Mr. Dan Symons reports

ROMARCO ANNOUNCES 2014 SECOND QUARTER RESULTS

Romarco Minerals Inc. has released its results for the second quarter ended June 30, 2014. The company's second quarter 2014 financial statements and management's discussion and analysis are available on SEDAR and on the company's website. (All dollar amounts in this news release are expressed in U.S. dollars, unless otherwise noted.)

Highlights from the second quarter and recent events include:

On July 28, 2014, the company announced that following the posting of the final environmental impact statement for the Haile gold mine project on July 24, 2014, the U.S. Army Corps of Engineers informed the company that it will issue its record of decision on the federal 404 wetlands permit application (the only required environmental federal permit) in November, 2014.

On July 24, 2014, the Corps posted its final EIS for the Haile gold mine project on its project website. The notice of availability for the final EIS will be published in the federal register, which is usually within seven days of the posting date. There is a minimum 30-day period after the notice of availability for the final EIS to be published in the federal register before the ROD on the federal 404 wetlands permit can be issued.

On July 15, 2014, the company announced it had executed a project financing mandate letter with a syndicate of three international financial institutions: Caterpillar Financial Services, Macquarie Bank Ltd. and Societe Generale Corporate & Investment Banking to arrange a $200-million senior project finance facility, for its 100-per-cent-owned Haile gold mine project in South Carolina. The mandate contemplates a commitment letter during the third quarter of 2014 and no requirement for mandatory gold hedging.

Detailed design and engineering were restarted during the second quarter of 2014 and at June 30, 2014, were more than 80 per cent complete.

On May 12, 2014, the company announced the comment period for the draft EIS and the state mining permit for the Haile gold mine project had officially closed. The final EIS of the Corps states that 83 individuals, organizations or agencies submitted written or oral comments on the draft EIS.

Cash balance at June 30, 2014, was $32.2-million and approximately $30.5-million at July 30, 2014.

Net cash spend (before foreign exchange effects) during the three-month period ended June 30, 2014, was $5.9-million compared with $9.0-million during the same period in 2013.

Net loss was $3.6-million (one cent per share) for the three-month period ended June 30, 2014, compared with a $4.0-million (one cent per share) net loss during the same period in 2013.