W W W . R O M A R C O . C O M

APRIL 2012

CORPORATE PRESENTATION

W W

W .

R O

M A

R C

O .

C O

M

T

S X

: R

2  

 The  informa-on  in  this  document  has  been  prepared  as  of  March  13,  2012.  Certain  statements  contained  in  this  document  cons-tute  “forward-­‐looking  statements”  within  the  meaning  of  the  United  States  Private  Securi-es  Li-ga-on  Reform  Act  of  1995  and  forward  looking  informa-on  under  the  provisions  of  Canadian  provincial  securi-es  laws.  When  used  in  this  document,  the  words  “an-cipate”,  “expect”,  “es-mate”,  “forecast”,  “will”,  “planned”,  and  similar  expressions  are  intended  to  iden-fy  forward-­‐looking  statements  or  informa-on.    Specifically,  this  presenta-on  contains  forward  looking  statements  regarding  the  results  and  projec-ons  contained  in  the  March  13,  2012  technical  report  of  the    Haile  Gold  project,  including  the  expected  mine  life,  recovery,  capital  costs,  cash  opera-ng  costs  and  other  costs  and  an-cipated  produc-on  of  the  described  open  pit  mine,  the  projected  internal  rate  of  return,  the  projected  payback  period,  the  availability  of  capital  for  development,  sensi-vity  to  metal  prices,  ore  grade,  the  reserve  and  resource  es-mates  on  the  project,  the  financial  analysis,  the  -ming  for  comple-on  of  the  revised  feasibility  study  on  the    Haile  Gold    project,    the  -ming  and  amount  of  future  produc-on,  the  -ming  of  construc-on  of  the  proposed  mine  and  process  facili-es,  capital  and  opera-ng  expenditures,  the  -ming  of  the  receipt    of  permits,  rights  and  authoriza-ons,  communica-ons  with  local  stakeholders  and  community  rela-ons,  availability  of  financing  and  any  and  all  other  -ming,  development,  opera-onal,  financial,  economic,  legal,  regulatory  and  poli-cal  factors  that  may  influence  future  events  or  condi-ons  and  expected  drilling  ac-vi-es.    In  addi-on,  this  presenta-on  also  contains  updated  resource  es-mates  contained  in  the  March  13,  2012  technical  reports.    Scien-fic  and  technical  informa-on  referred  herein  has  been  extracted  from  and  are  hereby  qualified  in  their  en-rety  by  reference  to  the  aforemen-oned  technical  reports  (“Technical  Reports”).    Joshua  Snider,  P.E.,  Thomas  L.  Drielick,  P.E.,  Lee  “Pat”  Gochnour,  M.M.S.A.,  John  Marek,  P.E.  and  Derek  Wi\wer,  P.E.  are  responsible  for  preparing  the  Technical  Reports.    Each  of  the  above  referenced  persons  is  a  “qualified  person”  as  defined  in  Na-onal  Instrument  43-­‐101  —  Standards  of  Disclosure  for  Mineral  Projects.    Such  forward-­‐looking  statements  are  based  on  a  number  of  material  factors  and  assump-ons,  including,  but  not  limited  in  any  manner,  those  disclosed  in  any  another  of  Romarco’s  public  filings,  and  include  the  ul-mate  determina-on  of  mineral  reserves  and  resources,  availability  and  final  receipt  of  required  approvals,  licenses  and  permits,  sufficient  working  capital  to  develop  and  operate  the  proposed  mine,  access  to  adequate  services  and  supplies,  economic  condi-ons,  commodity  prices,  foreign  currency  exchange  rates,  interest  rates,  access  to  capital  and  debt  markets  and  associated  cost  of  funds,  availability  of  a  qualified  work  force,  lack  of  social  opposi-on  and  legal  challenges,  and  the  ul-mate  ability  to  mine,  process  and  sell  mineral  products  on  economically  favorable  terms.  While  Romarco  considers  these  assump-ons  to  be  reasonable  based  on  informa-on  currently  available  to  it,  they  may  prove  to  be  incorrect.  Actual  results  may  vary  from  such  forward-­‐looking  informa-on  for  a  variety  of  reasons,  including  but  not  limited  to  risks  and  uncertain-es  disclosed  in  other  Romarco  filings  at  www.sedar.com.  Forward-­‐looking  statements  are  based  upon  management’s  beliefs,  es-mate  and  opinions  on  the  date  the  statements  are  made  and,  other  than  as  required  by  law,  Romarco  does  not  intend,  and  undertakes  no  obliga-on  to  update  any  forward-­‐looking  informa-on  to  reflect,  among  other  things,  new  informa-on  or  future  events      Cau-onary  Note  to  United  States  Investors  Concerning  Es-mates  of  Measured,  Indicated  and  Inferred  Resources:  Certain  tables  may  use  the  terms  “Measured”,  “Indicated”  and  “Inferred”  Resources.  United  States  investors  are  advised  that  while  such  terms  are  recognized  and  required  by  Canadian  regula-ons,  however,  the  United  States  Securi-es  and  Exchange  Commission  does  not  recognize  them.  “Inferred  Mineral  Resources”  have  a  great  amount  of  uncertainty  as  to  their  existence,  and  as  to  their  economic  and  legal  feasibility.  It  cannot  be  assumed  that  all  or  any  part  of  an  Inferred  Mineral  Resource  will  ever  be  upgraded  to  a  higher  category.  Under  Canadian  rules,  es-mates  of  Inferred  Mineral  Resources  may  not  form  the  basis  of  feasibility  or  other  economic  studies.  United  States  investors  are  cau-oned  not  to  assume  that  all  or  any  part  of  Measured  or  Indicated  Mineral  Resources  will  ever  be  converted  into  Mineral  Reserves.  United  States  investors  are  also  cau-oned  not  to  assume  that  all  or  any  part  of  a  Mineral  Resource  is  economically  or  legally  mineable.    All  figures  are  US$  unless  otherwise  indicated     

Cautionary Statement

W W

W .

R O

M A

R C

O .

C O

M

T

S X

: R

Why own ROMARCO?

3  

Near term, low cost gold producer with strong project economics

Located in a mining friendly jurisdiction with excellent infrastructure

Private land – No royalties

Significant exploration upside – open pit & underground

Solid cash position (~ US$115 million), no debt – as of December 31, 2011

70% Institutionally held

Permits pending – targeted by year end 2012

Extremely undervalued in today’s Market vs. Peers

W W

W .

R O

M A

R C

O .

C O

M

T

S X

: R

§  First Gold rush before California §  Carolinas led US Gold production until

1848 §  Second US Mint in Charlotte, NC §  Original 49’ers came from East Coast §  Significant gold production in 80’s-90’s §  Mining part of local history/community §  500 active mines in South Carolina today

CAROLINA SLATE BELT

Tennessee

Kentucky West Virginia

North Carolina

Georgia

South Carolina

Buzzard

Elm

Hickory Ironwood

Bayberry

Locust

Russell Mine

Reed Mine Howie Mine

Brewer Mine

Ridgeway Mine Dorn Mine

Bante Mine Tathom Mine

Columbia Mine

Magruder Mine

Haile Mine

4  

HAILE GOLD MINE MINING HISTORY

4  

W W

W .

R O

M A

R C

O .

C O

M

T

S X

: R

5  

LOCAL COMMUNITY TOWN OF KERSHAW

5  

W W

W .

R O

M A

R C

O .

C O

M

T

S X

: R

2011 HIGHLIGHTS

6  

u  Completed Feasibility Study •  Economically robust •  Low cost gold producer (< $380/oz) •  Low capital cost gold mine (< US $330mm) •  High grade open pit mine (2.06 g/t)

u  Filed for all State & Federal permits u  Completed 190,000 meters drill program

•  Discovered 2 mineralized zones - Mustang & Palomino

u  Ordered long lead-time equipment u  Permitted & built assay lab on time &

under budget •  Successfully passed 2 of 3 requirements for

accreditation •  Final test to achieve accreditation

expected in 2012

u  Acquired 5 regional targets, drilled 3

u  Romarco added to following indices: •  Morgan Stanley Small Cap Index •  S&P / TSX Composite Index •  S&P / TSX Global Gold Index •  S&P / TSX Gold Mining Index •  Dow Jones Junior Precious Metals Index

u  Completed C$92 million bought-deal financing October 2012

W W

W .

R O

M A

R C

O .

C O

M

T

S X

: R

2012 OBJECTIVES

7  

NEW RESOURCE – Q1 2012

FILE UPDATED NI 43-101 Technical Report

COMPLETE 75% OF DETAILED ENGINEERING

AGGRESSIVE DRILL PROGRAM - 85,000 METERS

ADVANCE PERMITS targeting approvals by year-end

þ þ

W W

W .

R O

M A

R C

O .

C O

M

T

S X

: R

FEBRUARY 2011 §  Feasibility completed

$320 million (1) §  One of lowest capital cost projects in industry

$379/oz (2)(3)

($347/oz first 5 years) §  One of lowest operating cost projects in industry

2.06 g/t (2) §  One of highest grade open-pit projects in industry

(1) Capital cost estimate from December 31, 2011 MD&A (2) As per February 2011 Feasibility Study results included in March 13, 2012 Technical Report filed on March 19, 2012 on sedar.com (3) Includes silver byproduct credit

INTRODUCTION TO THE

HAILE GOLD MINE PROJECT

8  

W W

W .

R O

M A

R C

O .

C O

M

T

S X

: R

LOW CAPITAL COST

9  Source: BMO Capital Markets, as at March 9, 2012 (1) Includes precious metals only calculated at long term consensus prices of Au US$1,200/oz and Ag of US$20/oz

Development Capex per ounce of Measured & Indicated Resources (inclusive) (US$/oz Au Eq.)(1)

$82 $80 $78

$70 $69

$61

Torex Rainy River Extorre International TowerHill

Guyana Goldfields Romarco Victoria Gold

Average: $85

$156

W W

W .

R O

M A

R C

O .

C O

M

T

S X

: R

Unfunded Development Capex(1) for Primary Open Pit Asset (US$mm)

LOW CAPITAL COST

10  

Financing Risk – Unfunded Development Capex as % of Current Market Capitalization

Source: BMO Capital Markets, as at March 9, 2012 (1) Development capex plus US$25mm per annum until production start, less current cash balance

$616

$560 $534

$428

$238

$135

415% 103% 57% 120% 296% 41% 16%

International TowerHill

Rainy River Torex Guyana Goldfields Victoria Gold Romarco Extorre

Average: $599

$616 $1,680

W W

W .

R O

M A

R C

O .

C O

M

T

S X

: R

(1)  Source: Brook Hunt estimates (2)  As per February 2011 Feasibility Study results included in March 13, 2012 Technical Report filed on March 19, 2012 on sedar.com

$617!

$379! $428!

$0!

$100!

$200!

$300!

$400!

$500!

$600!

$700!

LOWEST QUARTILE AVERAGE CASH COST IN Q4 2011 (1)

Industry Average (1) ROMARCO LOM Average (2)

Lowest Quartile (1)

LOW CASH COST

11  

W W

W .

R O

M A

R C

O .

C O

M

T

S X

: R

Reserve Grade for Primary Open Pit Asset (g/t Au) (1)

3.17!

2.09! 2.06!

1.46!

1.03!0.78! 0.73!

0.00!

0.50!

1.00!

1.50!

2.00!

2.50!

3.00!

3.50!

Guyana Goldfields! NovaGold! ROMARCO! Gabriel Resources! Detour Gold! Victoria Gold! Andina!

(1) Source: Company Disclosure

HIGH GRADE FOR OPEN PIT

12  

W W

W .

R O

M A

R C

O .

C O

M

T

S X

: R

HAILE GOLD MINE FEASIBILITY STUDY HIGHLIGHTS

13  

u  7,000 tpd throughput u  Designed for 14,000 tpd u  CRUSH > GRIND > FLOTATION u  Recovery: 83.7 % u  Avg. annual production: 150k oz/yr u  Strip Ratio: 7.2:1 (LOM)

W W

W .

R O

M A

R C

O .

C O

M

T

S X

: R

HAILE GOLD MINE FEASIBILITY STUDY HIGHLIGHTS

14  

u Feasibility Study does not include Horseshoe, Mustang, Palomino and Snake Deep deposits

u Opportunities for reducing strip ratio by removing saddles between pits

u Opportunities to expand operation through open pit & underground

W W

W .

R O

M A

R C

O .

C O

M

T

S X

: R

Gold Price

Per oz. NPV @0% NPV @ 5% NPV @ 10% IRR %

PAYBACK YEARS

$1500 $1,426 $930 $621 47.0% 2.0

$1400 $1,259 $811 $534 42.3% 2.2

$1300 $1,092 $693 $447 37.6% 2.4

$1200 $925 $575 $359 32.7% 2.7

$1100 $758 $457 $272 27.6% 3.1

$1000 $591 $339 $185 22.3% 3.8

$950 $507 $279 $141 19.6% 4.2

$800 $257 $102 $10 10.7% 7.6

$700 $90 ($16) ($77) 4.0% 9.4

Pre-tax NPV and IRR Sensitivity to Gold Price (1)

($ Millions, except gold price)

(1) As per February 2011 Feasibility Study included in March 13, 2012 Technical Report filed on March 19, 2012 on sedar.com - based on capital costs of $275 million not updated capital cost of $320 million from December 31, 2011 MD&A

NPV & IRR SENSITIVITY TO GOLD PRICE

15  

BASE CASE

W W

W .

R O

M A

R C

O .

C O

M

T

S X

: R

RESOURCES & RESERVES

16  

OPEN PIT & UNDERGROUND MEASURED + INDICATED RESOURCES AT US$1200 GOLD (1)

METRIC TONNES (000’S)

g/t CONTAINED oz Au (000’s)

MEASURED 36,894 1.79 2,125

INDICATED 34,277 1.74 1,914

MEASURED + INDICATED 71,171 1.77 4,039

INFERRED 20,125 1.24 801

RESERVES AT US$950 GOLD (1)

METRIC TONNES (000’S)

g/t CONTAINED oz Au (000’s)

PROVEN RESERVE 19,592 2.19 1,382

PROBABLE RESERVE 10,917 1.82 636

PROVEN & PROBABLE RESERVE

30,509 2.06 2,018

(1)  From March 13, 2012 Technical Report

2011

2010

W W

W .

R O

M A

R C

O .

C O

M

T

S X

: R

AERIAL OF HAILE

17  

W W

W .

R O

M A

R C

O .

C O

M

T

S X

: R

PROPOSED HAILE PROCESSING PLANT

18  

Chemical Storage & Ore Processing

W W

W .

R O

M A

R C

O .

C O

M

T

S X

: R

PROPOSED HAILE PROCESSING PLANT

19  

Ore Processing, Process Water Recycling & NPDES Water Treatment

W W

W .

R O

M A

R C

O .

C O

M

T

S X

: R

2 0 1 1

20  

RESOURCE GROWTH At year end 2011

HORSESHOE

PALOMINO

MUSTANG

2010 GOLD MINERALIZATION

2011 GOLD MINERALIZATION GROWTH

HAILE LONG SECTION

PLAN VIEW

CHAMPION SMALL SOUTH PIT LEDBETTER SNAKE

W W

W .

R O

M A

R C

O .

C O

M

T

S X

: R

3.5 KM

CHAMPION SMALL SOUTH PIT LEDBETTER SNAKE

PLAN VIEW

HAILE LONG SECTION

2 0 1 1

21  

RESOURCE GROWTH At year end 2011

HORSESHOE

PALOMINO

MUSTANG

US$950 RESERVE PIT LIMITS

CHAMPION

SMALL

MUSTANG

LEDBETTER

HORSESHOE

SNAKE

PALOMINO SOUTH PIT

W W

W .

R O

M A

R C

O .

C O

M

T

S X

: R

CHAMPION SMALL SOUTH PIT LEDBETTER SNAKE

PLAN VIEW

HAILE LONG SECTION

2 0 1 1

22  

RESOURCE GROWTH At year end 2011

HORSESHOE

PALOMINO

MUSTANG

US$1200 RESOURCE SHELL

CHAMPION

SMALL

MUSTANG

LEDBETTER

HORSESHOE

SNAKE

PALOMINO SOUTH PIT

22  

US$950 RESERVE PIT LIMITS

W W

W .

R O

M A

R C

O .

C O

M

T

S X

: R

LONG SECTION

CLOSEUP

23  

UNDERGROUND STOPES BELOW US$1200 RESOURCE SHELL

2011 UNDERGROUND STOPES AT US$1200 GOLD 23  

HORSESHOE PALOMINO

SNAKE

HORSESHOE PALOMINO SNAKE

MUSTANG

W W

W .

R O

M A

R C

O .

C O

M

T

S X

: R

•  404 Wetlands Permit only •  USACE is sole deciding

regulatory body •  All other agencies are

cooperating or commenting agencies only – EPA, US Fish and Wildlife, etc.

•  401 Water Quality Certification •  Mining Permit •  Operating Permit •  Air Quality Permit •  Others

Federal – USACE* State – DHEC**

* US Army Corps of Engineers���** South Carolina Department of Health and Environmental Control

HGM PERMITTING

24  

W W

W .

R O

M A

R C

O .

C O

M

T

S X

: R

HAILE GOLD MINE PERMITTING

25  

ALL

BA

SELI

NE

STU

DIE

S R

EVEA

L No threatened or endangered species

No historical sites

No fish or protected wildlife

No impact on local water supplies

No impact on recreation areas

No impact on traffic patterns

W W

W .

R O

M A

R C

O .

C O

M

T

S X

: R

Typical Palustrine Emergent Wetland

WETLANDS AT HAILE PROPERTY

26  

Typical Palustrine Forested Wetland (inundated)

Non-Relatively Permanent Waters

(intermittent stream channel)

Duckwood (location of Tailings Facility)

W W

W .

R O

M A

R C

O .

C O

M

T

S X

: R

Record  of  Decision  (ROD)  

30  day  minimum  comment  period  

Final  EIS  includes  comments,  amendments  if  necessary  

Prepare  Final  EIS  and  Response  to  Comments  

45  day  Review  Period  

DraD  EIS  filed  

PreparaFon  of  DraD  EIS  

Scoping  Comment  Period  Closes  –  Nov.  28,  2011  

Public  Scoping  MeeFng  –  Oct.  27,  2011  

30  day  noFce  period  

NoFce  of  Intent  Federal  Register  –  Sept.  23,  2011  

Contractor  (3rd  Party)  SelecFon  –  Sept.  2,  2011  (announced  Sept.  26,  2011) þ

þ

þ

þ

þ

ENVIRONMENTAL IMPACT STATEMENT PROCESS

27  

CURRENT STAGE

W W

W .

R O

M A

R C

O .

C O

M

T

S X

: R

•  Equipment is being warehoused in South Carolina

•  Pricing is locked in

HAILE EQUIPMENT

28  

W W

W .

R O

M A

R C

O .

C O

M

T

S X

: R

•  Strong balance sheet with approximately $115M in cash and no debt(1)

•  Well defined project schedules and clear development milestones

Haile Milestones and Status Report

Milestone / Activity Status Complete feasibility study P

State operating permit submitted P

401/404 permit submitted P Resource / reserve report P Expand Haile & Horseshoe P Identify new targets P Acquire other properties P Explore regional targets P Update Resource P

Draft EIS 2012

(1) As at December 31, 2011

Project Schedule for EIS

2011 2012 2013 2014

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

Feasibility Study

Optimization

Permitting

Construction

Production

Exploration

CLEAR PLAN TO BRING HAILE INTO PRODUCTION

29  

W W

W .

R O

M A

R C

O .

C O

M

T

S X

: R

CAPEX CREEP ? – INDUSTRY VS. ROMARCO

According to Engineering News-Record December 2011, the prior year construction cost increases by major category were:

§  LABOUR + 1.9% §  CONCRETE + 5.0% §  REBAR + 10.5% §  PLATE STEEL + 5.8% §  STEEL SHAPES (avg) + 7.4%

INDUSTRY

30  

W W

W .

R O

M A

R C

O .

C O

M

T

S X

: R

CAPEX CREEP ? – INDUSTRY VS. ROMARCO

Based on HGM’s exposure, assuming an overall inflation of 5% per year, the project could increase by ~$11 million during 2012 and ~$4 million in 2013 (~$15 million combined)

ROMARCO

The current project estimate of $320 million includes ~$30 million in contingency:

§  PROJECT CONTINGENCY $28 million §  OWNERS COST CONTINGENCY 2 million

31  

Locked in pricing on mobile fleet, mills, shovels, EPCM contract (~ $80 million) Exposure to cost increases - diesel & construction contract

W W

W .

R O

M A

R C

O .

C O

M

T

S X

: R

BlackRock

Sun Valley Gold

Franklin Templeton Investments

Van Eck

Oppenheimer Funds

Norges Bank

Tocqueville

Colonial First State

US Global Investors

Fidelity Investments

Baker Steel Capital Managers

Ruffer

TD

URAM

Fidelity Investments

70% Institutional Ownership

32  

TOP

15 S

HA

REH

OLD

ERS

OF OUR SHARES ARE INSTITUTIONALLY

OWNED

W W

W .

R O

M A

R C

O .

C O

M

T

S X

: R

TARGET PRICE Paradigm $2.75

GMP $2.50

NBF $2.10

BMO $2.00

RBC $1.50

ANALYST COVERAGE

33  

W W

W .

R O

M A

R C

O .

C O

M

T

S X

: R

P/NAV vs PEER GROUP

34  

0.8x 0.8x

0.7x

0.7x

0.6x

0.5x

0.4x

International TowerHill

Extorre Torex Rainy River Guyana Goldfields Victoria Gold Romarco

Average: 0.6x

Source: BMO Capital Markets, as at March 9, 2012

W W

W .

R O

M A

R C

O .

C O

M

T

S X

: R

EV/RESOURCE

35  Source: BMO Capital Markets, as at March 9, 2012

$97

$54 $53

$17 $16

Extorre Torex Romarco Rainy River Guyana Goldfields Victoria Gold International TowerHill

Average: $112

$331 $216

W W

W .

R O

M A

R C

O .

C O

M

T

S X

: R

Exchange/ Symbol TSX:R

Share Price(1) C$0.98

Shares Outstanding (Basic) 584.3M

FD Shares Outstanding (TSM)(2) 588.4M

Market Capitalization(1) C$573M

52 Week High / Low(1) C$2.41 / C$0.87

Cash Balance (December 31, 2011) US$115M

(1) As at close on March 23, 2012 (2) Includes 4.4M “in-the-money” options at an average strike price of C$0.48 as of March 23, 2012

Capitalization Summary

CAPITAL STRUCTURE

36  

W W

W .

R O

M A

R C

O .

C O

M

T

S X

: R

•  2 in North Carolina •  Hickory – currently drilling •  Historical production during 1800s •  Historical drilling consists of 11 core holes and 130

RC holes •  Completed 25 core hole phase one program

•  HKDH-11-002 encountered 10.7m of 4.5 g/t •  Currently drilling a 17 core hole follow-up

program

•  Ironwood – currently drilling •  The highest grade encountered in the trenching was

9.1 g/t •  Twelve shallow RC holes and two core holes have

been historically drilled •  Completed 11 core hole phase one program •  Completed 7 core hole follow-up program

•  Results pending

Tennessee  

Kentucky  West  Virginia  

North  Carolina  

Georgia  

South  Carolina  

Haile  Mine  Buzzard  

Elm  

Hickory   Ironwood  

Bayberry  

Locust  

NEW REGIONAL EXPLORATION TARGETS

37  

W W

W .

R O

M A

R C

O .

C O

M

T

S X

: R

•  3 in South Carolina •  Bayberry – currently drilling

•  Similar host rocks, alteration and mineralization as observed at Haile

•  74 shallow rotary holes, 8 RC holes, and 8 core holes historically drilled on the property

•  Romarco completed 15-hole phase one program (RC and core)

•  Currently drilling an 11-hole follow up program (RC and core)

•  RC-2033 encountered 13.7m of 2.3 g/t, including 4.6m of 5.5 g/t

•  Locust – drill ready •  Small historical oxide resource (pre 43-101) •  34 RC and 27 core holes have been drilled on the

property •  Historical Reported, highlighted intercepts include:

•  71.5 meters of 2.9 g/t •  5.1 meters of 1.5 g/t •  74.6 meters of 1.5 g/t •  65.0 meters of 1.9 g/t

•  Elm – drill ready •  Soil and rock chip sampling completed •  Rock chip sampling has yielded 8.6 g/t

Tennessee  

Kentucky  West  Virginia  

North  Carolina  

Georgia  

South  Carolina  

Haile  Mine  Buzzard  

Elm  

Hickory   Ironwood  

Bayberry  

Locust  

NEW REGIONAL EXPLORATION TARGETS

38  

W W

W .

R O

M A

R C

O .

C O

M

T

S X

: R

Proven gold mine development, finance, permitting and operations experience

Romarco has the team in place to bring Haile into production

Experienced Board of Directors Strong Management & Technical Team

Leendert Krol, acting Chairman §  Former Newmont

Diane R. Garrett §  Former Dayton Mining, US Global Investors

James R. Arnold §  Former Freeport, Gold Fields – Richards Award Winner

Don MacDonald §  CFO KGHM International (formerly QuadraFNX), former

NovaGold, DeBeers, Dayton Mining

John Marsden §  Consultant, former Freeport – Richards Award Winner

Patrick Michaels §  Portfolio Manager – Zuri-invest, Switzerland

Gary A. Sugar §  Former RBC Capital Markets

Robert van Doorn §  Former Mundoro, Rio Narcea, Morgan Stanley

Diane R. Garrett, Ph.D., President & CEO §  Former Dayton Mining, US Global Investors

James R. Arnold, Sr. VP, COO §  Former Freeport, Gold Fields – Richards Award Winner

Stan Rideout, Sr. VP, CFO §  Former Phelps Dodge

David Thomas, VP, General Manager

James Berry, Chief Geologist & Regional Exploration Manager §  Former Barrick

Brent Anderson, Mine Manager §  Former Quadra, Freeport

Mike Gleason, Construction Manager §  Former Freeport

Jim Wickens, Process Manager §  Former Barrick

Johnny Pappas, Director of Environmental Affairs §  Former Freeport

Ramona Schneider, Environmental Manager §  Former Kinross

Dan Symons, Vice President, Investor Relations §  Former Renmark Financial

STRONG BOARD, MANAGEMENT���& TECHNICAL TEAM

39  

W W

W .

R O

M A

R C

O .

C O

M

T

S X

: R

SUMMARY

40  

Near term, low cost gold producer with strong project economics

Located in a mining friendly jurisdiction with excellent infrastructure

Private land – No royalties

Significant exploration upside – open pit & underground

Solid cash position (~ US$115 million), no debt – as of December 31, 2011

70% Institutionally held

Permits pending – targeted by year end 2012

Extremely undervalued in today’s Market vs. Peers

W W W . R O M A R C O . C O M

Brookfield Place 181 Bay Street, Suite 3630 Toronto, Ontario M5J 2T3 Tel: 416.367.5500 Fax: 416.367.5505 Email: info@romarco.com

Dan Symons Vice President, Investor Relations dsymons@romarco.com

CONTACT INFORMATION