Issue of Equity

Regency Mines PLC
24 April 2008

                               REGENCY MINES PLC

                                Issue of Equity
Dated: 24 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, has issued 17,500,000 new ordinary shares of
0.1p each in the capital of the Company (the 'Shares') at 2.25p per Share, to
raise £393,750 before expenses, conditional on the Shares being admitted to
trading on AIM.

City Equities Limited has agreed to subscribe for 10,000,000 Shares at 2.25p per
Share. Following the subscription, City Equities Limited will hold 10,000,000
Shares, which is approximately 4.7% of the issued share capital as enlarged by
the placing.

John Watkins, a director of the Company, has agreed to subscribe for 150,000
Shares at 2.25p per Share. Following the subscription he will be interested in
26,500,000 Shares which is approximately 12.4% of the issued share capital as
enlarged by the placing. Andrew Bell, a director of the Company, has agreed to
subscribe for 100,000 Shares at 2.25p per Share. Following the subscription he
will be interested in 43,744,265 Shares which is approximately 20.4% 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 214,440,662 Shares. Application has been 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 Wednesday 30 April 2008.

Enquiries:
Andrew Bell                0207 402 4580       Regency Mines plc                         Chairman
                                   or
                           07766 474849
John Simpson               020 7512 0191       ARM Corporate Finance Ltd        Nominated Adviser
Ron Marshman / John        020 7628 5518       City of London PR Limited         Public Relations
Greenhalgh

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


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