Mr. Stephen Burega reports

ROMIOS GOLD EXPANDS GOLD-COPPER STOCKWORK ZONE ON THE LUNDMARK-AKOW LAKE PROJECT, INTERSECTS 9.8 M @ 5.1 G/T GOLD EQUIVALENT (4.3 G/T AU, 0.46% CU) WITHIN 16.9 M @ 3.3 G/T AU EQ (2.6 G/T AU, 0.39% CU)

Romios Gold Resources Inc. has released results from two diamond drill holes completed in September, 2021, on the gold-copper Stockwork target at the Lundmark-Akow Lake project in Northwest Ontario. These two holes were part of a nine-hole program totalling 1,756 metres, drilled from eight sites to test a variety of targets across this very large, 7,800-hectare property that is host to at least four different types of gold and copper zones.

Highlights

• The main gold-copper stockwork has appreciable widths and grades across a significant strike length of greater than 125 m and is open down dip and along strike in both directions.
• Broad zones of stockwork veinlet type mineralization were intersected at shallow depths in hole RGR-21-04, assaying up to:
  • 3.3 grams per tonne (g/t) gold equivalent (AuEq) (2.6 g/t Au and 0.39 per cent Cu) over 16.9 metres (drilled width (DW));
  • Including 5.1 g/t AuEq (4.3 g/t Au and 0.46 per cent Cu) over 9.8 m and 16.9 g/t AuEq (16.03 g/t Au and 0.54 per cent Cu) over 2.45 m.
• The same mineralized zone was intersected in two drill holes in 2019 (see the "Au-Cu stockwork intercepts from 2021 and 2019 drilling" table and news release dated Dec. 5, 2019). A parallel, narrower zone grading 5.7 g/t Au and 0.24 per cent Cu over 2.5 m was intersected a further 120 m along-strike in hole RGR-21-07.
• Mineralization is developed adjacent to a swarm of quartz-feldspar porphyry (QFP) intrusions, which are very abundant, large and somewhat unique to the northwest part of the property.
• The aeromagnetic pattern of this area suggests that the QFP intrusions are very extensive and provide numerous additional drill targets for this type of shallow, potentially open-pittable mineralization.
• The diamond drill rig has been left on the property in order to carry out follow-up drilling in 2022.

"There is a good deal of intriguing mineralization in this project area," commented Stephen Burega, president of Romios. "Almost every drill hole intersects gold-copper mineralization, often two or three different types. The majority of this belt of rocks is quite barren, so to find a spot under relatively thin overburden cover like northwest Lundmark-Akow where there is such a clustering of mineralization is very encouraging and we believe that this work could lead to a significant discovery."

Background

Broad stockwork zones of chalcopyrite veinlet type mineralization in relatively fresh volcanic rock were first discovered by drilling in 2019 and now again in 2021. Starting 53.0 m downhole, hole RGR-21-04 intersected 16.9 metres assaying 3.3 g/t AuEq (2.6 g/t Au and 0.39 per cent Cu), including higher grade intervals of 5.1 g/t AuEq (4.3 g/t Au and 0.46 per cent Cu) over 9.8 m and 16.9 g/t AuEq (16.03 g/t Au and 0.54 per cent Cu) over 2.45 m (see the "Au-Cu stockwork intercepts from 2021 and 2019 drilling" table). (The true width of drill intercepts is estimated to be about 70 to 80 per cent of the drilled width and they are expected to project to the bedrock surface under five to seven m of overburden.) This intercept is now the central one of three similar intercepts over a strike length of about 125 m and the mineralization remains open to the southeast and northwest along strike for some distance. Hole RGR-19-06, drilled 59 m to the southeast in 2019, intersected 0.35 per cent Cu over 33.7 m, with gold values ranging from nil to 2.85 g/t Au, beginning just eight m downhole at the start of bedrock (see Romios news release dated Aug. 19, 2019). The same zone was intersected in RGR-19-10, drilled 67 m to the northwest, and returned 22.6 m at 2.0 g/t AuEq (1.2 g/t Au and 0.46 per cent Cu) (including a 3.25-metre interval of VMS style mineralization at 1.26 per cent Cu and 2.4 g/t Au).

The stock works occur in volcanic rocks adjacent to, and likely related to, large quartz-feldspar porphyry intrusions which are unusually common in the northwest sector of the Lundmark-Akow claims. In addition to the main stockwork described above, similar but narrower parallel stock works were encountered in several of the same holes. The individual stockwork veinlets are typically a few centimetres wide, but can form dense swarms over a few metres and often have very high individual metal values, such as up to 36.9 g/t Au over 0.33 m and 3.54 per cent Cu over 0.68 m. The gold-copper veinlet stock works have not been a primary focus of the drill programs so far, but this latest drilling has now extended one 16 to 33 m wide (DW) Au-Cu zone across a strike length of over 125 m. The improved gold values and continued good widths of the stockwork in hole RGR-21-04 have now made these stock works a viable target on their own. Past geophysical surveys are currently being reassessed to see if the stock works can be delineated from the other electromagnetic (EM) targets in this area, prior to drilling in 2022.

Qualified person

The technical information in this news release has been reviewed and approved by John Biczok, PGeo, vice-president of exploration for Romios Gold and a qualified person as defined by National Instrument 43-101. In addition to his extensive experience with several major mining companies exploring for a wide variety of ore deposit types across Canada and India, Mr. Biczok spent 12 years conducting exploration and research at the Musselwhite gold mine in Northwestern Ontario.

About Romios Gold Resources Inc.

Romios Gold Resources is a progressive Canadian mineral exploration company engaged in precious- and base-metal exploration, focused primarily on gold, copper and silver. It has a 100-per-cent interest in the Lundmark-Akow Lake Au-Cu property and four additional claim blocks in Northwestern Ontario, and extensive claim holdings covering several significant porphyry copper-gold prospects in the "Golden Triangle" of British Columbia. Additional interests include two former producers, the La Corne molybdenum mine property (Quebec), a former high-grade gold producer -- the Scossa mine property (Nevada), and the Kinkaid Nevada claims covering numerous Au-silver-Cu workings. The company also retains a continuing interest in several properties, including a 20-per-cent carried interest in five of Honey Badger Mining's claim blocks in the Thunder Bay silver district of Northwestern Ontario; a 2-per-cent net sales royalty (NSR) on McEwen Mining's Hislop gold property in Ontario; and a 2-per-cent NSR on the Newmont Lake Au-Cu-Ag property in B.C., now owned by Enduro Metals Corp.

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