Mr. Stephen Burega reports

ROMIOS ANNOUNCES CLOSING OF $307,252 NON-BROKERED OFFERING

Romios Gold Resources Inc., further to its news release of Sept. 18, 2023, has closed its non-brokered private placement with the sale of 4,266,699 flow-through (FT) units and 5,975,033 working capital (WC) units for gross proceeds of $307,251.96.

Each FT unit is priced at three cents and consists of one common share and one-half share purchase warrant. Each full FT warrant entitles the holder to purchase one common share at a price of five cents per FT warrant share until Oct. 27, 2025.

Each WC unit is priced at three cents and consists of one common share and one share purchase warrant. Each WC warrant entitles the holder to purchase one common share at a price of five cents per WC warrant share until Oct. 27, 2025.

Accilent Capital Management Inc. was paid $3,500.07 in cash and issued 116,669 compensation warrants. Each compensation warrant entitles the holder to acquire one common share of the company at a price of five cents per share until Oct. 27, 2025.

Funds will be used for exploration of the numerous copper-gold-silver prospects at the company's Golden Triangle properties in northwestern British Columbia, including the Trek South property, located along the southern border of the giant Galore Creek project co-owned by Newmont and Teck, as well as its Lundmark-Akow Lake Au-Cu (gold-copper) property in Ontario and its Kinkaid gold-silver-copper property in Nevada, and for working capital. All securities issued under the offering are subject to a statutory hold period expiring on Feb. 28, 2024.

Insiders of the company subscribed for 2,199,999 FT units for $65,999.97 and 875,000 WC units for $26,250 under the offering, for aggregate participation of $92,250. The insider private placements are exempt from the valuation and minority shareholder approval requirements of Multilateral Instrument 61-101 by virtue of the exemptions contained in sections 5.5(a) and 5.7(1) (a) of MI 61-101 in that the fair market value of the consideration for the securities of the company, which were issued to the insiders does not exceed 25 per cent of its market capitalization.

Update on Honey Badger Silver/Romios Gold resources agreement

In response to the increasing interest in silver projects in recent years, in 2020, Romios staked five historic silver prospects comprising 87 claims over 1,853 hectares in the Thunder Bay silver camp. In the late 1800s to early 1900s, the Thunder Bay area was home to dozens of silver mines, including the famous Silver Islet mine, which produced 2.87 million ounces of silver, and there has been very little work on many of these sites since that time. The Thunder Bay silver claims cover three prospects with old mine workings -- the Lily of the Valley, Victoria and the Federal/Copeland mines -- and two more grassroots prospects with reported silver occurrences -- the Cariboo and Cloud Bay claims.

After a brief field examination in 2020, the strategic decision was made in early 2021 to sell an 80-per-cent interest in these claims to Honey Badger Silver Inc. in return for $150,000 worth of Honey Badge shares (see news release dated June 10, 2021). Honey Badger has extensive silver claim holdings in the Thunder Bay area and, in 2022, it undertook basic prospecting and mapping programs on the Thunder Bay silver claims acquired from Romios. Honey Badger has subsequently acquired major silver projects in Yukon and the Northwest Territories, and on Oct. 17, 2023, Honey Badger announced its decision to return the Thunder Bay silver claims to Romios (see Honey Badger news release).

Romios believes that several of the Thunder Bay silver claims still have considerable merit and warrant more focused exploration to trace the veins along strike in an effort to locate jogs in the vein systems where they may blow out into wider, more mineralized sections. A program of inexpensive geophysical and geochemical surveys is now under consideration for these projects.

Qualified person

The technical information in this news release has been reviewed and approved by John Biczok, PGeo, vice-president of exploration for Romios, and a qualified person as defined by National Instrument 43-101.

About Romios Gold Resources Inc.

Romios 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, plus four additional claim blocks in Northwestern Ontario and extensive claimholdings covering several significant porphyry copper-gold prospects in the Golden Triangle of British Columbia. Additional interests include the Kinkaid claims in Nevada, covering numerous Au-Ag-Cu (gold-silver-copper) workings and two former producers: the Scossa mine property (Nevada), which is a former high-grade gold producer, and the La Corne molybdenum mine property (Quebec). The company also has five claim blocks in the Thunder Bay silver district of Northwestern Ontario. Romios Gold retains a continuing interest in several properties, including a 2-per-cent net smelter return (NSR) royalty on McEwen Mining's Hislop gold property in Ontario and a 2-per-cent NSR royalty on Enduro Metals' Newmont Lake Au-Cu-Ag property in British Columbia, and the company has signed a definitive agreement with Copperhead Resources Inc., whereby Copperhead can acquire a 75-per-cent ownership interest in Romios's Red Line property in B.C.

We seek Safe Harbor.