Issue of Equity

REGENCY MINES PLC

("the Company")

Issue of Equity

22 October 2012

Regency Mines plc announces that pursuant to a drawdown by the Company of facilities provided under the terms of the Amended Standby Equity Distribution Agreement announced on 20 June 2011 ("the Agreement"), the Company has issued 12,040,462 ordinary shares of 0.1p each ("Shares") at a price of 0.831 pence per Share to YA Global Master SPV ("YA Global") to raise £100,000 ("Issue"),

The net proceeds of the Issue will be applied towards servicing debt repayments under the loan agreement entered into with YA Global which was announced on 17 June 2011 and for working capital purposes.

Following the Placing, the Company's total issued ordinary share capital will be 797,257,339 ordinary shares. Application has been made to the London Stock Exchange for the new Shares, which rank pari passu with the Company's existing issued Shares, to be admitted to trading on AIM. Dealings are expected to commence at 8.00 a.m. on 26 October 2012.

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