February 18, 2011

Corporate Presenta,on February 2011

2

The information in this document has been prepared as of February 9, 2011. Certain statements contained in this document constitute “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and forward looking information under the provisions of Canadian provincial securities laws. When used in this document, the words “anticipate”, “expect”, “estimate”, “forecast”, “will”, “planned”, and similar expressions are intended to identify forward-looking statements or information. Specifically, this presentation contains forward looking statements regarding the results and projections contained in the February 2011 technical report of the Haile Gold project, including the expected mine life, recovery, capital costs, cash operating costs and other costs and anticipated production of the described open pit mine, the projected internal rate of return, the projected payback period, the availability of capital for development, sensitivity to metal prices, ore grade, the reserve and resource estimates on the project, the financial analysis, the timing for completion of the revised feasibility study on the Haile Gold project, the timing and amount of future production, the timing of construction of the proposed mine and process facilities, capital and operating expenditures, the timing of the receipt of permits, rights and authorizations, communications with local stakeholders and community relations, availability of financing and any and all other timing, development, operational, financial, economic, legal, regulatory and political factors that may influence future events or conditions and expected drilling activities. In addition, this presentation also contains updated resource estimates contained in the February 2011 technical reports. Scientific and technical information referred herein has been extracted from and are hereby qualified in their entirety by reference to the aforementioned 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 Wittwer, P.E. are responsible for preparing the Technical Reports. Each of the above referenced persons is a “qualified person” as defined in National Instrument 43-101 — Standards of Disclosure for Mineral Projects. Such forward‐looking statements are based on a number of material factors and assumptions, including, but not limited in any manner, those disclosed in any aother of Romarco’s public filings, and include the ultimate determination 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 conditions, 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 opposition and legal challenges, and the ultimate ability to mine, process and sell mineral products on economically favorable terms. While Romarco considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect. Actual results may vary from such forward‐looking information for a variety of reasons, including but not limited to risks and uncertainties disclosed in other Romarco filings at www.sedar.com. Forward‐looking statements are based upon management’s beliefs, estimate and opinions on the date the statements are made and, other than as required by law, Romarco does not intend, and undertakes no obligation to update any forward‐looking information to reflect, among other things, new information or future events Cautionary Note to United States Investors Concerning Estimates 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 regulations, however, the United States Securities 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, estimates of Inferred Mineral Resources may not form the basis of feasibility or other economic studies. United States investors are cautioned 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 cautioned not to assume that all or any part of a Mineral Resource is economically or legally mineable.

All figures are US$ unless otherwise indicated

Cau,onary Statement

3

Introduc,on to the Haile Project

§  Manageable Capital Cost -‐ US$275 million

§  Low Cash Cost – US$379/oz (US$347/oz first 5 years)

§  High grade for open pit – 2.06 g/t

4

Romarco – Company Overview

§ Romarco is a gold development company focused on produc,on primarily in the U.S.

§ The Company’s flagship project is the Haile Gold Mine in South Carolina ê  Recently completed posiMve feasibility study

- PotenMal to increase scale of operaMon ê  Focused on conMnued exploraMon success

- Numerous untested zones, district potenMal § Experienced board, management & technical team

Company Descrip,on

Exchange/ Symbol TSX:R

Share Price(1) C$2.41

Shares Outstanding (Basic)(2) 483.5M

FD Shares Outstanding (TSM)(2) 516.5M

Market CapitalizaMon(1) C$1.16B

Cash Balance (January 31, 2011) C$99.6M (1) As at close on February 8, 2011 (2) Calculated using treasury stock method. Includes 18.1 mm warrants and 15.0 mm opCons at

average strike price of C$0.60 and C$1.04 respecCvely as of January 31, 2011

Capitaliza,on Summary

Project Loca,on

181 Bay St. Suite 3630, Toronto, ON, M5J 2T3 │Email: [email protected] │Office: 416.367.5500 │Fax: 416.367.5505 │Website: www.romarco.com

Atlantic Ocean

SOUTH CAROLINA

GEORGIA

NORTH CAROLINA Charlotte

Myrtle Beach Columbia

Haile Mine

5

Mining Friendly Jurisdic,on with Excellent Infrastructure

§  South Carolina is a mining friendly state with a history of gold mining ê  LocaMon of 1st gold rush (before California) ê  Carolinas led U.S. gold producMon unMl 1848 ê  2nd U.S. Mint in Charloê, North Carolina ê Original 49ers came from east coast ê  Significant gold producMon in 80s – 90s ê Mining part of local history/community ê  500 acMve mines in South Carolina

§  Romarco controls 8,000 acres of 100% private land ê  Surface, mineral and water rights

Haile Project Loca,on

Tennessee

Kentucky West Virginia

North Carolina

Georgia

South Carolina

Russell Mine

Reed Mine

Howie Mine Brewer Mine

Ridgeway Mine Dorn Mine

Bante Mine Tathom Mine

Columbia Mine

Magruder Mine

Haile Mine

6

Investment Highlights

§  Near term, low cost gold producer with strong project economics

§  Located in a mining friendly jurisdicMon with excellent infrastructure

§  Large resource with significant remaining exploraMon upside potenMal

§  Strong board, management and technical team

§  Clear plan to bring Haile into producMon

§  Solid cash posiMon (~US$100 million), no debt

§  11 drill rigs -‐ 172,000 meters drilling scheduled for 2011 (~US$30 million)

7

Resource Summary

Project Resource Gold Name Category Tonnes Grade Contained

000’s Mt g/t M oz Haile P&P(1) 30.509 2.06 2.018

M&I(2)(3) 53.378 1.82 3.123

Inferred(2) 24.944 1.34 1.072 (1) As per press release dated February 9, 2011; at US$950 gold (2) As per Technical Report dated December 14, 2010; at US$1200 gold (3) Includes Proven & Probable Reserve

In-‐Shell Resource / Reserve

$1200 Resource Shell

$950 Pit

N$950 Pit area accounts for less than 10% of the Haile property.

8

US$950 Gold -‐ Reserve Pits

601

Champion

Small Chase Hill

Ledbeger

South

Snake

Horseshoe

9

Near Term, Low Cost Gold Producer

§  Posi,ve feasibility study on Haile announced on Feb. 9, 2011

§  Strong project economics with robust IRR and NPV at conserva,ve gold prices ê  Low cash cost operaMon ê Manageable, low cost capital requirements

§  Posi,ve feasibility study does not include ê  Horseshoe zone ê  Snake Deep ê West Ledbeêr ê West South Pit ê  601 ê  Inferred resources within US $950 Pit

§  Open all direc,ons and at depth §  2011 economic studies

ê  Underground Studies at Horseshoe ê  Expansion Studies ê  Trade off Studies

Summary of Haile Feasibility Study (US$950 Gold)

2 P Gold Reserves (‘000 oz) 2,018 Recovery Rate (%) 83.7 Net Recoverable Gold (‘000 oz) 1,681 Annual Mill Throughput (‘000 t) 2,555 Daily Mill Throughput (tpd) 7,000 Mine Life (years) 13.25 Overall Strip RaMo (waste:ore) 7.2:1 Average Feed Grade to Mill (LOM) (g/t) 2.06 Average ProducMon (year 1) (‘000 oz) 172 Average ProducMon (years 1 -‐ 5) (‘000 oz) 150

Cash Costs (year 1-‐5) (US$/oz) 347 Cash Costs (LOM) (US$/oz) 379 IniMal Capital Expenditures (US$M) 275.5 Sustaining Capital Expenditures (US$M) 119.2 Net Present Value (5% discount)

Pre-‐Tax (US$M) 279 Internal Rate of Return

Pre-‐Tax (%) 19.6

10

NPV & IRR Sensi,vity to Gold Price

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 Sensi,vity to Gold Price

($ Millions, except gold price)

11

Favourable Posi,on on the Cash Cost Curve

§  Haile life of mine cash costs of US$379/oz §  Compares favourably with industry average

cash costs of US$572/oz in Q3 2010(1)

§  Posi,ons Romarco within the lowest quar,le on the cash cost curve

Industry Average Q3 2010 (1)

ROMARCO LOM Average (2)

Lowest QuarMle Average Q3 2010 (1)

(1) Source: GFMS presentation, Gold Survey 2010 Update

Average Cash Cost lowest quartile Q3 2010 (1)

(2) Announced February 9, 2011

12

Clear Plan to Bring Haile Into Produc,on

Design Overflow & Process Descrip,on

§  Conven,onal opera,on §  Simple flowsheet §  Off-‐the-‐shelf

technology §  Ability to expand

project scale to include addi,onal resource discoveries

Design Overflow Process Descrip,on

§ Robust “Simple” Flowsheet Crush Æ Grind Æ Flota,on

§ Proven Technologies Regrind Flot Con Æ Leach Con

§ Flexible, Expandable Leach Flot Tail Æ Recover both

§ Non-‐Refractory CN Detox Æ Tail Storage Facility

§ Off-‐The-‐Shelf Technology Standard Carbon Elu,ons, EW

§ No Long Lead Time Units

13

Site Layout

US$950 Pits

Overburden

Tailings Facility

Mill Site

14

Processing Plant (conceptual)

15

Located in Mining Friendly Jurisdic,on

§  Strong State and local support for Haile ê Drill permits received in <2 weeks (650 holes)

ê No Federal, State or local opposiMon to date ê  State offered tax incenMves

- $3M in annual savings - Tax reducMon from 10% to 4%

§  Permitng ê  Federal (404) -‐ SUBMITTED

- Wetlands ê  State (South Carolina)

- Mining / operaMng permit – SUBMITTED - Water treatment permit - Storm water permit - Air permit

- Water (401) – SUBMITTED

Strong Community Rela,ons (July 4, 2010 Parade)

From leW to right: Diane GarreZ (CEO, Romarco), John SpraZ (South Carolina Congressman), Mick Mulvaney (South Carolina State Senator), Jack Estridge (City Counsel)

16

Located in Mining Friendly Jurisdic,on

§  Romarco con,nues to build strong local rela,onships and support ê High local unemployment ê  Romarco hires locally

- 94 employees + 50 contractors ê  $1million/month spent locally

§  Outstanding Business Award (2010)

Ongoing Community Involvement Strong Community Support

17

Resource / Reserve Growth

§  Track record of con,nuing to grow resource base, con,nuity, and quality of ounces §  2010 Explora,on Highlights

ê Discovered Horseshoe, conMnuity between Snake & Horseshoe, high-‐grade Snake Deep, high-‐grade West Ledbeêr, high-‐grade Mill Zone – extension of South Pit

§  Haile remains open in all direc,ons and at depth §  2011 – largest drill program to date

Note: All ounces stated in the table 3 above are contained ounces (1) Non 43-101 Historical Reserve in technical report filed July 17, 2007

* 2010 Resources are within a US$1200 Shell

(1)

Poten,al Mineral Deposits

18

Zone Scenario A

Tonnes x 1000 Scenario B

Tonnes x 1000 Case A g/t

Case B g/t

Horseshoe 16,511 13,956 3.39 2.09

Ledbeêr 21,772 17,582 2.37 0.86

Snake 3,966 3,426 1.99 1.17

Chase Hill 1,633 1,515 1.06 0.93

Mill Zone 1,814 1,573 1.47 1.30

Small 5,039 4,149 0.65 0.62

601 Area 6,666 5,416 0.89 0.82

Champion 6,654 4,968 0.96 0.82

TOTAL 64,056 52,585 2.11 1.18

Poten,al Mineral Deposits (1)

(1)  The resulting potential ranges of quantities and grades listed below are conceptual in nature based on geologic knowledge, interpretation and wireframes. There has been insufficient exploration to define a mineral resource and it is uncertain if further exploration will result in any of the targeted areas being delineated as a mineral resource. The Company currently plans to focus on further exploration drilling within these potential mineral deposits during 2011 and beyond.

Poten,al Mineral Deposits

19

601

Champion

Small

South

Snake

Ledbeger

Chase Hill

Horseshoe

PMD

PMD

PMD

PMD

PMD

PMD

PotenMal Mineral Deposits (PMD)

Surface

MineralizaMon based on drilling

PMD

PMD

20

Significant Remaining Explora,on Upside Poten,al

§  Large district land package with numerous untested zones along Haile gold trend

Haile Long Sec,on – Mineraliza,on based on drill data through September 30th 2010 US$950 GOLD

601 Champion Small South Ledbeger Snake Horseshoe

Snake Horseshoe

21


§  Large district land package with numerous untested zones along Haile gold trend

Snake / Horseshoe Long Sec,on

US$950 PIT

US$1200 SHELL

Horseshoe Resource within US$1200 Shell

Measured & Indicated Inferred

380Koz 180Koz

22


§  2010 drill program of 108,000m confirmed resource at Haile remains open along strike and at depth ê  43,094m of 2010 drilling focused on condemnaMon drilling to locate suitable tailings site

2010 Highlights

§ M&I resources increased 44% § M&I grade increased 21% (to 1.82 g/t) § M&I tonnes increased 20% §  Inferred resources declined 46%

ê  Conversion to indicated §  Inferred grade increased 33% (to 1.34 g/t) §  2P reserves increased 54%

2008 2009 2010 2011

23

Significant Remaining Explora,on Upside Poten,al §  Increasing Resources and Reserves

ê  The resource / reserve summary table below illustrates the tonnage, grade, and contained gold ounces at a US$1,200/oz and $950/oz respecMvely

Upside From Mineraliza,on Not Captured

Deep Horseshoe Zone

§  Zone not yet drill defined along strike and down dip

§  Potential new zone may exist south of main Horseshoe/Snake trend

Snake Deep Zone

§ Mineralization encountered in down dip extensions of Snake deposit

§  Areas lie beneath the resource shell §  Additional drilling is planned

West Ledbetter

§  Drill hole intercepts lie below the resource shell

§  Additional drilling is planned

West South Pit

§  Strike extends beyond the resource shell §  Step-out drilling is planned to test extent

2010 Explora,on Findings

Horseshoe Discovery

§  Confirms underground potential §  Highest grade §  Underground scoping study (2011)

South Pit §  Extending to west and south §  Higher grades encountered

Ledbetter §  Extending to west and at depth §  Higher grades

Snake §  Extending at depth §  Higher grades

Haile Corridor

§  Remains open §  Connecting Horseshoe

24

Strong Board, Management and Technical Team §  Proven gold mine development, finance, permitng and opera,ons experience

ê  Romarco has the team in place to bring Haile into producMon

Experienced Board of Directors Strong Management & Technical Team

Edward A. van Ginkel, Chairman § Consultant, former Noranda, Dayton Mining Diane R. Garreg §  Former Dayton Mining, US Global Investors James R. Arnold §  Former Freeport, Gold Fields – Richards Award Winner Leendert Krol §  Former Brazuro, Newmont Don MacDonald § CFO QuadraFNX, former NovaGold, DeBeers, Dayton Mining John Marsden § Consultant, former Freeport – Richards Award Winner Patrick Michaels § Porqolio Manager – Zuri-‐invest, Switzerland Robert van Doorn §  Former Mundoro, Rio Narcea, Morgan Stanley

Diane R. Garreg, 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 James Berry, Chief Geologist §  Former Barrick Brent Anderson, Mine Manager §  Former Quadra, Freeport Kevin Russel, Regional Geologist §  Former Barrick Jim Wickens, Mill Manager §  Former Barrick Og Jackson, Health & Safety §  Former Freeport Johnny Pappas, Environmental Manager §  Former Freeport Ramona Schneider, Environmental Manager §  Former Kinross Dan Symons, Manager Investor Rela,ons §  Former Renmark Financial

25

Track Record of Achieving Milestones

§  Strong track record of achieving milestones and delivering shareholder returns

03-Feb-09: Completes bankable feasibility study on Haile

03-Mar-09: Completes private placement (72.1M units @ C$0.37/unit); proceeds of C$27M

19-Mar-09: Files 43-101 feasibility study for Haile

13-Aug-09: Completes private placement (52.3M shares @ C$0.88/share); proceeds of $46M

28-Sep-09: Announces acquisition of 662 acres of land adjacent to Haile

01-Dec-09: Announces initiation of feasibility study at Haile

11-Jan-10: Announces expansion of 2010 drill program at Haile

19-Jan-10: Acquisition of additional property at Haile increasing land position by 53%

13-Apr-10: Completes public offering (61M shares @ C$1.97/share); proceeds of C$120M

02-Nov-10: Announces updated in-shell resource estimate at Haile

09-Nov-10: Announces conditional approval for TSX listing

15-Dec-10: Appoints financial advisor for debt financing for Haile

11-Jan-11: Announces drill results of 30.7m of 16.1 g/t Au at Haile

26

Clear Plan to Bring Haile Into Produc,on

§  Strong balance sheet with approximately $100M in cash and no debt(1)

§  Well defined project schedule and clear development milestones

Project Schedule Haile Milestones and Status Report

Milestone / AcMvity Status Finish feasibility study

Final state permit submiêd

401/404 permit submiêd

Resource / reserve report

Complete Haile financials

Expand Haile & Horseshoe 2011

Acquire other properMes 2011

Explore regional targets 2011

2010 2011 2012 2013

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

Feasibility Study

OpMmizaMon

Permirng

ConstrucMon

ProducMon

ExploraMon

(1) As at January 31, 2011

27

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7C?.2. *2:62. 7-,?<3.-

B-6A,13419*I

Market Cap (US$M) $1,195 $3,097 $4,112 $5,532 $1,165 $1165 $1,320 $2,727 $891 $716 $184 $305

Key Project Çöpler Rosia Montana

Donlin Creek

Canadian MalarMc

Rainy River Haile Central

AshanM Detour Lake Livengood Aurora Volcan Angos-‐

tura

Reserves (Au Moz) 2.2 10.1 33.5 8.9 -‐ 2.0 3.4 11.4 -‐ -‐ -‐ 9.0

M&I (Au Moz) 3.7 4.8 4.3 2.2 2.4 3.1 1.0 7.5 6.9 3.2 9.2 0.8

Inferred (Au Moz) 0.1 1.2 4.4 0.5 2.7 1.1 1.7 3.7 1.4 1.4 2.3 1.3

Mine Life 8 16 25 12 -‐ 13 10 16 21 17 -‐ 15

LOM Prod. (Au Koz) 175 511 1,600 630 -‐ 140 192 649 504 250 295 511

LOM Cash Costs(3) $260 $373 $467 $381 -‐ $379 $498 $441 $560 $364 -‐ $391

Source: Metals Economics Group, Company filings (1) Price to NAV based on consensus analyst esCmates (2) Excludes Schemes of Arrangement with Avoca Resources which is expected to be implemented on February 18, 2011 and to begin trading as Alacer on February 21, 2011 (3) LOM cash costs excluding by-‐product credits

Well-‐Posi,oned in Peer Group

§  Romarco trades at a discount to its developer peers on a P/NAV basis(1)

(2)

28

Volta

Vior

US Gold Corp

TemexRye Patch

Riverstone

Premier

Goldstone

Orezone

Northern FreegoldMidway

Coral

Keegan

Victoria

Grayd

Exeter

Cassidy

Belo Sun

Amarillo

Northern Gold

Andina

Osisko

Romarco

Rainy River

Detour

$0

$50

$100

$150

$200

$250

$300

0.0 0.5 1.0 1.5 2.0Gold Grade (g/t)

AMC / oz (U

S$/oz)

Well-‐Posi,oned in Peer Group

§  Romarco trades at a strong AMC(1)/oz mul,ple reflec,ng ê  Large resource base at higher than average grade ê  RelaMvely advanced stage of development with conMnued evidence of upside potenMal

Total Resources

25 Mozs

15 Mozs

5 Mozs

050100

150

200 0.0

0.5

1.0

1.5

2.0

2.5

3.0

3.5

4.0

4.5

5.0

Gol

d G

rade

(g/t)

AMC / Oz (US$/oz)

1 Mozs

Peers

Selected Peers

AmarilloBelo Sun

CassidyExeter

Fronteer

Goldstone

Grayd

Int. Tower Hill

Keegan

Luna

Coral

Midway

Northern Freegold

Northern Gold

Orezone

PedimentPMI

Riverstone ResourcesRye Patch

Temex

US Gold Corp

Victoria

Vior

Volta Resources

Rainy River

Romarco

Detour

Osisko

Andina

$0

$50

$100

$150

$200

$250

$300

0.3 0.8 1.3 1.8 2.3Gold Grade (g/t)

EV /

Oz

(US$

/oz)

AmarilloBelo Sun

CassidyExeter

Fronteer

Goldstone

Grayd

Int. Tower Hill

Keegan

Luna

Coral

Midway

Northern Freegold

Northern Gold

Orezone

PedimentPMI

Riverstone ResourcesRye Patch

Temex

US Gold Corp

Victoria

Vior

Volta Resources

Rainy River

Romarco

Detour

Osisko

Andina

$0

$50

$100

$150

$200

$250

$300

0.3 0.8 1.3 1.8 2.3Gold Grade (g/t)

EV /

Oz

(US$

/oz)

Geography

West Africa, Australia, Mexico

North America, Chile, Brazil

050100

150

200 0.0

0.5

1.0

1.5

2.0

2.5

3.0

3.5

4.0

4.5

5.0

Gol

d G

rade

(g/t)

AMC / Oz (US$/oz)

050100

150

200 0.0

0.5

1.0

1.5

2.0

2.5

3.0

3.5

4.0

4.5

5.0

Gol

d G

rade

(g/t)

AMC / Oz (US$/oz)

050100

150

200 0.0

0.5

1.0

1.5

2.0

2.5

3.0

3.5

4.0

4.5

5.0

Gol

d G

rade

(g/t)

AMC / Oz (US$/oz)

Gold Explorers Compe,,ve Landscape

Source: RBC Equity Research, as of February 8, 2011 (1)  Represents Adjusted Market CapitalizaCon (“AMC”) = Market CapitalizaCon plus Long-‐term Debt minus Working Capital

Torex

Queenston

PMI

Klondex

Guyana GF

2.0 6.0 10.0

Weighted Average Gold Grade: 1.38 g/t

Weighted Average: US$167/oz

29

Analyst Coverage

§  6 Analysts Covering Romarco

ANALYSTS

Paradigm Capital $3.40

BMO Capital Markets $3.25

GMP SecuriMes $3.15

RBC Capital Markets $3.00

Wellington West Capital Markets $2.90

CIBC World Markets $2.50

12 Month Target Price

Opportuni,es – Strip Ra,o

§  Current strip ra,o is 7.2:1 §  Including 5mt (1.1 g/t) inferred within US$950 Pit reduces strip ra,o to 6:1

§  Further reduc,ons are possible through: ê  Remaining saddles between deposits through addiMonal drilling

ê  ConnecMng mineralizaMon at depth between deposits

30

Wheel Loader

Hydraulic Front Shovel Haultruck

Opportuni,es – Expansion §  7000 tpd is PHASE 1 of Developing Haile §  Expansion can come from:

ê  Expansion of current reserves ê Underground ê Open-‐pit and underground ê New deposit ê One of our other properMes

§  Tailings & Plant Site are designed to scale opera,ons from 7,000 to 20,000 tpd

SCALED FOR EXPANSION PHASE 1

7,000 tpd

10,000 tpd requires minimal modifica,ons

§  addi,onal crusher §  flota,on cells

20,000 tpd mirror design of

10,000 tpd opera,on 14,000 tpd

mirror design of 7,000 tpd opera,on

31

32

Summary

§  Near term, low cost gold producer with strong project economics

§  Located in a mining friendly jurisdicMon with excellent infrastructure

§  Large resource with significant remaining exploraMon upside potenMal

§  Strong board, management and technical team

§  Clear plan to bring Haile into producMon

§  Solid cash posiMon (~ US$100 million), no debt

§  11 drill rigs – 172,000 meters drilling scheduled for 2011 (~US$30 million)

§  Drill permits submiêd and pending

33

Romarco Minerals Inc. Brookfield Place

181 Bay Street, Suite 3630 Toronto, Ontario M5J 2T3

Tel: 416.367.5500 Fax: 416.367.5505

Email: [email protected] Website: www.romarco.com

Dan Symons Manager, Investor RelaMons [email protected]

Contact Informa,on Head Office Informa,on