SOURCE: Romarco Minerals Inc.

March 20, 2008 18:33 ET

Non-Brokered Private Placement

SPARKS, NV--(Marketwire - March 20, 2008) - Romarco Minerals Inc. (TSX-V: R) (the "Company") today announced that, further to its press release dated February 21, 2008, the closing of its non-brokered private placement of units is now expected to take place on March 28, 2008. All of the terms of the private placement remain as described in the Company's February 21, 2008 press release. The private placement is subject to the satisfaction of customary closing conditions including the receipt of necessary regulatory approvals.

Romarco Minerals Inc. is a gold development company focused on production in the US and Mexico. The Company's flagship project is the Haile Gold Mine in South Carolina which is currently undergoing feasibility and permitting. The Pinos Gold District in Mexico is a high grade epithermal vein district in the advanced exploration stage. The Company also has three gold exploration projects in Nevada.

For further information, please contact Diane Garrett, President and C.E.O., at (830) 634-7489 or by e-mail at dgarrett@romarco.com or Shirene Urton, Executive Assistant, at (775) 355-1900 or by e-mail at surton@romarco.com.

ON BEHALF OF ROMARCO MINERALS INC.

"Diane R. Garrett"
Diane R. Garrett,
President and C.E.O.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS PRESS RELEASE.

Contact Information

  • For further information, please contact:

    Diane Garrett
    President and C.E.O.
    (830) 634-7489
    Email Contact

    Shirene Urton
    Executive Assistant
    (775) 355-1900
    Email Contact

    Romarco Minerals Inc.
    997 Greg Street
    Sparks, Nevada
    USA 89431
    Tel: (775) 355-1900
    Fax: (775) 355-1907
    Email Contact