Mr. Bruce Bragagnolo reports

REGENCY SILVER ANNOUNCES CLOSING OF OVERSUBSCRIBED PRIVATE PLACEMENT FINANCING OF $4.25M

Regency Silver Corp. has closed its previously announced non-brokered private placement for total proceeds of $4,247,500.

Bruce Bragagnolo, chief executive officer of the company, commented: "We are pleased that this financing was strongly supported by long-term shareholders and U.S.-based institutional investors who have known and worked with Regency for many years, as well as Centurion One Capital as advisers. Their support allowed us to promptly complete this oversubscribed financing. The proceeds will support our ongoing drill program at Dios Padre and allow us to continue to grow the scale of this discovery."

Regency Silver has issued 16.99 million units of the company at a price of 25 cents per unit for aggregate gross proceeds of $4,247,500. Each unit consists of one common share of the company and one-half of one common share purchase warrant. Each whole warrant entitles the holder to acquire one additional common share at a price of 35 cents per share for a period of two years from the date of issuance.

Centurion One Capital Corp. has acted as special adviser in connection with the private placement. In connection with this closing, the company paid aggregate cash advisory and finders' fees of $141,000.

All securities issued under the private placement are subject to a four-month hold period in accordance with applicable Canadian securities laws. The proceeds will be used for exploration and development of the company's properties, acquisition of additional properties, and general working capital. The private placement remains subject to final acceptance by the TSX Venture Exchange.

About Regency Silver Corp.

Regency is a Canadian resource company exploring for high-grade 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 high-grade Dios Padre project in Sonora, Mexico, where Regency has made a large, high-grade, gold-copper-silver discovery, which appears to be a large magmatic-hydrothermal system, which widens at depth.

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