Mr. John Black reports

REGULUS CONSOLIDATES 100% OWNERSHIP OF THE COLQUIRRUMI CLAIMS

Regulus Resources Inc. has executed an agreement with Compania de Minas Buenaventura SAA dated effective Aug. 26, 2024, to acquire the remaining 30-per-cent interest in the Colquirrumi claims that the company did not already own (see company press release dated Feb. 15, 2023).

In exchange for the remaining 30-per-cent interest, Regulus has granted Buenaventura a 2-per-cent NSR (net smelter return) over the Colquirrumi claims, of which 0.5 per cent can be repurchased within 10 years in exchange for $1-million (U.S.).

The Colquirrumi claims represent approximately 2,571 hectares of mineral rights in a prolific mining district, adjacent to and interfingered with Regulus's AntaKori property. Less than 5 per cent of the Colquirrumi claims have been properly explored, however, several encouraging mineralized areas were discovered in Regulus's previous drill programs.

John Black, chief executive officer of Regulus, commented: "This agreement consolidates a large portion of land that we know to be mineralized. There is also significant strategic value given that any large mining operation in the district would need to incorporate the Colquirrumi claims to expand resources and layback an open pit. By acquiring the remaining 30 per cent of this claims package, we have grown our 100-per-cent-owned claims package substantially."

Qualified person

The scientific and technical data contained in this news release pertaining to the AntaKori project has been reviewed and approved by Dr. Kevin B. Heather, chief geological officer, FAusIMM, who serves as the qualified person (QP) under the definition of National Instrument 43-101.

We seek Safe Harbor.