Romarco announces major resource increase at Haile

SPARKS, NV, Oct. 28 /CNW Telbec/ - ROMARCO MINERALS INC. (TSXV: R)(the "Company") is pleased to announce an interim updated resource estimate for its wholly-ownedHaile Gold Mine in South Carolina, USA. The measured and indicated resource comprises 2.2 million ounces of gold with an additional 1.97 million inferred gold ounces above a 0.343 g/t (0.01 oz/t) cutoff grade. The measured resource increased by 85% and the overall resource increased by 27% from the prior resource estimate (see press release dated March 26, 2009). See table below for details.

The updated resource estimate includes 23,400 meters of new drilling in 77 core and reverse circulation holes drilled between February 2 and September 6, 2009. The drill data for the interim update was based on assays received and interpreted as of September 6, 2009 to enable Gustavson (independent engineering firm, see QP details below) the time to conduct the necessary work that comprises the resource estimation. The 23,400 meters of drilling represents 28% of the planned 2009 drill program of 85,000 meters. To date, the Company has completed nearly 60,000 meters of the planned 85,000 meters of drilling and has assays pending for the majority of those. The drilling for this interim resource update not only expanded the size of the resource, but allowed some of the previously defined grade shells to be connected forming larger contiguous bodies.

The grade of the measured and inferred resources has also increased. The measured and indicated grade increased by 6% and the inferred grade increased by 12% as compared to the March 2009 estimate. The proven probable reserve grade remains at 2.7 g/t. A new reserve estimate will be performed in conjunction with the final bankable feasibility study and will include drilling data from October 2008 that was the basis of the last reserve estimate (see press release dated February 3, 2009).

Romarco has spent US $4.05 million in drilling, logging, assaying, and geologic interpretation of the 23,400 meters of drilling. The ounces gained in this interim resource update therefore represent a USD $4.62 per ounce of gold discovery cost. The 85,000 meter program is expected to be completed with all assays back by March of 2010.

Diane Garrett, President and CEO commented, "Romarco is once again pleased to provide these interim results showing the effectiveness of the on-going deposit definition drilling and exploration drilling at our Haile Project.Increasing the resource by 850,000 ounces of gold from February to September 2009 demonstrates the significant potential that exists at Haile. To date, Romarco has converted 550,000 ounces of inferred resource into the measured or indicated category. The Haile mineralized corridor continues to remain open in all directions and at depth. In addition, Romarco has been acquiring lands along strike of Haile containing historic resources drilled during the 1970's and 1980's. Romarco will be drilling these areas in the coming months."

It is important to note that the resource estimate (measured, indicated and inferred) is based on drilling results received as of September 6, 2009. The resource calculations were completed by Gustavson Associates, LLC of Boulder, Colorado under the direction of Mr. Donald E. Hulse, PE, an independent Qualified Person pursuant to NI 43-101.

Details of the updated gold resource are:

    
    - The new mineralization model improves the knowledge and continuity of
      geologic control as defined by a 0.20 ppm (0.0058 oz/ton) mineralized
      envelope.
    - The resource was estimated by kriging, the same methodology as the
      Technical Report (NI 43-101) of March 19, 2009, with the mineralized
      envelope updated by new drilling.
    - The measured resource has increased by 85% to 1.47 million ounces with
      an increase in grade to Au 1.89 g/t or 0.055 opt.
    - The total measured and indicated resource has increased by 34% to
      2.17 million ounces.
    - The total inferred resource has increased by 20% to 1.97 million
      ounces.


                             HaileGoldMineProject

                              Measured Resource
    -------------------------------------------------------------------------
                          Metric                 Short
    Cutoff Au g/t         tonnes       Gold       tons       Gold       Cont
    (oz/ton)              (000's)       g/t     (000's)      oz/t      oz Au
    -------------------------------------------------------------------------
    0.343 (0.01)          24,258      1.885     26,739      0.055  1,469,834
    -------------------------------------------------------------------------
    0.514 (0.015)         20,343      2.165     22,424      0.063  1,416,000
    -------------------------------------------------------------------------
    0.686 (0.02)          17,066      2.466     18,811      0.072  1,353,206
    -------------------------------------------------------------------------

                             Indicated Resource
    -------------------------------------------------------------------------

                          Metric                 Short
    Cutoff Au g/t         tonnes       Gold       tons       Gold       Cont
    (oz/ton)              (000's)       g/t     (000's)      oz/t      oz Au
    -------------------------------------------------------------------------
    0.343 (0.01)          20,374      1.064     22,458      0.031    696,958
    -------------------------------------------------------------------------
    0.514 (0.015)         14,529      1.320     16,016      0.038    616,437
    -------------------------------------------------------------------------
    0.686 (0.02)          10,163      1.631     11,203      0.048    533,009
    -------------------------------------------------------------------------

                        Measured + Indicated Resource
    -------------------------------------------------------------------------
                          Metric                 Short
    Cutoff Au g/t         tonnes       Gold       tons       Gold       Cont
    (oz/ton)              (000's)       g/t     (000's)      oz/t      oz Au
    -------------------------------------------------------------------------
    0.343 (0.01)          44,632      1.510     49,198      0.044  2,166,791
    -------------------------------------------------------------------------
    0.514 (0.015)         34,872      1.813     38,439      0.053  2,032,437
    -------------------------------------------------------------------------
    0.686 (0.02)          27,229      2.155     30,014      0.063  1,886,215
    -------------------------------------------------------------------------

                              Inferred Resource
    -------------------------------------------------------------------------
                          Metric                 Short
    Cutoff Au g/t         tonnes       Gold       tons       Gold       Cont
    (oz/ton)              (000's)       g/t     (000's)      oz/t      oz Au
    -------------------------------------------------------------------------
    0.343 (0.01)          61,179      1.002     67,437      0.029  1,970,609
    -------------------------------------------------------------------------
    0.514 (0.015)         37,854      1.362     41,726      0.040  1,657,418
    -------------------------------------------------------------------------
    0.686 (0.02)          26,404      1.696     29,105      0.049  1,439,571
    -------------------------------------------------------------------------

         Note:  Mineral resources are inclusive of mineral reserves.
    

The National Instrument 43-101 Technical Report is currently in process and will be SEDAR filed soon. All Q.P. individuals have reviewed and approved this press release.

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, development planning, and permitting. The Pinos Gold District in Mexico is a high grade epithermal vein district in the advanced exploration stage.

    
                     ON BEHALF OF ROMARCO MINERALS INC.
                             "Diane R. Garrett"
                               Diane R. Garrett,
                             President and C.E.O.

    "NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS
    THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS
    RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE."
    

SOURCE Romarco Minerals Inc.

For further information: For further information: Diane Garrett, President and C.E.O., (210) 621-4200, dgarrett@romarco.com

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