Romios Gold Resources Inc.
TSX VENTURE : RG
OTC Bulletin Board : RMIOF
FRANKFURT : D4R

Romios Gold Resources Inc.

February 26, 2010 17:30 ET

Romios Extends Options on RP and JW Properties

TORONTO, ONTARIO--(Marketwire - Feb. 26, 2010) - Romios Gold Resources Inc. ("Romios" or the "Company") (TSX VENTURE:RG)(OTCBB:RMIOF)(FRANKFURT:D4R) announces that it has entered into an amended option agreement with the Galore Creek Syndicate 2003 ("Galore Creek") on its Royce/Pork Property. The Royce/Pork Option Agreement was originally announced in the Press Release dated April 27, 2006. The amendment agreement calls for the issuance of a further 300,000 common shares to Galore Creek, extends the time for payment of the further option payment of $100,000 until December 1, 2013 and extends the time for expenditures on the Royce/Pork Property. The RP amendment agreement also requires the expansion of the size of the property to a minimum of 248 contiguous cells from the current 75 cells prior to December 1, 2010. In addition, the Company has entered into an amended option agreement with Galore Creek on its JW Property. The JW Option Agreement was originally announced in the Press Release dated October 5, 2006. The amendment agreement calls for the issuance of a further 200,000 common shares to Galore Creek, extends the time for payment of the further option payment of $100,000 until December 1, 2013 and extends the time for expenditures on the JW Property. The JW amendment agreement also requires the expansion of the size of the JW Property to a minimum of 220 contiguous cells from the current 35 cells prior to December 1, 2010. The amendment agreements are subject to regulatory approval.

About Romios Gold Resources Inc.

Romios Gold Resources Inc., a progressive Canadian mineral exploration company established in 1995, is headquartered in Toronto and is actively engaged in precious and base metal exploration across North America with a primary focus on gold, copper, silver and molybdenum. Romios has significant property interests in British Columbia, Ontario Quebec and Nevada. The Corporation is undertaking extensive exploration work on its Galore Creek area properties in British Columbia, which are centrally located between Nova Gold/Teck Resources' large gold-copper-silver deposit and Barrick's high grade gold mine at Eskay Creek.

Exchange Listings and Symbols: TSX-V:RG, NASDAQ OTC:RMIOF, Frankfurt:D4R.

Head Office:
25 Adelaide Street East, Suite 1010
Toronto, ON Canada, M5C 3A1
Tel: 416-221-4124, Fax: 416 218-9772
Website: www.romios.com
 
Contact: Tom Drivas, President
Email Address: romios@romios.com

Cautionary Note Regarding Forward-Looking Statements: This Press Release contains forward-looking statements that involve risks and uncertainties, which may cause actual results to differ materially from the statements made. When used in this document, the words "may", "would", "could", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect" and similar expressions are intended to identify forward-looking statements. Such statements reflect our current views with respect to future events and are subject to such risks and uncertainties. Many factors could cause our actual results to differ materially from the statements made, including those factors discussed in filings made by us with the Canadian securities regulatory authorities. Should one or more of these risks and uncertainties, such actual results of current exploration programs, the general risks associated with the mining industry, the price of gold and other metals, currency and interest rate fluctuations, increased competition and general economic and market factors, occur or should assumptions underlying the forward looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, or expected. We do not intend and do not assume any obligation to update these forward-looking statements, except as required by law. Shareholders are cautioned not to put undue reliance on such forward-looking statements.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • Romios Gold Resources Inc.
    Tom Drivas
    President and Director
    416-221-4124
    416-218-9772 (FAX)
    romios@romios.com
    or
    Romios Gold Resources Inc.
    Thomas Skimming
    Vice President of Exploration and Director
    416-444-0900
    416-444-0586 (FAX)
    tmsk8ing@hotmail.com