Rusoro Mining News
| ||April 30, 2010|
Rusoro Announces Management Change
Vancouver, Canada -- Rusoro Mining Ltd. informs that George Salamis will be resigning from his position as President of the Company on May 30th, 2010, however, he will continue to provide consulting services to the Company on an on-going basis, specifically with respect to the further development and expansion of the Choco 10 Mine and Mill, where Rusoro is currently producing gold. Mr Salamis has been acting President of Rusoro since 2007. Mr. Andre Agapov will assume the dual role of President and CEO.
Mr. Agapov commented: "Over the last three years, George has made a strong contribution to the team through a key period of growth in the Company from junior gold explorer to junior gold producer. He has had significant input in our M&A transactions to date which have focused on consolidating the Venezuelan gold mining sector. On behalf of the Board, I'd like to thank him for his contributions and look forward to his continued participation as a consultant for the Choco 10 expansion project".
ON BEHALF OF THE BOARD OF RUSORO MINING LTD.
(signed) "Andre Agapov"
Tel: 604-632-4044 Fax: 604-682-1514
Toll Free: 1-800-668-0091
Symbol: TSX-V: RML Email: email@example.com
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the contents of this press release, which has been prepared by management.
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.
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