SUN VALLEY, IDAHO–(EMWNews – July 25, 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 46,625,284 units (“Units”) of Romarco Minerals Inc. (“Romarco”). Each Unit consists of one common share of Romarco and one half of one common share purchase warrant (a “Warrant”). Each whole Warrant is exercisable at $0.25 per share until July 25, 2009. The Units were acquired from treasury pursuant to a private placement (the “Private Placement”) on July 25, 2008.

Upon completion of the Private Placement, Sun Valley exercises control and direction over an aggregate of 78,321,547 common shares of Romarco, representing approximately 39.1% of Romarco’s issued and outstanding common shares, and 47,108,905 Warrants. If exercised, the 47,108,905 Warrants over which Sun Valley exercises control and direction would, together with the 78,321,547 common shares of Romarco over which Sun Valley exercises control and direction, represent approximately 50.7% of Romarco’s issued and outstanding common shares.

Sun Valley Gold Master Fund, Ltd. (the “Master Fund”) is the beneficial owner of 59,139,447 of the common shares of Romarco and 34,326,805 of the Warrants over which Sun Valley exercises control and direction. The common shares of Romarco beneficially owned by the Master Fund represent approximately 29.6% of Romarco’s issued and outstanding common shares. If exercised, the 34,326,805 Warrants beneficially owned by the Master Fund would, together with the 59,139,447 common shares of Romarco beneficially owned by the Master Fund, represent approximately 39.9% 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.