FOR IMMEDIATE RELEASE                                                                           18 September 2009   

 Rusina Mining NL

('Rusina', 'Rusina Mining' or the 'Company')

Placing of new ordinary shares to raise £3.00 million

Rusina Mining NL today announces that the Company's broker, Mirabaud Securities LLP ('Mirabaud'), has placed a total of 57,760,800 new ordinary shares ('Placing Shares') in Rusina - an Australian explorer developing the Acoje nickel-chromite project on Luzon Island in the Philippines - to UK-based institutional clients of Mirabaud, at a placing price of 5.25p per Placing Share (the 'Placing') to raise approximately £3.00 million. Rusina's shares are traded on AIM and listed on the Australian Stock Exchange ('ASX').

The proceeds will be utilised primarily for working capital and to fund only if and when as necessary, any Rusina obligation for any contingencies arising from European Nickel's current 40% farm-in to the Acoje nickel laterite heap leach project.

European Nickel has earned to date a 20% interest in the project under a broader farm-in commitment to earn a 40% project interest by fully funding the current US$10 million definitive feasibility study, including construction of a trial nickel heap leach operation, at Acoje. The study is on schedule for completion by the end of the June quarter next year.

Under the placing terms, 36,760,800 of the new ordinary shares have been issued in accordance with the 15% provision rule applying to total issued shares in Rusina (the 'First Placing Shares'). The issue of the remaining 21,000,000 ordinary shares in Rusina (the 'Second Placing Shares') will be subject to a vote of Rusina shareholders at general meeting in Australia proposed for 29 October, 2009.  A circular to shareholders will be sent out shortly.

Application has been made to the London Stock Exchange for the First Placing Shares, which will on issue rank pari passu with the existing ordinary shares in issue., for admission to trading on AIM.  

For further information, please contact:

ENDS