwriter to a syndicate including GMP Securities L.P. (the "Underwriters").

At the discretion of the Company and the Underwriters, the gross proceeds of the financing have been reduced from the amount previously stated in the Prospectus, to a total of $80,000,400 through the offering of 133,334,000 common shares at a price of C$0.60 per share (the "Offering").

The Company intends to use the net proceeds from the Offering for capital expenditures on its Venezuelan gold properties and for general corporate purposes.

For further information, please contact:

George Salamis, President

Tel: 604-632-4044 Fax: 604-632-4045
Symbol: TSX-V: RML Email:

This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any state of the United States in which such offer, solicitation or sale would be unlawful. The securities have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy and accuracy of the content of this news release.

Cautionary Note Regarding Forward-Looking Statements

Except for the statements of historical fact contained herein, the information presented constitutes "forward looking statements". Such forward-looking statements, including but not limited to those with respect to the closing of the offering, involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Rusoro to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among other risks, risks related to the closing of the offering, as well as those factors discussed in the section entitled " Risk Factors" in Rusoro's Annual Information Form dated December 12, 2008 as filed on SEDAR. Although Rusoro has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.

You can view the Next News Releases item: Tue Apr 28, 2009, Rusoro Mining Ltd. Appoints Chief Operating Officer and VP Corporate Development

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