Romarco Executes Definitive Agreement on Haile Gold Mine

ROMARCO MINERALS INC. ("TSXV: 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.

For further information, please contact Diane Garrett, President and C.E.O. at (775) 355-1900 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
President and C.E.O.