Placement of Shares and TVR

REGENCY MINES PLC

("Regency" or the "Company")

Placement of Shares and TVR

10 March 2016

Regency Mines PLC, the natural resource development and investment company with interests in oil and mineral exploration, announces that it has raised £400,000 by way of a placement of 66,666,667 new ordinary shares of 0.01 pence each ("Shares") in the Company with institutional investors, at a price of 0.6p per Share (the "Placement"), conditional on admission of the Shares to trading on AIM ("Admission").

Additionally, for every three Shares subscribed for, one warrant will be issued to every subscriber for a total of 22,222,222 warrants ("Warrants") giving rights to subscribe for new ordinary shares in the Company.

The proceeds of the Placement will be applied to oil activities, and for working capital purposes.

Application has been made to the London Stock Exchange for Admission of the Shares, which will rank pari passu with the Company's existing issued Ordinary Shares. Dealings are expected to commence at 8.00 a.m. on or around 16 March 2016.

Following the Placement, the Company's total issued ordinary share capital will consist of 248,061,047 Shares with voting rights. No Shares are held in treasury.

The above figure of 248,061,047 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in the Company under the FCA's Disclosure and Transparency Rules.

The Warrants, which will be unlisted and non-transferable, will be exercisable on the following three dates: 1 July 2016, at an exercise price of 0.78p; 1 November 2016, at an exercise price of 1p; and 1 February 2017 (the "Final Exercise Date") at an exercise price of 1.2p. If any of the Warrants remain unexercised on the Final Exercise Date, they will expire.

The closing mid price of Regency on the AIM Market on 8th March 2016 was 0.775p per ordinary share.

Andrew Bell, Chairman, states: "Our participation in the Horse Hill project will continue to require funding, and we continue to seek onshore oil projects capable of generating cash flow. Overhead costs have been reduced to a minimal amount as we focus on increasing the value of the Company to its shareholders. With the interests of existing shareholders in mind, we are investigating the possibilities of rewarding them either through a bonus issue of warrants or in some other way."

For further information, please contact:

Andrew Bell 0207 747 9960  Chairman Regency Mines Plc

Scott Kaintz 0207 747 9960 Executive Director Regency Mines Plc

Roland Cornish/Rosalind Hill Abrahams 0207 628 3396 NOMAD Beaumont Cornish Limited

Jason Robertson 0129 351 7744 Broker Dowgate Capital Stockbrokers Ltd.

Christian Pickel 0203 128 8208 Media Relations MHP Communications