REGIS RESOURCES LIMITED — Capital/Financing Update 2021

May 9, 2021

10 May 2021

Manager Announcements Company Announcements Office Australian Securities Exchange Limited Level 4, 20 Bridge Street Sydney NSW 2000

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Not for release to US wire services or distribution in the United States

COMPLETION OF RETAIL COMPONENT OF ENTITLEMENT OFFER

Regis Resources Limited (ABN 28 009 174 761) (ASX Code: RRL) ( Regis or the Company ) announces the completion of the retail component of its 1 for 3.08 fully underwritten[1] accelerated non-renounceable pro-rata entitlement offer ( Entitlement Offer ) of fully paid ordinary shares in the Company ( New Shares ) at A$2.70 per New Share ( Offer Price ).

The retail component of the Entitlement Offer ( Retail Entitlement Offer ) closed at 5:00pm (AEST) on 5 May 2021, representing the successful completion of Regis’ approximately A$650 million equity raising to partially fund the acquisition of a 30% interest in the Tropicana Gold Project ( Acquisition ). Details of the equity raising and the Acquisition were announced to ASX on 13 April 2021.

Regis received valid applications from eligible retail shareholders under the Retail Entitlement Offer (including additional New Shares applied for in excess of entitlements under the oversubscription facility) for approximately A$30 million in New Shares, representing a total take-up rate of approximately 20%.

Approximately 46 million shortfall of shares under the Retail Entitlement Offer will be allotted to the underwriter and sub-underwriters of the Retail Entitlement Offer.

Approximately 57 million New Shares will be issued under the Retail Entitlement Offer on 12 May 2021 and are expected to commence trading on ASX on 13 May 2021. The New Shares will rank equally with existing shares on issue. Holding statements for New Shares issued under the Retail Entitlement Offer will be dispatched on 14 May 2021.

This announcement is authorised for release by the Regis Board of Directors.

INVESTOR AND MEDIA ENQUIRIES

Investor Relations Enquiries: Media Enquiries: Jim Beyer David Tasker Regis Resources Limited Chapter One Advisors +61 8 9442 2200 +61 433 112 936

NOT FOR RELEASE OR DISTRIBUTION IN THE UNITED STATES

This announcement has been prepared for publication in Australia and may not be released or distributed in the United States. This announcement does not constitute an offer to sell, or a solicitation of an offer to buy, securities in the United States or any other jurisdiction. Any securities described in the announcement have not been, and will not be, registered under the US Securities Act of 1933 or the securities laws of any state or other jurisdiction of the United States except in transactions exempt from, or not subject to, registration under the US Securities Act of 1933 and applicable US state securities laws.

1 Refer to Note 2 on slide 2 of Regis’ investor presentation released to ASX on 13 April 2021.

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