Final Results

Regency Mines PLC
28 November 2006

Regency Mines plc



Final audited results year to 30 June 2006



Dated: 28 November 2006

The year to 30 June 2006 saw several significant developments.  Some have been
previously reported in the interim statement in March, but I shall briefly
recapitulate.

Corporate events - Half Year to 31st December 2005

On 29 July 2005 the company's new subsidiary, Red Rock Resources plc, saw its
shares admitted to trading on AIM.  Red Rock Resources plc listed with a
portfolio of Australian iron ore and manganese properties, predominantly in
western Australia, and has since supplemented these with properties in the
Northern Territory of Australia, Zambia, and Malawi.  The additional properties
contained further manganese and iron ore prospects, but also some uranium and
gold mineralisation and a magnesite resource.

Corporate events - Half Year to 30th June 2006 and post-balance sheet period

In May 2006 the company acquired for £45,000 a 75% interest in a 584 sq km
exploration license covering the Mambare plateaus in Papua New Guinea.  The
plateau lies at 700m elevation adjacent to the Kokoda road, was explored for
lateritic nickel in the 1960s with encouraging results, and had the obvious
potential to host a major deposit.  It therefore complemented the company's
sulphide nickel interests in Western Australia.

On 3 July 2006 shares in Greatland Gold plc, a Tasmanian gold explorer in which
the company had earned an interest by assisting with the listing process, were
admitted to trading on AIM.

On 28 June 2006 the company announced an immediate private placement of
4,786,666 shares at 1.875p per share, together with an expected further placing,
and its agreement to subscribe for placings in Red Rock Resources plc and
Sunvest Corporation Ltd.  The second tranche of 7,150,544 shares was completed
on 3 August 2006.

We welcomed to the board in June Pedro Kastellorizos, BSc, aged 32, as alternate
to Andrew Bell and Technical Director.  Pedro has ten years of experience in
exploration, management, and tenement administration, including a period working
in the Titles Division of the Northern Territory Resources Department, and
service as Group Exploration Manager at Tennant Creek Gold Limited and
Exploration Director at Batavia Mining Limited.

At this year's AGM we propose to amend the Articles of the company so that
directors retire by rotation, and so bring our Articles into conformity with the
norm for publicly listed companies.

At 30 June 2006 the market value of the Company's holding in Red Rock Resources
plc was £1.278m; on 20 November 2006 the value was in excess of £2.1m
representing 97% of the market value of the Group.

Exploration

In the first half of the year, as previously reported in the interim statement,
exploration was carried out at the company's Bundarra copper-gold property in
Quensland which surrounds a 15km by 10km granodiorite pluton.  Soil sampling on
200 by 80m centres produced some significant results including 3.1% copper with
0.9 g/t gold and 10.8 g/t silver, and subsequently a 3,033m RAB drilling
programme of 104 shallow holes was undertaken in July and August 2006.

Some drill locations had to be changed because of steep terrain, and we conclude
that if future drilling is to address adequately the areas close to the
granite-hornfels contact at the pluton edge where prospects for high grade
mineralisation may be best, the generally greater relief in these areas will
require preparation of access roads and drill locations.  The RAB drilling
program however identified several areas of interest which warrant further work,
and a 1.37% copper intersection with specular haematite at 23 to 24m in the Iron
Duke area indicates the potential for copper mineralisation associated with rich
haematite units.  No base metal exploration work in the area has previously been
conducted over hematite rich units.  In the South Isens area up to 0.66 g/t gold
was encountered at 26-27m.

Further drilling is also warranted at Iron Duke to test continuations of the
anomalous copper zones and at several others of the prospects to test the
granite/hornfels contacts.  The McFadzens and Mt Flora areas show very strong
copper mineralisation as previous exploration results indicate potential
reserves of 250,000t @ 2.74% Cu based on 6 drill holes.  Mt Roger is another
prime copper-gold target to the south of the tenement in which little drilling
has been conducted.  Also numerous high grade thin copper lodes are located on
topographic high ridges to the north of the Flora Range Areas 1 and 2 which
require further drilling to test the continuity of the lode systems along strike
and depth.  These copper lodes are classified as high grade and have the
potential to the mined on a small scale as historical mining is evident
throughout the Bundarra tenement area.

The variety of targets and potential mineralisation styles at Bundarra requires
continuous reappraisal to identify the most cost-effective and promising way
forward. The tenement remains one of considerable interest and prospectivity.

Reconnaissance exploration was carried out on the company's Mt Stone gold
prospect in Queensland, and epithermal alteration was noted in surface exposures
in several areas. Future exploration of this area will follow up the potential
for epithermal mineralisation.

In September, extremely encouraging results from our exploration programme at
the recently acquired Mambare Plateau project were announced.  In 1999 Anaconda
Nickel Ltd reviewed the data over a 158 sq km area of the Mambare Plateau and
estimated two limonite resource potentials: 630 Mt at 0.78% nickel with a 0.5%
cut-off and 200 Mt at 1.01% nickel with a 0.8% cut-off.

We created a data base of the historical data with ground truthing, locating and
surveying and in some cases re-sampling the old pits, and creating seven
helipads.

Sampling results showed good correlation with previous results, with 19 of the
48 samples grading over 0.8% nickel and 11 grading over 1% nickel.

The 1971 sampling, and that carried out this season, tested systematically for
cobalt and the data indicate that over 500 ppm Co is very common in the
mineralized limonite sections, with one re-sampled hole grading 0.12%.  A cobalt
potential of approximately 0.1% can be added to the previous estimates of nickel
mineralization in the limonitic layer.  The old auger drilling and pitting did
not intersect much of the underlying and generally higher grade saprolite ore.
This resource potential may be similar to that of the limonite ore and can also
be added to the potential indicated by Anaconda.

This resource potential can be summarised as:

         Limonite Ore          200 Mt of 1% nickel and 0.1% cobalt and
         Saprolite Ore           200 Mt of 1.25-1.5% nickel.



Outlook

In the interim report I stated that we looked to the future with confidence.
That remains the case. On the corporate front, we expect developments from our
investments in other companies and possible future listings.

We expect to conduct further exploration at Mambare, and are in discussions with
possible partners in this regard.

Our overriding aim is to increase shareholder value.  One task that we must now
undertake is to bring market perceptions of the company closer to where we feel
they ought to be.  Presenting our story to the Press and public will be a high
priority in the period ahead.

Andrew R. McM. Bell

Chairman

24 November 2006

The Directors do not recommend the payment of a dividend.

The following statements are extracted from the audited financial statements.

Consolidated profit and loss account for the year ended 30 June 2006


                                                                Year ended                Period
                                                               30 June 2006         10 September
                                                                          £              2004 to   
                                                                                    30 June 2005
                                                                                               £


Turnover                                                            234,384                    -
Cost of sales                                                        44,200                    -
Gross profit                                                        190,184                    -


Exploration costs                                                  (89,815)
Administrative expenses                                           (276,506)            (108,070)
Currency gain                                                            90                    -
Operating loss                                                    (176,047)            (108,070)


Interest receivable                                                   6,625                    -
Interest payable                                                       (31)                    -
Loss on ordinary activities before taxation                       (169,453)            (108,070)
Taxation                                                            (6,250)                    -
Loss on ordinary activities after taxation                        (175,703)            (108,070)
Minority interests                                                   69,882                2,433
Retained loss for the period attributable to                      (105,821)            (105,637)
Shareholders of the Company


Loss per share - basic                                         (0.08) pence         (0.13) pence

Loss per share - fully diluted                                 (0.08) pence         (0.13) pence



There are no recognised gains or losses other than the loss for the year.

All the operations are considered to be continuing.

Consolidated balance sheet as at 30 June 2006


                                                30 June 2006                30 June 2005
                                                      £                          £
Fixed assets
Intangible assets                                          1,657,142                    963,348
Goodwill                                                      45,000
                                                           1,702,142                    963,348
Current assets
Debtors                                      105,422                       28,279
Investments                                   48,540                       44,200
Cash at bank                                 230,076                      154,334
                                             384,038                      226,813
Creditors - amounts due within              (80,941)                    (144,244)
one year

Net current assets                                           303,097                     82,569

Total assets less current                                  2,005,239                  1,045,917
liabilities

Share capital and reserves
Called-up share capital                      129,897                      125,110
Share premium account                      1,079,947                      991,921
Profit and loss account                    (203,711)                    (105,637)

Other reserves                               550,156                       12,457

Equity shareholders' funds                                 1,556,289                  1,023,851

Minority Interests                                           448,950                     22,066
                                                           2,005,239                  1,045,917




These financial statements were approved by the Board of Directors on 24
November 2006.



Company balance sheet as at 30 June 2006

                                                     30 June 2006              30 June 2005
                                                           £                         £
Fixed assets
Intangible fixed assets                             612,843                   579,292
Investments                                         347,000                   249,500
                                                                  959,843                 828,793
Current assets
Debtors                                             189,023                   120,432
Investments                                          33,049                    44,200
Cash at bank                                        100,368                    96,418
                                                    322,440                   261,050

Creditors - amounts due within one                 (46,958)                   (26714)
year

Net current assets                                                275,482                 234,336

Total assets less current liabilities                           1,235,325               1,063,129

Share capital and reserves
Called-up share capital                             129,897                   125,110
Share premium account                             1,079,947                   991,921
Profit and loss account                              25,481                  (53,902)


Equity shareholders' funds                                      1,235,325               1,063,129






These financial statements were approved by the Board of Directors on 24
November 2006.



Consolidated cash flow statement for the year ended 30 June 2006

                                                                 Year ended          Period ended
                                                               30 June 2006          30 June 2005
                                                                          £                     £

Net cash outflow from operating activities                        (333,707)              (38,975)
Returns on Investment and servicing of finance                        6,594                     -
Capital expenditure and investment                                (195,012)             (909,844)
Cash outflow before financing                                     (522,125)             (948,819)
Financing                                                           597,867             1,103,153
Increase in cash in the year                                         75,742               154,334




Profit attributable to parent undertaking

During the year, the parent undertaking reported a profit of £79,383 after
making a provision for taxation.  As permitted by Section 230 if the Companies
Act 1985, no separate profit and loss account is presented in respect of the
parent company.



Loss per share - Group                                                    2006            2005
                                                                             £               £
       The basic loss per share is derived by dividing the loss
       for the period attributable to ordinary shareholders by
       the weighted average number of shares in issue.

       Loss for the period                                           (105,821)       (105,637)

       Weighted average number of Ordinary shares of £0.001 in     125,136,824      78,013,246
       issue
                                                                  (0.08) pence    (0.13) pence
       Loss per share - basic
       Weighted average number of Ordinary shares of £0.001 in     133,136,824      81,413,246
       issue inclusive of outstanding options
                                                                  
       Loss per share - diluted                                   (0.08) pence    (0.13) pence



Notice is hereby given that the second Annual General Meeting of REGENCY MINES
plc will be held at 115 Eastbourne Mews, Paddington, London W2 6LQ on 28
December 2006 at 11.00 am for the purpose of considering and, if thought fit,
passing the following resolutions 1 to 6 which will be proposed as ordinary
resolutions and resolution 8 as a special resolution.



ORDINARY BUSINESS

1     To receive the report of the Directors and the audited financial 
      statements of the Company for the year ended 30 June 2006.
2     To re-elect as a Director of the Company Andrew Ronald McMillan Bell who 
      retires by rotation and, being eligible, offers himself for re-election.
3     To re-elect as a Director of the Company Kenneth Frank Watson who retires 
      by rotation and, being eligible, offers himself for re-election.
4     To re-elect as a Director of the Company Julian Michael Edward Lee who 
      retires by rotation and, being eligible, offers himself for re-election.
5     To re-elect as a Director of the Company John Watkins who retires by 
      rotation and, being eligible, offers himself for re-election.
6     To re-elect as a Director of the Company Pedro Kastellorizos who retires
      by rotation and, being eligible, offers himself for re-election.
7     To re-appoint Chapman Davis LLP as auditors of the Company to act until 
      the conclusion of the next Annual General Meeting and to authorise the 
      Directors to determine their remuneration.

SPECIAL BUSINESS

8     SPECIAL RESOLUTION

      That the Articles of Association be amended by inserting the following 
      wording to the end of regulation 18.2:

      'Subject to the provisions of the Act and of these Articles, any Director 
      so appointed shall retire from office at the annual general meeting of the 
      Company next following such appointment and will then be eligible for 
      election during such meeting and he shall not retire by rotation at such 
      meeting or be taken into account in determining the rotation of
      retirement of Directors at such meeting.'

      and by deleting regulation 18.4 in its entirety and inserting the 
      following in its place:

      'At each annual general meeting, one-third of the Directors shall retire 
      from office provided that:

      18.4.1    if their number is more than three, but not a multiple thereof 
      then the number nearest to but not exceeding one-third shall retire;

      18.4.2    if their number is two, one of such Directors shall retire; and

      18.4.3    if their number is one that Director shall retire;

      and a Director retiring at a meeting shall if he is not reappointed at 
      such meeting retain office until the meeting appoints someone in his place 
      or if it does not do so, the dissolution of such meeting.'.





It is anticipated that the Company will mail copies of the full report and
financial statements to all shareholders on Monday 4 December 2006.  Copies will
also be available from the Company's website and from the Company Secretary at
the registered office:  55 Gower Street, London WC1E 6HQ.

Enquiries:

Andrew Bell        07766 474849     Regency Mines plc           Chairman

John Watkins       01483 771992     Regency Mines plc           Finance Director

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



Updates on the Company's activities are regularly posted on Regency Mines
website, www.rrrplc.com.




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