RUSORO MINING LTD.

                               355 Burrard Street, Suite 830     Vancouver, BC  V6C 2G8

                                            Tel:  604-682-1545    Fax:  604-682-1514

            In-Fill Diamond Drilling Confirms Continuity of

               High Grade Gold Zones at the SREP Project

April 30, 2007                                                                                             Trading Symbol (TSX-V):RML

Vancouver, Canada – The Company is very pleased to report that results for 32 holes of a 40 hole, 10,000 m

diamond drill program at the San Rafael/El Placer Project (SREP) in southeastern Venezuela have been received.  

This drilling was part of an in-fill program designed by the Company’s engineering consultants, Micon International,

to further test the continuity of the main gold mineralized blocks.

Highlights:

Ø    In-fill drilling program has confirmed the existing interpretation with grades consistent to previous drilling

           (averaging 16 to 20 g/t Au), being encountered in all holes targeted at the central portions of the interpreted ore blocks.

Ø    Drilling outlined a significant new gold mineralized structure 20 to 40 metres north of the targeted blocks. 

      The Company will immediately design a drill program to define the limits of this new zone both in strike and to depth. 

Ø    Based on the highly positive nature of the in-fill drilling the Company plans to complete a 1.8 kilometre ramp which

            will provide access to the main ore bodies 180 metres below surface.  The ramp will provide all of the necessary access

            for future mining operations. 

Detailed drilling and underground sampling will continue to evaluate the potential economics of the SREP zones.  Preliminary

engineering including the location, orientation, and angle of the ramp has been completed by Rusoro staff.  A mining contractor

has been hired who has completed initial site visits and a review of the existing layout.  Equipment requirements have been

determined and their purchase is underway. 

The Company’s main goal is to concurrently build this ramp and complete the underground development at SREP, while continuing

the comprehensive expansion and upgrade of the Company’s centrally located Emilia mill facility.  The Emilia Mill Facility project

is on schedule for completion in Q4 2007 with the Company aiming to start commercial production in early 2008. 

Diamond drilling was conducted by Major Drilling of Moncton, New Brunswick, Canada.  All drilling and drill sampling have

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 and Triad Labs located in El Dorado and El Callao, Venezuela.  All sample analyses

were 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.  All QA/QC is completed under the direction of G.F. Smith, P.Geo.

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

    “Mario Szotlender”

Mario Szotlender, President

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

CONTACT INFORMATION :

Tel: 604-682-1545           Fax: 604-682-1514

Toll Free:  1-800-668-0091

Symbol: TSX-V:RML     Email: info@rusoro.com

Website:  www.rusuro.com

NOTES:          1) All thicknesses are core widths / true widths estimated at 70-80%.

                                        2) All weighted averages calculated using uncut assays.