Rusoro Mining Announces the French Supreme Court Reinstates Arbitral Award for approximately US$1.58 billion
S u i t e 3 1 2 3 – 5 9 5 B u r r a r d S t r e e t
V a n c o u v e r , B C V 7 X 1 J 1
T e l : 6 0 4 - 609 - 6110 F a x : 6 0 4 - 609 - 6145
W e b s i t e : w w w . r u s o r o . c om
March 31, 2021 Trading symbol (TSX-V): RML
Rusoro Mining Announces the French Supreme Court Reinstates Arbitral Award
for approximately US$1.58 billion
Vancouver, Canada -- Rusoro Mining Ltd. (the "Company" or "Rusoro") announced this morning that
the French Supreme Court, the Cour de Cassation , overturned the decision of the Paris Court of Appeal
which had annulled part of the damages portion of the arbitral award previously rendered in favo ur of the
Company. Mr. Andre Agapov, CEO of Rusoro, noted that this decision reinstates the arbitral award in full
and will allow the Company to continue to vigorously pursue recognition and enforcement of the award, the
value of which is currently approxim ately US$1.58 billion (representing the original award amoun t of
US$967.77 million plus approximately US$612.23 million of interest as calculated by the Company). Please
refer to the Company’s news release dated August 23, 2016 and the Company’s latest financial statements
for the period ended September 30, 2020 for furthe r information. Rusoro intends to pursue all available
options to collect on the reinstated award or otherwise obtain fair compensation for the unlawful
expropriation of its investments in Venezuela.
ON BEHALF OF THE BOARD
"Andre Agapov"
Andre Agapov, President & CEO
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.
Forward-looking statements:
This doc ument 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 timing and results of an appeal with the Fren ch
Supreme Court, timing and amount of settlement payments, general economic, market and business conditions, the regulatory
process and actions, technical issues, new legislation, competitive and general economic factors and conditions, the uncertai nties
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.