SHARES OUTSTANDING: 78,000,000 Approx.
FLOAT: 49,000,000 Approx.

STOCK SYMBOLS:  RSM.V and RYSMF-OTCBB

CORRECTION FROM SOURCE: Royal Standard Minerals Inc. Announces a Normal Course Issuer Bid

Jun 18, 2007 5:07:00 PM

TORONTO, ONTARIO--(CCNMatthews - June 18, 2007) - In the release issued at 12:49 PM ET, June 18, 2007, there was an error in the second paragraph. The complete and corrected release follows.

Royal Standard Minerals Inc. (the "Corporation") (TSX VENTURE:RSM), announced that on June 25, 2007 it intends to begin a normal course issued bid to repurchase some of its common shares on the TSX Venture Exchange, subject to TSX-V approval. Under the bid, the Corporation intends to repurchase up to 4 million common shares, representing approximately 5% of the issued and outstanding common shares presently outstanding. Purchases are expected to be made in accordance with applicable regulations over a maximum period of 12 months ending June 25, 2008. The directors of the Corporation believe that the purchase by the Corporation of its own shares at the prevailing market price may, in appropriate circumstances, be a responsible investment of funds on hand, and in the best interests of the Corporation, and any purchases made will be made on that basis. The Corporation has not made any previous purchases of its own shares within the past twelve months. The IDA member firm conducting the bid is M Partners of Toronto, Ontario.

The Corporation is involved in the acquisition, exploration and development of precious metal properties in the State of Nevada in the United States.

This news release contains forward-looking statements that involve a number of risks and uncertainties. Some of the factors that could cause actual results to differ materially from those indicated are, product demand, competitive pressures, business conditions in the marketplace, general economic conditions , market price of shares, and risk factors detailed in the Corporation's regulatory filings.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

FOR FURTHER INFORMATION PLEASE CONTACT:

        Royal Standard Minerals Inc.

        Roland Larsen

        (775) 487-2454

        Fax: (775) 487-2460 (FAX)

        Website: www.royalstandardminerals.com

Source: Royal Standard Minerals Inc.

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