Proposed Merger Between Romarco and Western Goldfields Terminated

ROMARCO MINERALS INC. ("TSXV: R" - the "Company") announces the termination of its proposed merger with Western Goldfields Inc. ("Western"). Romarco had previously announced the execution of a merger agreement with Western dated September 30, 2005, but the parties have now agreed to terminate the merger process. In consideration for agreeing to such termination, Western has paid Romarco US$1,953,000 (CDN$2,250,000) for break fee, expense compensation and repayment of outstanding loans and accrued interest.

Romarco was initially optimistic about the potential for the combined company. However, in light of a variety of circumstances, including other corporate alternatives and delays in the merger process, the board of directors determined that the termination is in the best interests of Romarco's shareholders. Part of the determination was based on the receipt of almost US$2 million in cash, which will enable Romarco to expand its currently planned, and announced, exploration and drilling programs on its properties, including Buckskin-National, Pine Grove and Roberts Mountain in Nevada, and Cori Puncho in Peru.

In addition, Romarco believes that the termination of the merger will allow management to focus on alternative corporate development opportunities. Mr. Rex Outzen, Chief Operating Officer will be actively involved in the corporate development process.

Romarco will be issuing a subsequent news release with details of its expanded drilling program for the first half of 2006.

For further information, please contact Diane Garrett, President and C.E.O. at (830) 634-7489 or by e-mail at dgarrett@romarco.com or Mr. Ralf Langner, V.P. Finance at (604) 688-9271 or by e-mail at rlangner@romarco.com  

ON BEHALF OF ROMARCO MINERALS INC.

Diane R. Garrett
President and C.E.O.