Trading Symbol: (TSX-V):RML
VANCOUVER, March 14 /CNW/ - As a result of a review by the British Columbia Securities Commission ("BCSC"), Rusoro Mining Ltd. ("Rusoro") is issuing the following press release to clarify its disclosure. The BCSC's program of continuous disclosure review is intended to assist companies with improving the quality of disclosure to shareholders and other investors. Rusoro is re-filing its Business Acquisition Report (the "BAR") relating to the indirect acquisition of the Venezuelan mining assets of GF Netherlands Services B.V. The reason for the re-filing is to amend the pro forma financial statements included with the BAR. The amount of U.S.$590,266,000 previously reflected as unallocated purchase price has been reallocated as follows: U.S.$894,342,000 to mineral properties and U.S.$304,076,000 to future income tax liabilities.
ON BEHALF OF THE BOARD
OF RUSORO MINING LTD.
"George Salamis"
George Salamis, President
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of the contents of this press
release, which has been prepared by management.