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CONTACT US

Web site: http://www.RomeRMR.com

E-mail: info@RomeRMR.com

Business Office: 205 - 16055 Fraser Highway, Surrey, BC, Canada V3S 2W9.
                          Telephone: (604) 507-2181. Fax: (604) 507-2187.

CORPORATE DATA:

Rome Resources Ltd. [Rome] is incorporated in British Columbia. Rome has three wholly-owned subsidiaries, Roma Recursos de Mexico S.A. de C.V. and Minera Jackman, S.A. de C.V., both companies incorporated in Mexico, and Rome Nevada Inc., incorporated in the State of Nevada, U.S.A. The majority of Rome's properties  in Mexico and Argentina (see Projects) are held  with 100% interest in mineral rights. Several small properties in Mexico are optioned.

Rome holdings in Mexico are: (i) 11,006 hectares of the Inguaran porphyry copper-silver property in the state of Michoacan, and (ii) 17,463 hectares over new gold concessions in the state of Sonora.

Rome holdings in Argentina are: (i) 171,659 hectares for uranium exploration in La Rioja and San Luis provinces of central Argentina, and (ii) 17,390 hectares over gold vein and porphyry gold-copper prospects on the Varvarco property in Neuquen province.

Registered and Records Office: c/o Thomas Rondeau, Suite 1925 - 700 West
                                    Hastings Street, Vancouver, BC, Canada  V7Y 1A1

Business Office: 205 - 16055 Fraser Highway, Surrey, BC, Canada V3S 2W9.
                           Telephone: (604) 507-2181. Fax: (604) 507-2187

Share Capital (TSX-V: RMR) at September 30th 2006:

• Authorized: unlimited common shares without par value
• Issued and outstanding common shares: 9,065,001
• Outstanding stock options: 1,520,000 shares exercisable at prices from $1.10 to $1.70, and with expiry dates from 27 June 2007 to 5 May 2011
• Outstanding share purchase warrants: 500,000 exercosab;e at $1.60 per share
• Shares in Escrow: 209,452 (release subject to the approval of regulatory authorities having jurisdiction)

Directors & Officers:

• Colin Godwin, President & Director, Coquitlam, BC, Canada
• Hugh Squair, Director, Surrey, BC, Canada
• Reiner Specht, Director, Port Moody, BC, Canada
• James Harris, Corporate Secretary, Vancouver, BC, Canada
  

Other Data:

• Industry Classification: Junior Natural Resource-Mining
• Date of Formation: 1990 November 04
• Governing Jurisdiction: British Columbia
• Issuer in British Columbia and Alberta
• Size of Assets: Under $5,000,000
• Accountant: R. G. Management, Surrey, BC
• Auditor: Ernst & Young, Vancouver, BC
• Legal Counsel, BC: Mr. James L. Harris, Thomas Rondeau, Vancouver, BC
• Legal Counsel, Argentina: Mr. Cosme Beccar-Varela,
  Buenos Aires, Argentina
• Legal Counsel, Mexico: Mr. Abraham Urias, Urias Romero y Asociados, S.C., Avenida Del Mar 1022, Oficina #5, Zona Costera, Mazatlan, Sinaloa, Mexico
• Transfer Agent: Pacific Corporate Trust Company,
  Vancouver, BC
• Financial Year End: December 31st
• Wholly owned Mexican subsidiaries: Roma Recursos de Mexico S.A. de C.V., and Minera Jackman, S.A. de C.V.

DIRECTOR & OFFICER PROFILES:

Dr Colin Godwin
Godwin Consultants Ltd.
665 Gatensbury Street, Coquitlam
BC, Canada  V3J 5G9
Telephone: (604) 939-6507 (with voice mail)
FAX: (604)939-7380 (with telephone)
Email: cigodwin@shaw.ca

Director of Rome: Dr Hugh Squair, PhD, PEng [ON], is a graduate of the Universities of Saskatchewan with a BA  in geology and London, UK, with a PhD in mining geology. He has over 35 years of field, managerial and exploration consulting experience in the search for precious and base metals within North America and abroad. Dr. Squair has held senior exploration positions with Falconbridge Ltd., Selection Trust Group, Newmont Exploration of Canada, and has worked as a consultant to Kennecott Canada and Watts Griffiths & McOuat Ltd., Toronto. He is also a director of other junior companies on the TSX. He may be reached at:

Dr Hugh Squair
1770 128 Street, Surrey
BC, Canada V4A 8V2
Telephone: (604) 536-4501
Email: squair@telus.net

Director of Rome: Mr Reiner Specht,  is an accountant. He has broad experience in small business management. He may be reached at:

Mr Reiner Specht
129 April Road
Port Moody
BC, Canada V3H 3T4
Telephone: (604) 469-1335
Email: rspecht@shaw.ca

Corporate Secretary of Rome: Mr. James Harris is a corporate, securities and business lawyer with over 20 years’ experience in British Columbia and internationally. He has extensive experience with the acquisition and disposition of assets, corporate structuring and restructuring, regulatory requirements and corporate filings, and corporate governance. Clients have included public companies listed on the TSX Venture Exchange, the Toronto Stock Exchange, the OTC Bulletin Board and NASDAQ. Involved in a number of professional and community activities, Mr. Harris has been an instructor at the Professional Legal Training Course for articling students sponsored by the Law Society of British Columbia on the subject of corporate and securities law. Mr. Harris was also a Founding Member of the Legal Advisory Committee of the Vancouver Stock Exchange. Apart from his legal education, Mr. Harris has also completed a graduate course in business at the London School of Economics. He may be reached at:

Mr James Harris
Thomas, Rondeau LLP
Suite 1925, 700 West Georgia Street
Vancouver, BC, Canada  V7Y 1A1
Telephone: (604) 688-6775 (ext. 230)
Fax: (604) 688-1479
Email: jharris@thomasrondeau.com

ROME RESOURCES LTD.
MINERAL PROPERTIES HELD
IN ARGENTINA AND MEXICO
OCTOBER 2006MINERAL PROPERTIES HELD BY ROME RESOURCES LTD.
IN ARGENTINA AND MEXICO
OCTOBER 2006

Rome Resources Ltd. concentrates its exploration activities in Argentina and Mexico. The two main projects in Argentina are: (i) Uranium Exploration in the Provinces of La Rioja and San Luis, and (ii) The Varvarco Gold and Porphyry Project in the Province of Neuquen. The two main projects in Mexico are: (i) The Inguaran Valley Porphyry Copper Project in the State of Michoacan, and (ii) Exploration for Bulk-Mineable Gold Deposits in the State of Sonora.

Information on exploration of these projects is available in News Releases, etc., that are available on SEDAR and at www.RomeRMR.com . Specifically, the web site gives detailed geological descriptions and assays from the main properties (click “Projects” and “What’s New” in any of Rome’s web pages). The following (available at “Quick Report” on Rome’s web) summarizes the geological setting and recent exploration activities on these and ongoing projects.

ARGENTINA: Uranium Exploration in the Provinces of La Rioja and San Luis

Rome, to October 2006, has obtained 22 concessions totaling 171,659 hectares for uranium exploration in La Rioja and San Luis provinces of central Argentina. These new concessions for uranium prospecting are located generally in Figure 1; they are detailed in Table 1. The concessions have varied geological settings and surround a variety of uranium showings that locally include rare earth elements and copper. However, the majority of area claimed is related to the important Carboniferous to Permian Panganzo Basin outlined in green on Figure 1.


Figure 1. General locations of Rome properties in La Rioja and San Luis Province, northern Argentina. Rome’s properties, from north to south, are in the following districts (Table 1): Guandacol (MAT), Sanogasta (SAN), Los Colorados (COL), Malanzan (MAL), Olta (OLT), Chepes (CHP), Santa Rosa (SRS), Quines (QUN), and La Suiza (LSZ). Total concession area held by Rome is 171,659 hectares. Green outline defines the Carboniferous-Permian Panganzo Basin.

TABLE 1. Twenty-two uranium concessions (totaling 119,123 hectares) in Argentina that are owned by Rome Resources Ltd. The concessions are in the Provinces of La Rioja and San Luis.

The majority of uranium exploration in Argentina has been focused within Jurassic to Cretaceous basins. However, the Carboniferous – Permian Paganzo continental basin (green outline in Figure 1), within which much of the Company’s properties are located, is also significant. Specifically this basin: (i) has an huge source area that is greater than 200,000 square kilometers, (ii) hosts a major roll-front past producing uranium mine called Los Mogotes Colorados, and (iii) has a source terrane that consists of markedly “hot” uranium-rich granites, gneisses and pegmatites. The sandstone and conglomerate that comprise most of the basin are generally permeable and variably oxidized. Water, in part guided by an underlying unconformity with metamorphic, granitic and pegmatitic basement, has coursed through the basin. Organic-rich sediments are associated with a number of known uranium showings of the humic type. Underlying unconformities with basement rocks provide guides to migrating fluids, and possibly, local traps for unconformity type deposits. Several paleo-river-channels host uranium showings. Two of them, from Olta to Malanzan and at Chepes (Table 1), have been acquired by Rome and cover more than 80 kilometers of paleo-river-channel with potential for humic, roll-front and unconformity type deposits.

Uranium exploration in central Argentina offers opportunities for discoveries of new uranium mines. The Company with a portfolio of 22 concessions totaling 171,659 hectares is in a strong position for ongoing exploration.

ARGENTINA: The Varvarco Gold and Porphyry Project in the Province of Neuquen

The Varvarco Gold and Porphyry Project, located in Figures 2 and 3, consists of “Manifestaciones de Descubriamento”, “Pertenencias” and “Cateos” that total 17,390 hectares. The village of Varvarco is adjacent to the southwest side of the property. The property, hosted mainly within Permo-Triassic volcanics and intrusives, lies within a major northwest trending regional belt that is host to several precious and base metal deposits. Detailed geochemical surveys, geophysical surveys and limited trenching have been completed on three areas: Santos High-Grade Gold-Silver Vein System, Auque Breccia Pipe and Auque Cap. All three areas are ready for reconnaissance drilling. A road to the Auque Cap and Auque Breccia Pipe areas was supposed to have been built in early 2006 by the government. However, this did not happen. When completed, this improved access will advance the project substantially and will facilitate a drill program.


Figure 2. General location of the Varvarco gold vein and porphyry copper-gold project in central-western Argentina.

Figure 3. Location of three significant areas on the silver property in central-western Argentina. Varvarco property (outlined): Santos (black outline
SW-corner), Auque Breccia Pipe (black outline NE part) and Auque Cap (black outline NW part).

TABLE 2. Property Held by Rome Resources Ltd. in the Varvarco Gold-Copper Vein and Porphyry Property in Central-Western Argentina. Boundaries are plotted in Figure 3. The concessions are in the Province of Neuquen.

Santos High-Grade Gold-Silver-Vein System, situated in the south-western part of the Varvarco property, is generally covered with soil. Mineralization exposed by old hand-workings consists of pyrite-quartz veins. Previously reported assays include: (i) a panel sample of 20.80 g/t gold (0.61 oz/ton gold), and (ii) grab samples of 47.68 g/t gold (1.39 oz/ton gold), 45 g/t gold (1.3 oz/ton gold), and 160.96 g/t gold (4.69 oz/ton gold) with more than 200 g/t silver (>5.83 oz/ton silver). Soil-grid geochemical values on the property locally are up to about 0.4 g/t gold (0.01 oz/ton gold).

The 3,000 meters of trenches on the Santos property, established in February and March 2005, were located based on soil geochemistry, VLF and magnetometer geophysics. Geochemical values for gold from the Santos trenches, combined with earlier data, define at least two anomalous gold trends.

Auque Breccia Pipe, in the central-eastern part of the Varvarco property, is dominated by an oval 1.5 km long by 0.5 km wide zone of gold- copper-molybdenum-bearing hydrothermal volcanic breccia. Its main potential is as a bulk tonnage gold-copper-molybdenum deposit. The pipe area is clearly defined on satellite images as an anomalous zone that is markedly bleached in field observation.
The following positive features of the Auque Breccia Pipe area are apparent:
· The area is on a major satellite-visible circular structure
· The main area of interest is marked by intense alteration and bleaching that is also visible on satellite images (Fig. 3)
· There are more than three areas of major brecciation
· The main induced polarization chargeability anomalies are coincident with a major andesite breccia body, felsic breccias and gold - copper anomalies

Auque Cap, about two km west of Auque Breccia Pipe, is an area marked by intense alteration consisting mainly of pyrophyllite. This alteration—anomalous in copper, molybdenum, and locally, gold—might represent the upper expression of a porphyry copper-molybdenum-gold deposit.

MEXICO: The Inguaran Valley Porphyry Copper Project in the State of Michoacan

Rome Resources Ltd. holds rights in the Inguaran Copper-Silver-Tungsten Porphyry Property area to concessions, totaling 11,006 hectares (Table 3; approximate boundaries of concessions are in Figures 4 and 7 to 9). Optioned area is 1,245 hectares. The other major part of the area totals 9,761 hectares in eight concessions that are held by Minera Jackman S.A. de C.V., a wholly owned subsidiary of Rome Resources Ltd.

TABLE 3. Concessions, totaling 11,006 hectares, held by Rome in the Inguaran Copper-Silver-Tungsten Porphyry Property area. Optioned area is 1,245 hectares. The other 9,761 hectares are wholly owned by Minera Jackman S.A. de C.V., a wholly owned subsidiary of Rome Resources Ltd. The concessions are in the State of Michoacan, Mexico.

* Holdings by Jesus Alberto Bojorquez Ochoa are on behalf of Minera Jackman S.A. de C.V. and Roma Recursos de Mexico S.A. de C.V., both wholly owned Mexican subsidiaries of Rome Resources Ltd.

 Positive geological features of this project area include:
· Central location within the Michoacan Copper Belt
· Several mined deposits, or showings with significant potential (e.g. Inguaran, La Verde and San Isidro)
· Proximity of the Company’s properties to an abyssal fault
· Central location of the Inguaran Valley within the Inguaran batholith
· Major copper occurrences with geophysical, geochemical, alteration (and other geological characteristics) common to major porphyry copper deposits
· A central-valley induced polarization chargeability anomaly (Fig. 5), with coincident anomalous soil copper geochemistry, that is more than 7 kilometers long (northwest – southeast) and 3 kilometers wide (northeast – southwest)
· Encouraging drill intersections of porphyry copper style mineralization
· Geophysical and geochemical anomalies that remain to be drill tested

Inguaran Valley porphyry copper property of Rome, surrounds but does not include, the Inguaran Copper Mine. The Inguaran mine was operated by Asarco from the 1970’s to early 1980’s. Production reported was about 10 million tonnes averaging 1.2% copper. Mineralization in the Company’s Inguaran Valley has been explored along two northwest trending zones called Manga and Dos Cerritos (on the southwestern and northeastern side of the valley, respectively).

This property is prospective for one or more major low-grade porphyry copper deposits in the several hundred million tonne category. The following analysis is a compilation and overview of all geophysical, geochemical, trenching and diamond core-drilling exploration data collected on the Inguaran Valley Porphyry Copper Property since exploration commenced in 2003. The following presents an overall picture of the exploration results to date.

This analysis covers most of the Inguaran block held by Rome as outlined in black on Figures 4 and 7 to 9. Information that follows is generated mainly from data obtained along the survey lines marked as purple lines in the relevant figures. Description of Figures 4 to 9 and general results follow:
· Figure 4. Overall chargeability is defined by the Fraser filter factor, which presents an averaged response calculated from the n = 1 to n = 6 separations (a = 100 meters). At least six new, strongly anomalous chargeability areas have been defined (stars in Figs. 4 and 7 to 9).
· Figure 5. Chargeability and resistivity pseudo-section crosses a particularly pronounced chargeability (high) - resistivity (low) anomaly discovered on line 4500 SE. This profiles the most intense, and newly discovered, chargeabilty anomaly in Figure 4.
· Figure 6. Inversion interpretation that mathematically estimates geological shapes and depths is related to the chargeability – resistivity anomaly in Figure 5. This analysis supports the interpretation of a large and deep significant chargeability (high) and resistivity (low) anomaly on line 4500 SE from about 8400 NE to 9000 NE—an apparent width of about 600 meters.
· Figure 7. Metal factor is defined from the Fraser filter factors, which presents an averaged response calculated from the n = 1 to n = 6 separations, for chargeability and resistivity. The metal factor is calculated by dividing chargeability by resistivity and multiplying by 1,000. Hence, anomalous values are enhanced by high chargeability, especially where coincident with low resistivity, which is by inspection the situation indicated by the results in Figures 5 and 6. The metal factor anomalies mimic the chargeability anomalies in Figure 4 and robustly support the interpretation of significance to the starred areas in Figures 4 and 7 to 9. A ring-like anomaly also occurs in the center of the property.
· Figure 8. Total magnetic response is averaged to 50-meter stations from readings taken every 12.5 meters along the lines. This data has not been reduced to the pole. Mineralization indicated by drilling and chargeability anomalies generally are in areas transitional from low to high magnetic values. Low magnetic signatures reflect more differentiated granitic phases in the Inguaran batholith marked by less magnetite, etc.
· Figure 9. Copper geochemistry of soil samples show a general coincidence with geophysical anomalies in Figures 4 and 7.


Figure 4. Chargeability expressed by the Fraser filter factor. Six new, strongly anomalous chargeability areas have been defined (stars). A broad anomalous area is marked by clusters of strong chargeability anomalies, only some of which have been drilled (solid dots: all with positive results). This central-anomalous area is about 6 kilometers long and 5 kilometers wide. The black outline defines the limit of the Company’s Inguaran block.


Figure 5. Chargeability - resistivity pseudo-sections of a particularly pronounced anomaly discovered on line 4500 SE (Figs. 4 & 7). Proposed holes 4 to 6 will be drilled in October-December 2006 on this section to evaluate these anomalies, which are detailed by inversion analysis in Figure 6.

Figure 6. Inversion analysis of data on anomaly on line 4500 SE (Figs. 4 & 7) from conventional display in Figure 5. A significant anomaly extends from about 8400 NE to 9000 NE for an apparent 600 meter width. Proposed holes 4 to 6 will be drilled in October-December 2006 on this section to evaluate these anomalies.


Figure 7. Metal factor defined from the Fraser filter factors for chargeability and resistivity. Note coincidence with chargeability (Fig. 4) and the ring-anomaly near the center of the figure. This central ring-anomaly is about 6 kilometers long and 5 kilometers wide

Figures 4 to 9 show the substantial potential to a number of porphyry copper-silver prospects within the Company’s Inguaran block (stars). Results indicate that zones originally drilled can be extended. New drill targets also are defined. The central chargeability (and metal factor) anomaly is about 6 kilometers long and 5 kilometers wide (Figs. 4 & 7) The most significant anomaly on the northeast corner of the central anomaly is more than 1,000 m long (Figs. 4 & 7) and might be 600 m wide (Figs. 5 & 6).


Figure 8. Total magnetic response (not reduced to pole) averaged to 50-meter stations from readings taken every 12.5 meters along the lines. Mineralization indicated by drilling and chargeability anomalies generally are in areas transitional from low to high magnetic values.


Figure 9. Copper geochemistry of soil samples. Note general coincidence with geophysical anomalies in Figures 4 and 7. The anomalous copper partially reflects the ring-like anomaly most obvious in the metal factor contour map in Figure 7.

The diamond drilling program in December 2004 of 12 holes, totaling 2,681 meters, and 11 trenches, totaling 350 meters, are shown in Figure 10. Mineralization is characteristically the same as calc-alkaline porphyry copper deposits common to Chile and British Columbia. Chalcopyrite and bornite with trace pyrite occur as sheeting and stockwork of quartz veinlets and microveinlets with phyllic envelopes. Several types of copper-mineralized breccia occur in the property.

A summary of significant intersections for the 2004 program of diamond drill holes and trenches are in Table 4. The best hole in the Manga zone intersected 34.0 meters with a weighted average of 0.91% copper, and the best trench in the Manga zone intersected 58.0 meters of 0.91% copper and 58 meters of 0.73% copper. The best hole in the Dos Cerritos zone intersected 42.0 meters with a weighted average of 1.18% and the best trench in the Dos Cerritos zone intersected 20.0 meters (open at both ends) of 1.10% copper. Weighted average copper intersections and grades in diamond drill holes and trenches in Table 1 are 422.0 meters at 0.82% copper. Average of diamond drill hole check samples, mainly from the Manga and Dos Cerritos zones, 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 g/t silver and 3.73 g/t tungsten.


Figure 10. Diamond drill holes (1-12) and trenches (1-13) completed in 2004 on the Inguaran Valley Porphyry Copper Project. The holes and trenches—significant intersections detailed in Table 2—totaled, respectively, 2,681 meters and 350 meters in length. Contoured background (rainbow: red = high) is Fraser filtered induced polarization chargeability (100 meter spreads) along lines 250 to 500 meters apart.

TABLE 4. Intersections in 2,681 meters of diamond drilling (DD) and continuous chip samples in 350 meters of trenches (TR) on the Inguaran Porphyry Copper Project of Rome Resources Ltd. The property is in central Michoacan, Mexico. Weighted average assay for core and trenches for total intersections in 2004 is 422.0 meters at 0.84 percent copper. Assay intervals are calculated above 0.4% cut-off and intervals greater than 0.9 percent copper are italicized.

TABLE 5. Properties held by Rome Resources Ltd. in the La Colorada gold area total 17,462 hectares. The concessions are in the State of Sonora, Mexico.

Ongoing exploration includes:
· Argentina, Uranium Project in the Provinces of La Rioja and San Luis:
1. Continued acquisition of additional ground prospective for uranium
2. Evaluation of uranium properties acquired by helicopter-mounted airborne radiometric and magnetic surveys
3. Traditional exploration emphasizing, prospecting, detailed ground geophysics, and soil and plant geochemical surveys
· Argentina, Varvarco Gold and Porphyry Project in the Province of Neuquen:
1. Construction, with Government assistance, of a drill access road to the Auque Cap and Auque Breccia Pipe projects
2. Drilling of targets established by geochemical and geophysical surveys
· Mexico, Inguaran Valley Porphyry Copper Property in the State of Michoacan:
1. extensive drilling in October to December 2006, based on evaluation of the extensive geochemical and geophysical database that has been acquired during exploration since 2003
· Mexico, Sonora, Bulk-Gold Vein and Carlin Type Deposits:
1. Continued acquisition of bulk tonnage, low-grade gold properties
2. Regional evaluations of concessions by detailed stream sediment geochemical analysis
3. Follow-up evaluations emphasizing geochemical soil grids controlled by detailed geologic mapping


CAUTION REGARDING MINERAL PROPERTIES

During 2005 and 2006, certain issues have arisen regarding title to certain of the San Juan claims (part of the San Isidro property). Management currently is investigating these issues. At December 31, 2005 Rome wrote down the property to recognize an impairment in carrying value. The claims that comprise this property include the San Juan, San Juan I and San Juan II. The Company optioned these properties from an arm’s length company in 1995. The Company complied with the terms of the option agreement, except that the Optionor refused to accept 10% of the shares of the Company’s Mexican subsidiary that was called for under the agreement. The arm’s length company has not transferred title to these claims to the Company, as was called for under the agreement. The Company is pursuing appropriate action against the arm’s length company to obtain its rightful title to the three claim groups.

The Company is in the process of exploring its resource properties and has not yet determined whether the properties contain minerals or mineral reserves that are economically recoverable. The recoverability of the amounts shown for resource properties and any related deferred costs is dependent on the existence of economically recoverable mineral reserves, the ability of the Company to obtain the necessary financing to complete the development and future profitable production from the properties or proceeds from the disposition thereof.

INFORMATION ON COMPANY AND ON STOCK PRICES:

1. SEDAR listing: http://www.sedar.com/command_servlet?cmd=DisplayCompany
Profile&issuerType=03<=EN&issuerNo=00005767

2. Advice for Investors (MPL Communications Inc.): http://www.fin-info.com/$main$nobody,,16763058$0a8d676
aca5a/gengraph.phtml?symbol=RMR

Tel: (604)507-2181
Fax: (604)507-2187
Rome E-Mail: info@RomeRMR.com

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