REGIS RESOURCES LIMITED — Director's Dealing 2007

May 6, 2007

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	William Cowan
Date of last notice	11 April 2007

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	Indirect
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to therelevant interest.	Familypurchasedby.SharesCowanSuperannuation Fund
Date of change	4 May 2007
No. of securities held prior to change	Nil
Class
Number acquired	150,000 Ordinary Shares
Number disposed	Nil
Value/ConsiderationNote: If consideration is non-cash, provide details andestimated valuation	$15,750
No. of securities held after change	150,000 Ordinary Shares

+ 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
Interest disposed	۰
Value/ConsiderationNote: If consideration is non-cash, provide details and anestimated valuation	$\blacksquare$
Interest after change	٠

+ See chapter 19 for defined terms.