Mr. Andre Agapov reports

RUSORO ANNOUNCES GRANT OF STOCK OPTIONS

Subject to regulatory approval, Rusoro Mining Ltd. has granted incentive stock options to certain directors, officers and consultants of the company to acquire an aggregate of 8.55 million common shares in the capital of the company at an exercise price of 22.5 cents per share, in accordance with its 10-per-cent rolling incentive stock option plan. All options are fully vested as at the date of grant and exercisable for a 10-year term, expiring July 5, 2033.

We seek Safe Harbor.