Loan Agreement

RNS Number : 6726I

Regency Mines PLC

17 June 2011

REGENCY MINES PLC

Loan Agreement

Dated: 17 June 2011

Regency Mines plc ("Regency Mines" or the "Company"), the mining exploration and mineral investment company with interests in nickel and other minerals in Western Australia, Queensland, Papua New Guinea and Pakistan, announces that it has entered into a loan agreement with YA Global Master SPV Ltd. ('YA Global'), which is advised by Yorkville Advisors LLC (the "Loan Agreement").

Under the terms of the Loan Agreement the Company has agreed to borrow US$3,300,000 from YA Global. The loan carries interest at 6% p.a. and is to be repaid in scheduled installments within 15 months of drawdown. The loan is secured under a Standby Equity Distribution Agreement ('SEDA') between Red Rock and YA Global entered into on 9 September 2009 and amended on 10 June 2011, and by security over 85,000,000 ordinary 0.1p shares in Red Rock Resources plc held by the Company.

The net loan proceeds of US$2,854,862 will be used to meet working capital requirements and to advance the Company's joint venture with Direct Nickel Ltd.

Enquiries:

Andrew Bell	0207 402 4580 or 07766 474849	Regency Mines plc	Chairman
Sandra Spencer	020 7402 4580 or 07757 660 798	Regency Mines plc	Public and Investor Relations
Peter Trevelyan Clark / Ben Jeynes	020 7489 4500	Religare Capital Markets	Nominated Adviser
Nick Emerson	01483 413500	Simple Investments Ltd	Broker