RMLA Rusina Mining

RNS Number:6297R
Rusina Mining NL
04 April 2008


FOR IMMEDIATE RELEASE                                             4 April 2008


                                RUSINA MINING NL

                          ("Rusina" or the "Company")

                                Issue of Equity



Rusina advises that the final take-up of 31 March 2008 options was 45.5% of the
balance outstanding as of 1 February 2008.


As announced on 29 February 2008 the Company has underwritten the shortfall in
the conversion of the options. The shortfall amount of 20,370,394 is being
placed with the underwriter Lloyd Edwards-Jones FEZ. Sub-underwriters European
Nickel PLC, RAB Capital PLC and Ward Ferry will be allocated the shortfall
shares in proportion with their agreed commitment.


The option exercise funds and the recent commencement of cash flow from DSO
shipments of nickel laterite ore will enable the Company to commence an
exploration program of the chromite, PGM and nickel sulphide potential at Acoje
on the island of Luzon in the Philippines. The Company is also advancing other
exploration projects in the Philippines.


In addition, Rusina announces that pursuant to the exercise of 12,210,691 listed
options at 20 Australian cents each, the Company has issued 12,210,691 ordinary
shares.

The Shares will rank, pari passu, with all existing ordinary shares and
application is being made for these new ordinary shares to be admitted to AIM.



Contacts:
Mark Hanlon        Rusina Mining NL         Tel: +61 8 9226 1111
                                            rusinaadmin@rusina.com.au

Roland Cornish     Beaumont Cornish         Tel: +44 (0) 207 628 3396




                      This information is provided by RNS
            The company news service from the London Stock Exchange

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