Royal Standard Minerals Inc.
OTC Bulletin Board : RYSMF

Royal Standard Minerals Inc.

December 13, 2007 09:00 ET

RSM and Dissident Shareholders Reach Settlement Agreement

MANHATTAN, NEVADA--(Marketwire - Dec. 13, 2007) - ROYAL STANDARD MINERALS INC. (TSX VENTURE:RSM) (OTCBB:RYSMF). The Company is pleased to announce that it has reached a settlement agreement with all of dissident shareholders. As reported in a press releases dated September 26, 2006, October 27, 2006 and June 21, 2007 that summarizes the dissidents position with regard to the Company and the Company's response to their action.

In late August, 2007 the Company commenced negotiations with the dissident shareholders in an attempt to settle the lawsuit so that all parties could be in a position to move forward together as shareholders. An agreement was achieved and signed by all parties involved on November 29, 2007. This agreement effectively closes this issue in a favorable manner for all parties concerned. The settlement document will be filed with the United States District Court for the Central District of California.

The Company is committed to working for all of its shareholders going forward in an effort to improve upon shareholder value through the exploration and development of its properties in Nevada.

RSM is an exploration and development company with advanced gold projects in Nevada. For further information about this release contact Mr. Rich Kaiser, Investor Relations, 800-631-8127.

The TSX.V 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.

C.U.S.I.P. # 780919106

Contact Information

    Roland Larsen
    Qualified Person, NI-43-101
    775-775-2460 (FAX)