Romios announces an unmediated offer of $ 500,000

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Toronto, Ontario – (Newsfile Corp. – October 7, 2021) – Romios Gold Resources Inc.(TSXV: RG)(OTCQB: RMIOF) (FSE: D4R)(“Romios“or the”Society“)is pleased to announce the offer of a non-brokered private placement of up to 10,000,000 flow-through units (the “FT units“) up to $ 500,000 or up to 10,000,000 working capital units (the”WC units“) up to $ 500,000 or a combination thereof up to a maximum of 10,000,000 units (the”Offer“).

Each FT unit is priced at $ 0.05 and consists of one (1) common share and one-half (0.5) warrant. Each full mandate (a “Warrant “) allows its holder to purchase one (1) common share (a”Warrant share“) at a price of $ 0.08 per Warrant Share until the date falling twelve (12) months after the closing of the offering.

Each WC unit is priced at $ 0.05 and consists of one (1) common share and one (1) common share purchase warrant (a “WC mandate“). Each WC Warrant authorizes its holder to purchase one (1) ordinary share (a”Share of WC warrants“) at a price of $ 0.08 per WC warrant share until the date which is twelve (12) after the closing of the offering.

Eligible Finders may receive up to 6% of the value of the proceeds from the sale of WC Units and FT Units in cash and up to 6% of the number of FT Units or WC Units sold in the form of warrants. broker. Each broker’s warrant (“Broker mandates“) issued in connection with the sale of FT units or WC units allows the holder to acquire one (1) common share of the Company at a price of $ 0.05 for twelve (12) months from the date of closing of the placement.

The funds will be used for exploration and working capital. All securities issued in connection with the placement are subject to a legal hold period of four months. The offering is expected to close before the end of October and is subject to certain conditions, including, but not limited to, approval by the TSX Venture Exchange.

Insiders of the Company will subscribe for up to $ 130,000 in FT Units and $ 25,000 in WC Units under the Offering. Private placements of insiders are exempt from the valuation and minority shareholder approval requirements of Multilateral Instrument 61-101 (“MI 61-101“) under the exemptions provided for in sections 5.5 (a) and 5.7 (1) (a) of Regulation 61-101 in that the fair market value of the consideration for the securities of the Company to be issued to insiders does not exceed 25% of its market capitalization.

The securities to be offered under the Offer have not been and will not be registered under the US Securities Act of 1933, as amended (the “”U.S. Securities Law“) or any US state securities law, and may not be offered or sold in the United States or to, or on behalf of or for the benefit of, persons of the United States in the absence of registration or any applicable exemption from the registration requirements of the US Securities Act and applicable US state securities laws. This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities in the United States, and there will be no sale of such securities in any jurisdiction in which such offering, solicitation or sale would be illegal.

About Romios Gold Resources Inc.

Romios Gold Resources Inc. is a progressive Canadian mining exploration company engaged in the exploration of precious and base metals, with a primary focus on gold, silver and copper. It owns a 100% interest in the Lundmark-Akow Lake gold-copper property in northwestern Ontario and extensive claims covering several major porphyry copper-gold deposits in Colombia’s “Golden Triangle” -British. Additional interests include two former producers, the La Corne molybdenum mine property (Quebec) and a former high-grade gold producer, the Scossa mine property (Nevada). The Company also retains a 2% NSR interest in the Hislop gold property and a 2% NSR and 20% deferred (until pre-feasibility) interest in the Thunder Bay Silver properties in Ontario. For more information, visit www.romios.com.

This press release contains forward-looking statements which are generally preceded, followed or included by the words “believes”, “expects”, “anticipates”, “believes”, “intends”, “plans” or similar expressions. Forward-looking statements are not guarantees of future performance because they involve risks, uncertainties and assumptions. We do not intend and assume no obligation to update these forward-looking statements and shareholders are cautioned not to place undue reliance on such statements. The TSX Venture Exchange or its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts no responsibility for the adequacy or accuracy of this release.

Neither the 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.

For more information, please contact:

Tom drivas, CEO and Director, (cell) 416-876-3957, (fax) 416-218-9772 or (email) [email protected]

Stephen burega, President, (cell) 647-515-3734, (email) [email protected]

Jean Biczok, P. Geo., Vice President, Exploration, (tel.) 613-410-7877 or (email)[email protected]

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

NOT FOR BROADCAST, DISTRIBUTION, BROADCAST OR PUBLICATION, DIRECT OR INDIRECTLY, IN THE UNITED STATES OR FOR DISTRIBUTION TO US WIRE SERVICES

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/98885

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