Issue of Equity

Regency Mines PLC
12 April 2007



                              REGENCY MINES PLC

                              Issue of Equity



Dated: 12 April 2007

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 a further 33,178,570 new ordinary
shares of 0.1p each in the capital of the Company (the 'Shares'), conditional on
the Shares being admitted to trading on AIM.

City Equities Limited has agreed to subscribe for 30,000,000 Shares at 1.75p per
Share. Following the subscription, City Equities Limited will hold 30,000,000
Shares, which is approximately 17.62% of the issued share capital as enlarged by
the placing.

Bellmin Limited ('Bellmin'), a company associated with Andrew Bell, agreed to
subscribe for a further 1,214,285 Shares at an issue price of 1.75p per Share.
Following this transaction Bellmin and Andrew Bell are directly and indirectly
interested in 44,914,287 Shares representing 26.39% of the enlarged issued share
capital of the Company.

John Watkins, a director of the Company and of Starvest plc, a significant
shareholder in the Company, agreed to subscribe for 250,000 Shares at 1.75p per
Share. Following this transaction John Watkins is directly and indirectly
interested in 26,350,000 Shares, 25,850,000 Shares held by Starvest plc and
500,000 Shares held personally, representing in total 15.48% of the enlarged
issued share capital of the Company.

Following the issue of these Shares the Company's total issued share capital
will be 170,226,376 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 18 April 2007.



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.




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