REGIS RESOURCES LIMITED — Capital/Financing Update 2021

Apr 12, 2021

Level 2, 516 Hay Street
Subiaco WA 6008

PO Box 862 SUBIACO WA 6904

Ph: 08 9442 2200

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

13 April 2021

By electronic lodgement

REGIS RESOURCES LIMITED

PRO RATA ACCELERATED NON-RENOUNCEABLE ENTITLEMENT OFFER NOTICE UNDER SECTION 708AA(2)(f) OF THE CORPORATIONS ACT 2001 (CTH)

This notice is given by Regis Resource Limited (ABN 28 009 174 761) (ASX Code: RRL) ("Regis") under section 708AA(2)(f) of the Corporations Act 2001 (Cth) ("Act") as modified by ASIC Corporations (Non-Traditional Rights Issues) Instrument 2016/84 and ASIC Corporations (Disregarding Technical Relief) Instrument 2016/73 ("Legislative Instruments").

Where applicable, references in this notice to sections of the Act are to those sections as modified by the Legislative Instruments.

Regis has announced a pro-rata accelerated non-renounceable entitlement offer ("Entitlement Offer") of 1 fully paid ordinary share in Regis ("Shares") for every 3.08 Shares held as at 7.00pm (Sydney time) on Thursday, 15 April 2021 by shareholders with a registered address in Australia, New Zealand and certain other jurisdictions in which Regis decides to extend the Entitlement Offer.

A Retail Offer Booklet for the Entitlement Offer is expected to be dispatched to eligible retail shareholders on Tuesday, 20 April 2021.

For purposes of section 708AA(7) of the Act, Regis confirms that:

• the Shares to be issued under the Entitlement Offer ("New Shares") will be offered without $(a)$ disclosure under Part 6D.2 of the Act:
• $(b)$ this notice is being given under section 708AA(2)(f) of the Act, as modified by the Legislative Instruments:
• as at the date of this notice. Regis has complied with: $(c)$
• $(i)$ the provisions of Chapter 2M of the Act as they apply to Regis; and
• $(ii)$ section 674 of the Act;
• as at the date of this notice, there is no excluded information of the type referred to in sections $(d)$ 708AA(8) and 708AA(9) of the Act that is required to be set out in this notice under section 708AA(7) of the Act; and
• the potential effect that the issue of the New Shares will have on the control of Regis, and the $(e)$ consequences of that effect, will depend on a number of factors, including investor demand and existing shareholders. Nevertheless, given:
• $(i)$ the size and pricing of the Entitlement Offer:
• $(ii)$ that the Entitlement Offer is structured as a pro-rata issue; and

that the current level of holdings of substantial holders in Regis (based on substantial holding notices that have been given to Regis and lodged with ASX on or prior to the date $(iii)$ of this notice),

the issue of the New Shares under the Entitlement Offer is not expected to have a material effect or consequence on the control of Regis.

Yours sincerely

Elena Macrides Company Secretary Regis Resources Ltd

This announcement has been authorised for release to ASX by the Board of Regis.