The management of Romios Gold Resources Inc. ("Romios" or the "Corporation") wishes to advise that the announcement today by NovaGold Resources Inc. and Teck Cominco Limited with respect to the suspension of construction at Galore Creek should not have any material effect on Romios or its properties. The Corporation is still waiting for drill results for its summer exploration program. During the past drilling season, Romios completed the largest exploration program in its history. The early exploration results are considered very encouraging by Romios' management. The results from this extensive exploration program, which include assays results from 9 drill holes and surface and geochem sampling, are pending and will be announced as received (see Press Release dated October 15, 2007). Once all of the results have been analyzed, the Corporation intends to proceed with a larger exploration program in 2008 including drilling on Newmont Lake, the Trek and JW Properties and will include mapping, prospecting and sampling on all of the properties in the Galore Creek area.
The Corporation previously reported (see Press Release dated March 26, 2007) an inferred resource on the NW Zone at the Corporation's Newmont Lake Property of 1,406,000 tonnes at a grade of 4.43 gpt Au, 0.22% Cu and 6.4 gpt Ag or a gold equivalent grade (AuEq) of 5.16 gpt. This equates to in-situ contained metal of 200,000 ounces of gold, 6,790,000 pounds of copper and 291,000 ounces of silver. These resources are reported at a base case gold equivalent cut-off grade of 2 gpt. Mineral Resources are not Mineral Reserves as Mineral Resources have not demonstrated economic viability.
For the purposes of the disclosure in this Press Release, Thomas Skimming, P.Eng., Vice-President of Exploration and a Director is the Qualified Person ("QP") in accordance with NI-43-101.
About Romios Gold Resources Inc.
Romios Gold Resources Inc., a progressive Canadian mineral exploration Corporation established in 1995, is headquartered in Toronto and is actively engaged in precious and base metal exploration across North America with a primary focus on gold, silver and copper. Romios has significant property interests in British Columbia, Ontario and Nevada. The Corporation plans to undertake extensive exploration work on its Galore Creek properties in British Columbia, which are centrally located between NovaGold's large gold-copper-silver deposit and Barrick's high grade gold mine at Eskay Creek.
For further information, please contact:
Tom Drivas, President and Director: (tel) 416-221-4124, (fax) 416-218-9772 or (email) firstname.lastname@example.org
Thomas Skimming, Vice President of Exploration and Director: (tel) 416-444-0900, (fax) 416-444-0586 or (email) email@example.com
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
Exchange Listings and Symbols: TSXV:RG, NASDAQ OTF:RMIOF, Frankfurt:D4R.
Head Office: 25 Adelaide Street East, Suite 1010, Toronto, ON Canada, M5C 3A1
Tel: 416-221-4124, Fax: 416 218-9772
Website: www.romios.com. Contact: Tom Drivas, President
Email Address: firstname.lastname@example.org
Cautionary Note Regarding Forward-Looking Statements: This Press Release contains forward-looking statements that involve risks and uncertainties, which may cause actual results to differ materially from the statements made. When used in this document, the words "may", "would", "could", "will", "intend", "plan", "anticipate", "believe","estimate", "expect" and similar expressions are intended to identify forward-looking statements. Such statements reflect our current views with respect to future events and are subject to such risks and uncertainties. Many factors could cause our actual results to differ materially from the statements made, including those factors discussed in filings made by us with the Canadian securities regulatory authorities. Should one or more of these risks and uncertainties, such actual results of current exploration programs, the general risks associated with the mining industry, the price of gold and other metals, currency and interest rate fluctuations, increased competition and general economic and market factors, occur or should assumptions underlying the forward looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, or expected. We do not intend and do not assume any obligation to update these forward-looking statements. Shareholders are cautioned not to put undue reliance on such forward-looking statements.