Mr. Bruce Bragagnolo reports

REGENCY SILVER CORP. OPTIONS THE LA INDIA MINERAL CONCESSION, SONORA, MEXICO EXPANDS POSITION IN DIOS PADRE DISTRICT

Regency Silver Corp. has entered into an agreement to option a 100-per-cent undivided interest in the La India mineral concession, located only 10 kilometres (km) north of the company's Dios Padre property.

The La India concession covers an area of approximately 4,823 hectares in the district of Yecora, Sonora, Mexico. The vendors are known local prospectors and are at arm's length to the company. They have previously sold the Mulatos and La India mine concessions in the district.

The La India claim overlies similar geology to the rocks that host Dios Padre. Early cretaceous andesitic volcanic rocks are proximal to late cretaceous plutonic rocks that are associated with Laramide-age porphyries in the district. The property exhibits localized zones of argillic, advanced argillic and pervasive silicification that are typically markers of hydrothermal alteration associated with Au-Ag (gold-silver) mineralized systems, such as the nearby La India and Mulatos gold mines.

"This transaction is a strategic step for Regency. The La India option meaningfully expands our land package in the district and confirms our commitment to the Dios Padre area. The success of our drilling at Dios Padre strengthens our hypothesis that we are operating within a large porphyry system in the Dios Padre district," stated Bruce Bragagnolo, chief executive officer.

In order to exercise the option, Regency Silver must make an initial payment of $60,000 (U.S.) and make further payments of $580,000 (U.S.) over five years, as well as pay taxes estimated at $145,000 (U.S.).

The company will also pay the vendors a one-time cash payment of $1-million (U.S.) upon the publication of a National Instrument 43-101 resource, which estimates that the area within the concession boundaries of La India contains a minimum of one million ounces of gold or its silver equivalent in the measured or indicated categories. This payment will be less any amounts paid for taxes or as option payments.

The vendors will be entitled to a 2-per-cent net smelter return royalty, which the company has the right to purchase half of by paying $1-million (U.S.).

About Regency Silver Corp.

Regency Silver is a Canadian resource company exploring for gold, copper and silver in Mexico. Regency Silver is led by a team of experienced professionals with expertise in both exploration and production. Regency's flagship project is the Dios Padre project in Sonora, Mexico, where Regency made a gold-copper-silver discovery that appears to be a magmatic-hydrothermal system that widens at depth. Drill results have included 38 metres of 7.36 grams per tonne (g/t) gold in hole REG 23-21, 36 metres of 6.84 g/t gold, 0.88 per cent copper and 21.8 g/t silver in hole REG 22-01, and 29.4 metres of 6.32 g/t gold in hole REG 23-14.

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