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 with drawn. The Company is now proposing to rai se 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 C ompany 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.”