SOURCE: Romarco Minerals Inc.

November 30, 2007 08:30 ET

Romarco Adopts Shareholder Rights Plan

SPARKS, NV--(Marketwire - November 30, 2007) - ROMARCO MINERALS INC. (TSX-V: R) announces that the Board of Directors has adopted a shareholder rights plan ("Rights Plan") in order to ensure the fair treatment of all Romarco shareholders in connection with any take-over bid for the outstanding shares of Romarco. The Rights Plan will provide shareholders with adequate time to properly evaluate and assess a take-over bid or corporate transaction if, as and when such circumstances arise without facing undue pressure or coercions. The Rights Plan also provides the Board with additional time to consider any take-over bid and, if applicable, to explore alternative transactions in order to maximize shareholder value.

The Rights Plan is not being adopted in response to any proposal to acquire control of Romarco and the Company is not aware of any transactions by any party that would trigger the provisions of the Rights Plan at this time.

Computershare Investor Services Inc. will act as rights agent and the record date for the issuance of the rights was set at November 29, 2007. To remain in place, the Rights Plan must be ratified by the shareholders of Romarco within 180 days. If ratified by the shareholders, the Rights Plan will have a term of three years.

Diane Garrett, President and CEO of Romarco, commented, "We believe that Romarco is poised to realize the value of its Haile acquisition and its other properties; we want to ensure that in the event of any overture by a possible acquirer, our shareholders have sufficient time to determine whether any opportunity provides full value for the potential of the Company."

A copy of the Rights Plan will be available on SEDAR.

Romarco is developing gold producer with the Haile Gold Mine in South Carolina, a large gold district in Zacatecas, Mexico and exploration projects in Nevada.

For further information, please contact Diane Garrett, President and C.E.O. or Shirene Urton at (775) 355-1900.

ON BEHALF OF ROMARCO MINERALS INC.

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

THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS PRESS RELEASE, WHICH HAS BEEN PREPARED BY MANAGEMENT.

Contact Information

  • Contact:

    Diane Garrett
    President and C.E.O.
    or
    Shirene Urton
    (775) 355-1900

    ROMARCO MINERALS INC.
    997 Greg Street
    Sparks, NV
    USA 89431
    Tel: (775) 355-1900
    Fax: (775) 355-1907
    Email Contact