Rusoro Mining Ltd (RMLFF)

[Pro-Life]

Rusoro Mining Reports on its Loan Repayment Status
(via company e-mail)

June 14, 2011 Trading Symbol (TSX-V): RML

Vancouver, Canada - Rusoro Mining Ltd. ("Rusoro") announces that it has not performed the repayment of its Senior Secured Exchangeable Loan of US$30 million Principal due on June 10, 2011 (The “Loan”) and related interest of US$750 thousand.

The syndicate of lenders includes Petropavlovsk PLC (The “Agent”), Lansdowne U.K. Equity Fund Limited, Lansdowne U.K. Equity Fund L.P., Lansdowne U.K. Strategic Investment Master Fund Limited, Endeavour Financial Corporation, and BlackRock Natural Resources Hedge Fund Limited.

The Loan is secured by share pledges over the Company’s principal assets including the Choco Mine and the San Rafael El Placer and Increible 6 mineral properties but excludes the Isidora Mine.

Rusoro is currently holding discussions with the Agent for the granting of an extension to the Loan repayment period for a sufficient amount of time to allow Rusoro to complete financing options that it is currently evaluating to fund the retirement of the Loan and general corporate purposes.

ON BEHALF OF THE BOARD


“Andre Agapov”

Andre Agapov, President & CEO