Romarco Intercepts 46 Meter Zone of 5.7 g/t at Haile

VANCOUVER, BC - Romarco Minerals reported assay results from its first PQ size core drill hole (DDH-289) at the Haile Gold Mine, in South Carolina. The hole was drilled in the Mill Zone which is a previously unmined gold resource discovered by Amax Gold.
The hole returned a composite 46 meter (150 feet) sequence grading 5.7 g/t gold. Gold mineralization of over 1 g/t was first intersected at 48 meters (160 feet) below surface. Within the gold mineralized interval, 49 g/t gold was returned over a 1.5 meter interval near the top of the sequence. The hole was drilled on a 60 degree angle perpendicular to the gold resource therefore, this extensive intercept represents true thickness. It is very significant that all intervals assayed above the cutoff grade of 1.0 g/t gold.
The Company is very excited about the thickness and grade of this first drill hole and has mobilized a second core drill rig to site for continued exploration. Thus far, six PQ holes have been completed with assays pending. The current program is designed to identify additional resources, convert resources into proven and probable reserves, and to provide representative samples for metallurgical testwork. Based on additional information generated from digitizing the historic drill assay data, the Company is very positive about the exploration potential along strike and has plans to be drilling Haile for the remainder of 2008 and perhaps beyond.
Romarco CEO, Diane Garrett, said, "The assay results received from our first drill hole are highly encouraging. These results combined with new information we are generating, reinforce our belief that we can not only significantly increase the resources at Haile but move quickly toward production."
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 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.
The company's address is 997 Greg Street, Sparks, NV 89431, (775) 355-1900, fax: (775) 355-1907, email: [email protected].