Royal Standard Minerals Inc.
TSX VENTURE : RSM
OTC Bulletin Board : RYSMF

Royal Standard Minerals Inc.

December 22, 2006 09:20 ET

Royal Standard Minerals Project Update

MANHATTAN, NEVADA--(CCNMatthews - Dec. 22, 2006) - Royal Standard Minerals Inc. (TSX VENTURE:RSM)(OTCBB:RYSMF) (the "Company") is pleased to provide a progress update at the Goldwedge Project located in Nye County, Nevada. The Goldwedge Project is completing the installation of a concrete floor and two ball mills for the regrinding circuit as a means to increase gold recoveries within the plant. Recent test work of mine-run gold bearing material by Metcon Labs, in Tucson, AZ indicated precious metal recoveries with a combination of gravity treatment and flotation returned 95.76% for gold and 95.64% for silver with a nominal minus 100 mesh grind. Knelson Research & Technology Center in Langley, BC is currently carrying out a total gravity recovery test under similar conditions to the Metcon work for a comparison; the results are expected next month. The initial results indicate that precious metal recoveries can be significantly enhanced with a more aggressive regrinding circuit. The Company commenced construction work, modifying the regrinding circuit in November, 2006. The underground program has continued with the decline development without any significant interruptions along with stockpiling any gold bearing material that has been encountered during this development to be processed through the plant at a later date, according to qualified person, Roland M. Larsen.

At the Railroad property, Elko County, Nevada, work on the copper-skarn system by a field geologist and a geophysicist has resulted in the completion of field mapping programs during October and November 2006. The alteration mapping and a large ground magnetics program have provided very useful information, these data should be helpful in regard to future drill hole selection on the property. The geophysical interpretation of this data is underway. No drilling was completed in October and November on this property due to delays with the availability of a drill, the changing weather and the need to complete the evaluation of the new geophysical and geologic data forced a rescheduling of the drilling program until the spring.

The permitting process for the Pinon gold-silver project is progressing with Dyer Engineering Consultants, Inc. involved with the Water Pollution Control permit and JBR Environmental Consultants Inc. working on the Plan of Operations. Currently both firms are preparing a response to NDEP and USBLM, in regard to the last round of comments to our applications.

The Company is pleased to announce that it has retained Pro-edge Consultants Inc. ("Pro-edge") to provide investor relations services to the Company for C$7,500 per month for a twelve month term commencing November 1, 2006. Pro-edge is a Toronto-based IR firm that represents public companies in the natural resource, energy, technology and entertainment sectors; and has partners in New York & Houston (USA), London (UK) and Singapore. To the best of the Company's knowledge, Pro-edge has no interest, directly or indirectly, in the Company or its securities, or any right or intent to acquire such an interest. Pro-edge is owned by Weslosky & Cowans Ltd. ("WESCOW"), which is licensed and regulated by the Ontario Securities Commission as a limited market dealer.

About Royal Standard Minerals Inc.

Royal Standard Minerals Inc. (www.royalstandardminerals.com) is a precious metals exploration and property development company based in Reno, Nevada with 100% interest in eight advanced exploration-stage projects in four districts of Nevada. Present focus is on the following three properties: Goldwedge (Round Mountain, Manhattan), Railroad-Pinon (Carlin Trend) and Fondaway Canyon.

The Canadian Venture Exchange does not accept responsibility for adequacy or accuracy of this release as per Exchange Policy 3.3 section 6.5.

Royal Standard Minerals cautions that the statements made in this press release and other forward looking statements made on behalf of the Company may be affected by such other factors including, but not limited to, volatility of mineral prices, product demand, market competition, imprecision of mineral estimates, and other risks detailed herein and from time to time in the Securities and Exchange Commission filings of the Company.

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