REGENCY MINES PLC

Regency Mines plc is planning an exploration program on its Lake Johnston, Western Australia property to test nickel targets along the magnetic anomaly, and gold/base metal targets in the conductive shear zone along the continental margin. It will begin in January with a ground EM (electromagnetic) geophysical survey to further define the target zone and minimise drill metres, and MMI (mobile metal ion) geochemistry over magnetic and conductive targets. The intention is that this will be followed in February by a 4,000m RAB (rotary air blast) stage 1 drill programme. In March a 2,000m stage 2 Aircore infill drill programme will begin, and depending on results a 2,000m follow-up stage 3 RC (reverse circulation) drill programme with downhole EM geophysics will begin in April to test deeper targets.