REGIS RESOURCES LIMITED — Director's Dealing 2005

May 9, 2005

Appendix 3Y

Rule 3.19A.2

Change of 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	Regis Resources N.L.
Iabn	28 009 174 761

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	D A Walker
Date of last notice	26 August 2004

Part 1 - Change of director's relevant interests in securities

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

Direct or indirect interest	Direct
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to therelevant interest.	Dalkeith Resources Pty Ltd as agent for DavidA Walker
Date of change	6 May 2005
No. of securities held prior to change	7,500,000 ordinary shares15,000,000 options expiring 31 January 201411,250,000 options expiring 31 October 20127,500,000 options expiring 30 April 2012
Class	Ordinary
Number acquired	47,500 on 4 May 200516,000 on 5 May 200520,000 on 6 May 2005
Number disposed
Value/ConsiderationNote: If consideration is non-cash, provide details andestimated valuation	$7,805.50
No. of securities held after change	7,583,500 ordinary shares15,000,000 options expiring 31 January 201411,250,000 options expiring 31 October 20127,500,000 options expiring 30 April 2012

+ See chapter 19 for defined terms.

Nature of changeExample: on-market trade, off-market trade, exercise ofoptions, issue of securities under dividend reinvestment plan,participation in buy-back	On market trade

Part 2 - Change of director's interests in contracts

Detail of contract
Nature of interest	٠
Name of registered holder(if issued securities)
Date of change	$\overline{\phantom{0}}$
No. and class of securities to which interestrelated prior to changeNote: Details are only required for a contract in relation towhich the interest has changed	$\blacksquare$
Interest acquired	$\blacksquare$
Interest disposed	$\blacksquare$
Value/ConsiderationNote: If consideration is non-cash, provide details and anestimated valuation
Interest after change	۰

$+$ See chapter 19 for defined terms.