Exploration Update

Regency Mines PLC
25 April 2008

                               REGENCY MINES PLC

                               Exploration Update
Dated: 25 April 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, announces recent developments at its Mambare
lateritic nickel-cobalt project in Oro Province, Papua New Guinea.

Regency has entered into a 10,000 metre rotary drilling contract, extendable to
20,000 metres, with JCP Geo-Ex Services, Inc ('JCP'). The programme will
commence as soon as possible, and seven rigs will be operating. The duration of
the initial 10,000 metre programme is estimated at 120 days.

JCP is an ISO 90001:2000 certified company with extensive experience of drilling
similar prospects, including recent contracts in the Philippines at Dinagat
Island, Surigao del Sur, and Davao Oriental in Mindanao, at Isabela in Northern
Luzon, and in Palawan Island. As part of the Company's due diligence, a
representative visited their operations in Palawan.

The purpose of the programme is to combine the results of drilling the entire
laterite profile in the south-west of the license area with the data from
ground-penetrating radar to develop a JORC resource in this part of the license,
at the same time as testing the depth and characteristics of the laterite
profile in other parts of the plateau to establish potential scale and grade of
the resources within the entire license area.

Further updating information will be released as it becomes available.

Enquiries:

Andrew Bell                            0207 402 4580       Regency Mines plc                Chairman

                                             or

                                        07766 474849

John Simpson                            020 7512 0191       Blomfield Corporate Finance Ltd  Nominated Adviser
                                               

Ron Marshman / John Greenhalgh          020 7628 5518       City of London PR Limited        Public Relations


Updates on the Company's activities are regularly posted on its website,

www.regency-mines.com.


                      This information is provided by RNS
            The company news service from the London Stock Exchange