Regency Mines Plc

("Regency Mines" or the "Company")

Issue of Shares under Share Incentive Plan and Directors' Dealings

18 April 2019

Regency Mines Plc, the natural resource investment and development company, announces that on 2 April 2019 the Board of Directors approved the issuance of 21,240,000 ordinary shares in the Company ("Ordinary Shares") under the Company's Share Incentive Plan ("SIP") for the 2018/19 tax year as agreed in the Trustees meeting held on 1 April 2019.  Under the terms of the Free Share Agreement, the Board has declined to offer a Free Share award during the 2018/19 tax year.    

Under the terms of the SIP, once employees have satisfactorily completed their probationary period, they may sign up to the Partnership Share Agreement and Free Share Agreements, however, they may only begin active participation in the Partnership Agreement at the beginning of the tax year.

Partnership Share Agreement - Share Award

Employees may purchase up to £1,800 (or up to a maximum of 10% of their salary, whichever is the lower) worth of Shares (the "Partnership Shares") in any one tax year. The Company will match these shares on a 2:1 basis (the "Matching Shares"). The Partnership and the Matching Shares are issued with reference to the lower of the mid-market closing price at the beginning or at the end of the accumulation period.

Therefore, 7,080,000 Partnership Shares and 14,160,000 Matching Shares (being 21,240,000 Shares in aggregate) have been issued with reference to the mid-market closing price of 0.075p as of 29 March 2019, which is the end of the accumulation period for the 2018/19 tax year.

The Directors have participated in the Partnership Share issuance and the above numbers include such participation, further details of which are set out below.

All shares issued under the Partnership Share Agreement will be held by the SIP Trustees and such shares cannot be released to participants until five years after the date of the award, except in specific circumstances.

Directors' Participation

In respect of the 2018/2019 tax year, all Directors were eligible to participate in the Partnership and Matching Share schemes. These shares issued to Directors have been included in the table below, which sets out the total shareholding and interests of the Directors in the enlarged share capital of the Company:

Admission to trading on AIM and Total Voting Rights

Application is being made to AIM for 21,240,000 new Ordinary Shares allotted in relation to the SIP for 2018/19 tax year to be admitted to trading on AIM. Admission of the 21,240,000 new Ordinary Shares is expected on or around 26 April 2019.

Following the issue of the 21,240,000 new Ordinary Shares, the issued share capital of the Company consists of 1,516,894,159 ordinary shares of 0.01p each with voting rights. No Ordinary Shares are held in Treasury.

The above figure of 1,516,894,159 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 Disclosure and Transparency Rules.

For Further Information Contact:

Scott Kaintz 0207 747 9960                                                        Director Regency Mines Plc

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

Jason Robertson 0207 374 2212                                                Broker First Equity Limited

The following disclosure is made in accordance with Article 19 of the EU Market Abuse Regulation 596/2014.