REGIS RESOURCES LIMITED — Capital/Financing Update 2007

Jun 27, 2007

28 June 2007

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

Level 11, 461 Bourke Street Melbourne Victoria 3000 Australia

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

Dear Sir

153m sulphide intersection at Collurabbie nickel project

Kev Points:

• Diamond hole CRDD007 has intersected a total of 153m of sulphides at the 100% owned Mocha nickel prospect, in the Collurabbie area of WA:
• The intersection includes four zones of massive sulphides totalling $\bullet$ 17.6m within matrix and disseminated sulphides;
• Geophysical modelling suggests the host body has a strike of 180m; $\bullet$
• Core from the hole is being prepared for analysis.

Regis Resources NL (ASX:RRL) is pleased to report that exploration diamond drilling at its 100%-owned Mocha nickel prospect in the Collurabbie Region has returned significant visual results from hole CRDD007, the first hole drilled in this prospect area.

The hole was drilled as part of a first-pass regional drilling program targeting geochemical and geophysical anomalies within the Archean volcanic terrane at Collurabbie region of Western Australia. This region hosts the massive nickel-copper sulphide mineralisation at Olympia, 30km to the north but along strike to this area.

CRDD007 Drilling results

The sulphide zone consists of massive pyrrhotite and pyrite with other as yet unidentified sulphide species in a pyroxenite-diorite host. Sulphides were first observed in core at 137 meters downhole, in fresh rock below the base of weathering. The entire interval from 137m to 290m downhole is sulphide-bearing, below which the hole passes into a diorite.

Four massive sulphide zones totalling 17.6m occur between 137m to 170m downhole, the largest zone of which is 8.95m thick. Fig 1 illustrates the upper massive sulphide lens at 151m downhole.

The massive sulphide zones are variously surrounded by matrix and disseminated sulphide zones. Fig 2 shows interstitial sulphides surrounding pyroxene crystals (now tremolitechlorite) interpreted as a cumulate rock, from 193m and below the lowest massive sulphide zone.

ASX Announcement 28 June 2007

Fig 1. Upper massive sulphide-magnetite zone, core 151m.

Fig 2. Cumulate pyroxene (now tremolite-chlorite) with interstitial sulphides, core 193m.

Geophysical modelling of the host body to the mineralisation indicates a body 180m in length, 45m thick and a modelled depth extent of at least 200m. It is not clear at this stage to what extent this geophysical model represents the extent of the sulphide zones.

Core samples are currently being prepared for assay, and will be transported to the laboratory shortly. Assay results are expected within the next 4 weeks.

Collurabbie Tenement Holdings

Regis holds the majority of the Archaean Collurabbie Block under licence and Regis' equity interest in the tenements is shown in Fig 3 below. Regis holds the majority of the properties directly and through its 100%-owned subsidiary Duketon Resources Pty Ltd, the remainder is held in joint venture with third parties. Regis is manager of properties.

Fig 3. Regis tenement holdings and nickel prospects, Collurabbie Block.

Yours sincerely

David Walker Managing Director

For further information contact:

Mr David Walker Managing Director Regis 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.