VANCOUVER, BC, July 10, 2023 /CNW/ - Rusoro Mining Ltd. (TSXV: RML) (the "Company" or "Rusoro") is pleased to announce that it has achieved a significant appellate victory in proceedings to enforce an arbitration award it obtained against the Republic of Venezuela arising out of Venezuela's expropriation of Rusoro's gold mining assets, which as of today, with interest, totals over US$1.4 billion. The U.S. Court of Appeals for the Third Circuit, which is based in Philadelphia, affirmed that Venezuala's state-owned oil company is the country's alter ego and that its property may be seized in satisfaction of the Republic's judgment debt.