Rusoro Mining Provides Bi-Weekly Mcto Status Update
Suite 3123 – 595 Burrard Street
Vancouver, BC V7X 1J1
Tel: 604 - 609 - 6110 Website: www.rusoro.com
RUSORO MINING PROVIDES BI-WEEKLY MCTO STATUS UPDATE
May 14, 2025 - Vancouver, British Columbia, Canada - Rusoro Mining Ltd. (TSX-V: RML)
(the “Company” or “Rusoro”) is providing this bi -weekly default status report in accordance with National
Policy 12-203 – Management Cease Trade Orders (“ NP 12-203”) with respect to the previously announced
Management Cease Trade Order (the “MCTO”) issued by the British Columbia Securities Commission, as
principal regulator, on May 1, 2025.
On April 30, 2025, the Company announced that it was unable to file its annual audited financial statements
for the year ended December 31, 2024, the related management's discussion and analysis, and the related Chief
Executive Officer (the “CEO”) and Chief Financial Officer (the “CFO”) certificates (collectively, the “Annual
Filings”) by the deadline of April 30, 2025 (the “Default Announcement”). The Company confirms that it is
actively working with its audit team to complete the Annual Filings, which will be filed as soon as possible.
As previously stated, subject to current conditions remaining the same, the Company remains confident in its
ability to complete the Annual Filings before the June 30, 2025, deadline.
The Company confirms that since the date of the Default Announcement: (i) other than as described above,
there has been no material change to the information set out in the Default Announcement that has not been
generally disclosed, (ii) there has been no failure by the Company in fulfilling its stated intentions with respect
to satisfying the provisions of the alternative information guidelines set out in NP 12 -203; (iii) there has not
been any other specified default by the Company under NP 12- 203, and (iv) there is no material information
concerning the affairs of the Company that has not been generally disclosed.
The Company confirms that it will continue to satisfy the provisions of the alternative information guidelines
under NP 12- 203 by issuing bi -weekly default status reports in the form of news releases for so long as it
remains in default of the above-noted filing requirements.
The MCTO restricts the Company's CEO and CFO from trading in the Company's securities but does not affect
the ability of other shareholders, including the public, to trade in securities of the Company.
ABOUT RUSORO MINING LTD.
The principal business activities of Rusoro were the acquisition, exploration, development, and operation of
gold mineral properties. Since Venezuela expropriated Rusoro’s assets in Venezuela in 2012 the Company has
been focused on the recovery of its Arbitration Award.
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
Internal
Cautionary Note Regarding Forward-Looking Information and Statements:
This news release contains "forward- looking information" and "forward- looking statements" (collectively, "forward -
looking information") within the meaning of applicable securities laws. Forward- looking information is generally
identifiable by use of the words "believes," "may," "plans," "will," "anticipates," "intends," "could", "estimates", "expects",
"forecasts", "projects" and similar expressions, and the negative of such expressions. Forward-looking information in this
news release includes statements about the expected filing of the Required Filings.
Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the
Company's actual results, level of activity, performance, or achievements to be materially different from those expressed
or implied by such forward- looking information. Forward- looking information is based on the reasonable assumptions,
estimates, analysis and opinions of management made in light of its experience and perception of trends, current
conditions and expected developments, and other factors that management believes are relevant and reasonable in the
circumstances at the date such statements are made including, without limitations, information based on the current status
of the Required Filings and discussions with the auditor of the Company. Although the Company has attempted to identify
important factors that could cause actual results to differ materially from those contained in forward-looking information,
there may be other factors that cause results not to be as anticipated. There can be no assurance that such information
will prove to be accurate, as actual results and future events could differ materially from those anticipated in such
information, and there is no guarantee the Required Filings will be made on the timeline currently expected or at all. If
the Required Filings are not filed on time or are subject to additional delays, the securities of the Company could be
subject to a cease trade order or other actions taken by the securities regulators and/or the TSXV. Accordingly, readers
should not place undue reliance on forward- looking information. All forward- looking information herein is qualified in
its entirety by this cautionary statement, and the Company disclaims any obligation to revise or update any such forward-
looking information or to publicly announce the result of any revisions to any of the forward- looking information
contained herein to reflect future results, events, or developments, except as required by law.
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.