1. Corporate
Presenta,on
April
2011

2. Cau,onary
Statement
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.
2
All figures are US$ unless otherwise indicated

3. Introduc,on
to
the
Haile
Gold
Mine
Project
FEBRUARY 2011 § Feasibility completed
$275 million § One of lowest capital cost projects in industry
$379/oz § One of lowest operating cost projects in industry
($347/oz first 5 years)
2.06 g/t § One of highest grade open-pit projects in industry
3

4. Romarco
–
Company
Overview
Company
Descrip,on
§ 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 Feasibility
study
completed
Project
Loca,on
ê Permits
Pending
NORTH
Charlotte
CAROLINA
ê System
remains
open
in
all
direc6ons
at
depth
Haile Mine
§ Experienced
board,
management
&
technical
team
Myrtle
SOUTH Beach
Columbia
Capitaliza,on
Summary
CAROLINA
Exchange/
Symbol
TSX:R
Share
Price(1)
C$2.22
Shares
Outstanding
(Basic)(2)
503.1M
GEORGIA Atlantic Ocean
FD
Shares
Outstanding
(TSM)(2)
516.5M
Market
Capitaliza6on(1)
C$1.12B
52
Week
High
/
Low
C$2.88
/
C$1.53
Cash
Balance
(March
31,
2011)
C$88M
(1)
As
at
close
on
March
31,
2011
(2)
Calculated
using
treasury
stock
method.
Includes
13.4mm
opAons
at
average
strike
price
of
C$1.22
as
of
March
31,
2011
4
181
Bay
St.
Suite
3630,
Toronto,
ON,
M5J
2T3
│Email:
info@romarco.com
│Office:
416.367.5500
│Fax:
416.367.5505
│Website:
www.romarco.com

5. Mining
Friendly
Jurisdic,on
with
Excellent
Infrastructure
Haile
Project
Loca,on
§ South
Carolina
is
a
mining
friendly
state
Kentucky
with
a
history
of
gold
mining
West
Virginia
ê Loca6on
of
1st
gold
rush
(before
California)
Tennessee
ê Carolinas
led
U.S.
gold
produc6on
un6l
1848
ê 2nd
U.S.
Mint
in
CharloTe,
North
Carolina
Russell
Mine
ê Original
49ers
came
from
east
coast
Reed
Mine
Howie
Mine
North
Carolina
ê Significant
gold
produc6on
in
80s
–
90s
Haile
Mine
Brewer
Mine
ê Mining
part
of
local
history/community
Dorn
Mine
Ridgeway
Mine
ê 500
ac6ve
mines
in
South
Carolina
Magruder
Mine
Bante
Mine
Tathom
Mine
South
Carolina
§ Romarco
controls
9,000+
acres
of
100%
Columbia
Mine
private
land
Georgia
ê Surface,
mineral
and
water
rights
5

6. Investment
Highlights
§ Near
term,
low
cost
gold
producer
with
strong
project
economics
§ Located
in
a
mining
friendly
jurisdic6on
with
excellent
infrastructure
§ Large
resource
with
significant
remaining
explora6on
upside
poten6al
§ Strong
board,
management
and
technical
team
§ Clear
plan
to
bring
Haile
into
produc6on
§ Solid
cash
posi6on
(~US$88
million),
no
debt
–
as
of
March
31,
2011
§ 11
drill
rigs
-­‐
172,000
meters
drilling
scheduled
for
2011
(~US$30
million)
§ Haile
system
remains
open
in
all
direc6ons
at
depth
6

7. Resource
Summary
In-­‐Shell
Resource
/
Reserve
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
$950
Pit
Feasibility
$1200
Resource
Shell
N
$950
Pit
area
accounts
for
less
than
10%
of
the
Haile
property.
7

8. US$950
Gold
-­‐
Reserve
Pits
§ Mineraliza,on
exists
outside
&
below
US$950
reserve
pits
§ Feasibility
does
not
include
Champion
ê Horseshoe
ê Snake
Deep
601
ê West
LedbeTer
Chase
Hill
Ledbeier
ê West
South
Pit
ê 601
Small
Horseshoe
South
Snake
8

9. Near
Term,
Low
Cost
Gold
Producer
§ Posi,ve
feasibility
study
on
Haile
Summary
of
Haile
Feasibility
Study
(US$950
Gold)
announced
on
Feb.
9,
2011
2
P
Gold
Reserves
( 000
oz)
2,018
§ Strong
project
economics
with
robust
Recovery
Rate
(%)
83.7
IRR
and
NPV
at
conserva,ve
gold
Net
Recoverable
Gold
( 000
oz)
1,681
prices
Annual
Mill
Throughput
( 000
t)
2,555
ê Low
cash
cost
opera6on
Daily
Mill
Throughput
(tpd)
7,000
ê Manageable,
low
cost
capital
requirements
Mine
Life
(years)
13.25
§ Posi,ve
feasibility
study
does
not
Overall
Strip
Ra6o
(waste:ore)
7.2:1
include
Average
Feed
Grade
to
Mill
(LOM)
(g/t)
2.06
ê Horseshoe
zone
Average
Produc6on
(year
1)
( 000
oz)
172
ê Snake
Deep
Average
Produc6on
(years
1
-­‐
5)
( 000
150
oz)
ê West
LedbeTer
Cash
Costs
(year
1-­‐5)
(US$/oz)
347
ê West
South
Pit
Cash
Costs
(LOM)
(US$/oz)
379
ê 601
Ini6al
Capital
Expenditures
(US$M)
275.5
ê Inferred
resources
within
US
$950
Pit
Sustaining
Capital
Expenditures
(US$M)
119.2
§ Open
all
direc,ons
and
at
depth
Net
Present
Value
(5%
discount)
§ 2011
economic
studies
Pre-­‐Tax
(US$M)
279
ê Underground
at
Horseshoe
Internal
Rate
of
Return
ê Expansion
Pre-­‐Tax
(%)
19.6
9
ê Trade
off

10. NPV
&
IRR
Sensi,vity
to
Gold
Price
Pre-­‐tax
NPV
and
IRR
Sensi,vity
to
Gold
Price
($
Millions,
except
gold
price)
Gold
Price
PAYBACK
NPV
@0%
NPV
@
5%
NPV
@
10%
IRR
%
Per
oz.
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
10

11. Favourable
Posi,on
on
the
Cash
Cost
Curve
Average Cash Cost
lowest quartile Q3 2010 (1)
§ 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
ROMARCO
Lowest
Quar6le
Average
LOM
Average
(2)
Average
Q3
2010
(1)
Q3
2010
(1)
(1) Source: GFMS presentation, Gold Survey 2010 Update
(2) Announced February 9, 2011
11

12. Clear
Plan
to
Bring
Haile
Into
Produc,on
Design
Overflow
&
Process
Descrip,on
§ Conven,onal
opera,on
Design
Overflow
Process
Descrip,on
§ Simple
flowsheet
§ Robust
“Simple”
§ Off-­‐the-­‐shelf
Crush
Æ
Grind
Æ
Flota,on
Flowsheet
technology
§ Proven
Technologies
Regrind
Flot
Con
Æ
Leach
Con
§ Ability
to
expand
project
scale
to
include
§ Flexible,
Expandable
Leach
Flot
Tail
Æ
Recover
both
addi,onal
resource
discoveries
§ Non-­‐Refractory
CN
Detox
Æ
Tail
Storage
Facility
§ Off-­‐The-­‐Shelf
Standard
Carbon
Elu,ons,
EW
Technology
§ No
Long
Lead
Time
Units
12

13. Processing
Plant
(conceptual)
13

14. Site
Layout
US$950
Pits
Overburden
Tailings
Facility
Mill
Site
14

15. Located
in
Mining
Friendly
Jurisdic,on
§ Strong
State
and
local
support
for
Haile
Strong
Community
Rela,ons
(July
4,
2010
Parade)
ê Drill
permits
received
in
<2
weeks
(650
holes)
ê No
Federal,
State
or
local
opposi6on
to
date
ê State
offered
tax
incen6ves
• $3M
in
annual
savings
• Tax
reduc6on
from
10%
to
4%
§ Permiung
ê Federal
(404)
-­‐
SUBMITTED
• Wetlands
ê State
(South
Carolina)
• Mining
/
opera6ng
permit
–
SUBMITTED
- Water
treatment
permit
- Storm
water
permit
- Air
permit
• Water
(401)
–
SUBMITTED
From
leS
to
right:
Diane
GarreV
(CEO,
Romarco),
John
SpraV
(South
Carolina
Congressman),
Mick
Mulvaney
(South
Carolina
State
Senator),
Jack
Estridge
(City
Counsel)
15

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
• 102
employees
+
50
contractors
ê $1
million/month
spent
locally
§ Outstanding
Business
Award
(2010)
Ongoing
Community
Involvement
Strong
Community
Support
16

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,
con6nuity
between
Snake
&
Horseshoe,
high-­‐grade
Snake
Deep,
high-­‐grade
West
LedbeTer,
high-­‐grade
Mill
Zone
–
extension
of
South
Pit
§ Haile
remains
open
in
all
direc,ons
and
at
depth
§ 2011
–
largest
drill
program
to
date
* 2010 Resources are within a US$1200 Shell
(1)
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
17

18. Poten,al
Mineral
Deposits
§ Drill
targets
for
2011
Poten,al
Mineral
Deposits
(1)
Scenario
A
Scenario
B
Case
A
Case
B
Zone
Tonnes
x
1000
Tonnes
x
1000
g/t
g/t
Horseshoe
16,511
13,956
3.39
2.09
LedbeTer
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
(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
18
as a mineral resource. The Company currently plans to focus on further exploration drilling within these potential mineral deposits during 2011 and beyond.

19. Poten,al
Mineral
Deposits
601
Poten6al
Mineral
Deposits
(PMD)
PMD
Small
Surface
Mineraliza6on
based
on
drilling
PMD
South
Snake
PMD
Champion
Chase
Hill
PMD
PMD
PMD
Horseshoe
Ledbeier
PMD
PMD
19

20. Significant
Remaining
Explora,on
Upside
Poten,al
§ 2010
drill
program
of
108,000m
confirmed
resource
at
Haile
remains
open
along
strike
and
at
depth
ê 40%
of
2010
drilling
focused
on
condemna6on
drilling
to
locate
suitable
tailings
site
§ M&I resources increased 44%
§ M&I grade increased 21% (to 1.82 g/t)
§ M&I tonnes increased 20%
2010
§ Inferred resources declined 46%
Highlights
ê Conversion to indicated
§ Inferred grade increased 33% (to 1.34 g/t)
§ 2P reserves increased 54%
2008
2009
2010
2011
20

21. Significant
Remaining
Explora,on
Upside
Poten,al
§ Large
district
land
package
with
numerous
untested
zones
along
Haile
gold
trend
601
Champion
Small
South
Ledbeier
Snake
Horseshoe
Haile
Long
Sec,on
–
Mineraliza,on
based
on
drill
data
through
September
30th
2010
US$950
GOLD
21

22. Significant
Remaining
Explora,on
Upside
Poten,al
§ Large
district
land
package
with
numerous
untested
zones
along
Haile
gold
trend
US$950
PIT
Snake
Horseshoe
Resource
within
US$1200
Shell
Horseshoe
Measured
&
Indicated
380Koz
Inferred
180Koz
US$1200
SHELL
Snake
/
Horseshoe
Long
Sec,on
22

23. Significant
Remaining
Explora,on
Upside
Poten,al
2010
Explora,on
Findings
Upside
From
Mineraliza,on
Not
Captured
§ Confirms underground potential § Zone not yet drill defined along strike and
Horseshoe Deep down dip
§ Highest grade Horseshoe
Discovery § Potential new zone may exist south of
§ Underground economic study (2011) Zone
main Horseshoe/Snake trend
§ Extending to west and south § Mineralization encountered in down dip
South Pit
§ Higher grades encountered Snake extensions of Snake deposit
Deep
§ Areas lie beneath the resource shell
Zone
§ Additional drilling is planned
§ Extending to west and at depth
Ledbetter
§ Higher grades
§ Drill hole intercepts lie below the resource
West shell
Ledbetter
§ Extending at depth § Additional drilling is planned
Snake
§ Higher grades
Haile § Remains open West South § Strike extends beyond the resource shell
Corridor Pit § Step-out drilling is planned to test extent
§ Connecting Horseshoe
23

24. Strong
Board,
Management
and
Technical
Team
§ Proven
gold
mine
development,
finance,
permiung
and
opera,ons
experience
ê Romarco
has
the
team
in
place
to
bring
Haile
into
produc6on
Experienced
Board
of
Directors
Strong
Management
&
Technical
Team
Edward
A.
van
Ginkel,
Chairman
Diane
R.
Garrei,
Ph.D.,
President
&
CEO
§ Consultant,
former
Noranda,
Dayton
Mining
§ Former
Dayton
Mining,
US
Global
Investors
Diane
R.
Garrei
James
R.
Arnold,
Sr.
VP,
COO
§ Former
Dayton
Mining,
US
Global
Investors
§ Former
Freeport,
Gold
Fields
–
Richards
Award
Winner
James
R.
Arnold
Stan
Rideout,
Sr.
VP,
CFO
§ Former
Freeport,
Gold
Fields
–
Richards
Award
Winner
§ Former
Phelps
Dodge
Leendert
Krol
James
Berry,
Chief
Geologist
§ Former
Brazuro,
Newmont
§ Former
Barrick
Don
MacDonald
Brent
Anderson,
Mine
Manager
§ CFO
QuadraFNX,
former
NovaGold,
DeBeers,
Dayton
Mining
§ Former
Quadra,
Freeport
John
Marsden
Kevin
Russel,
Regional
Geologist
§ Consultant,
former
Freeport
–
Richards
Award
Winner
§ Former
Barrick
Patrick
Michaels
Jim
Wickens,
Mill
Manager
§ Porpolio
Manager
–
Zuri-­‐invest,
Switzerland
§ Former
Barrick
Robert
van
Doorn
Oi
Jackson,
Health
&
Safety
§ Former
Mundoro,
Rio
Narcea,
Morgan
Stanley
§ Former
Freeport
Johnny
Pappas,
Environmental
Manager
§ Former
Freeport
Ramona
Schneider,
Environmental
Manager
§ Former
Kinross
Dan
Symons,
Manager
Investor
Rela,ons
§ Former
Renmark
Financial
24

25. Track
Record
of
Achieving
Milestones
§ Strong
track
record
of
achieving
milestones
and
delivering
shareholder
returns
15-Dec-10:
Appoints financial
advisor for debt
financing for Haile 22-Feb-11:
Files NI 43-101
feasibility study for
02-Nov-10: Haile
Announces
01-Dec-09: updated in-shell
Announces resource estimate
initiation of at Haile
13-Apr-10:
feasibility study at Completes public
Haile offering (61M
shares @ C$1.97/
28-Sep-09: share); proceeds
Announces of C$120M
acquisition of 662
acres of land
03-Mar-09: adjacent to Haile
Completes
private
placement
(72.1M units @ 13-Aug-09:
C$0.37/unit); Completes private
proceeds of C placement (52.3M
$27M shares @ C$0.88/
share); proceeds
of $46M
19-Mar-09:
Files 43-101
feasibility
03-Feb-09: 3-Feb-11:
study for Haile Announces 2011
Completes 09-Nov-10:
bankable Announces 172,000 m drill 9-Mar-11:
feasibility conditional program and Announces drill
study on approval for TSX increased land results of 31.8 m of
Haile listing holdings of 79,000 ac 17.3 g/t Au at Haile
19-Jan-10:
11-Jan-10: Acquisition of 11-Jan-11:
Announces additional property Announces drill
expansion of 2010 at Haile increasing results of 30.7 9-Feb-11:
drill program at land position by m of 16.1 g/t Au Completes feasibility
Haile 53% at Haile study for Haile
25

26. Clear
Plan
to
Bring
Haile
Into
Produc,on
§ Strong
balance
sheet
with
approximately
$84M
in
cash
and
no
debt(1)
§ Well
defined
project
schedule
and
clear
development
milestones
Project
Schedule
Haile
Milestones
and
Status
Report
2010
2011
2012
2013
Milestone
/
Ac6vity
Status
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
Complete
feasibility
study

Feasibility
Study
State
opera6ng
permit

submiTed
Op6miza6on
401/404
permit
submiTed

Permiqng
Resource
/
reserve
report

Construc6on
Complete
Haile
financials

Produc6on
Expand
Haile
&
Horseshoe
2011
Explora6on
Acquire
other
proper6es
2011
Explore
regional
targets
2011
26
(1)
As
at
February
28,
2011

27. Well-­‐Posi,oned
in
Peer
Group
§ Romarco
trades
at
a
discount
to
its
developer
peers
on
a
P/NAV
basis(1)
R-T
(1)
Source:
Wellington
West
Capital
Markets
27

28. Well-­‐Posi,oned
in
Peer
Group
$300 Osisko
Romarco
§ Romarco
trades
at
a
strong
AMC(1)/oz
mul,ple
reflec,ng
$300 Osisko
ê Large
resource
base
at
higher
t$250 verage
grade
han
a Luna Romarco
ê Rela6vely
advanced
stage
of
development
with
con6nued
evidence
of
upside
poten6al
US Gold Corp
$250 Luna Total
Resources
Gold
Explorers
Compe,,ve
Landscape
$200
$350 US
Gold
Corp
Weighted
Average
Gold
Grade:
US Gold Corp
1.39
g/t
Queenston
Premier Rainy River 25
Mozs
EV / Oz (US$/oz)
$300
$200
Rainy River 15
Mozs
EV / Oz (US$/oz)
$250 $150 Romarco
Osisko
5
Mozs
AMC
/
oz
(US$/oz)
Torex
$150
Keegan
$200 Detour 1
Mozs
Keegan
Geography
Weighted
Average:
US$175/oz
Fr
Detour
$150
$100
Rainy
River
Goldstone Keegan
Orezone
Guyana
GF
Int. Tower Hill West
AFronteer
frica,
Australia,
Mexico
$100 Volta $100
Detour
Goldstone
Orezone Goldstone Victoria
Grayd
Belo
Sun
Int. Tower Hill PMI
Klondex
Exeter
Riverstone Orezone Victoria North
America,
Amarillo
$50 Northern
Gold
Grayd Chile,
Brazil
Rye
Patch
Andina
Northern
Freegold
$50 Midway
Volta Resources
Cassidy
Belo Sun
Amarillo Peers
Temex Vior
Grayd Riverstone Resources
$0
Coral Victoria
$50 Rye Patch Resources
Volta
Exeter
Belo Sun
Amarillo
Pediment Midway
Riverstone Resources
0.0 0.5 1.0 Rye Patch 1.5 2.0 2.0 7.0 12.0
Vior Cassidy
Selected
Peers
Gold
Grade
(Exeter
g/t) Northern Freegold
Pediment Midway
Temex
Vior Cassidy
Source:
RBC
Equity
Research,
as
of
March
31,
2011
Northern Freegold Northern Gold
28
(1) Represents
Adjusted
Market
CapitalizaAon
(“AMC”)
=
Market
CapitalizaAon
plus
Long-­‐term
Debt
minus
Working
Capital
$0 Northern Gold
Temex
200
150
$0 Coral
0.3 Coral Andina 0.8 1.3 1.8
0.3 Andina 0.8 1.3 1.8 2.3
Gold G

29. Analyst
Coverage
§ 6
Analysts
Covering
Romarco
ANALYSTS
12
Month
Target
Price
Paradigm
Capital
$3.40
BMO
Capital
Markets
$3.25
GMP
Securi6es
$3.10
RBC
Capital
Markets
$3.00
Wellington
West
Capital
Markets
$2.90
CIBC
World
Markets
$2.50
29

30. Opportuni,es
–
Strip
Ra,o
§ Current
strip
ra,o
is
7.2:1
§ If
5mt
(1.1
g/t)
of
inferred
within
US
$950
Pit
is
processed
strip
ra,o
reduces
to
6:1
§ Further
reduc,ons
are
possible
through:
ê Remaining
saddles
between
deposits
through
addi6onal
drilling
Wheel
Loader
ê Connec6ng
mineraliza6on
at
depth
between
deposits
Haultruck
Hydraulic
Front
Shovel
30

31. 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
regional
proper6es
§ Tailings
&
Plant
Site
are
designed
to
scale
20,000
tpd
opera,ons
from
7,000
to
20,000
tpd
mirror
design
of
10,000
tpd
14,000
tpd
opera,on
mirror
design
of
7,000
tpd
10,000
tpd
opera,on
requires
minimal
modifica,ons
7,000
tpd
§
§
addi,onal
crusher
flota,on
cells
PHASE
1
SCALED
FOR
EXPANSION
31

32. Summary
§ Near
term,
low
cost
gold
producer
with
strong
project
economics
§ Located
in
a
mining
friendly
jurisdic6on
with
excellent
infrastructure
§ Large
resource
with
significant
remaining
explora6on
upside
poten6al
§ Expansion
studies
underway
§ Underground
economic
studies
underway
§ Solid
cash
posi6on
(~
US$88
million),
no
debt
–
as
of
March
31,
2011
§ 11
drill
rigs
–
172,000
meters
drilling
scheduled
for
2011
(~US$30
million)
§ Permits
submiTed
and
pending
32

33. Contact
Informa,on
Head
Office
Informa,on
Dan
Symons
Romarco
Minerals
Inc.
Manager,
Investor
Rela6ons
Brookfield
Place
dsymons@romarco.com
181
Bay
Street,
Suite
3630
Toronto,
Ontario
M5J
2T3
Tel:
416.367.5500
Fax:
416.367.5505
Email:
info@romarco.com
Website:
www.romarco.com
33