Romarco provides EIS and equipment update; will host conference call

     Romarco provides EIS and equipment update; will host conference call

PR Newswire

TORONTO, Feb. 20, 2013

TORONTO, Feb. 20,  2013 /PRNewswire/  - ROMARCO  MINERALS INC.  (TSX: R)  (the 
"Company") wishes  to provide  an  update with  respect to  the  Environmental 
Impact Statement ("EIS") for its 100%  owned Haile Gold Mine project in  South 
Carolina, USA. All dollar amounts in this news release are expressed in  U.S. 
dollars, unless otherwise stated.

Since the news release  dated October 25, 2012,  the Company has been  meeting 
regularly with the US Army Corps  of Engineers ("Corps"), the contractor,  the 
Environmental Protection Agency, and the  South Carolina Department of  Health 
and Environmental Control, as well as consulting parties for continued  review 
of the submitted hydrology  model. As a result  of those meetings all  parties 
agree, and  the  Corps  has  requested  the  Company  perform,  the  following 
hydrological tasks  to  gather additional  data  to supplement  existing  data 
previously submitted in the permit application:

  *Twin three vibrating wire piezometer holes (six new holes).

  *Complete an aquifer test and pump for approximately one week with a new
    production well and seven monitoring wells. The new aquifer test will
    provide additional data for an area where bedrock characteristics are
    anticipated to be different from previous testing.

The Company has already received the authorizations to drill and has begun  to 
twin the vibrating wire  piezometer holes and to  drill the aquifer well.  The 
data collection  and associated  modeling should  be completed  in the  second 
quarter 2013.

The Corps has indicated work is continuing on the writing of the EIS chapters.
Additional information  is available  on the  Corps'  www.hailegoldmineeis.com 
website.

Equipment

The Company is pleased to announce it has amended its agreement with Blanchard
Machinery  Company  ("BMC")  for  the  delivery  and  final  payment  for  its 
Caterpillar ("CAT") mobile mine equipment for  its Haile Gold Mine project  in 
South Carolina. If needed,  the amendment extends  the delivery schedule  and 
final payment of approximately $29 million, originally scheduled for September
30, 2013 by six  months, with an  option to extend a  further six months.  The 
Company will incur a modest fee for the amendment and the extension option and
it will continue to  incur a monthly holding  cost of approximately  $230,000. 
The agreement maintains previously agreed pricing, ensures timely delivery  of 
new equipment with tires, keeps a  full warranty in place until delivery,  and 
allows the Company to defer the majority  of the payment in order to  conserve 
cash, should the need arise. BMC  worked with the Company in evaluating  other 
alternatives and the  amended agreement provides  the lowest cost  alternative 
with continued flexibility.

The local dealer  for the  Company's Hitachi shovel,  Flint Equipment  Company 
("Flint"), is storing  the shovel in  Savannah, GA. In  the current  agreement 
with Flint,  the Company  will take  delivery  of the  shovel not  later  than 
February 2014 and the  final payment will be  approximately $2 million.  Flint 
recently advised that  it would work  with the Company  to adjust the  current 
agreement for delivery of the shovel, if needed.

The SAG and Ball mill shells were delivered to South Carolina in late December
2012  and  arrived  at  Haile  on  January  18,  2013.  Progress  payments  of 
approximately $3 million on these are being made in the first quarter of 2013.
Payment of approximately $1.3 million for both mill motors and girth gears  is 
anticipated in the third quarter of 2013 with final payments of  approximately 
$1.3 million for other ancillary components  delayed until after the start  of 
construction.

Cash

The Company is continuing  with its cash conservation  actions and ended  2012 
with $64.8 million of cash and cash equivalents, which was $9.4 million  lower 
than September 30,  2012. At  February 20,  2013, cash  was approximately  $54 
million. The first quarter cash spend is higher than the previous two quarters
of 2012 primarily due to payments for  the Ball and SAG mills mentioned  above 
and annual payments customarily paid in the first quarter of each year.

Conference call

The Company will hold a conference call on February 21, 2013 at 8:30 am 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 dialing toll free  in 
Canada and the United States 1-855-859-2056 or locally 416-849-0833,  passcode 
13997766# (available up to February 28, 2013).

About Romarco Minerals Inc.

Romarco Minerals Inc. is a gold development company focused on production
primarily in the US. The Company has completed a positive Feasibility study
and is continuing exploration drilling and permitting for its flagship
project, the Haile Gold Mine in South Carolina.

SOURCE ROMARCO MINERALS INC.

Contact:

Romarco Minerals Inc.

Dan Symons, Vice President, Investor Relations
Phone: 416-367-5500
E-mail:dsymons@romarco.com

Renmark Financial Communications Inc.
Maurice Dagenais 514-939-3989 or via e-mail atmdagenais@renmarkfinancial.com

Please note:
This entire press release may be accessed via fax, e-mail, Romarco's website
atwww.romarco.com and through CNW Group's website atwww.newswire.ca. All
material information on Romarco Minerals Inc. can be found atwww.sedar.com
 
Press spacebar to pause and continue. Press esc to stop.