Rusoro Mining Executes Addendum to Funding Agreement

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April 1, 2019 Trading symbol (TSX-V): RML

Rusoro Mining Executes Addendum to Funding Agreement

Vancouver, Canada -- Rusoro Mining Ltd. (the "Company" or "Rusoro") is pleased to announce that

it has executed an addendum to its funding agreement whereby the Company can continue to use the

remaining funding available for its pursuit to reinstate the Award’s findings on damages in full or otherwise

obtain fair compensation for the unlawful expropriation of its investments in Venezuela, in light of the Paris

Court of Appeals partial annulment of the Award as disclosed in the Company’s press release on January

30, 2019.

The Company closed a funding agreement for US$7M announced in January 2018, of which approximately

US$5M remains unspent , which is intended for use to enforce the arbitration award as a result of

Venezuela’s unlawful expropriation. This addendum confirms the Company will continue to receive the

remainder of this funding for their legal costs and general operations, as they intend to vigorously pursue

all available remedies.

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 Ex change 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.