Mr. Andre Agapov reports

RUSORO ANNOUNCES FILING NON-BINDING INDICATION OF INTEREST PURSUANT TO CITGO BIDDING PROCEDURES

Rusoro Mining Ltd. has submitted a non-binding indication of interest pursuant to the CITGO bidding procedures attached as Exhibit 1 to Exhibit A (sixth revised proposed sale procedures order) of the joint status report filed as of Oct. 4, 2022, with the United States District Court for the District of Delaware in Crystallex International Corp. versus Bolivarian Republic of Venezuela, D. Del. C.A. No. 1:17-mc-00151-LPS. The non-binding indication of interest is not binding and is revocable, and does not require the company to take any further actions or to submit any final bid. Prior to submitting a final bid, if at all, the company shall, among other things, obtain all necessary and advisable consents and approvals of its stakeholders.

Andre Agapov, chief executive officer, states, "This is one more step in our process to realize on the value of our arbitration award and we look forward to the process continuing as planned."

We seek Safe Harbor.