Regulus Announces Grant of Stock Options

REGULUS ANNOUNCES GRANT OF STOCK OPTIONS

VANCOUVER, CANADA (February 4, 2019) – Regulus Resources Inc. (“Regulus” or the “Company”) (TSX.V

– REG) announces that incentive stock options have been granted to directors, officers, employees and consultants to

purchase up to 5,550,000 common shares at a price of $1.60 per share for five years, pursuant to its Stock Option Plan.

The bulk of these options were granted to insiders to replace options that they had recently exercised well before their

expiry dates to ensure that the Company had sufficient capital to continue funding the Phase 1 drill program at its

AntaKori project in Peru while the Company was precluded from raising capital because of the Aldebaran spinout

transaction.

The Company currently has 90,994,594 shares issued and outstanding, along with 7,750,000 options (including the

options described above) and 4,404,759 warrants outstanding.

For Further Information, please contact:

Regulus Resources Inc.

John E. Black, CEO / Director

Phone: +1 303 618-7797 mobile

+1 720 514-9036 office

Email: [email protected]

About Regulus Resources Inc.

Regulus Resources Inc. is an international mineral exploration company run by an experienced technical and

management team, with a portfolio of precious and base metal exploration properties located in North and South

America. For further information on Regulus Resources Inc., please consult our website at www.regulusresources.com

.

Neither the TSX Venture Exchange, nor its Regulation Services Provider accepts responsibility for the adequacy or

accuracy of this release.

Caution Regarding Forward-Looking Statements

This press release includes certain statements that may be deemed “forward-looking statements”. All statements in this

discussion, other than statements of historical facts, that address future exploration drilling, exploration activities,

anticipated metal production, internal rate of return, estimated ore grades, commencement of production estimates and

projected exploration and capital expenditures (including costs and other estimates upon which such projections are

based) and events or developments that the Company expects, are forward looking statements. Although the Company

believes the expectations expressed in such forward looking statements are based on reasonable assumptions, such

statements are not guarantees of future performance and actual results or developments may differ materially from

those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-

looking statements include metal prices, exploration success, continued availability of capital and financing, and

general economic, market or business conditions. Accordingly, readers should not place undue reliance on forward-

looking statements.