REGIS RESOURCES LIMITED — Director's Dealing 2003

May 12, 2003

Appendix 3X

Rule 3.19A.1

Initial Director's Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public.

Introduced 30/9/2001.

Name of entity	Johnson's Well Mining N.L.
IABN	28 009 174 761

We (the entity) give ASX the following information under listing rule 3.19A.1 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	Mordechai Zev Gutnick
Date of appointment	9 May 2003

Part 1 - Director's relevant interests in securities of which the director is the registered holder In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Ordinary - 137,651 Options expiring 15 June 2003 - 1.533

Number & class of securities

Part 2 - Director's relevant interests in securities of which the director is not the registered holder

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Name of holder & nature of interestNote: Provide details of the circumstances givingrise to the relevant interest.	Number & class of Securities
NIL

+ See chapter 19 for defined terms.

Part 3 - Director's interests in contracts

Detail of contract	NIL
Nature of interest
Name of registered holder(if issued securities)
No. and class of securities to whichinterest relates

+ See chapter 19 for defined terms.