Romios Exercises Option to Hold 75% Interest in Newmont Lake Property
January 29 2008 - 11:40AM
Marketwired
TORONTO, ONTARIO (OTCBB: RMIOF)(FRANKFURT: D4R) ("Romios" or the
"Company") is pleased to announce that further to its press release
dated December 13, 2007, it has given notice to Gulf International
Minerals Ltd. ("Gulf") to exercise its option to earn an additional
25% interest in the Gulf Claims forming part of the Company's
Newmont Lake Property in consideration for the issuance of
2,777,778 common shares of the Company to Gulf priced at $0.36 per
share in accordance with the Amending Agreement dated November 26,
2007 amongst McLymont Mines Inc., Gulf and Romios. As a result,
Romios now holds a 75% interest in the Gulf Claims. The issuance of
the shares is subject to TSX Venture Exchange approval.
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 plans to
undertake extensive exploration work on its Galore Creek properties
in British Columbia, which are centrally located between NovaGold's
large gold-copper-silver deposit and Barrick's high grade gold mine
at Eskay Creek.
Exchange Listings and Symbols: TSXV:RG, NASDAQ OTF:RMIOF,
Frankfurt:D4R.
Head Office: 25 Adelaide Street East, Suite 1010, Toronto, ON
Canada, M5C 3A1
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. Shareholders
are cautioned not to put undue reliance on such forward-looking
statements.
The TSX Venture Exchange does not accept 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) Email:
romios@romios.com Romios Gold Resources Inc. Thomas Skimming Vice
President of Exploration and Director (416) 444-0900 (416) 444-0586
(FAX) Email: tmsk8ing@hotmail.com Website: www.romios.com
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