Northwest Power Line Environmental Assessment Certificate Approval
TORONTO, ONTARIO -- (Marketwire) -- 03/02/11 -- Romios Gold Resources Inc. ('Romios' or the 'Company') (TSX VENTURE: RG)(OTCBB: RMIOF)(FRANKFURT: D4R) is pleased and encouraged by the recent announcement by Environment Minister Murray Coell in conjunction with Forests, Mines and Lands Minister Pat Bell to grant British Columbia Hydro and Power Authority (BC Hydro) the environmental assessment certificate for the proposed Northwest Transmission Line. The decision to grant the certificate occurred after considering the review of the project led by B.C's Environmental Assessment Office (EAO).
The project includes a new 287 kilovolt transmission line which covers 344 kilometres from the existing Skeena substation south of Terrace to a new substation near Bob Quinn Lake. The proposed $404 million project includes new access roads, upgrades to the Skeena substation and the construction of a new Bob Quinn substation.
'The new transmission line will be instrumental in advancing infrastructure to the Golden Triangle area of northwestern British Columbia. This will serve to advance the many mining projects in the area, including the Trek, Newmont Lake and other Galore Creek area projects currently being explored by Romios,' indicated Tom Drivas, President and CEO.
About Romios Gold Resources Inc.
Romios Gold Resources Inc., a progressive Canadian mineral exploration company established in 1995, is headquartered in Toronto and is actively engaged in precious and base metal exploration across North America with a primary focus on gold, silver and copper. Romios has significant property interests in British Columbia, Ontario, Quebec and Nevada. The Company is undertaking extensive exploration work on its Galore Creek area properties in British Columbia, which are centrally located between Galore Creek Mining Corporation's large copper-gold-silver deposit and Barrick's high grade gold mine at Eskay Creek.
Exchange Listings and Symbols: (TSX VENTURE: RG)(OTCBB: RMIOF)(FRANKFURT: D4R).
Cautionary Note Regarding Forward-Looking Statements: This Press Release contains forward-looking statements that involve risks and uncertainties, which may cause actual results to differ materially from the statements made. When used in this document, the words 'may', 'would', 'could', 'will', 'intend', 'plan', 'anticipate', 'believe', 'estimate', 'expect' and similar expressions are intended to identify forward-looking statements. Such statements reflect our current views with respect to future events and are subject to such risks and uncertainties. Many factors could cause our actual results to differ materially from the statements made, including those factors discussed in filings made by us with the Canadian securities regulatory authorities. Should one or more of these risks and uncertainties, such actual results of current exploration programs, the general risks associated with the mining industry, the price of gold and other metals, currency and interest rate fluctuations, increased competition and general economic and market factors, occur or should assumptions underlying the forward looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, or expected. We do not intend and do not assume any obligation to update these forward-looking statements, except as required by law. Shareholders are cautioned not to put undue reliance on such forward-looking statements.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contacts:
Romios Gold Resources Inc.
Tom Drivas
President and Director
416-221-4124
416-218-9772 (FAX)
romios@romios.com
Romios Gold Resources Inc.
Michael D'Amico
CFO
647-500-6023
416-218-9772 (FAX)
michael@baystreetconnect.com
Mel de Quadros, Ph.D., P.Eng.
Director
416-668-6145
ymirconsulting@gmail.com
Head Office:
25 Adelaide Street East, Suite 1010
Toronto, ON Canada, M5C 3A1
416-221-4124
416-218-9772 (FAX)
www.romios.com