Rusoro Offer for Gold Reserve Expires

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Crystallex International Corporation is a Canadian-based gold company with a successful record of developing and operating gold mines in Venezuela and elsewhere in South America

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Rusoro Offer for Gold Reserve Expires

posted on Feb 18, 2009 01:25PM

all five shareholders will have their shares back

Rusoro Offer for Gold Reserve Expires

ccnm

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 18, 2009) - Rusoro Mining Ltd. (TSX VENTURE:RML) ("Rusoro" or the "Company") announced that its offer to purchase all of the common shares of Gold Reserve Inc. (TSX:GRZ)(NYSE Alternext US:GRZ) expired today and, because the conditions to its offer were not met, Rusoro will not take up any securities deposited under the offer. All deposited securities will be returned to security holders.

About Rusoro

Rusoro is a junior gold producer with a large land position in the prolific Bolivar State region of Venezuela. The Company operates the Choco 10 and Isidora mines, processing the ore through the Choco 10 mill facility near the town of El Callao.

ON BEHALF OF THE BOARD

George Salamis, President

FOR FURTHER INFORMATION PLEASE CONTACT:

Rusoro Mining Ltd.
George Salamis
President
(604) 632-4044 or Toll Free: 1-800-668-0091

Email: gsalamis@rusoro.com

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