SUN VALLEY, IDAHO–( EMWNews – April 1, 2008) – Sun Valley Gold LLC (“Sun Valley”) announced today that it has, on behalf of client accounts over which it has discretionary trading authority, acquired control and direction over 17,650,000 units (“Units”) of Romarco Minerals Inc. (“Romarco”). Each Unit consists of one common share of Romarco and one common share purchase warrant (a “Warrant”). Each whole Warrant is exercisable at $0.21 per share until March 29, 2010. The Units were acquired from treasury pursuant to a private placement (the “Private Placement”) on April 1, 2008.

Upon completion of the Private Placement, Sun Valley exercises control and direction over an aggregate of 31,696,263 common shares of Romarco, representing approximately 21.3% of Romarco’s issued and outstanding common shares, and 23,796,263 Warrants. If exercised, the 23,796,263 Warrants over which Sun Valley exercises control and direction would, together with the 31,696,263 common shares of Romarco over which Sun Valley exercises control and direction, represent approximately 32.2% of Romarco’s issued and outstanding common shares.

Sun Valley Gold Master Fund, Ltd. (the “Master Fund”) is the beneficial owner of 22,514,163 of the common shares of Romarco and 16,014,163 of the Warrants over which Sun Valley exercises control and direction. The common shares of Romarco beneficially owned by the Master Fund represent approximately 15.2% of Romarco’s issued and outstanding common shares. If exercised, the Warrants beneficially owned by the Master Fund would, together with the 22,514,163 common shares of Romarco beneficially owned by the Master Fund, represent approximately 23.4% of Romarco’s issued and outstanding common shares. The sole shareholders of the Master Fund are Sun Valley Gold International, Ltd., of which Sun Valley is the Investment Manager, and Sun Valley Gold, L.P., of which Sun Valley is the General Partner.

The balance of Romarco’s common shares and the Warrants over which Sun Valley exercises control and direction are beneficially owned by arm’s-length clients on behalf of whom Sun Valley manages investment accounts.

The Units were acquired for investment purposes. Sun Valley and its clients may increase or decrease their ownership of securities of Romarco depending upon future market conditions.