RGM.L Regulatory News (RGM)

REGENCY MINES PLC

Amended Standby Equity Distribution Agreement (SEDA)

20 June 2011

Regency Mines plc ("Regency Mines" or the "Company"), the mining exploration and mineral investment company with interests in nickel and other minerals in Western Australia, Queensland, Papua New Guinea and Pakistan, announces that on 9 June 2011 it amended the Standby Equity Distribution Agreement entered into on 9 September 2009 ("SEDA") with YA Global Master SPV, Ltd. ("YA Global"), which is advised by Yorkville Advisors LLC, an investment group headquartered in New Jersey and active across North America, Europe and the Asia Pacific region.

Under the SEDA as amended, Regency Mines at its sole discretion has the right to place with YA Global up to a maximum of £6 million of the Company's ordinary shares of 0.1 pence each ("Ordinary Shares") from time to time over a period of up to 36 months from the date of amendment. The maximum amount that may be requested at any time is 200% of the average daily trading value of Regency Mines shares during the ten trading days prior to the draw down request. The shares issued by Regency Mines will be priced at a 2.5% discount to the prevailing market price during the ten trading days pricing period of each draw down (following the draw down request).

Beyond a significant increase in the size of the total capital available following the amendment, future utilization of the facility will be conducted on improved terms to the Company.

Andrew Bell, Chairman of Regency Mines Plc, commented: "Regency in extending the SEDA facility is furthering its policy of having in place a range of instruments that will enable Regency to raise capital efficiently as the firm executes its growth plan. The SEDA has provided a useful reserve funding instrument for Regency and can play a continuing part in reducing Regency's overall cost of capital."

Fees in connection with the transaction were settled at the time of the drawdown of the $3,300,000 loan amount with YA Global on 17 June 2011.

Enquiries:

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