Rome Resources Ltd.

August 10, 2011 20:00 ET

Results for Reverse Circulation Holes 001 to 029 on the West Zone of Rome's Don Luis Property, Sonora, Mexico

SURREY, BRITISH COLUMBIA--(Marketwire - Aug. 10, 2011) - Rome Resources Ltd. (TSX VENTURE:RMR) (FRANKFURT:33R) is pleased to announce gold and silver grades encountered in reverse circulation (RC) holes 001 to 029 on the West Zone of the Don Luis Greisen-Porphyry Silver-Gold-Tungsten Property, Sonora, Mexico (all 29 holes are located in Fig. A1). The results from the first six RC holes were reported in News Release #06, May 5th 2011; data for these holes are repeated here, but more detail is provided. The property is about 45 km north-northeast of Hermosillo, the capital of Sonora.

The West Zone of the Don Luis Property has major tonnage potential because it is represented by an anomalous zone more than 500 meters in diameter that is mineralized and oxidized to a depth of more than 400 meters, as indicated by diamond drilling (News Release #10, May 28th 2010). The target is a large open-pit mine for low grade silver, gold and tungsten. The silver and gold is expected to be heap leachable. The objective of the drilling program is to determine grades of silver, gold, tungsten, molybdenum and lead in this zone. Silver and gold grades, from certified Pioneer Laboratories Ind. (Richmond, BC, Canada) are reported here. Tungsten, molybdenum and lead are also reported, but these analyses are by in-house Niton X-Ray fluorescence (XRF) and the values are not certifiable. Exploration RC drilling on the Don Luis Property is ongoing.

All mineralization is in a highly oxidized cap-rock of intensely muscovite altered porphyry or greisen. Consequently, the gold and silver mineralization is: (i) in rock with a low "work index", and (ii) amenable to bulk heap leaching of oxide mineralization. Silver appears to be concentrated in manganese rich horizons, the distribution of which is being evaluated. Gold is associated with vein quartz. Associated tungsten, molybdenum and lead could contribute to the value of the silver-gold mineralization. Because drilling is still preliminary, mineralization is open in all directions and at depth.

Silver, gold, tungsten, molybdenum and lead grades are calculated for the 29 RC holes (Fig. A1), which total 2,748 meters in length drilled. Tables A1 to A5 and A7, in Appendix A, detail analyses for silver, gold, tungsten, molybdenum and lead. Table A6 defines the parameters used in calculation of the composited values in Tables A1 to A5. Recovery overall is about 70 percent due to highly fractured, faulted and locally porous ground conditions. The impact of this poor recovery on the assay grades is not known.

Silver and gold generally do not occur together, but both contribute to a significant bulk value for the greisen-porphyry mineralization. The best composited silver (Table A1) and gold (Table A2) values are:

  1. Silver: holes DLS11RC014 (100.5 meters of 30 gpt) and DLS11RC015 (100.5 meters of 20 gpt. Both holes are 102.0 meters long; consequently both holes are strongly mineralized with silver over their entire length.
  2. Gold: holes DLS11RC004 (43.5 meters of 0.278 gpt), DLS11RC021 (15.0 meters of 0.780 gpt), DLS11RC022 (39.0 meters of 0.356 gpt), DLS11RC026 (58.5 meters of 0.274 gpt) and DLS11RC027 (42.0 meters of 0.428 gpt). Gold is associated with vein quartz.

Additional value might be added from contained tungsten, molybdenum and lead. However, the values for these elements in Tables A3 to A5 and A7 are from in-house analysis with a Niton XRF analyzer; consequently, these analyses are not certified, but serve to indicate that these components could contribute significantly to the value of the mineralization.

The importance of the mineralization encountered in these 29 holes (Fig. A1) is emphasized by the overall averages of for all holes taken together (Tables A1 to A5). The weighted averages (using length of each hole and the average assays for each hole) for the total 2,748.0 meters in 29 holes, with assays every 1.5 meters (less than six missing analyzes) are:

1. Silver average over 2,748 meters: 9.82 gpt (certified analyses).

2. Gold average over 2,748 meters: 0.117 gpt (certified analyses).

3. Tungsten average over 2,748 meters: 0.033 percent (XRF qualitative analyses).

4. Molybdenum average over 2,748 meters: 0.0058 percent (XRF qualitative analyses).

5. Lead average over 2,748 meters: 0.184 percent (XRF qualitative analyses).

Some of the better overall analyses in individual holes are presented in Table A7.

The West Zone of the Don Luis Property: (i) has significant grades in gold and silver with potential contributions in value from tungsten, molybdenum and lead, (ii) has mineralization over a volume that could host porphyry-style bulk tonnage for an open pit mine, and (iii) might be metallugically complex because of the variety of elements/minerals involved. Less than a third of the area defined in Figure A1 as highly significant by geology, geophysics and geochemistry has been examined by the drilling programs to date. The West Zone could host a major bulk-tonnage, open pit oxide, silver and gold (plus possible tungsten, molybdenum and lead) deposit—especially given the currently high and escalating prices for gold, silver, tungsten and molybdenum.

Rome Resources Ltd. is a Canadian mineral exploration company focused on silver, gold, copper and tungsten projects in Mexico and Argentina. It is traded on the TSX-VEN (symbol RMR) and on the Frankfurt Exchange (33R). Company and exploration details are at: (click: "What's New" [SEDAR News Releases] and "Projects").

On behalf of the Board of Directors

Colin I. Godwin, PhD, PEng, PGeo

President and Director of Rome Resources Ltd.

Professor Emeritus, The University of British Columbia

Colin I. Godwin, PhD, PEng, PGeo, a qualified person under National Instrument 43-101, has verified data disclosed in this release. This News Release may contain forward-looking statements. Forward-looking statements are statements which relate to future events. These statements are only predictions and involve known and unknown risks, uncertainties and other factors that may cause our or our industry's actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. While these forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect our current judgment regarding the direction of our industry, actual results will almost always vary, sometimes materially, from any estimates, predictions, projections, assumptions or other future performance suggested herein.

To view Figure A1 and Tables A1-A7, please visit the following link:

Neither the 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 News Release.

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