RGM.L Regulatory News (RGM)

Regency Mines Plc

("Regency" or the "Company")

Convertible Bond Conversion

28 February 2014

Regency Mines announces that YA Global Master SPV, Ltd. ('YA Global'), which is advised by Yorkville Advisors LLC ('Yorkville'), has converted £125,000 in unsecured Convertible Bonds 2014 into 39,976,973 ordinary shares of 0.1 pence each ("Shares") in the Company under the terms of the Convertible Bond Instrument ("Convertible") as announced on 27 November 2013, at a price of £0.0031268 per Share. Simultaneously £7,614 of interest and fees will be converted into 2,435,154 shares of 0.1 pence each at a price of £0.0031268 per Share.

Following the Issue and the Fees YA Global will hold 42,412,127 shares or 3.27% of the Company's total voting rights.

As announced on 27 November 2013, the proceeds of the Convertible Note will be applied to debt reduction and to operational costs relating to Company projects in Sudan and Papua New Guinea.

Following the Subscription, the Company's total issued ordinary share capital will be 1,298,734,983 ordinary shares of 0.1p. Application has been made to the London Stock Exchange for the 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 5 March 2014.

For further information contact:

Andrew Bell 0207 747 9990 or 0776 647 4849 Chairman Regency Mines plc

Colin Aaronson / David Hignell 0207 383 5100 NOMAD Grant Thornton UK LLP

Nick Emerson 01483 413500 Broker SI Capital Ltd.

Guy Wheatley 0207 382 8416 Joint Broker Beaufort Securities Ltd

Rupert Trefgarne 0203 128 8817 Media Relations MHP Communications