Issue of Equity

Regency Mines PLC
03 August 2006

                                   REGENCY MINES PLC

                                    Issue of Equity


Dated: 3 August 2006

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 7,150,544 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.

Sunvest Corporation Limited ('Sunvest') has subscribed for a further 4,286,666
of at 1.875p per Share under the terms of a conditional agreement dated 1st June
2006 between the Company and Sunvest, a company incorporated in Australia and
listed on the Australian Stock Exchange, and announced on 28 June 2006.

On the 28 July 2006 the Company received notification that Sunvest had purchased
4,000,000 Shares in Regency and currently holds 12,573,332 Shares representing
9.2% of the issued share capital of the Company.

Under a letter agreement dated 1 June 2006 Bellmin Limited ('Bellmin'), a
company associated with Andrew Bell, agreed to subscribe for a further 1,000,000
Shares at an issue price of 1.875p per Share following the further investment by
Sunvest detailed above. Following this transaction Bellmin and Andrew Bell are
directly and indirectly interested in 43,700,002 Shares representing 31.9% of
the enlarged issued share capital of the Company.

Under the terms of a purchase agreement entered into between the Company and
Callum Baxter and Paul Askins dated 23 February 2005 relating to the acquisition
of the Mount Ida tenement, the Company allotted and issued 1,863,878 Shares as
part consideration on 28 July 2006 to Callum Baxter and Paul Askins. 931,939
Shares were issued to Callum Baxter and 931,939 Shares were issued to Paul
Askins

Following the issue of these Shares the Company's total issued share capital
will be 137,047,806 ordinary 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 9 August 2006.

Enquiries:


Andrew Bell        07766 474849    Red Rock Resources plc      Chairman

John Simpson       020 7512 0191   ARM Corporate Finance Ltd   Nominated Adviser

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




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