VANCOUVER, BRITISH COLUMBIA–( EMWNews – April 2, 2008) –

NOT FOR DISTRIBUTION TO THE U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE U.S.

ROMARCO MINERALS INC. (TSX VENTURE:R) (“Romarco” or, the “Company”) is pleased to announce that it has closed its previously announced non-brokered private placement of units (see press release dated February 21, 2008).

The Company’s largest shareholders – Sun Valley Gold, LLC, US Global Investors, Sprott Asset Management, Kinross Gold Corporation and certain insiders and employees of the Company participated in the private placement.

The Company issued 27,580,246 units for gross proceeds of C$4,688,641.82. The terms of the private placement are C$0.17 per unit with each unit consisting of one common share and one full common share purchase warrant. Each warrant is exercisable to purchase one common share at C$0.21 per share for a two year term. All of the securities will be subject to the customary four month hold period in Canada.

The proceeds of the private placement will be used to fund the exploration and feasibility study on Romarco’s Haile Gold Mine in South Carolina, for drilling at the Pinos Gold District in Mexico, and for general working capital purposes.

About Romarco:

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 a bankable feasibility study and exploration. The Pinos Gold District in Mexico is a high grade epithermal vein district in the advanced exploration stage. The Company also has two gold exploration projects in Nevada.

ON BEHALF OF ROMARCO MINERALS INC.

Diane R. Garrett, President and C.E.O.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United states. The securities have not been and will not be registered under the United States Securities Act of 1933 as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this press release.