Rusoro Mining Ltd. Appoints New CFO

Suite 3123 – 595 Burrard Street

Vancouver, BC V7X 1J1

Tel: 604 - 609 - 6110  Fax: 604 - 609 - 6145

Website: www.rusoro.com

RUSORO MINING LTD. APPOINTS NEW CFO

January 25, 2023 - Vancouver, British Columbia, Canada -- Rusoro Mining Ltd. (TSX-V: RML) (the

"Company" or "Rusoro") announces that the directors of the Company have appointed Aaron Triplett, CPA,

CA as Chief Financial Officer (“CFO”) and Corporate Secretary of the Company effective immediately.

Mr. Triplett is a Chartered Professional Accountant (CPA, CA), and has accumulated over 15 years experience

in the field of financial management and accounting, specializing in forecasting, compliance and risk

management, and the development and monitoring of control systems. Mr. Triplett’s experience includes acting

as CFO for various operating public companies listed on the TSX Venture Exchange and Canadian Securities

Exchange. Prior to his work with public companies, Mr. Triplett was an audit and assurance manager for a mid-

size public accounting firm

With Mr. Triplett’s appointment, the Company has accepted the resignation of Szascha Lim as CFO and

Corporate Secretary of the Company and would like to thank her for her contributions.

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 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 for ward-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 terminol ogy, 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

Klondike’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 obtaining 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 securities regulatory authorities and available at www.sedar.com. Rusoro Mining

Ltd. disclaims any obligation to update or revise any forward- looking information or statements except as may be

required.”