Romarco Minerals Inc.

Romarco Minerals Inc.

August 21, 2007 08:15 ET

Romarco Executes Definitive Agreement on Haile Gold Mine

SPARKS, NEVADA--(Marketwire - Aug. 21, 2007) - ROMARCO MINERALS INC. (TSX VENTURE:R) (the "Company") is pleased to announce that the Definitive Agreement has been executed with Haile Mining Company Inc. for the acquisition of the Haile Gold Mine in South Carolina. The companies are currently working to transfer title, permits and other business matters related to the Mine. The companies anticipate closing, once these items have been transferred, on or before October 30, 2007.

After closing, Romarco will initiate a confirmation drilling program to confirm and convert the historic resource into a current NI 43-101 proven probable reserve category. The confirmation drilling program will involve approximately 7,000 feet of drilling in approximately 12 holes. This program will be followed by a Feasibility Study and permitting for starting up mining operations at Haile. Exploration activities will be ongoing to increase overall resources and reserves on the property.

Romarco's Q.P. on the Haile Gold Mine is Tom Kilbey, Sr. Geologist.


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.

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