Mr. Andre Agapov reports

RUSORO MINING LTD. ANNOUNCES ADDITIONAL WARRANT ISSUANCE

Further to Rusoro Mining Ltd.'s news release dated April 4, 2023, announcing the closing of a non-brokered private placement of unsecured, non-interest-bearing promissory notes for an aggregate consideration of $2,055,000 (U.S.), the company has issued an additional 3,132,500 non-transferable share purchase warrants to the note subscribers entitling them to purchase an aggregate of 3,132,500 common shares at a price of 10 U.S. cents per common share on or before April 4, 2028. If the notes are repaid at any time during the term of the warrants, the expiry date of the warrants will be accelerated to a date that is 30 days from the date of repayment. Common shares acquired on exercise of the warrants will be subject to a four-month hold period, expiring on Oct. 8, 2023.

We seek Safe Harbor.