Romios Gold Resources Inc.
TSX VENTURE : RG
OTC Bulletin Board : RMIOF
FRANKFURT : D4R

Romios Gold Resources Inc.

January 29, 2008 11:40 ET

Romios Exercises Option to Hold 75% Interest in Newmont Lake Property

TORONTO, ONTARIO--(Marketwire - Jan. 29, 2008) - Romios Gold Resources Inc. (TSX VENTURE:RG)(OTCBB:RMIOF)(FRANKFURT:D4R) ("Romios" or the "Company") is pleased to announce that further to its press release dated December 13, 2007, it has given notice to Gulf International Minerals Ltd. ("Gulf") to exercise its option to earn an additional 25% interest in the Gulf Claims forming part of the Company's Newmont Lake Property in consideration for the issuance of 2,777,778 common shares of the Company to Gulf priced at $0.36 per share in accordance with the Amending Agreement dated November 26, 2007 amongst McLymont Mines Inc., Gulf and Romios. As a result, Romios now holds a 75% interest in the Gulf Claims. The issuance of the shares is subject to TSX Venture Exchange approval.

About Romios Gold Resources Inc.

Romios Gold Resources Inc., a progressive Canadian mineral exploration company established in 1995, is headquartered in Toronto and is actively engaged in precious and base metal exploration across North America with a primary focus on gold, silver and copper. Romios has significant property interests in British Columbia, Ontario and Nevada. The Corporation plans to undertake extensive exploration work on its Galore Creek properties in British Columbia, which are centrally located between NovaGold's large gold-copper-silver deposit and Barrick's high grade gold mine at Eskay Creek.

Exchange Listings and Symbols: TSXV:RG, NASDAQ OTF:RMIOF, Frankfurt:D4R.

Head Office: 25 Adelaide Street East, Suite 1010, Toronto, ON Canada, M5C 3A1

Cautionary Note Regarding Forward-Looking Statements: This Press Release contains forward-looking statements that involve risks and uncertainties, which may cause actual results to differ materially from the statements made. When used in this document, the words "may", "would", "could", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect" and similar expressions are intended to identify forward-looking statements. Such statements reflect our current views with respect to future events and are subject to such risks and uncertainties. Many factors could cause our actual results to differ materially from the statements made, including those factors discussed in filings made by us with the Canadian securities regulatory authorities. Should one or more of these risks and uncertainties, such actual results of current exploration programs, the general risks associated with the mining industry, the price of gold and other metals, currency and interest rate fluctuations, increased competition and general economic and market factors, occur or should assumptions underlying the forward looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, or expected. We do not intend and do not assume any obligation to update these forward-looking statements. Shareholders are cautioned not to put undue reliance on such forward-looking statements.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Romios Gold Resources Inc.
    Tom Drivas
    President and Director
    (416) 221-4124
    (416) 218-9772 (FAX)
    Email: romios@romios.com
    or
    Romios Gold Resources Inc.
    Thomas Skimming
    Vice President of Exploration and Director
    (416) 444-0900
    (416) 444-0586 (FAX)
    Email: tmsk8ing@hotmail.com
    Website: www.romios.com