Malcolm Bucholtz B.Sc, MBA Analyst

Trading Note

Rusoro Mining – Time to Take a Closer Look

In a Trading Note issued over a year ago, way back in May 2007, we introduced an up and coming company called Rusoro Mining (TSXv:RML). At the time we noted that we had taken a liking to Rusoro because it had positioned itself very nicely in Venezuela, had a resource in the ground of 4 million ounces of gold and had serious growth potential.

Since this introduction, Rusoro has gone on to transform itself from being a well positioned explorer to being a producer to be reckoned with. Rusoro now has over 13 million ounces of gold resource in the ground. Stop and think about that for a second – 13 million ounces. How many gold producers trading at below $2 a share have 13 million ounces in the ground?

We further pointed out in our initial report that in our opinion, Venezuelan President Hugo Chavez would favour Rusoro Mining because Rusoro understood how to treat people well and how to do good business in Venezuela. To this day, Rusoro continues to co-operate with Government authorities and continues to make every effort to be a good corporate citizen.

Rusoro Reports On Postive Meetings and Tour of Projects with Venezuela Mines Minister

(TSX-V): RML

Vancouver, Canada – Rusoro Mining Ltd., is pleased to report on the positive nature of recent meetings and a subsequent tour of Rusoro's mining projects with Venezuelan Mines Minister, Mr. Rodolfo Sanz.

The Company met with the Mines Minister in Caracas on April 17, 2008, to discuss Rusoro's development and gold production expansion plans in both the El Callao and El Dorado districts of Bolivar State. The discussions focused on sound environmental practices, as well as job creation and a number of social programs and initiatives in which the Company is currently involved. The Mines Minister emerged from the meetings, held with Rusoro's Chairman, CEO and in-country government liaisons, with a more enlightened view of Rusoro and the Company's contributions and commitment to the region over the years.

Listen to our recent interview with Rusoro Mining President George Salamis.

Click here for more information about Rusoro Mining.