Issue of Equity

19 Sep 2008 07:00

REGENCY MINES PLC

Issue of Equity and Exploration Update

Dated: 19 September 2008

Regency Mines plc ("Regency" the "Company") the mining exploration and mineral investment company with interests in copper and nickel in Western Australia, Queensland, and Papua New Guinea, has issued 25,800,000 new ordinary shares of 0.1p each in the capital of the Company (the "Shares") at 1.25p per Share, conditional on the Shares being admitted to trading on AIM.

City Equities Limited has agreed to subscribe for 25,000,000 Shares at 1.25p per Share. Following the subscription, City Equities Limited will hold 25,000,000 Shares, which is approximately 10.17% of the issued share capital as enlarged by the placing,

Following the issue of these Shares the Company's total issued share capital will be 245,740,663 Shares. Application will be made to the London Stock Exchange for the Shares to be admitted to trading on AIM. Dealings are expected to commence at 8.00 a.m. on Thursday 25 September 2008.

The Company now has six drill rigs in operation at the Mambare plateau, Papua New Guinea, and the programme is progressing well as personnel rotation of drillers and training of local staff enable efficient use of resources.

Enquiries:

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