RusoroChased away by Chavez's mining rules?
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RUSORO MINING TO ACQUIRE MENA RESOURCES &
100% OF VENEZUELA PROJECTS
November 28, 2006
Vancouver, Canada – Rusoro Mining Ltd. (“Rusoro”) and Mena Resources Inc. (“Mena”) are pleased to
announce that Rusoro will acquire (the “Acquisition”) all of the issued and outstanding securities of
Mena. The shares of both companies are listed on the TSX Venture Exchange.
The companies currently hold jointly the Increible 6 and Valle Hondo Projects in Venezuela (Rusoro
76%; Mena 24%). As a result of the Acquisition, Rusoro will own 100% of these projects as well as
100% in Mena's Trinidad and Zulo projects in Venezuela, thus strengthening its position in its main
region of focus. Mena also has mineral properties in North, Central and South America, including the
Minoro Project in Honduras; the Vaquillas Project in Chile, a portion of which is optioned to Teck
Cominco, and the Mike Lake Project in Yukon, Canada which is optioned to Dynamite Resources Ltd.
Mena has 21,129,134 shares outstanding, and Rusoro will issue to the Mena shareholders one share of
Rusoro for every 1.7 Mena shares held, resulting in the issuance by Rusoro of approximately 12,428,902
shares. All outstanding options and warrants in Mena will be converted to options and warrants to
purchase Rusoro shares, at the same ratio.
The Acquisition is subject to regulatory and other approvals on behalf of both companies. There will be
no change of control or management of Rusoro.
The completion of the Acquisition will result in a stronger single company in terms of gold ounces and
advanced projects comprising a significant position in the major mining districts in Bolivar State,
Venezuela. Rusoro will have NI43-101 resources which total 1.03 million ounces indicated oz Au (9.1
million tonnes @ 3.5 g/t Au) and 3.02 million inferred oz Au (59.0 million tonnes @ 1.6 g/t Au) (see
Rusoro news release dated November 9, 2006 for details). The combining of the assets and the expertise
of Rusoro’s management both in Venezuela and in the financial markets will be of significant benefit to
the shareholders of both companies.
ON BEHALF OF THE BOARD ON BEHALF OF THE BOARD
OF RUSORO MINING LTD. OF MENA RESOURCES INC.
“Mario Szotlender” “Simon Ridgway”
Mario Szotlender, President Simon Ridgway, Director
CONTACT INFORMATION
Ross Gatensbury
Tel: 604-682-1545
Fax: 604-682-1514
Toll Free: 1-800-668-0091
830 – 355 Burrard Street
Vancouver, BC V6C 2G8
Email: info@rusoro.com Email: info@menaresources.com
Website: www.rusoro.com Website: www.menaresources.com
The TSX Venture Exchange has not reviewed and does not take responsibility for the adequacy
or accuracy of this release.