News Releases

March 7, 2005
Romios Announces Completion Of Financings And Debt Settlement

TORONTO, ONTARIO - March 7, 2005 - Romios Gold Resources Inc. ("Romios") (TSX VENTURE:RG) is pleased to announce that on March 1, 2005 it completed a brokered private placement consisting of 3,368,331 flow-through common shares priced at $0.15 per share for gross proceeds of $505,249.65 and 2,000,000 working capital units priced at $0.15 per unit for gross proceeds of $300,000. Each working capital unit consisted of one (1) common share and one-half (1/2) of a share purchase warrant with each full warrant entitling the holder to acquire an additional common share at a price of $0.20 per share until March 1, 2006 and $0.25 per share until March 1, 2007. Romios received net proceeds of $736,999.98 after paying Canaccord Capital Corporation's (the "Agent") commission and expenses for the offering.

Canaccord received cash commissions representing 7.35% of the gross proceeds of the offering and units on the same terms as the working capital units above valued at 0.65% of the gross proceeds, 150,000 corporate finance units with each corporate finance unit consisting of one (1) common share and one (1) warrant to acquire a further common share at a price of $0.20 per share until March 1, 2007 and broker warrants representing 10% of the securities sold pursuant to the offering with each broker warrant entitling the holder to acquire a further common share at a price of $0.20 per share until March 1, 2007.

Romios concurrently closed a non-brokered financing of 535,000 flow-through common shares priced at $0.15 per share for gross proceeds of $80,250 and 516,667 working capital units priced at $0.15 per unit for gross proceeds of $77,500 announced on December 22, 2004. The terms of the units were the same as the brokered units above. The 535,000 flow-through common shares and 216,667 of the working capital units were purchased by insiders and their families.

In addition, Romios completed the debt settlement with three insiders announced on November 26, 2004 by issuing 1,350,999 common shares in exchange for the settling of $202,650 in debt owed to these three insiders.

The securities issued on all of these transactions are legended and restricted from trading until July 2, 2005.

As a result of the insider private placement and debt settlement, Tom Drivas, a director, officer and a shareholder of Romios currently holds or controls 2,844,263 common shares of Romios, representing 14.2% of Romios' outstanding capital. He also holds 257,554 options to purchase common shares. Prior to the recent financing and the acquisition of Mclymont Mines Inc., Mr. Drivas held 1,884,263 common shares out of 9,697,788 issued and outstanding shares of Romios or 19.4% of outstanding capital. Mr. Drivas has advised that he may decrease or increase his beneficial ownership, control, or direction over the common shares in the capital of Romios through market transaction, private placement agreements, exercise of convertible securities, other treasury issuances or otherwise.

The current outstanding capital of the Company is 20,003,435 common shares.

CONTACT INFORMATION 
FOR FURTHER INFORMATION PLEASE CONTACT:
Romios Gold Resources Inc.
Tom Drivas
President and a director of Romios
(416) 221-4124
(416) 218-9772 (FAX)
romios@romios.com

The TSX Venture Exchange has neither approved nor disapproved of the information contained herein.

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