Regency Silver Announces Private Placement of up to CAD$2.0 Million at $0.40 per Share

Regency Silver Announces Private Placement

of up to CAD$2.0 Million at $0.40 per Share

VANCOUVER, BC

,

March 24, 2023

/CNW/ -

Regency Silver Corp.

("Regency Silver" or the

"Company") (TSXV: RSMX) (OTCQB: RSMXF) is pleased to announce that it has arranged, subject

to regulatory approval, a non-brokered private placement of up to 5 Million common shares at a

price of

CAD$0.40

per share for gross proceeds of

CAD$2.0 Million

. Closing of the private

placement is anticipated to take place on or before

Wednesday, March 29, 2023

.

There will be finders fees payable in cash or securities, as permitted by the policies of the Exchange

equal to 6% of the proceeds raised by the finder.

All common shares issued under the private placement will be subject to a four month hold period, in

accordance with applicable Canadian securities laws.  

The proceeds will be used for ongoing drilling on the flagship Dios Padre property of Regency Silver

and for general working capital. The 2023 ongoing drill program is progressing well with 6 core drill

holes completed since the middle of January. Regency is currently drilling the seventh hole.

The ongoing drill program is designed to follow up on discovery Hole REG 22-01 drilled in 2022.

REG 22-01 yielded

35.8

metres of

6.84

g/t gold,

0.88%

copper and

21.82

g/t silver.

The follow up drill program began on

January 15

th

2023. The visual results of the first three holes

totaling

1,974m

of drilling were reported in our

February 23, 2023

news release.

Holes 4, 5 and 6 of the drill program are designed to find continuity of the breccia

50m

to the west of

Hole REG 22-01.

Highlights of the program as reported in our

February 23

news release include:

REG-23-14 intersects

32m

of pyrite-specularite-chalcopyrite supported breccia from

~454-

486m

within a broader zone of disseminated and vein hosted mineralization ~25m down

dip from REG-22-01.

REG-23-15 intersects

120m

of specularite-pyrite-chalcopyrite supported breccia from

~400-

520m

(Figure 3a,b,c,d and e) within a broader zone of disseminated and vein hosted

mineralization ~85m down-dip from REG-22-01 and ~62m down-dip from REG-23-14.

Assay results for the first 3 holes are expected by mid April.

The data collection portion of the Induced Polarization (IP) program on the Dios Padre property has

been completed. The results of the IP program are also expected before mid April.

For further details about Regency Silver please visit the Company's website at

www.Regency-Silver.com

.

Technical Information

The technical information contained in this news release has been reviewed by Company director

Michael Tucker, P.Geo, who is recognized as a Qualified Person under the guidelines of National

Instrument 43-101. Mr. Tucker is a director of the Company and for that reason is not considered

independent. Mr. Tucker has read and approved the technical contents of this news release.

ABOUT REGENCY SILVER CORP.

Regency Silver is a gold-copper-silver exploration company focused on the Americas. Regency

Silver is led by a team of experienced professionals with expertise in both exploration and

production. Regency Silver's flagship project is the Dios Padre gold-copper-silver project in

Sonora,

Mexico

.

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.

SOURCE

Regency Silver Corp

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For further information:

Bruce Bragagnolo, Executive Chairman, Phone: 1-604-417-9517, Email:

[email protected]; Gijsbert Groenewegen, Chief Executive Officer, Phone: 1-646-247-

1000, Email: [email protected]

CO: Regency Silver Corp

CNW 16:15e 24-MAR-23