RUSORO MINING LTD.

                                                  Suite 2164 ? 1055 Dunsmuir Street, Four Bentall Centre

                                                                         Vancouver, BC V7X 1B1

                                       Tel:  604-632-4044    Fax:  604-632-4045 Toll Free 1 800-668-0091

                                             Website: www.rusoro.com                email: info@rusoro.com

November 17, 2009                                                                                                                  Trading Symbol:  (TSX-V):RML

Rusoro Purchases Part of Outstanding Senior Secured Exchangeable Loan

Rusoro Mining Ltd. announces that it has purchased the principal amount of U.S.$20,000,000 dollars of the outstanding

U.S.$80,000,000 senior secured exchangeable loan which was issued by a wholly owned Rusoro subsidiary to a syndicate

of lenders led by Petropavlovsk PLC (formerly Peter Hambro Mining PLC).  Rusoro is a guarantor of the loan.  The

purchase price paid was U.S.17,000,000 for the principal amount of the loan and U.S.$724,591 for accrued interest to the

date of closing for a total of $17,724,591.

ON BEHALF OF THE BOARD OF RUSORO MINING LTD.

"George Salamis"

President

CONTACT INFORMATION

George Salamis, President
Tel:  604- 632-4044  Fax:  604-682-1514
Toll Free:  1-800-668-0091
Symbol:  TSX-V:RML  Email:  info@rusoro.com
Website:  www.rusoro.com

                            The TSX Venture Exchange has not reviewed and does not accept responsibility for the
                   adequacy or accuracy of the contents of this press release, which has been prepared by management.

Cautionary Note Regarding Forward-Looking Statements

Except for the statements of historical fact contained herein, the information presented constitutes "forward looking

statements". Such forward-looking statements, including but not limited to those with respect to the closing of the offering,

involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or

achievements of Rusoro to be materially different from any future results, performance or achievements expressed or implied

by such forward-looking statements. Such factors include, among other risks, risks related to the closing of the offering, as well

as those factors discussed in the section entitled " Risk Factors" in Rusoro's Annual Information Form dated December 12,

2008 as filed on SEDAR. Although Rusoro has attempted to identify important factors that could cause actual results to differ

materially, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no

assurance that such statements will prove to be accurate as actual results and future events could differ materially from those

anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.