Rusoro Mining Ltd., Annual General Meeting, Dec 13, 2012., at 10:00 Pacific Standard Time. Location: 1600 - 609 Granville Street. Agenda: To receive and consider the audited financial statements of the company for the fiscal year ended December 31, 2011 and the auditor's report thereon; to elect directors for the ensuing year and to fix the number of directors for the ensuing year at eight; to re-appoint Grant Thornton LLP, chartered accountants, as the company's auditor for the ensuing year and to authorize the directors to fix the remuneration to be paid to the auditor; to re-approve the Stock Option Plan dated September 10, 2007; and to transact such other business as may properly be transacted at the meeting or at any adjournment thereof.

Rusoro Mining Ltd. announced that it has settled all legal proceedings involving Gold Reserve Inc. Under the settlement, an order will be obtained from the Ontario Superior Court of Justice dismissing the legal action brought by Gold Reserve against Rusoro Mining Ltd., and the counterclaim brought by Rusoro against Gold Reserve. Rusoro has agreed to pay Gold Reserve $250,000, issue Gold Reserve 2,500,000 common shares at a deemed value of $0.10 per share and issue Gold Reserve a conditional promissory note in the amount of $1,000,000. The promissory note will only become due and payable in the event that Rusoro is successful in the litigation it has commenced against the Venezuelan Government seeking compensation for the nationalization of Rusoro's gold assets in Venezuela. The issuance of the common shares is subject to acceptance for filing by the TSXV.

Rusoro Mining Ltd. announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2012. For the quarter, loss from operations was USD 1,840,000 against USD 9,693,000 for the same period a year ago. Loss before income taxes was USD 3,377,000 against USD 10,760,000 for the same period a year ago. Net loss and comprehensive loss attributable to equity shareholders of the company was USD 3,335,000 or USD 0.01 per basic and diluted share against USD 9,717,000 or USD 0.02 per basic and diluted share for the same period a year ago. For the six months, loss from operations was USD 23,150,000 against USD 20,040,000 for the same period a year ago. Loss before income taxes was USD 30,635,000 against USD 20,048,000 for the same period a year ago. Net loss and comprehensive loss attributable to equity shareholders of the company was USD 30,005,000 or USD 0.06 per basic and diluted share against USD 11,002,000 or USD 0.02 per basic and diluted share for the same period a year ago. Revenues were USD 4,926,000 against USD 55,062,000 for the same period a year ago. Cash used in operating activities was USD 434,000 against cash derived from operating activities of USD 12,388,000 for the same period a year ago. Expenditures on mineral properties were USD 13,218,000 against USD 15,448,000 for the same period a year ago.