Regency GOLD Announces Private Placement and Debt Settlement

REGENCY GOLD CORP.

Suite 1703 – 595 Burrard Street

Vancouver, B.C. V7X 1J1

PRESS RELEASE

For Immediate Release

September 20, 2017

Vancouver, British Columbia

REGENCY GOLD ANNOUNCES PRIVATE PLACEMENT AND DEBT SETTLEMENT

Vancouver, BC – September 20 th, 2 017 - Regency Gold Corp. (RAU.H : TSX.V) (the “Company”)

announces that it proposes to raise up to $3 00,000 by way of a non -brokered private placement (the

“Financing”) through the issuance of up to 3,333,333 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 2,032,222 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.”

Cautionary Note Regarding Forward-Looking Statements: Certain disclosure in this release, including statements regarding the

intended use of proceeds constitutes "forward -looking statements" within the meaning of the United State s Private Securities

Litigation Reform Act of 1995 and Canadian securities legislation. In making the forward -looking statements in this release, the

Company has applied certain factors and assumptions that the Company believes are reasonable, including th at the Company is

able to obtain any required government or other regulatory approvals, and general risks associated with business and the

timing and success in the completion of private placements. However, the forward -looking statements in this release a re

subject to numerous risks, uncertainties and other factors relating to Regency Gold's operation that may cause future results to

differ materially from those expressed or implied in such forward -looking statements. Such uncertainties and risks may inclu de,

among others, delays in obtaining required government or other re gulatory approvals or financing . There can be no assurance

that such statements will prove to be accurate, and actual results and future events could differ materially from those

anticipated in such statements. Readers are cautioned not to place undue reliance on forward -looking statements. Regency

Gold does not intend, and expressly disclaims any intention or obligation to, update or revise any forward -looking statements

whether as a result of new information, future events or otherwise, except as required by law.