Regency Gold Proposes New Private Placement and Debt Settlement

REGENCY GOLD CORP.

Suite 1703 – 595 Burrard Street Vancouver, B.C. V7X 1J1

PRESS RELEASE

For Immediate Release January 26, 2018 Vancouver, British Columbia

REGENCY GOLD PROPOSES NEW PRIVATE PLACEMENT AND DEBT SETTLEMENT

Vancouver, BC – January 26, 2018 - Regency Gold Corp. (RAU.H: TSX.V) (the “Company”) announces that, further to its press release dated November 29, 2017, the previously proposed private placement and debt settlement has been withdrawn. The Company is now proposing to raise up to $1,00,000 by way of a non-brokered private placement (the “Financing”) through the issuance of up to 11,111,111 units at a price of $0.09 per unit (the “Unit”). Each Unit will consist of one common share and one common share purchase warrant (the “Warrant”). Each Warrant will entitle the holder to purchase one additional common share of the Company at a price of $0.12 for a period of one year from closing of the Financing. Proceeds of the Financing will be used for general working capital.

In addition, the Company has received verbal acceptances from certain creditors and proposes to issue up to 2,777,778 shares at a price of $0.09 per share in respect of liabilities accrued for deferred salaries to its chief executive officer and chief financial officer. This settlement will allow the Company to preserve its cash for general corporate purposes and to fund the investigation of other potential acquisitions.

The Financing and debt settlement is subject to compliance with applicable securities laws and to receipt of regulatory approval, and will not result in any new control persons.

On Behalf of the Board,

Bill Radvak President and CEO Telephone: (778) 888-4101 Email: [email protected]

“Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.”