News Releases

July 16, 2009
Romios Announces Closing Of Private Placement

Romios Gold Resources Inc. (TSX-V: RG) (the "Company" or "Romios") is pleased to announce that it has closed the private placement announced on June 26, 2009. The Company placed 4,514,267 Units for proceeds of $451,426.70.

Each unit (a "Unit") priced at $0.10 consisted of one (1) common share (a "Share") and one common share purchase warrant (a "Warrant") with each Warrant entitling the holder to acquire a further share at a price of $0.15 per Share for a period of one year from Closing (the "WC Offering"). The securities issued bear a legend and are restricted from trading until November 16, 2009.

Insiders subscribed for $140,000 of the WC Offering representing 1,400,000 Units. The insider private placements are exempt from the valuation and minority shareholder approval requirements of Multilateral Instrument 61-101 ("MI61-101") by virtue of the exemptions contain in section 5.5(a) and 5.7(1)(a) of MI61-101 in that the fair market value of the consideration for the securities of the Company issued to insiders did not exceed 25% of its market capitalization.

The proceeds from the WC Offering will be used for working capital. The Company currently has 87,622,484 common shares issued and outstanding.

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 and Nevada. The Corporation is undertaking extensive exploration work on its Galore Creek area properties in British Columbia, which are centrally located between Nova Gold's large gold-copper-silver deposit and Barrick's high grade gold mine at Eskay Creek.

For further information, please contact: 

Tom Drivas, President and Director: (tel) 416-221-4124, (fax) 416-218-9772 or (email) romios@romios.com

Thomas Skimming, Vice President of Exploration and Director: (tel) 416-444-0900, (fax) 416-444-0586 or (email) tmsk8ing@hotmail.com

Exchange Listings and Symbols: TSX-V:RG, NASDAQ OTC:RMIOF, Frankfurt:D4R

Head Office: 
25 Adelaide Street East, Suite 1010 
Toronto, ON Canada, M5C 3A1 
Tel: 416-221-4124, Fax: 416 218-9772 
Website: www.romios.com 

Contact: Tom Drivas, President 
Email Address: romios@romios.com

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.

You can view the Next News Releases item: July 23, 2009, Romios Provides A Status Report On The Drill Program On Its Newmont Lake And Trek Properties In British Columbia

You can view the Previous News Releases item: June 26, 2009, Romios Announces Proposed Working Capital Offering Of Up To $500,000

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