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File: NR-11Feb22-EuroGas-Final.doc

REGENT VENTURES LTD.
Penthouse 8 - 1060 Alberni Street, 
Vancouver, BC V6E 4K2
Telephone (604) 669-7775  Fax: (604) 687-3581
Website: www.regentventures.ca


February 22, 2011	TSX Trading Symbol: REV


UPDATE ON SALE OF INTEREST IN McCALLAN
 
 
Vancouver, British Columbia - Regent Ventures Ltd. ("Regent") is pleased to announce that it has entered into an agree
--->ment to extend the closing on the sale of its 45% interest in McCallan Oil & Gas (U.K.) Inc. to EuroGas, Inc. ("EuroGa
--->s") and to revise the terms for completing the acquisition. 
Pursuant to the terms of this amending agreement, at Closing, EuroGas will:
1.	 issue to Regent, 20,000,000 shares in the capital of EuroGas in lieu of the payment of $3,000,000 in cash;
2.	 issue to Regent 2,000,000 free trading shares in the capital of EuroGas with respect to previous extensions grante
--->d; and
3.	 issue to Regent 2,500,000 shares in the capital of EuroGas to purchase the 1% overriding royalty held by Regent ov
--->er McCallan's 24% interest in the Polish oil project.
The 20,000,000 shares and the 2,500,000 shares will be subject to the usual regulatory hold periods. EuroGas has agree
--->d to provide, in irrevocable form, at Closing, all documents necessary to have the restriction from trading removed fr
--->om the shares on completion of the regulatory hold period.  
Closing under the agreement is targeted for March 10, 2011.
REGENT VENTURES LTD.

Per:    "Richard Wilson"		 	 Richard Wilson
	President and CEO