Rusoro Grants Incentive Stock Options

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: [email protected]

Rusoro Grants Incentive Stock Options

January 27, 2012 Trading Symbol (TSX-V): RML

Vancouver, Canada - Rusoro Mining Ltd. ("Rusoro" or “the Company”)

Rusoro has granted incentive options under its Stock Option Plan to certain directors, officers and employees for the purchase of a total of 11,000,000 shares in the capital of the Company. The options are exercisable on or before January 26, 2017 at a price of (CAD) $0.14 per share, being the closing price of the Company’s share on the TSX Venture Exchange as at today’s date.

ON BEHALF OF THE BOARD

“Andre Agapov”

Andre Agapov, President & CEO

Forward-looking statements: This document contains statements about expected or anticipated future events and financial results that are forward-looking in nature and as a result, are subject to certain risks and uncertainties, such as general economic, market and business conditions, the regulatory process and actions, technical issues, new legislation, competitive and general economic factors and conditions, the uncertainties resulting from potential delays or changes in plans, the occurrence of unexpected events, and the Company’s capability to execute and implement its future plans. Actual results may differ materially from those projected by management. For such statements, we claim the safe harbour for forward-looking statements within the meaning of the Private Securities Legislation Reform Act of 1995.

“Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.”