REGENCY MINES PLC

("Regency" or the "Company")

Close of Live Market Bookbuild

Issue of Equity

Total Voting Rights

19 January 2017

Further to the announcement of 18 January 2017, Regency Mines plc announces that the Live Market Bookbuild through the Teathers mobile application (the "Teathers App") has closed oversubscribed and that consequently £50,000 has been raised and 12,500,000 new ordinary shares of 0.01 pence each ("Shares") in the Company will be issued at a price of 0.4p per share with 1 for 1 warrants exercisable at a price of 0.8p for twenty-four months ("Placing").

The purpose of the Placing is to increase the Company's working capital.

This will be the first Live Market Bookbuild offered via the Teathers App. Only onboarded users of the Teathers App were able to participate in the Live Market Bookbuild.

Andrew Bell, Regency Chairman, states: "This was the first Live Market Bookbuild offered via the Teathers App, which is so far only available on the iPhone platform and was only available to onboarded users. Given that the placing was at market price, and was only open for subscription for one and a half trading days, the fact that it closed oversubscribed is a vote of confidence both in the Company and in the App. We believe this will prove a useful tool for companies such as ourselves when they seek efficient access to market capital, and wish to offer existing shareholders transparent access to share issues. We are pleased to have been a pioneer in demonstrating the concept."     

Further Information and Additional Terms

The Placing is conditional on admission of the Shares to trading on AIM ("Admission").

Application has been made to the London Stock Exchange for Admission of the Shares, which will rank pari passu with the Company's existing issued Ordinary Shares. Dealings are expected to commence at 8.00 a.m. on or around 27th January 2017

Total Voting Rights

Following the Placing, the Company's total issued ordinary share capital will consist of 407,384,571 Shares with voting rights.  No Shares are held in treasury.

The above figure of 407,384,571 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in the Company under the FCA's Disclosure and Transparency Rules.

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.

Background Information

Regency Mines is a natural resource development and investment company with interests in oil and mineral exploration, and in the production of metallurgical coal. Regency holds energy interests in Horse Hill Development Limited, that has discovered substantial oil deposits near Gatwick, Curzon Energy plc, with development interests in coal bed methane in Oregon, and Carbon Minerals Corporation, which is currently re-opening the Rosa metallurgical coal mine in Alabama. Regency also controls the Mambare project in Papua New Guinea, where it established through exploration a large nickel-cobalt Resource, and the Motzfeldt tantalum-niobium Resource in southern Greenland.

The Teathers App is a mobile app designed to give qualified private investors access to placements & Initial Public Offerings (IPOs), predominantly on the London Stock Exchange's Alternative Investment Market (AIM). There are currently 993 companies listed on AIM. During the course of 2016 these companies have raised £3.27 billion in secondary fundraisings (placements) (DATA: AIM Statistics to end Nov. 2016). 

The Teathers App is an execution only platform. When an AIM-listed company raises money by private placement, "onboarded" users of the Teathers App have the opportunity to participate in the placement on the same terms as other investors. An "onboarded" user of the Teathers App is one who has already opened a brokerage account with Shard Capital. Shard Capital is the broker supporting the re-launch of the Teathers App and provides the necessary environment, including compliance oversight and client identification. Shard Capital is authorised and regulated by the FCA.

The Teathers App is currently available in the App Store.  A version of the Teathers App will be released in Google Play in Q1 2017.

For further information, please contact:

Andrew Bell 0207 747 9960                                                  Chairman Regency Mines Plc

Scott Kaintz 0207 747 9960                                                   Executive Director Regency Mines Plc

Roland Cornish/Rosalind Hill Abrahams 0207 628 3396    NOMAD Beaumont Cornish Limited

Jason Robertson 0129 351 7744                                           Broker Dowgate Capital Stockbrokers Ltd.