RUSORO MINING LTD.

                              355 Burrard Street, Suite 830     Vancouver, BC  V6C 2G8

                                           Tel:  604-682-1545    Fax:  604-682-1514

                     DRILLING AT INCREIBLE 6 CONTINUES

                               TO EXTEND ALL GOLD ZONES

May 23, 2007                                                                                   Trading symbol (TSX-V): RML

Vancouver, Canada – Rusoro Mining Ltd. is pleased to report that very positive drill results continue

to be received from the Increible 6 Project in Bolivar State, Venezuela.

Ø      Most recent results received continue to extend the Elisa, Cristina, and Culebra mineralized bodies

      and all of these main zones remain open to depth.

Ø      These results will be included in the database and form part of the updated Resource Calculation

      which is in progress and scheduled to be completed in Q3 of 2007.

Ø      Over 100,000 metres of the 220,000 metres scheduled have been completed with eleven drills

      currently drilling on the Company’s core projects.

Highlights include:

           NOTES: 1) All thicknesses are core widths / true widths estimated at 80-85%.

                                            2) All weighted averages calculated using uncut assays.

                                            3) Table of all new results included at the end of this news release.

The Company views these results as extremely successful in supporting previous results and confirming

the size potential of all the zones at the Increible 6 Project.  As all of the main zones remain open to depth,

drilling will continue to aggressively test the boundaries of the outlined mineralized bodies while infill drilling

will continue to tighten down the drill spacing toward upgrading the current resource categories of these zones. 

A full set of results for the 54 holes received (11 diamond drill holes and 43 RC holes) are attached to

this news release and will be posted on the Company’s website at www.rusoro.com. 

Diamond drilling was conducted by Core Biel Drilling of Puerto Ordaz, Venezuela.  RC drilling was completed

by AK Drilling of Peru.  All drilling and drill sampling have been completed using industry standard practices. 

All drill core is described in detail and photographed and one-half of the core remains for inspection and reference.

Sample analyses have been conducted at SGS labs and Triad Labs located in El Dorado and El Callao, Venezuela. 

All sample analyses were completed using industry standard practices and standard samples, blanks and duplicate

check samples were randomly inserted into the sample stream to ensure quality control.  A review of the QA/QC

results shows no significant bias and all results are considered highly reliable.  Sample rejects for all drill samples

are stored in Rusoro’s secure facilities in Tumeremo, Venezuela, and will continue to be available for any further

testing which may be required.  All QA/QC is completed under the direction of G.F. Smith, P.Geo.

Qualified Person:  Mr. Gregory Smith, P.Geo, the Vice-President, Exploration of the Company, is the Qualified

Person as defined by National Instrument 43-101, and is responsible for the accuracy of this news release.

ON BEHALF OF THE BOARD

    “Mario Szotlender”

Mario Szotlender, President

CONTACT INFORMATION

Ross Gatensbury

Tel: 604-682-1545         Fax: 604-682-1514

Toll Free:  1-800-668-0091

Symbol: TSX-V:RML     Email: info@rusoro.com

Website : www.rusoro.com

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

INCREIBLE 6 GOLD PROJECT

Additional Mineralized Intercepts

NOTES:         1) All thicknesses are core widths / true widths estimated at 75-80%.

                                        2) All weighted averages calculated using uncut assays.