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Rusoro Mining Ltd. ("Rusoro" or the "Company") (TSX VENTURE:RML) reports that Interim Chief Financial Officer Gary Warnecke will be stepping down and that the Company will immediately promote current Vice President of Finance, Matias Herrero, to the position of Chief Financial Officer as part of an organized and planned transition. As the Vice President of Finance over the last two years Mr. Herrero has played a significant role in the implementation of the overall accounting policies of the Company as Rusoro transitioned to a gold producer and has overseen all of Rusoro's finance related matters in Canada and Venezuela since early 2008. Mr. Warnecke will continue to provide ongoing support to the Finance team and will remain as a consultant with Rusoro until April 30, 2010.

Before joining Rusoro as a Vice President of Finance in 2008, Mr. Herrero served as the Chief Financial Officer for TSX.V listed Helio Resource Corp., Corporate Controller for TSX listed Pacific Rubiales Energy Corp. and as audit manager with PricewaterhouseCoopers ("PwC") in Vancouver. At PwC he developed a strong financial background in the mining industry working in PwC's mining division specifically with Canadian mining companies operating in Latin America. Mr. Herrero is a US CPA, fluent in Spanish and English and his very strong compliance and financial reporting background together with his hands on experience and intimate knowledge of the Company will ensure a smooth transition and bode well for Rusoro's Venezuelan and Canadian Finance departments moving forward.

On behalf of the board, I would like to thank Mr. Warnecke for leading Rusoro's Finance team over the last two years and the Company wishes him well in his future endeavors.

ON BEHALF OF THE BOARD OF RUSORO MINING LTD.

George Salamis, President