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Romios Closes $605,000 Non-Brokered Offering

Press Release

TORONTO, ONTARIO, November 8, 2018, Romios Gold Resources Inc. (“Romios” or the “Company”)(TSX.V-RG) (OTC-PK: RMIOF) (Frankfurt: D4R) is pleased to announce that, further to its press releases of September 26, 2018 and October 2, 2018, it has closed the final tranche of its non-brokered private placement (the “Offering”) with the sale of 625,000 working capital units (the “WC Unit”) at a price of $0.08 per WC Unit for $50,000, raising an aggregate of $605,000 under the Offering. The securities issued in this second tranche are subject to a statutory hold period expiring on March 9, 2019.

Proceeds from this tranche will be used for working capital.

Each WC Unit is priced at $0.08 and consists of one (1) common share and one (1) common share purchase warrant (“WC Warrant”).  Each WC Warrant entitles the holder to purchase one (1) common share (a “WC Warrant Share”) at a price of $0.12 per WC Warrant Share until the date which is twelve (12) months following the Closing of the Offering.

An insider of the Company subscribed for 125,000 WC Units of this Offering. The insider private placement is exempt from the valuation and minority shareholder approval requirements of Multilateral Instrument 61-101 (“MI 61-101”) by virtue of the exemptions contain in section 5.5(a) and 5.7(1) (a) of MI 61-101 in that the fair market value of the consideration for the securities of the Company issued to the insider did not exceed 25% of its market capitalization.

About Romios Gold Resources Inc.

Romios Gold Resources Inc., a progressive Canadian mineral exploration company established in 1995, is engaged in precious and base metal exploration primarily focused on gold, silver and copper on its properties in the Golden Triangle area, northwestern British Columbia. In addition to the properties in the Golden Triangle area, Romios holds a 100% interest in the Lundmark-Akow Lake property in Ontario, the LaCorne Property in Quebec and the Scossa Property in Nevada. It also holds a 2% Net Smelter Return Royalty on the Hislop property in Ontario.

For further information, please contact:

Tom Drivas, President and Director, (tel) 416-221-4124, (fax) 416-218-9772 or (email) [email protected]

Frank van de Water, Chief Financial Officer and Director, (tel) 416-221-4124 or (email) [email protected]


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