Ms. Diane Garrett reports

ROMARCO RECEIVES EIS SCHEDULE FROM US ARMY CORPS AND WILL HOST CONFERENCE CALL

Romarco Minerals Inc. has been advised that the U.S. Army Corps of Engineers will post a schedule for completing the environmental impact statement (EIS) for the Federal 404 wetlands permit for the Haile gold mine project in Kershaw, S.C. The schedule includes remaining key milestones for the EIS process including publication the draft EIS and final EIS.

In addition, the corps indicated that the draft alternatives analysis, which is described as "the heart of the EIS" under the National Environmental Policy Act, is in the final review stage and will be made available to the public in August, 2013 -- well in advance of the draft EIS. Following the filing of the alternatives analysis, a public meeting will be held in Kershaw, S.C., on Aug. 20, 2013, where the public will have the opportunity to discuss the alternatives analysis with the corps.

Attached is the corps's schedule and corresponding milestones to complete the remainder of the EIS.

Month of completion            Milestone            

August, 2013        Alternatives analysis publication
Aug. 20, 2013       Public meeting                   
March, 2014         Draft EIS publication            
April, 2014         Draft EIS public hearing         
July, 2014          Final EIS publication            

Diane Garrett, president and chief executive officer, commented: "We are extremely pleased with the corps's schedule and are especially pleased that it reflects that the alternative analysis, which is essentially the heart of the EIS, will be made public this August -- well in advance of the draft EIS. The corps's schedule provides clarity for our planning, and will allow all stakeholders to closely follow the remainder of the EIS process step by step and monitor the progress being made on the permitting front. We are solely focusing on permitting and diligently managing our cash to ensure we are funded through to final permits. We are fortunate to have a high-quality, high-grade, low-cost gold deposit in the United States with robust economics."

The Federal 404 wetlands permit is the only federal permit Romarco requires for the Haile project. The corps is the federal agency regulating 404 permits.

The company has filed applications for its state mine operating permit, national pollution discharge elimination system permit, 401 water quality certification, air quality permit and dam safety permit for the proposed tailing storage facility. The South Carolina Department of Health and Environmental Control (SCDHEC) is the regulatory agency responsible for processing and issuing state permits. The company has been informed that once the draft EIS is publicly filed, SCDHEC can then begin to hold public meetings and process the state permits necessary for beginning operations at Haile gold mine.

The company's cash balance is anticipated to be approximately $40-million (U.S.) at June 30, 2013. After suspending all exploration drilling activity during the second quarter of 2013 as well as other continuing cash conservation actions, the company anticipates an average net quarterly cash spend of between $6-million (U.S.) to $7-million (U.S.) over the next 18 months and a positive cash balance at the end of 2014. The company continues to pursue additional cash conservation opportunities, including selling non-critical assets that can be rented or replaced if needed in the future.

Conference call

The company will hold a conference call on June 27, 2013, at 8:30 a.m. ET where senior management will provide an update on the EIS and Haile gold mine project. Senior management will also respond to questions from analysts and investors.

To join the call:

In Canada and the United States:  1-888-231-8191

International:  647-427-7450

The conference call will be recorded, and playback will be available approximately two hours after the event's completion by dialling toll-free in Canada and the United States 1-855-859-2056 or locally 416-849-0833, passcode 11904150 followed by the number sign (available up to July 7, 2013).

We seek Safe Harbor.