SOURCE: Romarco Minerals Inc.

February 27, 2008 08:00 ET

Romarco Intercepts 23 Meter Zone of 5.4 g/t at Haile

SPARKS, NV--(Marketwire - February 27, 2008) - ROMARCO MINERALS INC. (TSX-V: R) (the "Company") is pleased to announce assay results from its second PQ size (3.345 inch diameter) core drill hole (DDH-290) at the Haile Gold Mine, in South Carolina. The hole was drilled 70 meters southwest of DDH-289 (46 m of 5.7 g/t Au, see press release dated Feb. 11, 2008) in the southwest portion of the Mill Zone. DDH-290 was drilled on a 60 degree angle, so this extensive intercept represents true thickness.

The hole returned a composite 72 meter (235 feet) sequence grading 2.4 g/t gold. Gold mineralization of over 0.5 g/t was first intersected at 55 meters (180 feet) below surface. Within the gold mineralized interval, 5.4 g/t gold was returned over a 23 meter interval at the top of the sequence which was bounded on top and bottom by intervals assaying 13 g/t and 18.1 g/t gold respectively. It is very significant that all the intervals assayed above the cutoff grade of 1.0 g/t gold. See table below for details.

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---------------------------------------------------------
Hole             Interval      From        To      Gold
                 (meters)    (meters)   (meters)   (g/t)
---------------------------------------------------------
DDH - 290
---------------------------------------------------------
Composite zone      72         54.9      126.5      2.42
---------------------------------------------------------
  Including         23         57.9       80.8      5.38
---------------------------------------------------------
    With             3         57.9       60.9      13.0
---------------------------------------------------------
    With           1.5         79.3       80.8      18.1
---------------------------------------------------------

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Romarco is currently drilling exploration holes outside the Ledbetter resource zone which has a current mineral resource of 1.38 million tonnes grading 3.51 g/t gold. Ledbetter is open in three directions.

With two drill rigs on site, the current program is designed to identify additional resources, convert resources into proven and probable reserves, and provide representative samples for metallurgical testwork as it relates to the bankable feasibility study underway by Lyntek Inc. of Denver, CO.

The current drilling is being performed by the Eastern U.S. division of Boart Longyear. The core samples are being assayed by Inspectorate Labs in Sparks, NV. The PQ core was quartered and sampled with control samples inserted. The results of the control samples were within acceptable ranges. Along with permanent Romarco staff on sight, the current work is being overseen by Lyntek, Inc. as well as Gustavson & Associates of Boulder, CO., as it pertains to the feasibility study. Romarco's Qualified Person is Tom Kilbey, Sr. Geologist with the Company.

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 exploration drilling, bankable feasibility study 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) 624-6249 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.

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

Contact Information

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