Romarco Closes Bought Deal Financing

This press release is intended for distribution in Canada only and is not intended for distribution to United States newswire services or dissemination in the United States.

ROMARCO MINERALS INC. (TSXV: R) (the “Company”) is pleased to announce that it has closed its previously announced bought deal financing (the “Offering”), including the full exercise of the underwriters’ over-allotment option. The Offering consisted of 52,325,000 common shares (the “Common Shares”), at a price of C$0.88 per Common Share, for aggregate gross proceeds of C$46,046,000. The Offering was led by Paradigm Capital Inc. and included GMP Securities L.P., Macquarie Capital Markets Canada Ltd. and Wellington West Capital Markets Inc. The Common Shares were offered in Canada by way of a short form prospectus.

Romarco will use the net proceeds from the Offering to fund the continued development of the Haile Gold Mine, the purchase of lands adjacent to and around the Haile Gold Mine, an increased drilling program, working capital and general corporate purposes.

This press release is not an offer to sell or the solicitation of an offer to buy the securities, nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to qualification or registration under the securities laws of such jurisdiction. The securities being offered have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and such securities may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent registration or an applicable exemption from U.S. registration requirements.

About Romarco Minerals Inc.

Romarco Minerals Inc. is a gold development company focused on production in the U.S. and Mexico. The Company’s flagship project is the Haile Gold Mine in South Carolina which is currently undergoing exploration drilling, development planning and permitting. The Pinos Gold District in Mexico is a high grade epithermal vein district in the advanced exploration stage.

FORWARD-LOOKING INFORMATION Certain statements contained in this market release constitute forward-looking information, future oriented financial information, and financial outlooks (collectively forward-looking information) within the meaning of Canadian securities laws. Forward-looking information may relate to the matters discussed in this market release and other matters identified in Romarco's public filings, Romarco's future outlook and anticipated events or results and, in some cases, can be identified by terminology such as "may", "will", "should", "expect", "anticipate", "believe", "intend", "estimate", or other similar expressions concerning matters that are not historical facts. Forward-looking information in this market release includes the completion of the offering, the obtaining of TSXV and other regulatory approvals.

For further information, please contact Diane Garrett, President and C.E.O. at (210) 621-4200 or Shirene Urton at (775) 355-1900.

ON BEHALF OF ROMARCO MINERALS INC.
“Diane R. Garrett”
Diane R. Garrett
President and C.E.O.

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