REGIS RESOURCES LIMITED — Interim / Quarterly Report 2006

Apr 23, 2006

REPORT FOR THE QUARTER ENDED 31 MARCH 2006

HIGHLIGHTS

MOOLART WELL GOLD PROJECT DEVELOPMENT

• Moolart Well resource upgrade
  • Resource increased 120% to 1.0 million ounces $\bullet$
  • Resource calculated to only 70 metres vertical depth $\bullet$
• Preliminary Pit Optimisation study completed
  • Up to 69% of resource captured by pit shells $\bullet$
  • Economically open at depth $\bullet$
  • Further infill drilling in north will add to in-pit resource $\bullet$
• Metallurgical results
  • Original +95% gold recoveries confirmed $\bullet$
  • High laterite gold recoveries at coarse grid size identified $\bullet$

EXPLORATION

• Infill and extension drilling commenced at Moolart Well;
• Gold exploration focus on Moolart Corridor:
• Nickel exploration TEM compilation continues.

CORPORATE

• A$11m of new equity capital raised:
• Newmont transaction completed on 3 February 2006, Regis moves to 59.2% direct and indirect equity in Duketon joint ventures.

Staff

Jens Balkau joins Regis as General Manager - Exploration based in $\bullet$ Perth

INTRODUCTION

Regis Resources NL ("Regis") is an Australian minerals explorer with extensive landholdings in the Eastern Goldfields of Western Australia. The most significant of these are the Duketon Joint Ventures with Newmont Duketon Pty Ltd (Newmont Duketon 80%. Regis 20% and manager) north of Laverton. Through Regis' 49% holding in Newmont Duketon Regis holds a direct and indirect equity in the joint ventures of 59.2% and is the manager.

In the Lenora-Laverton area Regis is also earning up to an 85% interest and manages exploration on the Copper Well Joint Venture with Mr Mark Creasy, and earning up to 70% equity and manages exploration in the Melita Joint Venture with Great Gold Mines NL

REVIEW OF OPERATIONS

During the quarter ended 31 March 2006 the majority of the Company's activities were focussed on the detailed technical evaluation of the Moolart Well gold deposit. Field activities were restricted by seasonal wet weather, but drilling recommenced on 17th April 2006.

Duketon Gold Project Development

Moolart Well Resource Upgrade

During the quarter Golder Associates Pty Ltd ("Golder") reported an upgrade of the Moolart Well gold project, following completion of drilling and receipt of all gold assay results in December 2005. The resource was increased by 120% to 1,008,000 contained ounces of gold (all categories) from the previous 458,000 ounces (all categories). The resource is summarised below.

			Table 1: Moolart Well in situ Resource Statement.

Zone	Class	Cut-offg/t	Tonnesmillions	Gradeg/t	Gold000 oz
Laterite	Indicated	0.5	8.510	1.50	409
Laterite	Inferred	0.5	0.466	1.27	19
Saprolite	Inferred	0.8	8.706	2.07	580
Total			17.682	1.77	1,008

The methodology of the resource calculation is summarised as follows:

• Resource calculated using Ordinary Kriging: $\bullet$
• Constant in situ density of 2.2 $tm^3$ assigned to all domains; $\bullet$
• High grade values have been restricted using a small search neighbourhood of $\bullet$ 15x15x4 metres:
• Mineralisation in fresh rock below the base of saprolite has been excluded due $\bullet$ to insufficient drilling.

Moolart Well Geology and Drilling Program

Interpretation of the geology and mineralisation of the Moolart Well deposit has continued during the quarter, aided by a new interpretation of the stratigraphy, structure and geophysical response of the Archaean host sequence. Mineralisation in

the laterite zone, the deeper saprolite zone and into fresh rock is being modelled in light of the new geological interpretation. This interpretation will allow construction of a geologically-constrained resource model, rather than the unconstrained block model used in the recent resource estimation.

A 197 hole program (15,000m) of infill and extension aircore (AC) drilling has commenced at Moolart Well in April. The holes will be drilled to the base of weathering and are designed to close off and infill the laterite resource to a 50m x 50m grid, which will fully define the laterite resource allow all be classified in the indicated category. In addition the program will also infill the saprolite zone resource beneath the laterite zone but above the base of weathering. This should allow the saprolite resource to be significantly extended, especially in the north where only broad spaced drilling exists in some areas. Further programs of reverse circulation and diamond drilling are planned to trace the high-grade mineralised zones below the base of weathering at 70 metres vertical depth into fresh rock.

Pit Optimisation Studies

Regis has received the results of a preliminary mining optimisation study conducted on the Moolart Well deposit by Golder, following completion of the resource update referred to above. A series of optimised pit shells were generated to determine:

• What proportion and which sections of the resource would be captured at current economic conditions:
• Which mineralised areas were not captured and could be upgraded by further infill drilling; and
• Where the pit shells extended to the current base of drilling and were likely to $\bullet$ extend further with deeper drilling.

Pit shells were generated at gold prices of A$600/oz and A$750/oz, and at mill throughputs of 1.5 million tons per annum (mtpa), 2.5 mtpa and 3.5 mtpa. Model operating costs for these scenarios were estimated from current Western Australian goldfields operations, and reflect 2006 cost levels. Models were developed for laterite and saprolite mineralisation (cases 1-3) and for laterite mineralisation only (case 4). Optimisation results are summarised below.

goldRun		thruIn-pit resource				strip	mine	prod
No.	priceASIOZ	putmtpa	oremt	gradecM	goldOZS	ratio88	lifevrsi	rateoz pa
1	600	1.5	6.1	2.20	434	3.4	4.1	106
1a	750	1.5	9.1	1.95	570	3.7	6.1	94
2	600	2.5	8.8	1.91	541	3.3	3.5	154
2a	750	2.5	11.1	1.79	637	3.7	4.4	144
3	600	3.5	10.4	1.78	594	3.3	3.0	201
3a	750	3.5	13.1	1.65	694	3.6	3.7	186
4	600	1.5	4.4	1.91	271	2.2	2.9	63
4a	750	1.5	6.2	1.71	342	2.4	4.1	82
$4a-7$	750	1.5	0.58	2.98	56	1.4	0.4	56

Table 2: Pit Optimisation - Summary Results

Runs 1-3 laterite+saprolite ore, Run 4 laterite ore only

The optimisation results indicate that the existing resource is capable of sustaining an economic operation with a mine life of 3-6 years at gold prices significantly below the current A$ spot price. The optimum pit shells have generally included most of the saprolite mineralisation down to the base of drilling at approximately 70 metres vertical depth in the southern areas of Lancaster. Stirling and Halifax where drilling density is high. Conversely, much of the deeper saprolite resource in the northern area has not been captured by the pit shells at this stage.

Furthermore, although the mine designs do not yet have detailed mining designs (ramps etc) financially optimum shell designs indicate annual gold production rates of approximately 100,000 oz per annum at the 1.5 million tpa throughput rate, rising to 200,000 oz pa at the higher throughput of 3.5 mtpa. Pit strip ratios in all cases are low at less than 4:1. Based on the laterite resource alone, a mine life of between 3-4 years is indicated at a throughput of 1.5 mtpa (case 4), although this falls to 2-3 years at the higher throughput rate of 3.5 mtpa (not shown). Case 4a-7 highlights the existence of 580,000 tonnes of near 3g/t ore in the laterite zone only.

A summary of the financial results for the optimisations are listed below.

Run	goldрпсеASIOZ.	thru	in-pit resource		resource	cash	cash
N6.		putmijoa	oremı.	goldOZSI	recovery₩.	costsASoz	surplusASm
1	600	1.5	6.1	434	43%	390	81
1a	750	1.5	9.1	570	57%	453	152
$\overline{2}$	600	2.5	8.8	541	54%	362	115
2a	750	2.5	11.1	637	63%	406	199
3	600	3.5	10.4	594	59%	344	135
3a	750	3.5	13.1	694	69%	389	227
4	600	1.5	4.4	271	63%	390	51
4a	750	1.5	6.2	342	80%	445	94
$4a-7$	750	1.5	0.58	56	13%	226	41

Runs 1-3 laterite+saprolite ore, Run 4 laterite ore only; cash surplus undiscounted

The financial summary of the optimised pit shells indicate that the best financial values are achieved from the largest mill throughout, arising from the lower cash operating costs and largest resource recovery. Recovery of the resource varies from 43% at the lowest throughput to 69% in case 3a at 3.5 mtpa, which captures 94% of the laterite and 59% of the saprolite resource. Cash costs range from $344/oz to $453/oz in the combined options, but these are likely to improve significantly as further resource areas are included.

Regis believes the current infill drilling program and the conversion of the current unconstrained block resource to a geologically constrained resource will result in both an increase in tonnes and grade in the resource model, and a further increase in the in-pit shell resource tonnes and grade, especially in the northern section. Regis anticipates this further upgrade will be undertaken at the completion of the current drilling program towards the end of the current quarter.

Fig 1. Moolart Well Deposit - Optimised Pit Shells at Surface

Metallurgy

Regis has previously reported preliminary metallurgical results from composite sample of both laterite and saprolite mineralised rock conducted by Ammtec Ltd in Perth. The analyses reported excellent gold recoveries. low cyanide consumption and typical lime consumption for these ore types. These are reproduced in Table 1 below.

Table 5: Preliminary CIL Test Results

K	lead grade	goldrecovery	CNTIGET	Lime used	leach time
aterite		95.75%	.89
Saprolite	.35	95.54%	I.80

All samples ground to P80=75um

Regis has now received further results of grind size-leach kinetics and recovery tests from Ammtec performed on the same composited samples from Moolart Well. These results show that the laterite ore is relatively insensitive to grind size and that gold recoveries as high as 97% can be obtained from 48 hour leaching. The saprolite ore however is more sensitive to grind size, and gold recoveries increase with grinding to smaller sizes. The 95% recoveries obtained from the preliminary testwork were reproduced in the 75um run. Cvanide and lime consumption are low and in-line with previous results.

	head g/t		Gold extraction	CN used	⊡imeusedkg/t
Sample	ਂ Au ਸ	24 hours $\parallel$8 hours		48 hours
LZ1 Laterite
$P80 - 75 \mu m$	2.71	95.81%	95.81%	96.90%	0.68	3.75
P80 - 106um	2.80	91.82%	96.14%	97.18%	0.80	3.84
P80 - 150um	2.97	92.43%	96.00%	96.49%	0.90	2.94
$P80 - 212 \mu m$	2.90	92.60%	95.20%	96.21%	0.85	3.04
LZ2 Saprolite
$P80 - 75 \mu m$	1.42	93.91%	95.98%	95.98%	0.77	0.98
P80 - 106um	1.70	85.35%	90.50%	93.84%	0.73	0.72
P80 - 150um	1.40	89.10%	92.24%	94.27%	0.81	0.58
P80 - 212um	1.62	68.86%	80.58%	82.33%	0.75	0.65

Table 6: Leach Kinetics Test Results

No gravity separation on any sample

There is significant evidence of the existence of a gravity gold component in the Moolart Well gold ores, and on this basis further gold particle sizing work on the current samples is being undertaken. The results to date may indicate that the combination of a gravity circuit with coarse grinding could result in high gold

recoveries from both laterite and saprolite ore types. Further testwork on the existing composites including pulp viscosity measurements is underway.

In addition to the above CIL-based testwork, a program of column leach testing and other bulk sample crushing/leaching testwork is planned to assess the applicability of Moolart Well ore types for Heap- and Dump-leaching.

Site Logistics

Preliminary planning for the location of a new Duketon camp site, process and potable water supply, and ultimately a processing facility have commenced.

Gold Exploration Activities

Moolart Well Corridor

A 16 km zone of gold mineralisation has been identified extending north-west from the Moolart Well deposit, hosted in a similar lithological sequence and within the Moolart structural setting. Termed the Moolart Corridor, the zone is defined by previous geochemical sampling and sporadic deeper drilling, but has not been systematically explored. The zone contains areas of more significant gold mineralisation at Clavpan Dam and at Double Dee, as well as mapped quartz diorite bodies. During the quarter exploration activities consisted of data compilation and location, with minor reinterpretation of previous exploration results. Proposed exploration will include soil sampling, infill AC and RC drilling.

Duketon Regional

No work undertaken.

Nickel Exploration Activities

Collurabbie Region

The Collurabbie Project area comprises three principal ultramafic zones (western ultramafic zone, central ultramafic zone and eastern ultramafic zone) and two prominent, dominantly mafic sills (Gidgee Sill and Acacia Sill). The ultramafic hosted Olympia Cu-Ni-PGE sulphide mineralisation, discovered by WMC Resources Ltd (now BHP Billiton Ltd) 5km to the north of the Regis' Collurabbie project area, is interpreted to lie within the sequence defined by Regis as the western ultramafic zone.

During the quarter exploration activities consisted of compilation of the completed 195 line km TEM survey over the western ultramafic zone, integration of the TEM data with the exploration database, and imaging of the TEM data. Further TEM surveying is planned in the current quarter to extend the survey to the south over areas of anomalous nickel-copper soil geochemistry. Further TEM surveying is also planned over selected areas of the central and eastern ultramafic zones during the current quarter.

Copper Well Joint Venture (Regis earning 85% and manager)

The Copper Well Project is a joint venture between Regis, Mark Creasy and other parties with each party holding a 50% interest, as well as Regis holding a variety of equity up to 100% in a number of other tenements. Regis can increase its interest in the Creasy tenements to 85%. No field work was undertaken during the quarter.

Melita Joint Venture (Regis earning 70% and manager)

The Melita Project is a joint venture between Regis and Great Gold Mines NL whereby Regis is earning a 70% equity in the licence areas. No field work was undertaken during the quarter.

CORPORATE

Newmont Transaction

On 3 February 2006 the restructure of the joint ventures between the Company and Newmont Australia Ltd was completed. Regis originally announced on 9 March 2005 that it had entered into a memorandum of understanding ("MOU") with Newmont to increase the Company's direct and indirect interests in the Rosemont Duketon and Duketon Region Joint Ventures (the "Duketon Joint Ventures") to 59.2% from 20%. On 14 December 2005 the final terms of the transaction were settled, and financial completion was achieved on 3 February 2006.

As part of that transaction Regis reimbursed Newmont $3.8 million of exploration expenditure since 1 January 2005, which qualifies as part of Regis' $10 million sole funding obligation under the restructuring agreement. Regis has spent approximately $5.8 million under this obligation as at 31 March 2006.

On completion of the sole funding phase Regis has a call option to purchase a further 26% of Newmont Duketon Pty Ltd, taking its equity in Newmont Duketon Pty Ltd to 75% and its direct and indirect equity in the Duketon Joint Ventures to 80%.

Capital Raising

On 11 January 2006 the Company announced it had agreed with Rubicon Fund Management LLP, a client of BBY Limited and Jefferies Stockbrokers, to place 110 million new shares at $0.10 per share raising $11 million before fees. 48.8 million shares were issued on 16 January 2006 under the Company's existing placement capacity and the balance of the shares was issued following receipt of shareholder approval on 31 January 2006.

Staff

Regis are pleased to announce that Mr Jens Balkau has joined the group as General Manager - Exploration, based in Regis Perth office. Jens brings extensive experience to the Company in gold and base metal exploration both in Australia and overseas.

Resource Statement

		m	grade	gold	cut-off
	type	tonnes	g/t	koz.	g/t	category	source
Moolart Well	laterite	9.0	1.48	428	0.5	ind+inf	Golder
	saprolite	8.7	2.07	580	0.8	inferred	Golder
İMoolart Well sub-total		17.7	1.77	1,008
Rosemont		14.7	1.72	815	0.5	ind+inf	GMS
Satellite Deposits
Dogbolter	ox+sulph	0.9	2.91	87	1.0	inferred	RSG
King John	ox+sulph	0.7	3.19	72	1.0	inferred	RSG
Baneygo	ox+sulph	0.8	1.67	43	0.5	inferred	RSG
Erlistoun	ox+sulph	1.4	4.34	193	1.0	inferred	RSG
lRussells Find	ox+sulph	0.5	3.86	56	1.0	inferred	RSG
lReichelts Find	ox+sulph	0.1	3.69	17	1.0	indicated	RSG
Satellites Sub-Total		44	3.32	468
TOTAL RESOURCES		36.8	1.94	2,291
RRL equity	59.2%			1.356

Source: Golder = Golder Associates 2006: RSG=RSG Global 2002: GMS = Global Mining Services 2001

The technical information in this report has been reviewed and approved by Mr D Walker who is a member of the Australasian Institute of Mining and Metallurgy and has more than 20 years experience in the industry.

The information in the statement of Mineral Resources for Moolart Well is based on information compiled by Dr Sia Khosrowshahi of Golder Associates Pty Ltd and Nick Crase who are both a Member of Australasian Institute of Mining and Metallurgy and have sufficient relevant experience to qualify as Competent Persons as defined in the JORC Code (2004). Dr Sia Khosrowshahi and Nick Crase consent to the inclusion of this information in the form and context in which it appears.

Attached is a copy of the Company's Mining Exploration Entity Quarterly report in accordance with Listing Rule 5.3.

DA WALKER Managing Director 21 April 2006

Appendix 5B

$Rule 5.3$

Mining exploration entity quarterly report

Introduced 1/7/96. Origin: Appendix 8. Amended 1/7/97, 1/7/98, 30/9/2001.

Name of entity

REGIS RESOURCES N.L.

ABN

28 009 174 761

Quarter ended ("current quarter")

31 March 2006

Consolidated statement of cash flows

Cash flows related to operating activities			Current quarter$A'000	YTD(9 Months)
				$A'000
1.1	Receipts from product sales and related debtors
1.2	Payments for(a) exploration and evaluation(b) development		(347)	(868)
		(c) production
		(d) administration	(300)	(933)
1.3	Dividends received
1.4	Interest and other items of a similar nature received		30	60
1.5	Interest and other costs of finance paid
1.6	Income taxes paid
1.7	Other (provide details if material)		(23)	(14)
	Net Operating Cash Flows		(640)	(1,755)
1.8	Cash flows related to investing activities
	Payment for purchases of:	(a) prospects(b) equity investments
		(c) other fixed assets	(54)	(165)
1.9	Proceeds from sale of:	(a) prospects
		(b) equity investments		3
		(c) other fixed assets
1.10	Loans to other entities
1.11	Loans repaid by other entities
1.12	Other (provide details if material) See attached		(4,796)	(5, 225)
	Net investing cash flows		(4, 850)	(5, 387)
1.13	forward)	Total Operating and investing cash flows (carried	(5,490)	(7, 142)

+ See chapter 19 for defined terms.

Appendix 5B Mining exploration entity quarterly report

1.13	Total operating and investing cash flows (broughtforward)	(5,490)	(7, 142)
1.141.15	Cash flows related to financing activitiesProceeds from issues of shares, options, etc. (NET)Proceeds from sale of forfeited shares	10,316	10.316
1.161.171.181.19	Proceeds from borrowingsRepayment of borrowingsDividends paidOther (provide details if material)
	Net financing cash flows	10,316	10,316
	Net increase (decrease) in cash held	4,826	3,174
1.201.21	Cash at beginning of quarter/year to dateExchange rate adjustments to item 1.20	439	2,091
1.22	Cash at end of quarter	5,265	5,265

Payments to directors of the entity and associates of the directors Payments to related entities of the entity and associates of the related entities

Current quarter$A'000
118

• 1.23 Aggregate amount of payments to the parties included in item 1.2
• 1.24 Aggregate amount of loans to the parties included in item 1.10
• 1.25

Explanation necessary for an understanding of the transactions

Non-cash financing and investing activities

$2.1$ Details of financing and investing transactions which have had a material effect on consolidated assets and liabilities but did not involve cash flows

On 3 February 2006 the Company acquired a 49% interest in the shares of its joint venture partner. Newmont Duketon Pty Ltd together with a call option giving the Company the right to acquire a further 26% interest in Newmont Duketon Pty Ltd that is exercisable on the completion of an expenditure commitment of $10 million on the Duketon Region and Rosemont Duketon Joint Venture properties by the Company. Part of the consideration for this transaction was the issue of 256,532,027 fully paid ordinary shares in the Company - see additional information Item 7.4

$2.2$ Details of outlays made by other entities to establish or increase their share in projects in which the reporting entity has an interest

+ See chapter 19 for defined terms.

Financing facilities available

Add notes as necessary for an understanding of the position.

		Amount available$A'000	Amount used$A'000
3.1	Loan facilities	$\mathbf{r}$
3.2	Credit standby arrangements	$\overline{\phantom{a}}$

Estimated cash outflows for next quarter

	Total	1,500
4.2	Development	$\mathbf{r}$
4.1	Exploration and evaluation	1,500
		$A'000

Reconciliation of cash

	Reconciliation of cash at the end of the quarter (as shown inthe consolidated statement of cash flows) to the related itemsin the accounts is as follows.	Current quarterSA'000	Previous quarterSA'000
5.1	Cash on hand and at bank	5,253	427
5.2	Deposits at call	12	12
5.3	Bank overdraft
5.4	Other (provide details) Term deposits held assecurity for rental guarantees (reclassified as cashoutflows relating to investing activities in currentquarter)
	Total: cash at end of quarter (item 1.22)	5,265	439

Changes in interests in mining tenements

		Tenementreference	Nature of interest(note(2))	Interest atbeginning ofquarter	Interest atend ofquarter
6.1	Interests in miningtenements relinquished,reduced or lapsed		See attached
6.2	Interests in miningtenements acquired orincreased		See attached

+ See chapter 19 for defined terms.

Issued and quoted securities at end of current quarter Description includes rate of interest and any redemption or conversion rights together with prices and dates.

		Total number	Number quoted	Issue price persecurity (see note$3)$ (cents)	Amount paid up persecurity (see note 3)(cents)
7.1	Preference*securities(description)
7.2	Changes duringquarter(a) Increasesthrough issues(b) Decreasesthrough returns ofcapital, buy-backs,
	redemptions
7.3	+Ordinarysecurities	692,293,393	692,293,393
7.4	Changes duringquarter(a) Increasesthrough issues(b) Decreasesthrough returns ofcapital, buy-backs	366,532,027	366,532,027	See additionalinformationattached - Item 7.4	See additionalinformationattached - Item 7.4
7.5	*Convertible debtsecurities(description)
7.6	Changes duringquarter(a) Increasesthrough issues(b) Decreasesthrough securitiesmatured, converted.
7.7	Options(description andconversion factor)	96,718,93625,736,07938,970,23014,150,000	96,718,93625,736,07938,970,230	Exercise price$0.05$0.20$0.10$0.12	Expiry date31 January 201430 April, 201230 October, 201228 November 2010
7.8	Issued duringquarter	3,700,000		$0.12	28 November 2010
7.9	Exercised duringquarter			$\tilde{\phantom{a}}$
7.10	Expired duringquarter
7.11	Debentures(totals only)
7.12	Unsecured notes(totals only)

Compliance statement

• See chapter 19 for defined terms.

• $\mathbf{I}$ This statement has been prepared under accounting policies which comply with accounting standards as defined in the Corporations Law or other standards acceptable to ASX (see note 4).
• $\overline{2}$ This statement does give a true and fair view of the matters disclosed.

Sign here:

(Company Secretary)

Date: 24 April 2006

Print name: Peter J. Lee

Notes

• $\mathbf{I}$ The quarterly report provides a basis for informing the market how the entity's activities have been financed for the past quarter and the effect on its cash position. An entity wanting to disclose additional information is encouraged to do so, in a note or notes attached to this report.
• $\overline{2}$ The "Nature of interest" (items 6.1 and 6.2) includes options in respect of interests in mining tenements acquired, exercised or lapsed during the reporting period. If the entity is involved in a joint venture agreement and there are conditions precedent which will change its percentage interest in a mining tenement, it should disclose the change of percentage interest and conditions precedent in the list required for items 6.1 and 6.2.
• $\overline{3}$ Issued and quoted securities The issue price and amount paid up is not required in items 7.1 and 7.3 for fully paid securities.
• 4 The Appendix 5B has been prepared in accordance with Australian equivalents to international financial reporting standards.
• Accounting Standards ASX will accept, for example, the use of International 5 Accounting Standards for foreign entities. If the standards used do not address a topic, the Australian standard on that topic (if any) must be complied with.

MINING EXPLORATION ENTITY QUARTERLY REPORT

REGIS RESOURCES N.L. ABN 28 009 174 761 For Ouarter Ended 31.3.2006 (referred to in this Statement as the "Current Quarter")

ADDITIONAL INFORMATION

Item 1.12 Cash flows related to investing activities - Other

Payments to joint venture partners of $4,173,000 (YTD: $4,502,000) being the Company's share of exploration expenditure: $Nil (YTD: $60,000) being term deposits placed with banks as security for rental guarantees; $238,000 (YTD: $278,000) being transaction costs relating the acquisition of a 49% interest in Newmont Duketon Pty Ltd, and $385,000 (YTD: $385,000) being cash placed on deposit with Newmont to cover the Company's increased effective share of environmental guarantees.

Item 7.4 Ordinary Securities

During the quarter the Company issued 110,000,000 shares at a price of $0.10 per share raising capital of $11,000,000.

In addition, on 3 February 2006, 256,532,027 fully paid ordinary shares in the Company were issued as part of the consideration for the acquisition of a 49% interest in Newmont Duketon Pty Ltd.

Item 7.7 Options

Listed

$25,736,079$ options maturing April 30, 2012 at an exercise price of $0.20 per option. The options are exercisable any time after January 1, 2002. Each option will convert to one fully paid ordinary share.

38,970,230 options maturing October 30, 2012 at an exercise price of $0.10 per option. The options are exercisable any time after 1 July 2003. Each option will convert to one fully paid ordinary share.

96,718,936 options maturing January 31, 2014 at an exercise price of $0.05 per option. The options are exercisable any time. Each option will convert to one fully paid ordinary share.

Unlisted

70,000 options with a maturity date of 24 March 2010, issued under an employee share option plan in March 2000, with an exercise price of $5.68 per option were cancelled during the quarter following the consent of all the holders of these options.

14,150,000 options expiring 28 November, 2010, issued under the 2005 Employee Share Option Plan, with an exercise price of 12 cents per option. Upon exercise, each option will convert to one fully paid ordinary share. These options cannot be exercised until after 28 November 2007. For each participant 50% of the options are only exercisable if the share price increases to 15 cents and the balance are only exercisable if the share price increases to 18 cents.

• See chapter 19 for defined terms.

REGIS RESOURCES N.L.

ACN 009 174 761

CHANGES IN INTERESTS IN MINING TENEMENTS

6.1 Interests in miningtenements relinquished,reduced or lapsed

Tenementreference	Nature of Interest(note(4))	Interest atbeginningof quarter	Interestat end ofquarter
CAMEL HUMP
E 38/1146	Surrendered	100.00%	$0.00%$

REGIS RESOURCES N.L.

ACN 009 174 761

CHANGES IN INTERESTS IN MINING TENEMENTS

6.2 Interests in miningtenements aquired orincreased.

Tenementreference	Nature of Interest(note(4))	Interest atbeginningof quarter	Interestat end ofquarter
ANGUS
E 38/1566	Granted	$0.00%$	100.00%
ERLISTOUN
E 38/1370	Granted	$0.00%$	100.00%
E 38/1371	Granted	$0.00%$	100.00%
MT MAIDEN
E 38/1407	Granted	$0.00%$	100.00%
E 38/1408	Granted	$0.00%$	100.00%
REQUIRING ALLO
E 38/1595	Granted	$0.00%$	100.00%