Exercise of Options

REGENCY MINES PLC

Exercise of Options and Issue of Equity

Dated: 24 January 2011

Regency Mines PLC ("Regency" or the "Company") has been notified of the exercise on 21 January 2011 by John Watkins of 500,000 options to subscribe for new ordinary shares of 0.1p in the Company ("Ordinary Shares") at a price of 2.5 pence per Ordinary Share.

As a result of this exercise of options, John Watkins directly holds 3,150,000 Ordinary Shares in the Company. This holding represents 0.58% of the Company's issued ordinary share capital.

In addition to his interest in the Ordinary Share capital of the Company stated above, Mr Watkins remains interested in the following options to subscribe for the Company's Ordinary Shares.

Regency has also been notified of the exercise by other option holders of 650,000 options to subscribe for new Ordinary Shares of 0.1p in the Company at a price of 1.25 pence per Ordinary Share.

Application will been made for the new Ordinary Shares, which rank pari passu with the Company's existing issued ordinary share capital, to be admitted to trading on AIM. It is expected that the admission of the New Ordinary Shares to trading on AIM will occur on Friday 28 January 2011.

Following the issue and allotment of the new Ordinary Shares, the Company will have 544,536,741 ordinary shares in issue.

Enquiries:

Regency Mines PLC Andrew Bell, Chairman 0207 402 4580

Sandra Spencer, Public and

Investor Relations 0207 402 4580

Nominated Adviser

Religare Capital Markets Peter Trevelyan-Clark/Ben Jeynes 020 7444 0800

Broker

Simple Investments Ltd Nick Emerson 01483 413500

Updates on the Company's activities are regularly posted on its website www.regency-mines.com.