Trading Update

Regency Mines PLC
22 November 2007

                              REGENCY MINES PLC

                               Trading Update

Dated: 22nd November 2007

Regency Mines plc ('the Company') the mining exploration and mineral investment
company with interests in copper and nickel in Papua New Guinea, Western
Australia, and Queensland, announces that it has entered into a 'Memorandum of
Investment and Co-operation' with an Asia-based investment group which could
lead to a substantial investment in the Company and one of its projects.

The agreement is subject to contract, due diligence and receipt of regulatory
approvals. It is presently envisaged that the due diligence and other procedural
matters will be completed within three months.

The Company emphasises that while it expects the investment to proceed, the
Memorandum does not constitute a binding commitment to invest.

The Company also advises that following unprecedented damage in Oro Province
caused by Tropical Cyclone Guba, the Government declared on 20 November a state
of emergency. The provincial capital of Popondetta has been cut off from its
airport and from Oro Bay by flooding washing away roads and bridges, and is
short of potable water and food. Up to 150,000 people in the Province are
thought to have been displaced and at least 70 have lost their lives.

The road near the Company's project area from Kokoda to Popondetta, and from
Popondetta to the coast, is currently impassable, but the Company maintains
communication by air with Kokoda. The Company is able to resupply its camp, and
drilling has today recommenced.

Over 40 drillholes have been completed, with samples sent for assay in Jakarta
every week or fortnight, and first results are expected shortly.

The Company announces that as of 31st December 2006 Simple Investments Ltd
became brokers to the Company.

Enquiries:

Andrew Bell                0207 402 4580       Regency Mines Plc              Chairman

John Simpson               020 7512 0191       Blomfield Corporate Finance    Nominated Adviser
                                               Ltd

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




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