Royal Standard Minerals Inc.: Progress Report to our Shareholders

Royal Standard Minerals Inc. ("RSM" or the "Company") (TSX VENTURE:RSM)(OTCBB:RYSMF)

To Our Shareholders,

This letter is to bring our shareholders up to date in regard to the current
activities with RSM during the past three (3) months of 2008-2009. The Company
is engaged in an effort to achieve revenue in the near term from a potential
coal development project located in Eastern Kentucky.


In June-July, 2008, a decision was made by management, to pursue a strategy of
diversification that supported investing in the energy sector.  The coal
business in the Appalachian Basin was initiated to add an element of diversity
and another source of potential revenue. Since September, 2008, the Company has
been engaged in the development of the Campton coal project in Eastern Kentucky.
 The project has achieved all of the necessary permits to mine and produce coal.
 Recently, a compliant NI-43-101 resource report as filed on SEDAR (project
#0137-5601). We have taken all the necessary steps to develop this property
during the first quarter, 2009.


During 2008, the Company continued to pursue the Goldwedge advanced exploration
project toward further underground bulk sampling and processing the mined gold
mineralized material through the onsite gravity plant.  This work also included
some underground drilling.


The Goldwedge program required the renewal of the mining permit with the Nevada
Department of Environmental Protection (NDEP).  In addition to the construction
of a dewatering well, an underground development program was put in place during
this period to access a predicted higher grade gold zone within what is believed
to be the main gold zone on the property.  This work required considerable
expense during 2007 - 2008.


The Company has taken steps to reduce the level of its capital outflow in order
to remain a viable entity until market conditions improve.  The obvious result
of this effort is the curtailment of the Goldwedge project in the near term. 
The objective is to reduce expenditures on all levels and to only spend capital
on projects that will return revenue and cash flow in the near term.  Further to
that goal the company will refine and sell all of the gold dore' that is
currently in the Company's possession (all recovered dore' is stored in a safe
deposit box at the local Nevada State Bank in Tonopah, Nevada) and complete the
development of the Campton coal property in Eastern Kentucky.


The Company is currently active in the States of Nevada and Kentucky, with
projects in Nye (the Goldwedge and Manhattan projects), Elko (the Pinon,
Railroad, and Dark Star projects) and Churchill (Fondaway Canyon and
Dixie-Comstock projects) Counties, Nevada and Wolfe (Campton Project) County,
Kentucky.  The Company's common shares are listed on the US OTC:BB symbol RYSMF
and in Canada on the TSX Venture Exchange symbol RSM, the Company's shares on
the TSX.V have been halted from trading since January, 2009, an effort to get
the common shares trading on this exchange is ongoing.


The TSX Venture Exchange does not accept responsibility for adequacy or accuracy
of this release as per Exchange Policy 3.3 section 6.5.


Royal Standard Minerals Inc. cautions that the statements made in this press
release and other forward looking statements made on behalf of the Company may
be affected by such other factors including, but not limited to, volatility of
mineral prices, product demand, market competition, imprecision of mineral
estimates, and other risks detailed herein and from time to time in the
Securities and Exchange Commission filings of the Company. 


C.U.S.I.P. # 780919106