Vista Gold Corp (VGZ)

[JohnCM]

Rusoro is still hanging around!!

News Releases
Rusoro Mining Ltd.
Rusoro Mining News
March 04, 2020

Rusoro Announces Share Purchases by CEO

Vancouver, Canada - Rusoro Mining Ltd. (the "Company" or "Rusoro") announces that it has been advised that Andre Agapov, President and CEO of the Company, has acquired shares of Rusoro in the public market. Following the acquisition of 1,929,000 common shares of Rusoro, Mr. Agapov holds an aggregate of 87,066,167 common shares representing 15.98% of the issued and outstanding shares of the Company.

Mr. Agapov would hold 102,266,167 common shares, which represents 18.26% on a partially diluted basis assuming the exercise of his 15,200,000 stock options.

Mr. Agapov acquired these securities for investment purposes and may in the future acquire or dispose of securities of the Company, through the market, privately or otherwise, as circumstances or market conditions warrant. An early warning report will be filed by Mr. Agapov in accordance with applicable securities laws.

ON BEHALF OF THE BOARD

"Andre Agapov"

Andre Agapov, President & CEO

Rusoro Mining Ltd.
Rusoro Mining News

January 30, 2019
Paris Court of Appeals Decision on Award

Vancouver, Canada -- Rusoro Mining Ltd. (the "Company" or "Rusoro") announces that, in a decision dated 29 January 2019 (the "French Court Decision"), the Paris Court of Appeals partially annulled the arbitral award (the "Award") issued in favour of the Company in August 2016 by a tribunal constituted pursuant to the Canada-Venezuela bilateral investment treaty (the "Treaty") and the rules of the Additional Facility of the International Centre for Settlement of Investment Disputes.

Whilst the Paris Court of Appeals upheld the tribunal's finding on the merits that Venezuela is liable for the unlawful expropriation of Rusoro's investments, it annulled the Award's finding on damages. The French Court Decision does not seek to determine the damages that Venezuela must pay to Rusoro for its breach of the Treaty.

Rusoro intends to vigorously pursue all available remedies to reinstate the Award's finding on damages in full or otherwise obtain fair compensation for the unlawful expropriation of its investments in Venezuela, including the appeal of the French Court Decision before the French Supreme Court and (if necessary) the resubmission of the case to arbitration to re-determine the amount of damages owed to Rusoro.

Rusoro confirms that the French Court Decision does not impact Venezuela's obligation to pay Rusoro at least US$100 million as partial payment for the expropriated investments under the Agreement executed between them in October 2018.

ON BEHALF OF THE BOARD
"Andre Agapov"
Andre Agapov, President & CEO

Rusoro Mining Ltd.
Rusoro Mining News
December 18, 2018

Rusoro Mining Provides Update on Initial Payment from Bolivarian Republic of Venezuela

Vancouver, Canada -- Rusoro Mining Ltd. (the "Company" or "Rusoro") would like to provide an update on the status of the initial US$100 million payment from the Bolivarian Republic of Venezuela ("Venezuela"). A portion of the funds were sent by Venezuela and received by a Canadian bank representing Rusoro. The bank refused to advance the funds to Rusoro due to concerns about the US sanctions and the effect facilitating the payment may have on their US subsidiary.

The Company continues to work with the global banking community and is optimistic it will be able to find a satisfactory process to enable the receipt of the US$100 million payment in the near future and also future payments as they become due.

In October 2018, the Company announced the signing of a settlement agreement ("Settlement Agreement") in which Venezuela agreed to pay Rusoro over US$1.28 billion for full release of the arbitral award (the "Award") issued in favor of the Company in August 2016 by a tribunal constituted pursuant to the Additional Facility of the International Centre for Settlement of Investment Disputes and to acquire the Company's mining data.

ON BEHALF OF THE BOARD

"Gordon Keep"

Gordon Keep, Director