Romarco Minerals Inc.-Announces Bought Deal Financing

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED
STATES.


Romarco Minerals Inc. (TSX VENTURE:R) ("Romarco") has announced today that it
has entered into an agreement with a syndicate of underwriters co-led by BMO
Capital Markets and Paradigm Capital, under which the underwriters have agreed
to buy on bought deal basis by way of a short form prospectus, 61,000,000 Common
Shares (the "Common Shares"), at a price of $1.97 per Common Share for gross
proceeds of approximately $120 million. Romarco has also granted the
underwriters an option to buy up to an additional 15% of the Common Shares at
the offering price to cover over-allotments, if any. The offering is expected to
close on or about April 13, 2010 and is subject to Romarco receiving all
necessary regulatory approvals.


The net proceeds of the offering will be used to move the Haile project forward
to feasibility and for working capital purposes.


The securities offered have not been registered under the U.S. Securities Act of
1933, as amended, and may not be offered or sold in the United States absent
registration or an applicable exemption from the registration requirements. This
press release shall not constitute an offer to sell or the solicitation of an
offer to buy nor shall there be any sale of the securities in any State in which
such offer, solicitation or sale would be unlawful.


About Romarco Minerals Inc.

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 in the process of a feasibility study and continued
exploration drilling.

Romarco Minerals Inc. (TSXV:R)
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