Romarco announces 2011 fourth quarter and year end results

TORONTO, March 12, 2012 /CNW Telbec/ - ROMARCO MINERALS INC.

Highlights from the results include:

        --  Cash balance at December 31, 2011 is $115.4 million.

        --  On February 7, 2012, the Company announced an updated mineral
            resource estimate containing 71.2 million tonnes at 1.77 g/t
            for 4.0 million gold ounces of measured and indicated material,
            with an additional 20.1 million tonnes at 1.24 g/t for 0.8
            million gold ounces of inferred material.

        --  Drilled approximately 179,000 meters in 2011, of which 79% was
            exploration at Haile, 12% of condemnation at Haile and 9% of
            regional exploration. During the fourth quarter of 2011,
            drilled approximately 40,500 meters of which 68% was
            exploration at Haile, 7% of condemnation at Haile and 25% of
            regional exploration.

        --  Discovered two new, high-grade zones through exploration:
            Mustang and Palomino at Haile.

        --  Advanced 404 Wetlands Permit:  the US Army Corps of Engineers
            (the 'Corps') filed the Environmental Impact Study ('EIS')
            notice, selected Cardno ENTRIX as third-party contractor,
            announced and held Public Scoping meeting and completed scoping
            comment period.

        --  Increased controlled land position by 4,213 acres (1,705
            hectares) or 62% to 11,054 acres (4,473 hectares). The Company
            now controls approximately 11,138 acres (4,507 hectares) at
            March 12, 2012.

        --  Reported $3.4 million net loss for the three months ended
            December 31, 2011.  The reported net loss for the year ended
            2011 is $15.7 million.

        --  Completed C$92.6 million gross proceeds equity financing in
            fourth quarter.

        --  Secured key long lead-time equipment with financial commitments
            of $42.2 million at December 31, 2012.

        --  Completed positive feasibility study for Haile project.

        --  Permitted and constructed the Kershaw Mineral Lab on time and
            under budget -passed two of three tests for ISO/IEC 17025:2005
            accreditation.

        --  No environmental fines or infractions for the year.

        --  Acquired five regional exploration targets - 3 in South
            Carolina, 2 in North Carolina and initiated exploration.

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

The resource calculations were completed by Independent Mining Consultants of Tucson, Arizona under the direction of Mr. John Marek, PE, an independent Qualified Person ('Q.P.') pursuant to NI 43-101.

All Q.P. individuals have reviewed and approved this press release.

For a full discussion of the Company's sampling, analysis, quality assurance, quality control, and other technical disclosure, please see the Company's NI 43-101 Technical Report dated February 10, 2011 on SEDAR.  Romarco's Q.P. under NI 43-101 is James Berry, chief geologist at Haile.

About Romarco Minerals Inc.

Romarco Minerals Inc. is a gold development company engaged in the acquisition, exploration and development of precious metals mineral properties.  The Company has completed a positive Feasibility study and is continuing exploration and permitting for its flagship project, the Haile Gold Mine in South Carolina.

ROMARCO MINERALS INC.

CONTACT: Romarco Minerals Inc.

Diane Garrett, President and CEO

Phone: 210-621-4200

E-mail: dgarrett@romarco.com



Dan Symons, Vice President, Investor Relations

Phone: 416-367-5500

E-mail: dsymons@romarco.com



Renmark Financial Communications Inc.

Maurice Dagenais 514-939-3989 or via e-mail

at mdagenais@renmarkfinancial.com



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.