REGIS RESOURCES LIMITED — AGM Information 2011

Nov 27, 2011

Building a quality gold business

AnnualGeneral Meeting 28 November 2011

This presentation contains only a brief overview of Regis Resources Limited and its associated entities ("Regis or RRL") and their respective activities and operations. The contents of this presentation, including matters relating to the geology of Regis' projects, may rely on various assumptions and subjective interpretations which it is not possible to detail in this presentation and which have not been subject to any independent verification.

This presentation contains a number of forward‐looking statements. Known and unknown risks and uncertainties, and factors outside of Regis' control, may cause the actual results, performance and achievements of Regis to differ materially from those expressed or implied in this presentation.

To the maximum extent permitted by law, Regis does not warrant the accuracy, currency or completeness of the information in this presentation, nor the future performance of Regis, and will not be responsible for any loss or damage arising from the use of the information.

The information contained in this presentation is not a substitute for detailed investigation or analysis of any particular issue. Current and potential investors and shareholders should seek independent advice before making any investment decision in regard to Regis or its activities.

The technical information in this presentation has been reviewed and approved by Mr Morgan Hart who is a member of the Australasian Institute of Mining and Metallurgy. Mr Hart has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 edition of the 'Australasian Code for the Reporting of Exploration Results, Mineral Resources and Ore Reserves'. Morgan Hart is a director and full time employee of Regis Resources Ltd and consents to the inclusion in the report of the matters based on his information in the form and context in which it appears. 2

• Moolart Well now a gold mine
• Business generating strong cashflow
• Resources increased from 4.8Moz to 6.5Moz
• Reserves increased from 0.8Moz to 2.9Moz
• Garden Well DFS completed high quality project
• Garden Well in construction Sept12 quarter start
• Development to be largely funded from cashflow

3 Note – full breakdown of the resource & reserve in accordance with JORC is set out inAppendix 1 & 2 to this presentation

• Regis 2012/13 production forecast ≈ 350koz
• New 487koz reserve at Rosemont assess development options

	2010	2011
 Goldprice(USD)	$1,363	$1,687	+24%
 Goldprice(AUD)	$1,413	$1,740	+23%
 ASXAllOrds	4,690	4,058	‐13%
 ASXGoldIndex	7,825	6,708	‐14%
 ASX200	4,598	3,984	‐13%
 RRLSharePrice	$1.88	$3.20	+70%
 RRLMarketCap	$806m	$1,390m	+72%4

	Total
	MT	g/t	Koz
Garden Well	35.3	1.46	1,660
Moolart Well
- Laterites	8.8	1.30	367
- Oxide	2.6	1.82	153
MW Total	11.4	1.42	520
Erlistoun	2.7	2.36	203
Rosemont	8.7	1.73	487
Total	58.1	1.54	2,870

	Sept 2011Quarter	Jun 2011Quarter	Mar 2011Quarter
Ore mined (tonnes)	657,919	619,239	598,048
Ore milled (tonnes)	636,812	636,058	580,495
Grade (g/t)	1.40	1.44	1.28
Recovery (%)	92	89	92
Production (oz)	26,477	26,189	22,005
Cash cost (A$/oz)	487	525	545
Cash cost including royalties(A$/oz)	554	589	599

• 107koz of production since start‐up inAug 2010
• Throughput optimised at 2.5mtpa (design +25%)
• Forecast 2012 95‐105koz atA$540‐590/oz (pre royalties)

11/27/2011

Cash

• $42.5m at 30 Sept 11
• A$24.4m operating cash‐flow in Q1 2012 Profit
• $36.3m NPAT for 2011 (10 months of operations) Debt
• Facility of $60m ‐ drawn toA$30m
• $30m available forGardenWell development Hedging
• 199koz of hedging (8% of reserves)
  • 119koz atA$1,401/oz 12koz/qtr 2012 2014
  • 80koz atA$1,504/oz spot deferred

Goal

Build reserves beyond 3 million ounces

Strategy

• Depth and southern strike at Garden Well
• Moolart Well oxides
  • Resource conversion drilling
  • Optimisation of current reserves
• Prioritise and drill satellite resources
• Drill new prospects & regional exploration

Delivery

Not reliant on new discovery

6 regional satellite deposits (excluding MW,GW, Erlistoun & Rosemont) Resources of 315koz1 None more than 15km away from either MW orGW All on granted mining leases Drill outs and reserve

studies planned Incremental reserve ounces likely

Note 1 – full breakdown of these resources in accordance with JORC is set out in Appendix 2 to this presentation

Hole	From (m)	To (m)	Intersection(m)	Grade (g/t)
GDAC038	60	110	50	2.36
GDAC037	41	92	51	2.78
GDAC036	65	109	44	3.65
GDAC032	71	104	33	3.17
GDAC031	44	64	20	2.90
GDAC024	40	82	42	2.02
GDAC022	32	51	19	3.99
GDAC002	51	124	73	3.61
GDAC005	42	111	69	4.26
GDAC014	46	50	4	20.90
GDAC014	89	108	19	4.50
GDAC018	77	97	20	3.80
GDRC013	147	207	60	1.81
GDRC015	56	95	39	4.54
GDRC024	103	131	28	2.60
GDRC032	132	142	10	2.66
GDRC035	43	132	89	2.3034

Operations Summary
Total gold production	1.57 million ounces
Average annual gold production	180,000 ounces
Year 1 gold production	247,000 ounces(cash cost less than A$400/oz)
Capital cost	A$109 million
Cash operating cost(life of mine, pre royalties)	A$555 per ounce
Mine life	9 years37

	Financial Analysis
Revenue(at A$1,400/oz GP)	A$2.2 billion
Net cash flow(after capex, before tax)	A$1.1 billion
NPV @ 6%(after capex, before tax)	A$750 million
IRR	143%
Payback period	7 months
		38

Granted mining lease Within 10km ofGW

Resource:

21.3 MT @ 1.57 g/t for 1.08 Moz

Reserve

8.7 MT @ 1.73 g/t for 487,000 oz

	ReserveStudy Results
Goldpriceforpitoptimisation	A$1,000/oz
Totalpitvolume(bcm)	24.6million
Strippingratio (waste:ore)	5.61
Ore(tonnes)	8.7million
Grade(g/t)	1.73
Contained gold(ounces)	487,145
Millingrecovery(%)	95
Recoveredgold(ounces)	462,788

ReserveStudy Results
Mining cost (A$/tonne)	A$23.65
Milling cost (A$/tonne)	A$9.13
Administration cost (A$/tonne)	A$0.50
Total operating cost (A$/tonne)*	A$33.28
Total operating cost (A$/oz)*	A$628
Operating surplus (pre royalties & tax)#	A$357 million
* Before royalties # Using a A$1,400 gold price
		61

Scale of project means all options can be considered:

• Road haulage to GardenWell (10km)
• Overland conveying of crushed ore
• Relocate Moolart Well mill at end of MW ops
• Construct stand alone processing plant

		Proven			Probable			Total
Project	MT	gradeg/t	goldkoz	MT	gradeg/t	goldkoz	MT	gradeg/t	goldkoz	Cut‐offGradeg/t
Garden Well				35.3	1.46	1,660	35.3	1.46	1,660	0.60
Moolart Well
Laterite	7.8	1.31	335	1.0	1.00	32	8.8	1.30	367	0.50
Oxide	1.4	1.64	75	1.2	2.02	78	2.6	1.82	153	0.50
Total MoolartWell	9.2	1.39	410	2.2	1.56	110	11.4	1.42	520
Erlistoun	1.3	2.34	95	1.4	2.37	108	2.7	2.36	203	0.70
Rosemont				8.7	1.73	487	8.7	1.73	487	0.50
TotalReserves	10.5	1.50	505	47.6	1.55	2,365	58.1	1.54	2,870

		Measured			Indicated			Inferred			Total Resources
Project	MT	g/t	goldkoz	MT	g/t	goldkoz	MT	g/t	goldkoz	MT	g/t	goldkoz	Cut‐offGradeg/t
Moolart Well
Laterite	9.8	1.45	459	1.0	0.90	29	0.3	0.88	8	11.1	1.39	496	0.50
Oxide	1.2	1.85	71	3.9	1.52	192	6.7	1.45	314	11.9	1.51	577	0.80
Sulphide							2.4	1.37	108	2.4	1.37	108	1.00
Low Grade	4.0	0.42	54	13.9	0.47	212	48.5	0.50	774	66.4	0.49	1040	0.3
Total Moolart Well	15.0	1.21	584	18.8	0.72	433	58.0	0.65	1,204	91.8	0.75	2,220
Garden Well				44.7	1.33	1,914	17.2	1.2	644	61.9	1.29	2,558	0.50
Erlistoun	2.3	1.92	143	3.0	1.88	179				5.3	1.90	321	0.50
Satellite Deposits
Dogbolter							0.9	2.91	87	0.9	2.91	87	1.00
Rosemont				14.6	1.68	793	6.7	1.3	285	21.3	1.57	1,078	0.50
King John							0.7	3.18	72	0.7	3.18	72	1.00
Russells Find							0.4	3.84	55	0.4	3.84	55	1.00
Baneygo							0.8	1.70	43	0.8	1.70	43	0.50
Reichelts Find				0.1	3.69	17				0.1	3.69	17	1.00
Petra							0.4	3.12	42	0.4	3.12	42	2.00
Total SatelliteDeposits				14.7	1.71	810	9.9	1.83	584	24.6	1.76	1,394
Total	17.3	1.31	727	81.2	1.28	3,336	85.1	0.89	2,432	183.6	1.10	6,493
Regis share												6,471
	Note 1 – all resources other than GardenWell and Rosemont quoted at 30/6/11. Note 2 ‐Tonnes and Ouncesare rounded, rounding errors may occur.MT = million tonnes, g/t = gold grade in grams per tonne, koz = thousands of ounces										69