Rusoro Announces Closing of Promissory Note Financing
Suite 3123 – 595 Burrard Street
Vancouver, BC V7X 1J1
Tel: 604- 609- 6110 Fax: 604 - 609- 6145
Website: www.rusoro.com
RUSORO ANNOUNCES CLOSING OF PROMISSORY NOTE FINANCING
July 28, 2025 - Vancouver, British Columbia, Canada -- Rusoro Mining Ltd. (TSX-V: RML) (the
"Company" or "Rusoro") announces it has closed a financing of unsecured, non-interest-bearing promissory
notes (the “ Notes”). In consideration for the notes, the subscribers paid the Company an aggregate of
US$1,700,000.
The Notes do not have any fixed maturity date. The principal amount payable to the subscribers under the Notes
is US$5,100,000 if paid on or before July 31, 2028, and US$6,800,000 if paid after July 31, 2028. The principal
amount will only become due and payable from proceeds received by the Company pursuant to any successful
enforcement of its arbitral award against the Bolivarian Republic of Venezuela for its unlawful expropriation
of the Company’s Venezuelan investments.
Proceeds from the financing will be applied to payment of legal expenses relating to the Com pany’s ongoing
activities to enforce its arbitral award against the Bolivarian Republic of Venezuela and for working capital.
ON BEHALF OF THE BOARD
"Andre Agapov"
Andre Agapov, President & CEO
For further information, please contact:
Rusoro Mining Ltd.
Gordon Keep
T: 604 609-6110
Cautionary Note Regarding Forward-Looking Information and Statements:
“This press release contains “forward -looking information” and “forward -looking statements” within the meaning of applicable
securities laws. This information and statements address future activities, events, plans, developments and projections. All statements,
other than statements of historical fact, constitute forward-looking statements or forward-looking information. Such forward-looking
information and statements are frequently identified by words such as “may,” “will,” “should,” “anticipate,” “plan,” “expect, ”
“believe,” “estimate,” “intend” and similar termino logy, and reflect assumptions, estimates, opinions and analysis made by
management of Rusoro Mining Ltd. in light of its experience, current conditions, expectations of future developments and other factors
which it believes to be reasonable and relevant. Forward-looking information and statements involve known and unknown risks and
uncertainties that may cause Rusoro’s actual results, performance and achievements to differ materially from those expressed or implied
by the forward-looking information and statements and accordingly, undue reliance should not be placed thereon.
Risks and uncertainties that may cause actual results to vary include but are not limited to the availability of financing; fluctuations in
commodity prices; changes to and compliance with applicable laws and regulations, including environmental laws and o btaining
requisite permits; political, economic and other risks; as well as other risks and uncertainties which are more fully described in our
annual and quarterly Management’s Discussion and Analysis and in other filings made by us with Canadian securiti es regulatory
authorities and available at www.sedarplus.ca. Rusoro Mining Ltd. disclaims any obligation to update or revise any forward-looking
information or statements except as may be required.”
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.