Rusoro Mining Clarifies Terms of Funding Agreement

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February 19, 2018 Trading symbol (TSX-V): RML

Rusoro Mining Clarifies Terms of Funding Agreement

Vancouver, Canada -- Rusoro Mining Ltd. (the "Company" or "Rusoro") reports that further to its

news release dated January 16, 2018, the US$7M in financing is being provided in return for a portion of

any settlement the Co mpany may receive from its arbitration award against the Venezuelan government .

The loan and associated fee shall only become payable upon a final settlement of the arbitration claim.

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 conditi ons,

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 Regu lation Services Provider (as that term is defined in policies of the TSX Venture

Exchange) accepts responsibility for the adequacy or accuracy of this release.