Romarco announces 2011 second quarter results

TORONTO, Aug. 8, 2011 /CNW/ --
TRADING SYMBOL: TSX: R

TORONTO, Aug. 8, 2011 /CNW Telbec/ - ROMARCO MINERALS INC. (TSX: R) (the 'Company') is pleased to announce its results for the second
quarter ending June 30, 2011.  The Company's financial statements are
prepared in accordance with International Financial Reporting Standards
('IFRS'). All dollar amounts in this news release are expressed in U.S.
dollars, unless otherwise noted.

Highlights from the second quarter include:

    --  Cash balance at June 30, 2011 was $63 million.

    --  During the first six months of 2011 directed drilling on areas
        that were most likely to benefit the mine plan, primarily
        infill and condemnation drilling.  Second quarter exploration
        drilling continued to define significant mineralization inside
        the planned permit area within and beyond the current reserve
        pit boundaries.

  o The drill program returned positive infill and step-out results at
    Horseshoe and Mill Zone, continuity between South Pit and Ledbetter
    in a zone now designated as Mustang, step-out mineralization north
    of Ledbetter and continuity between Snake and Horseshoe.

  o The Company's exploration drilling program is on schedule and
    budget achieving 49,000 meters of drilling for the three months
    ended June 30, 2011, and the year-to-date 92,000 meters of drilling
    represents an increase of 77% over the same period in 2010.

    --  Hired Michael F. Gleason as Construction Manager and advanced
        design and engineering for the Haile project.
         
    --  Completed construction of Company-owned analytical and
        metallurgical laboratory on schedule and budget.

    --  During the second quarter, the Company increased its land
        position by approximately 10% (986 acres) to 11,011 acres
        (4,456 hectares) at June 30, 2011.

    --  Reported $3.6 million net loss for the three months ended June
        30, 2011 and $8.3 million for the six months ended June 30,
        2011.

    --  On July 1, 2011, the US Army Corps of Engineers requested the
        Company complete an Environmental Impact Statement ('EIS') for
        its Haile Gold Mine project in South Carolina. The EIS is
        expected to add approximately 12 months to the project schedule
        proposed in the Company's feasibility study (dated February 10,
        2011), primarily as a result of the extended technical review
        period and the review periods dictated by the EIS schedule. The
        Company will utilize the additional time to increase
        exploration drilling and further optimize the project.

The Company's 2011 second quarter financial statements and MD&A are
available on SEDAR at www.sedar.com and on the Company's website at www.romarco.com

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 and permitting for its
flagship project, the Haile Gold Mine in South Carolina.

Please note:


This entire press release may be accessed via fax, e-mail, Romarco's
website at www.romarco.com and through CNW Group's website at www.newswire.ca. All material information on Romarco Minerals Inc. can be found at www.sedar.com.

To view this news release in HTML formatting, please use the following URL: http://www.cnw.ca/en/releases/archive/August2011/08/c2440.html

Romarco Minerals Inc. 

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