Issue of Equity

Regency Mines PLC

('Regency' or the 'Company')

Issue of Equity

23 May 2011

Regency Mines, the mining exploration and mineral investment company with interests in copper and nickel in Western Australia, Queensland, and Papua New Guinea, and coal, announces that YA Global Master SPV, Ltd. ('YA Global'), which is advised by Yorkville Advisors LLC, has subscribed for 8,232,182 ordinary shares of 0.1 pence each ('Ordinary Shares') in the Company at 3.401285 pence per Ordinary Share, under the terms of the Standby Equity Distribution Agreement ("SEDA") between Regency and YA Global, for an aggregate subscription amount of £280,000 (the "Subscription").

Following the Subscription the Company's total issued ordinary share capital will be 611,476,585 ordinary shares of 0.1p. Application has been made to the London Stock Exchange for the Ordinary Shares, which rank pari passu with the Company's existing issued ordinary shares, to be admitted to trading on AIM. Dealings are expected to commence at 8.00 a.m. on 27 May 2011.

For further information contact:

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