Romarco Minerals Inc.
                        Brookfield Place
                        181 Bay Street
                        Suite 3630
                        Toronto, ON M5J 2T3
                        Canada

                        Telephone: 416.367.5500
                        Fax        416.367.5505

Diane Garrett, President and CEO commented "The repositioning of Romarco's head office to Toronto, Canada's financial centre and the global capital of mine financing is considered an important move at this time for the future direction of Romarco. In addition, the proximity of our headquarters to our exploration and development activities in South Carolina will facilitate daily business, improve logistics and minimize difficulties arising from time zone differences".

The Reno exploration office has been closed and the Vancouver office is in final transition to Toronto. All corporate, accounting and financial functions will be conducted from the Toronto head office.

    About Romarco Minerals Inc.
    ---------------------------

    Romarco Minerals Inc. is a gold development company focused on production
in the US and Mexico. The Company's flagship project is the Haile Gold Mine in
South Carolina which is currently undergoing exploration drilling, bankable
feasibility study and permitting. The Pinos Gold District in Mexico is a high
grade epithermal vein district in the advanced exploration stage.

    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

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    "Neither the TSX Venture 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"

SOURCE ROMARCO MINERALS INC.

Before joining Romarco Minerals Inc., Ms. Vargas was Vice President of Investor Relations with Iberian Minerals Inc. Previously, Victoria worked for almost 5 years at Alamos Gold Inc. and before that, she held a variety of financial and corporate development positions at Kinross from 1994 until 1999. She has also held senior communications roles with industry advocacy associations and held several advisory board capacities with Peruvian, Mexican and Canadian mining industry organizations.

Diane Garrett, President and CEO commented "Romarco's presence within the global investment community is growing, as is our need for a seasoned investor relations executive to lead this important function. Victoria's extensive experience with publicly traded mining companies, their relationships with the investment community, and intimate understanding of the capital markets brings additional credibility to all our communications initiatives that reach these important audiences".

About Romarco Minerals Inc.

Romarco Minerals Inc. is a gold development company focused on production in the US and Mexico. The Company's flagship project is the Haile Gold Mine in South Carolina which is currently undergoing exploration drilling, bankable feasibility study and permitting. The Pinos Gold District in Mexico is a high grade epithermal vein district in the advanced exploration stage.

    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

    -------------------------------------------------------------------------
    "Neither the TSX Venture 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"

SOURCE ROMARCO MINERALS INC.

Summary of Transactions

On October 5, 2009, Sun Valley sold, on behalf of the Beneficial Owners, 18,000,000 common shares of Romarco over which Sun Valley exercised control and direction. The 18,000,000 common shares represented approximately 5.1% of the common shares of Romarco issued and outstanding on such date. Of such 18,000,000 common shares sold on behalf of the Beneficial Owners, 11,822,500 (representing approximately 3.4% of the common shares of Romarco issued and outstanding on such date) were beneficially owned by the Master Fund. The balance of the 18,000,000 common shares sold by Sun Valley were beneficially owned by three other Beneficial Owners on behalf of which Sun Valley manages investment accounts.

On October 5, 2009, Sun Valley exercised, on behalf of the Beneficial Owners, 17,650,000 common share purchase warrants of Romarco, each of which entitled the holder thereof to purchase one common share of Romarco until April 1, 2010. The 17,650,000 common shares of Romarco to be issued in connection with the exercise of such warrants will represent approximately 4.8% of the common shares of Romarco outstanding immediately following such issuance. Of such 17,650,000 common shares of Romarco to be issued to the Beneficial Owners, 11,472,500 (representing approximately 3.1% of the common shares of Romarco issued and outstanding immediately following such issuance) will be beneficially owned by the Master Fund. The balance of the 17,650,000 common shares to be issued in connection with the exercise of such warrants will be beneficially owned by three other Beneficial Owners on behalf of which Sun Valley manages investment accounts.

Summary of Ownership Interest in Romarco

Upon completion of the transactions described above, Sun Valley will exercise control and direction over an aggregate of 90,768,689 common shares of Romarco (representing approximately 24.5% of the issued and outstanding common shares of Romarco) and 6,000,000 common share purchase warrants of Romarco. If all of the common share purchase warrants over which Sun Valley exercises control and direction were exercised (but not any other common share purchase warrants of Romarco), Sun Valley would exercise control and direction over approximately 25.7% of the issued and outstanding common shares of Romarco following such exercise.

The Master Fund is the beneficial owner of 63,586,589 common shares of Romarco (representing approximately 17.2% of the issued and outstanding common shares of Romarco) and 2,000,000 common share purchase warrants of Romarco. If all of the common share purchase warrants beneficially owned by the Master Fund were exercised (but not any other common share purchase warrants of Romarco, including other common share purchase warrants over which Sun Valley exercises control and direction), the Master Fund would beneficially own approximately 17.6% of the issued and outstanding common shares of Romarco following such exercise.

The balance of the common shares and common share purchase warrants of Romarco over which Sun Valley exercises control and direction will be beneficially owned by three other Beneficial Subscribers on behalf of which Sun Valley manages investment accounts.

FOR FURTHER INFORMATION, OR TO OBTAIN A COPY OF THE EARLY WARNING REPORT FILED BY THE OFFERORS REQUIRED BY APPLICABLE SECURITIES LEGISLATION PLEASE SEE THE CONTACT INFORMATION BELOW:

SOURCE: Sun Valley Gold LLC

Sun Valley Gold LLC
Mr. Peter F. Palmedo
President
(208) 726-2327
(208) 726-2469 (FAX)