REGIS RESOURCES LIMITED — Capital/Financing Update 2004

Dec 21, 2004

Rule 2.7, 3.10.3, 3.10.4, 3.10.5

Appendix 3B

New issue announcement, application for quotation of additional securities and agreement

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public.

Introduced 1/7/96. Origin: Appendix 5. Amended 1/7/98. 1/9/99. 1/7/2000. 30/9/2001. 11/3/2002

Name of entity

Regis Resources N.L.

ABN 28 009 174 761

We (the entity) give ASX the following information.

Part 1 - All issues

You must complete the relevant sections (attach sheets if there is not enough space).

$\overline{1}$ *Class of *securities issued or to be issued

Fully paid ordinary shares

• $\mathcal{P}$ Number of *securities issued or to be issued (if known) or maximum number which may be issued
• 3 Principal terms of the +securities (eg, if options, exercise price and expiry date; if partly paid *securities, the amount outstanding and due dates for payment; if *convertible securities, the conversion price and dates for conversion)

800,000 fully paid ordinary shares

Fully paid ordinary shares

+ See chapter 19 for defined terms.

4	Do the + securities rank equally in allrespects from the date of allotment withan existing + class of quoted +securities?If the additional securities do not rankequally, please state:the date from which they dothe extent to which they participatefor the next dividend, (in the case ofa trust, distribution) or interestpaymentthe extent to which they do not rankequally, other than in relation to thenext dividend, distribution or interestpayment	All shares allotted will rank pari pasu with existingordinary shares.
5	Issue price or consideration	5 cents each
6	Purpose of the issue(If issued as consideration for theacquisition of assets, clearly identifythose assets)	Payment of consulting services as approved byshareholders at annual general meeting on 30November 2004.
7	Dates of entering *securities intouncertificated holdings or despatch ofcertificates	30 December 2004

+ See chapter 19 for defined terms.

$\overline{8}$ Number and +class of all +securities quoted on ASX (including the securities in clause 2 if applicable)

Number	+ Class
293,943,185	Ordinary Shares
38,970,230	Options maturing 31October 2012
25,766,079	Options expiring 30 April2012
96,718,936	Options expiring 31January 2014

• $\overline{9}$ Number and +class of all +securities not quoted on ASX (including the securities in clause 2 if applicable)
• 10 Dividend policy (in the case of a trust, distribution policy) on the increased capital (interests)

Number	+ Class
70,000	Options expiring24/03/2010

Part 2 - Bonus issue or pro rata issue

$N/A$

• $11$ Is security holder approval required?
• $12°$ Is the issue renounceable or nonrenounceable?
• 13 Ratio in which the +securities will be offered
• +Class of +securities to which the offer 14 relates
• *Record date to determine entitlements 15
• 16 Will holdings on different registers (or subregisters) be aggregated for calculating entitlements?
• Policy for deciding entitlements in relation $172$ to fractions

N/A
N/A
$\overline{\text{N/A}}$
N/A
N/A
$\overline{N/A}$
N/A

+ See chapter 19 for defined terms.

Appendix 3B New issue announcement

18	Names of countries in which the entityhas *security holders who will not be sentnew issue documents	N/A
	Note: Security holders must be told how theirentitlements are to be dealt with.Cross reference: rule 7.7.
19.	Closing date for receipt of acceptances orrenunciations	N/A
20	Names of any underwriters	N/A
21	Amount of any underwriting fee orcommission	N/A
22	Names of any brokers to the issue	N/A
23	Fee or commission payable to the brokerto the issue	N/A
24	Amount of any handling fee payable tobrokers who lodge acceptances orrenunciations on behalf of +securityholders	N/A
25.	If the issue is contingent on +securityholders' approval, the date of the meeting	N/A
26.	Date entitlement and acceptance formand prospectus or Product DisclosureStatement will be sent to persons entitled	N/A
27	If the entity has issued options, and theterms entitle option holders to participateon exercise, the date on which noticeswill be sent to option holders	N/A
28	Date rights trading will begin (ifapplicable)	N/A
29	Date rights trading will end (if applicable)	N/A
30	How do *security holders sell theirentitlements in full through a broker?	N/A
31	How do "security holders sell part of theirentitlements through a broker and acceptfor the balance?	N/A

+ See chapter 19 for defined terms.

How do *security holders dispose of their 32 entitlements (except by sale through a broker)?

33 +Despatch date

$N/A$

Part 3 - Quotation of securities

You need only complete this section if you are applying for quotation of securities

34 Type of securities (tick one)

$(a)$ $\boldsymbol{\nabla}$

Securities described in Part 1

$(b)$

All other securities

Example: restricted securities at the end of the escrowed period, partly paid securities that become fully paid, employee incentive share securities when restriction ends, securities issued on expiry or conversion of convertible securities

+ See chapter 19 for defined terms.

Entities that have ticked box 34(a)

Additional securities forming a new class of securities

(If the additional securities do not form a new class, go to 43)Tick to indicate you are providing the information or documents

35	If the +securities are +equity securities, the names of the 20 largest holders of the additional+securities, and the number and percentage of additional +securities held by those holders.
-36	If the +securities are +equity securities, a distribution schedule of the additional +securitiessetting out the number of holders in the categories$1 - 1.000$$1,001 - 5,000$$5,001 - 10,000$$10,001 - 100,000$100,001 and over
-37	A copy of any trust deed for the additional *securities

(now go to $43$ )

Entities that have ticked box 34(b)

38.	Number of securities for which*quotation is sought
39	Class of *securities for which quotationis sought
40	Do the + securities rank equally in allrespects from the date of allotment withan existing + class of quoted +securities?If the additional securities do not rankequally, please state:the date from which they dothe extent to which they participatefor the next dividend, (in the case ofa trust, distribution) or interestpaymentthe extent to which they do not rankequally, other than in relation to thenext dividend, distribution or interestpayment

+ See chapter 19 for defined terms.

Reason for request for quotation now 41

Example: In the case of restricted securities, end of restriction period

(if issued upon conversion of another security, clearly identify that other security)

42 Number and +class of all +securities quoted on ASX (including the securities in clause 38)

Number	+ Class

(now go to $43$ )

All entities

Fees

43

Payment method (tick one)
Cheque attached
Electronic payment madeNote: Payment may be made electronically if Appendix 3B is given to ASX electronically at the same time.
Periodic payment as agreed with the home branch has been arrangedNote: Arrangements can be made for employee incentive schemes that involve frequent issues of securities.

Quotation agreement

• $\mathbf{I}$ *Quotation of our additional *securities is in ASX's absolute discretion. ASX may quote the *securities on any conditions it decides.
• $\overline{2}$ We warrant the following to ASX.
  • The issue of the "securities to be quoted complies with the law and is not for an ٠ illegal purpose.
  • There is no reason why those "securities should not be granted "quotation.
  • An offer of the +securities for sale within 12 months after their issue will not require disclosure under section $707(3)$ or section $1012C(6)$ of the Corporations Act.

Note: An entity may need to obtain appropriate warranties from subscribers for the securities in order to be able to give this warranty

+ See chapter 19 for defined terms.

• Section 724 or section 1016E of the Corporations Act does not apply to any $\bullet$ applications received by us in relation to any +securities to be quoted and that no-one has any right to return any securities to be quoted under sections 737. 738 or 1016F of the Corporations Act at the time that we request that the securities be quoted.
• We warrant that if confirmation is required under section 1017F of the $\bullet$ Corporations Act in relation to the "securities to be quoted, it has been provided at the time that we request that the "securities be quoted.
• If we are a trust, we warrant that no person has the right to return the securities $\bullet$ to be quoted under section 1019B of the Corporations Act at the time that we request that the "securities be quoted.
• $\mathbf{R}$ We will indemnify ASX to the fullest extent permitted by law in respect of any claim. action or expense arising from or connected with any breach of the warranties in this agreement.
• We give ASX the information and documents required by this form. $\Delta$ If any information or document not available now, will give it to ASX before "quotation of the "securities begins. We acknowledge that ASX is relying on the information and documents. We warrant that they are (will be) true and complete.

Date: 22/12/04

Print name:

Sign here:

Peter J Lee

(Company Secretary)

In accordance with paragraph 5(e) of section 708A of the Corporations Act, the Company gives notice that it has issued 800,000 fully paid ordinary shares to investors without disclosure under Part 6D.2 of the Corporations Act. As at the date of this notice, the Company has complied with (i) the provisions of Chapter 2M as they apply to the Company; and (ii) Section 674 of the Corporations Act. The Company states that as at the date of this notice, there is no information that is excluded information within the meaning of sub-sections $708A(7)$ and (8) of the Corporations Act.

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+ See chapter 19 for defined terms.