Romios Gold Closes $3.25 Million Financing and Offers Up to a Further $1.986 Million of WC Units

TORONTO, ONTARIO -- (Marketwire) -- 07/28/11 -- Romios Gold Resources Inc. (TSX VENTURE: RG)(OTCBB: RMIOF)(FRANKFURT: D4R) ('Romios' or the 'Company') is pleased to announce the closing of a non-brokered private placement of $3,250,000 with the MineralFields Group.

Romios placed 4,999,997 flow-through units of the Company at a price of $0.60 per unit, for gross proceeds of $3,000,000. Each unit (a 'FT Unit') consisted of one flow-through common share of the Company and one-half (1/2) non flow-through share purchase warrant (a 'Warrant'). Each full Warrant entitles the holder to acquire an additional common share at $1.00 per share until the earlier of: (i) the date which is twelve (12) months following the Closing Date; and (ii) in the event that that the closing price of the common shares on the TSX Venture Exchange is at least $1.25 for ten (10) consecutive trading days, and the 10th trading day (the 'Final Trading Day') is at least four (4) months from the Closing Date, the date which is thirty (30) days from the Final Trading day (the 'Trigger Date').

Romios also placed 480,769 working capital units of the Company at a price of $0.52 per unit, for gross proceeds of $250,000. Each working capital unit (a 'WC Unit') consisted of one common share of the Company and one (1) share purchase warrant (a 'WC Warrant'). Each WC Warrant entitles the holder to acquire an additional common share at $1.00 per share until the earlier of: (i) the date which is twelve (12) months following the Closing Date; and (ii) the Trigger Date.

Limited Market Dealer Inc. received a finder's fee of $162,500, a due diligence fee of $65,000 plus H.S.T. and 548,075 Broker Options exercisable into a common share @ $1.00 for a period of twelve (12) months after the Closing Date.

Securities issued pursuant to the above referenced private placements are legended and restricted from trading until November 29, 2011.

The Company plans to leave the WC Units offering open and may place up to a further 3,819,231 WC Units for up to a further $1,986,000.

The funds will be used for exploration on the Company's properties and for working capital.

'We are very pleased to be renewing our relationship with MineralFields Group' said Tom Drivas, President and Chief Executive Officer. 'This is an important milestone in the growth of the Company and we look forward to working with MineralFields Group as we develop our projects.'

About MineralFields Group

MineralFields Group (a division of Pathway Asset Management), based in Toronto, Montreal, Vancouver and Calgary, is a mining fund with significant assets under administration that offers its tax-advantaged super flow-through limited partnerships to investors throughout Canada as well as hard-dollar resource limited partnerships to investors throughout the world. The sector focus is on gold and precious metals, base metals, rare earths and lithium, potash, uranium, oil, coal and gas. Pathway Asset Management also specializes in the manufacturing and distribution of structured products and mutual funds (including the Pathway Multi Series Funds Inc. corporate-class mutual fund series). Information about MineralFields Group is available at www.mineralfields.com. First Canadian Securities ® (a division of Limited Market Dealer Inc.) is active in leading resource financings (both flow-through and hard dollar PIPE financings) on competitive, effective and service- friendly terms, and offers investment banking, mergers and acquisitions, and mining industry consulting, services to resource companies. MineralFields and Pathway have financed several hundred mining and oil and gas exploration companies to date through First Canadian Securities ®, and have raised over $1 billion in their 10 year history.

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

Exchange Listings and Symbols: (TSX VENTURE: RG)(OTCBB: 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: http://www.romios.com/

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, except as required by law. Shareholders are cautioned not to put undue reliance on such forward-looking statements.

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.

Contacts:

Romios Gold Resources Inc.

Tom Drivas

President and Director

416-221-4124

416-218-9772 (FAX)
romios@romios.com


Romios Gold Resources Inc.

Michael D'Amico

CFO, Investor Relations

647-500-6023
Michael@baystreetconnect.com


Romios Gold Resources Inc.

Mel de Quadros Ph.D., P.Eng.

Director

416-668-6145
ymirconsulting@gmail.com
www.romios.com