Regulus Resources Completes Definitive Agreement FOR Antakori Copper -GOLD Project, PERU
REGULUS RESOURCES COMPLETES DEFINITIVE AGREEMENT
FOR ANTAKORI COPPER -GOLD PROJECT, PERU
January 24, 2017, (Vancouver, BC ) – Regulus Resources Inc. ("Regulus", REG TSX.V) is very pleased to
announce that on January 23, 2017, its wholly owned Peruvian subsidiary, Southern Legacy Peru S.A.C. , finalized
the execution of a Definitive A greement with Compañía Minera Coimolache S.A. (“Coimolache”) to allow for
collaborative exploration of the AntaKori copper-gold project in northern Peru. This Definitive Agreement is based
on the previously executed Memorandum of Understanding with the terms of the agreement remaining effectively
the same. Please refer to the Regulus news release of May 18, 2016 for a summary of the key components of the
agreement. By mutual agreement, the Memorandum of Understanding and the time frame for the completion of a
parallel definitive agreement with Compañía Minera Colquirrumi S.A. (“Colquirrumi”) have been extended to
March 30, 2017 to allow for additional legal review (as previously announced on January 3, 2017) . The completion
of the Colquirrumi Agreement is required to maintain the Coimolache Agreement in good standing and both parties
are confident the agreement will be completed within the extension period.
John Black , Chief Executive Officer of Regulus, commented as follows: "We are very excited to have the
Definitive Agreement with Coimolache completed. This innovative agreement has been carefully crafted to allow
for the collaborative exploration of the AntaKori deposit while maintaining the autonomy of each party until such a
point as it becomes clear what the best path forward will be for development of the project. There is a small amount
of work remaining to complete the parallel agreement with Minera Colquirrumi for exploration on the north side of
the AntaKori project – this work will not take long a nd we see no impediments to having this agreement signe d
soon. We now look forward to an aggressive exploration program in 2017 with a 15-18,000 meter drilling program
scheduled to commence by early March . Additional details about the exploration program will be announced after
signing the definitive Colquirrumi agreement.”
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 min eral 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 (as that term is defined in policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward Looking Information
Certain statements r egarding Regulus, including management's assessment of future plans and operations, may
constitute forward-looking statements under applicable securities laws and necessarily involve known and unknown
risks and uncertainties, most of which are beyond Regul us' control. Often, but not always, forward -looking
statements or information can be identified by the use of words such as "plans", "expects" or "does not expect", "is
expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" o r "does not anticipate" or
"believes" or variations of such words and phrases or statements that certain actions, events or results "may",
"could", "would", "might" or "will" be taken, occur or be achieved.
Specifically, and without limitation, all statem ents included in this press release that address activities, events or
developments that Regulus expects or anticipates will or may occur in the future, including the prop osed exploration
and development of the AntaKori project described herein, and management's assessment of future plans and
operations and statements with respect to t he completion of the anticipated exploration and development programs ,
may constitute forward -looking statements under applicable securities laws and necessarily involve known and
unknown risks and uncertainties, most of which are beyond Regulus' control. These risks may cause actual financial
and operating results, performance, levels of activity and achievements to differ materially from those expressed in,
or implied by, such forward -looking statements. Although Regulus believes that the expectations represented in
such forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be
correct. The forward looking statements c ontained in this press release are made as of the date hereof and Regulus
does not undertake any obligation to publicly update or revise any forward -looking statements or information,
whether as a result of new information, future events or otherwise, unless so required by applicable securities law.