REGIS RESOURCES LIMITED — Capital/Financing Update 2006

Jul 10, 2006

11 July 2006

Manager Announcements

4th Floor, 20 Bridge Street

Company Announcements Office

์ NSW ั 2000

Australian Stock Exchange Limited

Level 11, 461 Bourke Street Melbourne Victoria 3000 Australia

Telephone: +61 3 8602 6500 Facsimile: +61 3 8602 6560

Dear Sir

Sydney

New Intersection of 8m at 25.59g/t gold at Moolart Well

Key Points:

• A new intersection of 8m at 25.59 g/t Au at 32m downhole depth at Moolart Well; $\ddot{\bullet}$
• Intersection is located 200m west of the existing gold resource; $\bullet$
• Further drilling planned to define the extent of the new mineralisation. $\bullet$

A new gold intersection in hole MWAC 1380 from the current round of drilling at the Moolart Well gold project north of Laverton in Western Australia has returned 8m at 25.59 g/t gold from 32m downhole depth. The new mineralisation was discovered from drilling designed to investigate isolated intersections along the western edge of the existing Moolart Well resource (see attached plan).

The new intersection occurs in the deeply weathered saprolite zone, and may include some element of supergene enrichment. The orientation of the new mineralisation is not understood, and surrounding predominantly 50mx50m drillhole density is not sufficient to trace the extent of the zone. The Company is optimistic that this result could indicate the existing 1.0 million oz gold resource at Moolart Well has extensions to the west.

Hole No	Northing	Easting	From	Τom	Intersectionm	Gradea/t gold
MWAC 1380	6944350	435300	32	40		25.59

Intercepts calculated using a 0.5o/t lower cut, no upper cut, maximum 2m internal dilution

All holes drilled at -60° dip, intersections are downhole width, based on 1m fire assays with repeats

Yours sincerely

David Walker Managing Director

For further information contact:

Mr David Walker Managing Director Reals Resources NL 03 8602 6500

Dr Michael Folie Chairman Regis Resources NL 03 8602 6500

The technical information contained in this report has been reviewed by Mr. David Walker who is a member of the Australasian Institute of Mining and Metallurgy and has more than 20 years experience in the exploration industry.