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FOR IMMEDIATE RELEASE                                                                     29 October 2009 

RUSINA MINING NL 

("Rusina" or the "Company") 

Update on Placing 

Result of General Meeting

This announcement is made further to the placing of a total of 57,760,800 new ordinary shares in Rusina at a placing price of 5.25p per share by the Company's broker, Mirabaud Securities LLP ("Mirabaud"), to raise £3,000,000 announced on 18 September 2009.  

Under the placing terms, 37,760,800 of the new ordinary terms have been issued in accordance with the 15% provision rule applying to the total issued shares in Rusina (the "First Placing Shares") and were admitted to trading on AIM on 22 September 2009. The issue of the remaining 21,000,000 new ordinary shares in Rusina (the "Second Placing Shares") was subject to the approval of Rusina shareholders which was given at a general meeting held in Australia today.

Accordingly, the Company has issued 21,000,000 new ordinary shares in Rusina and application has been made for the Second Placing Shares, which rank pari passu with all existing ordinary shares, to be admitted to trading on AIM on 2 November 2009.

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
Peter Krens	Mirabaud Securities LLP	Tel: +44 (0) 207 878 3362

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