ROME RESOURCES LTD. [TSX-VEN: RMR & FRANKFURT: 33R] 205 - 16055 Fraser Highway Surrey, B.C.  V4N 0G2 WEB: www.RomeResources.com                 CH Valoren No: 699 171 Email: info@RomeResources...

ROME RESOURCES LTD.
[TSX-VEN: RMR & FRANKFURT: 33R]

205 - 16055 Fraser Highway
Surrey, B.C.  V4N 0G2

 

WEB: www.RomeResources.com                 CH Valoren No: 699 171

Email: [email protected]               WKN: 886289

FAX: +(604) 507-2187                      TEL: +(604) 507-2181

 

NEWS RELEASE#5: MARCH 21, 2012

ROME GRANTS RIVERSIDE OPTION TO ACQUIRE UP TO 75% OF THE INGUARAN PROPERTY, MEXICO

 

Rome Resources Ltd. (the "Company") is pleased to announce that it, through its wholly-owned subsidiary Roma Recursos de Mexico, S.A. de C.V. ("Roma") has entered into an agreement with Riverside Resources Mexico, S.A. de C.V. ("Riverside Mexico"), the subsidiary of Riverside Resources Inc. (TSX-V: RRI, "Riverside"), whereby Riverside Mexico can earn up to a 75% interest in six mineral concessions comprising 6,539 hectares located in the Inguaran Project, Michoacan, Mexico (the "Property"). In order to exercise its initial option (the "Initial Option") to acquire a 51% interest in the Property, Riverside Mexico must complete at least $3,000,000 worth of exploration expenditures on the Property by March 2, 2015. If this first option is exercised, Riverside Mexico will then have a second option to increase its interest to 75% by incurring an extra $2,000,000 in exploration expenditures by the second anniversary of the date the Initial Option was exercised.

Rome's Inguaran Copper Porphyry Project (6,928 Ha) in Michoacan has 100+ million tonne potential at about 0.4% copper. This potential quantity is conceptual in nature. There has been insufficient exploration to define a mineral resource and it is uncertain if further exploration will result in the target being delineated as a mineral resource. Diamond drilling in December 2004 of 12 holes, totaled 2,681 meters, and eleven trenches totaled 350 meters. The best hole in the Anali Zone intersected 34.0 meters with a weighted average of 0.91% copper, and the best trenches intersected 58.0 meters of 0.91% copper and 58 meters of 0.73% copper. In the Dos Cerritos Zone the best hole intersected 42.0 meters with a weighted average of 1.18% copper, and the best trench intersected 20.0 meters (open at both ends) of 1.10% copper. Average of diamond drill hole check samples above a cut-off of 0.4 percent copper was: 284 meters of copper mineralization averaging 0.83% copper, 0.0004 percent molybdenum, 0.113 g/t gold, 3.63 gpt silver and 3.73 gpt tungsten.

ROME RESOURCES LTD.

Rome Resources Ltd. is a Canadian mineral exploration company focused on gold, silver, tungsten, molybdenum and copper projects in Argentina and Mexico. It is publicly traded on the TSX Venture Exchange under RMR. Company details are available in English and German at www.RomeResources.com (click: "What's New" and "Projects"). All News Releases are formally published and available on SEDAR (click: "Investors").

On behalf of the Board of Directors

 

"Colin I. Godwin"

 

Colin I. Godwin, PhD, PEng, PGeo

President and Director of Rome Resources Ltd.

Professor Emeritus, The University of British Columbia

Telephone: (604) 939-6507

 

Colin I. Godwin, PhD, PEng, PGeo, a qualified person under National Instrument 43-101, has verified data disclosed in 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 News Release.

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