Romarco Minerals Inc. Announces Non-brokered Private Placement

Not for distribution to US newswire services or for dissemination in the United States

ROMARCO MINERALS INC. (TSXV: R) (the "Company") today announces a non-brokered private placement (the "Offering"). The Offering will consist of up to 50 million units (the "Units") at C$0.20 per Unit, for aggregate gross proceeds of up to C$10 million. Each Unit is comprised of one common share in the capital of the Company (a "Common Share") and one-half of one Common Share purchase warrant (a "Warrant"). Each Warrant will entitle the holder thereof to purchase one Common Share for a period of one year from the closing date of the Offering at an exercise price of $0.25 per Common Share.

Closing of the Offering is expected to take place on or before July 25, 2008 and is subject to the satisfaction of customary closing conditions and the receipt of all necessary approvals, including the approval of the TSX Venture Exchange.

The net proceeds from the Offering will be used, together with the Company's existing cash resources, to fund exploration drilling and permitting at the Haile Gold Mine, for exploration at the Company's Pinos District in Mexico and for general working capital purposes.

All securities issued pursuant to the Offering will be subject to a four month hold period.

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 feasibility. The Pinos Gold District in Mexico is a high grade epithermal vein district in the advanced exploration stage. The Company also has two gold exploration projects in Nevada.

For further information, please contact Diane Garrett, President and C.E.O. at (830) 624-6249 or Shirene Urton, Executive Assistant at (775) 355-1900.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.