REGIS RESOURCES LIMITED — Capital/Financing Update 2005

May 25, 2005

Level 8, 580 St Kilda Road, Melbourne Victoria 3004, Australia

PO Box 6315, St Kilda Road Central Melbourne, Victoria 8008, Australia

Telephone: +61 3 8532 2830 Facsimile: +61 3 8532 2805 Email: regis@axisc.com.au

26 May 2005

Manager Announcements Company Announcements Office Australian Stock Exchange Limited 4th Floor, 20 Bridge Street Sydney NSW 2000

Dear Sir

Regis takes management control of Duketon Joint Ventures from Newmont

Further to the announcement on 9 March 2005 of the transaction with Newmont Australia Ltd ("Newmont"), Regis Resources NL has notified Newmont of its intention to assume management of the Duketon joint ventures effective 1 June 2005, in accordance with the terms of the Memorandum of Understanding (MOU).

Under these transitional provisions Regis will immediately assume all management functions of the Rosemont-Duketon and Duketon Region Joint Ventures as agent for Newmont Duketon Pty Ltd, and will formally move to manager on completion of the transaction.

Background

As announced in the MOU, Regis will acquire a 49% interest in Newmont's subsidiary and the Company's joint venture partner, Newmont Duketon Pty Ltd, which will give Regis a further 39% indirect interest in the Duketon Joint Ventures. When included with Regis' existing direct 20% interests, this will increase Regis' total interest in the Duketon Joint Ventures to an effective interest of approximately 59%.

Consideration for the transaction will be the issue of 266 million new shares in Regis to Newmont. Newmont will become Regis' major shareholder with approximately 47% of the issued capital of Regis after the completion of the transaction.

Completion

The MOU is an exclusive arrangement between Newmont and Regis and binding on the parties in limited respects, including an obligation to negotiate a formal agreement in good faith, reflecting the key terms of the MOU. In addition, completion of the transaction will be subject to several conditions precedent including approval of both the Regis and Newmont Mining Corporation boards (which have been completed) and Regis shareholder approval. Completion is expected in the September 2005 quarter. Regis has appointed Benson Partners Corporate Advisory Pty Ltd and AMC Corporate Pty Ltd to prepare the necessary expert's report for shareholders.

Yours sincerely

David Walker Managing Director

For further information contact:

Mr. David Walker Managing Director Regis Resources NL 03 8532 2830

Mr. Peter Lee Company Secretary Regis Resources NL 03 8532 2830