Rusoro Grants and Re-Prices Incentive Stock Options

VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 09/02/10 -- Rusoro Mining Ltd. (the "Company") (TSX VENTURE: RML) has granted incentive options under its Stock Option Plan to certain directors, officers and employees for the purchase of a total of 5,366,000 shares in the capital of the Company. The options are exercisable on or before September 1, 2020 at a price of 0.20 per share, being the closing price of the Companys shares on the TSX Venture Exchange as at todays date. Further, the Company announces that it has re-priced a total of 4,843,824 outstanding options held by various employees of the Company to a price of 0.20 per share.

ON BEHALF OF THE BOARD

Andre Agapov, President Chief Executive Officer

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 conditions, 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 Companys 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.

The TSX Venture Exchange has not reviewed and does not take responsibility for the adequacy or accuracy of this release.