Rusoro Mining Ltd.

                                     Suite 2164 – 1055 Dunsmuir Street, Four Bentall Centre

                                                          Vancouver, BC V7X 1B1

                                              Tel:  604-632-4044    Fax:  604-632-4045

             RUSORO DRILLS 37m of 9.34g/t Au AT INCREIBLE 6

                           ALL MAIN GOLD ZONES EXPANDED

November 15, 2007                                                                            Trading symbol (TSX-V): RML

Vancouver, Canada – Rusoro Mining Ltd. is pleased to give an update on its progress at the Increible 6

project in Bolivar State, Venezuela.  Highlights include:

·         Ongoing drilling continues to extend all of the main mineralized zones with the infill program

      continuing to confirm the continuity of their mineralization.   There are >10,000 samples still at

      the lab from 2007 drilling for which results will be released as they become available.

·         An updated NI 43-101 estimate final report for the Increible 6 Project is currently being completed

      by Micon International and will be filed before November 25^th, 2007.

·         The updated grade and tonnage numbers which show a significant increase in the NI 43-101

      compliant gold resources at the Increible 6 were released October 11^th, 2007 and are outline below. 

      The cut off date for results to be included in this current estimate was June 11^th, 2007.

·         In relation to the previous resource estimate which was prepared by Roscoe Postle Associates (RPA)

      in July of 2006 the Indicated resource estimate tonnes have increased by 398% from 4.71Mt to 23.45Mt,

      the grade has decreased 26% from 2.86g/t to 2.11 g/t with an increase in contained ounces of 266% from

      434k to 1.59M ounces.  The inferred resource has increased 88% in tonnes from 9.31Mt to 17.53Mt,

      decreased 24% in grade to 1.95 g/t from 2.56 g/t and increased by 44% in contained ounces from

      756k ozs to 1.10M ozs.

Estimation parameters for updated 43-101 report by Micon International:

1. Resources are NI 43-101 compliant and follow the definitions for inferred and indicated resource established by the CIM.

2. Interpretation and modeling completed on 25 metres spaced cross sections and 20 metres spaced leveel plans using Gemcom software.

3. Grade was interpolated using an inverse distance squared computation on two metre composites created using capped assays

4. Cut off used of 0.5 g/t with SG values of 2.0 for saprolite and 2.7 for hardrock.

5. Numbers may not add due to rounding.

Data acquisition and interpretation was completed under the direction of Gregory F. Smith, PGeo V.P. of Exploration

for Rusoro.  Resource estimation, using Gemcom software, was completed by independent consultant John Zbeetnoff P.Geo. 

A 43-101 compliant report is being prepared by John Zbeetnoff P.Geo., and Dave Laudrum P.Geo., of Micon International Ltd.,

and will be filed before November 25^th.

The 2007 drilling campaign at Increible 6 has focused on using diamond drills to test the main zones (Culebra, Elisa, Olga and

Cristina), on a 50m x 50m grid pattern with the RC rigs being used to complete “in-fill” holes to further reduce the hole spacing

to 25m x 25m.  This spacing will ultimately allow for all existing resources at the main zones to be converted to the Measured

and Indicted categories.  

At Culebra drilling continues to intersect a series of mineralized structures expanding the zone down dip and along strike, with

visible gold being noted in several holes.  Highlights of recent results include:

           NOTES:     1) All thicknesses are core widths / true widths estimated at 80-85%.

                                              2) All weighted averages calculated using uncut assays.

                                              3) Table of all new results included at the end of this news release.

Recent drilling has also been successful in the area between the Elisa and Cristina zones where drilling has intersected similar silicified

breccia mineralization to the two zones with several sections of visible gold encountered at its most shallow depth to date (130m). 

This appears to be the “up-dip” portion of the Footwall Zone and is a very positive discovery, as the location of this zone will likely

have a positive effect on the stripping ratio of the Elisa Zone.  Highlights of these results include:

                              NOTES:  1) All thicknesses are core widths / true widths estimated at 80-85%.

                                                                  2) All weighted averages calculated using uncut assays.

As well, results from the drilling of a series of deeper holes (400 – 600m) at the western end of the Elisa zone, (away from Cristina),

have expanded the western Footwall Zone with several intercepts again containing visible gold.  Highlights of these results include:  

                                  NOTES:  1) All thicknesses are core widths / true widths estimated at 80-85%.

                                                                  2) All weighted averages calculated using uncut assays.

The Company has now completed 107,500 metres of drilling since November 2006, completing its Phase II program on schedule. 

The total number of metres completed on the Project is now over 155,000 in 374 RC holes and 421 diamond drill holes.  A phase III

50,000 metre program commenced in October 2007, keeping two diamond drill rigs on the project into 2008, with additional rigs

available as needed.   

Diamond drilling was conducted by Major Drilling of Moncton, New Brunswick, Canada and Core-Beil Drilling of Puerto Ordaz

Venezuela.  RC drilling was completed by AK Drilling of Peru.  All drilling and drill sampling has been completed using industry

standard practices.  All drill core is described in detail and photographed and one half of the core remains for inspection and reference.

Sample analyses have been conducted at SGS labs of El Dorado and Triad Labs located in El Callao Venezuela with additional check

assays completed at Actlab Facility in Toronto Canada.  All sample analyses was completed using industry standard practices and

standard samples, blanks and duplicate check samples were randomly inserted into the sample stream to ensure quality control.  A review

of the QA/QC results shows no significant bias and all results are considered highly reliable.  Sample rejects for all drill samples are

stored in Rusoro’s secure facilities in Tumeremo, Venezuela, and will continue to be available for any further testing which may be required. 

Qualified Person:  Mr. Gregory Smith, P.Geo, the Vice-President Exploration of the Company, is the Qualified Person as defined by

National Instrument 43-101, and is responsible for the accuracy of this news release.

ON BEHALF OF THE BOARD

    “George Salamis”

George Salamis, President

     The TSX Venture Exchange has not reviewed and does not take responsibility for the adequacy or accuracy of this release.

*A full set of results is attached to this news release posted at the Company’s website.