REGIS RESOURCES LIMITED

Quarterly Report to 31 March 2015

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HIGHLIGHTS

GOLD PRODUCTION

Gold production of 65,949 ounces at a pre-royalty cash cost of $936 per ounce for the quarter. This is slightly above the guidance for the quarter of 65,000 ounces given in early March 2015.
This takes production for the nine months to 31 March 2015 to 234,832 ounces at a pre-royalty cash cost of $811 per ounce.
June 2015 quarter gold production is expected to be in the order of 75,000 ounces which will take full year production to around 310,000 oz (bottom of 2015 guidance range 305,000 oz).

MOOLART WELL OPERATIONS

Gold production of 20,057 ounces for the quarter (Dec 14 qtr: 25,344 oz).
Cash cost of production A$727 per ounce prior to royalties (Dec 14 qtr: A$615/oz).

GARDEN WELL OPERATIONS

Gold production of 23,900 ounces for the quarter (Dec 14 qtr: 27,237 oz).
Cash cost of production of A$1,130 per ounce prior to royalties (Dec 14 qtr: A$963/oz).

ROSEMONT GOLD PROJECT

Gold production of 21,992 ounces for the quarter (Dec 14 qtr: 27,484 oz).
Cash cost of production A$914 per ounce prior to royalties (Dec 14 qtr: A$755/oz).

EXPLORATION

Infill and extensional RC drilling at Dogbolter deposit continue to produce encouraging results including:

15 metres @ 2.96 g/t gold from 122 to 137m 12 metres @ 3.14 g/t gold from 112 to 124m 4 metres @ 12.80 g/t gold from 59 to 63m 5 metres @ 17.62 g/t gold from 136 to 141m 9 metres @ 3.13 g/t gold from 74 to 83m 2 metres @ 20.78 g/t gold from 82 to 84m

CORPORATE

Gold sales of 66,749 ounces at A$1,574 per ounce (Dec 14: 82,898 oz at A$1,425/oz).
Cash flow from operations for the quarter was $32.4 million (Dec 14: $43.5m).
Cash and gold bullion holding at 31 March 2015 was $45.8 million (Dec 14: $29.7m).
Restructure of debt facility removing restrictions around dividend payments.

Page 1

Quarterly Report to 31 March 2015

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MOOLART WELL OPERATIONS

Moolart Well Gold Mine operating results for the March 2015 quarter were as follows:

	Mar 2015	Dec 2014	Sep 2014
Ore mined (tonnes)	746,133	695,443	757,004
Oremilled (tonnes)	716,657	711,647	740,803
Head grade (g/t)	0.94	1.19	1.47
Recovery (%)	93	93	94
Gold production (ounces)	20,057	25,344	32,686
Cashcost perounce (A$/oz)–preroyalties	A$727	A$615	A$477
Cashcost perounce (A$/oz)– incl royalties	A$795	A$683	A$529

Production at Moolart Well for the March 2015 quarter was in line with expectations. As previously reported, production in the 6 months to June 2015 is expected to be lower than the first half year as the mined grade of the deposit trends lower towards the remaining life of mine grade. The milled grade for the quarter of 0.94g/t was reflective of the ore scheduled to be mined and took the grade to 1.20g/t for the 9 months to March 2015. Gold production for the 9 months to 31 March 2015 was 78,087 ounces at a pre-royalty cash cost of $588 per ounce. Cash costs before royalties of A$727 per ounce in the March quarter were higher than the previous quarters but in line with expectations given the reduction in mined grade as noted above.

GARDEN WELL OPERATIONS

Operating results at the Garden Well Gold Mine for March 2015 quarter were as follows:

	Mar 2015	Dec 2014	Sep 2014
Ore mined (tonnes)	1,232,034	1,695,446	1,682,573
Ore milled (tonnes)	1,099,277	1,088,000	1,232,275
Head grade (g/t)	0.84	0.94	0.96
Recovery (%)	81	83	78
Gold production (ounces)	23,900	27,237	29,816
Cashcost perounce (A$/oz)–preroyalties	1,130	963	1,062
Cash cost per ounce (A$/oz)–incl royalties	1,205	1,027	1,120

Operations at Garden Well for the March 2015 quarter produced 23,900 ounces of gold at a preroyalty cash cost of $1,130 per ounce.

As previously reported, gold production during the quarter at Garden Well was hampered by lower than expected head grades exacerbated by the commencement of a cut-back and significant rainfall which impacted the ability to deliver higher than run of mine grade material to the mill.

Gold production for the 9 months to 31 March 2015 was 80,953 ounces at a pre-royalty cash cost of $1,049 per ounce.

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Quarterly Report to 31 March 2015

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ROSEMONT OPERATIONS

Operating results at the Rosemont Gold Mine for the March 2015 quarter were as follows:

	Mar 2015	Dec 2014	Sep 2014
Ore mined (tonnes)	675,077	568,733	532,422
Ore milled (tonnes)	588,473	586,661	534,919
Head grade (g/t)	1.28	1.58	1.69
Recovery (%)	91	92	91
Gold production (ounces)	21,992	27,484	26,316
Cash cost per ounce (A$/oz)–pre royalties	914	755	719
Cashcost perounce (A$/oz)– incl royalties	976	819	777

Operations at Rosemont for the March 2015 quarter produced 21,992 ounces of gold at a pre-royalty cash cost of $914 per ounce.

As previously reported, operations at Rosemont were impacted in the March quarter by several pit wall failures in the main pit. The pit wall failures were localised and only resulted in short term disruption to the mining schedule. Full access for mining was re-established and mining of higher grade ore areas in March saw the grade for the quarter increase from 1.11g/t for the two months to the end of February to 1.28g/t for the quarter.

JUNE 2015 QUARTER OUTLOOK

Group gold production remains on target to meet annual guidance with production expected to exceed 305,000 ounces for the year.

It is anticipated the Duketon Project will operate during the June 2015 quarter at an annualised rate of 10 million tonnes per annum with an average head grade of 1g/t and recovery of +90% to produce in the order of 75,000 ounces.

The increase in production from the March 2015 quarter is expected to be primarily driven by improved throughput and recoveries currently being achieved at both Garden Well and Rosemont.

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Quarterly Report to 31 March 2015

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EXPLORATION

Duketon Gold Project

Exploration drilling during the March 2015 quarter totalled 32,410 metres broken down as follows:

By Drilling Type	By Project
Type No. Holes Metres	Project Metres
Aircore 41 2,644 RC 252 29,766 Total 293 32,410	Erlistoun 12,913
	Dogbolter 18,298
	Regional 1,199
	Total 32,410

Exploration drilling during the March 2015 quarter totalled 32,410 metres of Aircore and RC drilling, focussing on Erlistoun and Dogbolter resource drilling.

Erlistoun

The Erlistoun gold Resource (5.3MT @ 1.90g/t for 322,000 ounces) is currently defined by a 40m x 40m and 40m x 20m drill pattern. Gold mineralisation is hosted in narrow quartz veins which dip shallowly to the west at ~40°. Zones of supergene mineralisation occur in discrete pods where the gold mineralised structure comes into contact with the weathering horizons.

An RC infill resource drilling programme was completed during the quarter. This programme was designed to define gold mineralisation on a grid of 40m x 20m across the strike length of the deposit and to fully define the extent of gold mineralisation on the recently acquired mining lease contiguous to the deposit. A total of 134 RC holes (RRLERLRC349-482) were drilled during the quarter for 12,913 metres. Analytical results were received for 32 holes (RRLERLRC349-373 and 379-385) with significant results shown below.

Hole No	Northing (mN)	Easting (mE)	Hole Depth (m)	From (m)	To (m)	Interval (m)	Gold g/t
RRLERLRC352	6904520	434740	80	11	22	11	0.99
RRLERLRC367	6906044	435007	35	20	26	6	1.57
RRLERLRC372	6905959	434972	40	18	22	4	7.03
RRLERLRC380	6905764	434871	50	33	36	3	5.22
RRLERLRC383	6905719	434711	135	100	105	5	2.80
RRLERLRC384	6905719	434680	150	129	133	4	3.99
RRLERLRC385	6905720	434652	165	124	128	4	2.15

All coordinates are AGD 84. All holes were drilled at -60° to 090° All Intercepts calculated using a 0.5g/t lower cut, no upper cut, maximum 2m internal dilution. All assays determined on 1m split samples by fire assay

The results from this latest programme of RC drilling will be reviewed and used to update the current Resource and provide a basis to update the current Reserve estimate and expedite the development of the Erlistoun project.

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Quarterly Report to 31 March 2015

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Dogbolter

The Dogbolter deposit (Inferred Resource of 0.9MT at 2.91g/t Au for 87,000 ounces) is located 12 kilometres south of the Moolart Well processing facility and is currently defined by a 40m x 40m to 40m x 20m drill pattern. Gold mineralisation dips shallowly to the east at 30-40[o] and is associated with a diorite intrusion close to an ultramafic contact. Small high grade pods are associated with the intersection of mineralised structures and weathering horizons.

A programme of RC drilling was completed during the quarter to target the high grade gold mineralisation in the shallow oxide zone. This programme of drilling is part of the Company’s strategy to develop the numerous satellite deposits across the Duketon tenement package to provide incremental feed to the three operating mills in the district.

A total of 106 RC holes (RRLDBRC0027-132) were drilled during the quarter for 15,654 metres and 41 Aircore holes (RRLDBAC128-168) for 2,644 metres. Assay results for holes RRLDBRC014-026 drilled in the previous quarter and holes RRLDBRC027-067, 070-071 and 099-111 were received with highlights from the drilling shown below.

Hole No	Northing (mN)	Easting (mE)	Hole Depth (m)	From (m)	To (m)	Interval (m)	Gold g/t
RRLDBRC019	6933182	435010	140	122	137	15	2.96
RRLDBRC029	6933020	434998	164	112	124	12	3.14
RRLDBRC048	6933684	435037	94	59	63	4	12.80
RRLDBRC071	6933281	435092	170	136	141	5	17.62
RRLDBRC100	6932922	434966	180	74	83	9	3.13
RRLDBRC107	6932967	435161	150	82	84	2	20.78

All coordinates are AGD 84. All holes were drilled at -60° to 256°

All Intercepts calculated using a 0.5g/t lower cut, no upper cut, maximum 2m internal dilution. All assays determined on 1m split samples by fire assay

Once all assays from this programme are received a Resource update and maiden Reserve estimation are expected to be completed in the June 2015 quarter. It is expected that the Dogbolter deposit will add future mining inventory to the Moolart Well processing facility.

Details of all significant results received during the quarter are included in Appendix A.

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Quarterly Report to 31 March 2015

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CORPORATE

Gold Sales & Hedging

The Company had a hedging position at the end of the quarter of 289,508 ounces, being 157,292 ounces of flat forward contracts with a delivery price of A$1,435 per ounce and 112,215 ounces of spot deferred contracts with a price of A$1,425 per ounce. During the March 2015 quarter, Regis sold 66,749 ounces of gold at an average price of A$1,574 per ounce (Dec 15 qtr: 82,898 ounces at A$1,425 per ounce).

Cash Position

As at 31 March 2015 Regis had $45.8 million in cash and bullion holdings (Dec 2015: $29.7m). Operating cash flow from the Duketon Gold Project was $32.4 million for the March 2015 quarter (Dec 2014: $43.5 million).

Debt Facility

As previously announced, the Company has negotiated with Macquarie Bank to restructure the existing debt facility. The revised terms have relaxed the restrictions around the payment of dividends during the duration of the facility and amended the repayment terms of the $20 million outstanding loan balance from three annual repayments in June 15-17 to one bullet repayment on 30 June 2017. The Company retains the flexibility of repaying the outstanding principal at any time prior to 30 June 2017.

A copy of the Company’s Mining Exploration Entity Quarterly (Appendix 5B) report in accordance with Listing Rule 5.3 is attached.

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Quarterly Report to 31 March 2015

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COMPETENT PERSON STATEMENT

The information in this report that relates to exploration results is based on and fairly represents information and supporting documentation that has been compiled by Mr Jens Balkau who is a member of the Australian Institute of Mining and Metallurgy. Mr Balkau has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 edition of the ‘Australasian Code for the Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Mr Balkau is a full time employee of Regis Resources Ltd and consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.

FORWARD LOOKING STATEMENTS

This ASX announcement may contain forward looking statements that are subject to risk factors associated with gold exploration, mining and production businesses. It is believed that the expectations reflected in these statements are reasonable but they may be affected by a variety of variables and changes in underlying assumptions which could cause actual results or trends to differ materially, including but not limited to price fluctuations, actual demand, currency fluctuations, drilling and production results, Reserve estimations, loss of market, industry competition, environmental risks, physical risks, legislative, fiscal and regulatory changes, economic and financial market conditions in various countries and regions, political risks, project delay or advancement, approvals and cost estimates.

Forward-looking statements, including projections, forecasts and estimates, are provided as a general guide only and should not be relied on as an indication or guarantee of future performance and involve known and unknown risks, uncertainties and other factors, many of which are outside the control of Regis Resources Ltd. Past performance is not necessarily a guide to future performance and no representation or warranty is made as to the likelihood of achievement or reasonableness of any forward looking statements or other forecast.

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Quarterly Report to 31 March 2015

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CORPORATE DIRECTORY

Regis Resources Ltd ( ACN 009 174 761)

Registered Office

First Floor, 1 Alvan Street Subiaco, WA Australia 6008 Tel +618 9442 2200 Fax +618 9442 2290

Website www.regisresources.com Email [email protected]

Directors

Mr Mark Clark (Managing Director) Mr Nick Giorgetta (Non Executive Chairman) Mr Mark Okeby (Non Executive Director) Mr Ross Kestel (Non Executive Director) Mr Frank Fergusson (Non Executive Director) Mr Glyn Evans (Non Executive Director)

Company Secretary and CFO

Mr Kim Massey

Share Registry

Computershare Ltd GPO Box D182 Perth WA 6840 Shareholder Enquiries: 1300 557 010 (local) +613 9415 4000 (international)

ASX Listed Securities (as at 31 March 2015)

Security	Terms	Code		No. Quoted
OrdinaryShares		RRL		499,781,595

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Quarterly Report to 31 March 2015

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Appendix A

Significant Gold Assay Results: RC Resource Drilling at Dogbolter.

Hole No	Northing (mN)	Easting (mE)	Hole Depth (m)	From (m)	To (m)	Interval (m)	Gold g/t
RRLDBRC014	6933290	434944	99	47	49	2	5.41
RRLDBRC015	6933299	434999	123	62	68	6	1.53
RRLDBRC019	6933182	435010	140	74	76	2	9.93
RRLDBRC019	6933182	435010	140	122	137	15	2.96
RRLDBRC021	6933082	434932	99	17	31	14	1.59
RRLDBRC027	6932851	434953	119	75	81	6	1.73
RRLDBRC029	6933020	434998	164	14	19	5	3.78
RRLDBRC029	6933020	434998	164	112	124	12	3.14
RRLDBRC030	6933193	435047	184	87	89	2	7.99
RRLDBRC031	6933344	434997	134	89	92	3	5.10
RRLDBRC032	6933351	435030	164	22	26	4	6.04
RRLDBRC033	6933361	435069	119	51	54	3	3.36
RRLDBRC034	6933433	435028	134	26	36	10	0.81
RRLDBRC035	6933436	435052	174	74	76	2	4.46
RRLDBRC038	6933486	435081	162	128	129	1	13.00
RRLDBRC048	6933684	435037	94	59	63	4	12.80
RRLDBRC062	6933529	435077	110	79	87	8	1.94
RRLDBRC066	6933370	435106	140	91	94	3	3.13
RRLDBRC067	6933313	435064	199	36	37	1	9.98
RRLDBRC067	6933313	435064	199	68	71	3	8.84
RRLDBRC071	6933281	435092	170	136	141	5	17.62
RRLDBRC099	6932916	434931	95	26	35	9	1.91
RRLDBRC100	6932922	434966	180	74	83	9	3.13
RRLDBRC101	6932930	435006	140	114	125	11	1.52
RRLDBRC104	6932947	435066	195	121	123	2	10.43
RRLDBRC107	6932967	435161	150	82	84	2	20.78

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JORC Code, 2012 Edition – Table 1 report template

Section 1 Sampling Techniques and Data

(Criteria in this section apply to all succeeding sections.)

Criteria	JORC Code explanation	Commentary
Sampling	Nature and quality of sampling (e.g. cut channels, random chips, or	Erlistoun
techniques	specific specialised industry standard measurement tools appropriate to the minerals under investigation, such as down hole gamma sondes, or handheld XRF instruments, etc). These examples should not be taken as limiting the broad meaning of sampling.	The drilling completed in the quarter was sampled using Reverse Circulation (RC) holes. Holes were drilled to reduce drill spacing to a nominal 40m (northing) by 20m (easting) grid spacing across selected areas of the deposit.
		Dogbolter
		The drilling completed in the quarter was sampled using Reverse
		Circulation (RC) holes and Aircore (AC) holes. Holes were drilled to
		reduce drill spacing to a nominal 40m (northing) by 20m (easting) grid
		spacing across selected areas of the deposit.
	Include reference to measures taken to ensure sample representivity and	Erlistoun and Dogbolter
	the appropriate calibration of any measurement tools or systems used.	Regis drill hole collar locations were picked up by site-based authorized
		surveyors using Trimble RTK GPS. Down hole surveying was measured
		by the drilling contractors using a digital single shot survey instrument.
		The surveys were completed every 30m down each drill hole.
		Certified standards and blanks were inserted every 25thsample to
		assess the accuracy and methodology of the external laboratories, and
		field duplicates were inserted every 20thsample to assess the
		repeatability and variability of the gold mineralisation. Laboratory
		duplicates were also completed approximately every 20thsample to
		assess the precision of the laboratory as well as the repeatability and
		variability of the gold mineralisation. Results of the QAQC sampling were
		considered acceptable for an Archaean gold deposit.
	Aspects of the determination of mineralisation that are Material to the	Erlistoun and Dogbolter
	Public Report. In cases where ‘industry standard’ work has been done this would be relatively simple (e.g. ‘reverse circulation drilling was used to obtain 1 m samples from which 3 kg was pulverised to produce a 30 g	1m RC samples were obtained by cone splitter (2.5kg – 3.0kg), each metre sample being utilised for lithology logging and assaying. 1m AC
	charge for fire assay’). In other cases more explanation may be required,

Criteria	JORC Code explanation Commentary
	such as where there is coarse gold that has inherent sampling problems. Unusual commodities or mineralisation types (e.g. submarine nodules) may warrant disclosure of detailed information. samples were obtained by cone splitter (2.5kg – 3.0kg), each metre sample being utilised for lithology logging and assaying All samples were dried, crushed and pulverised to get 90% passing 75µm, and 50g charge for fire assay analysis with AAS finish at Aurum laboratory.
Drilling techniques	Drill type (e.g. core, reverse circulation, open-hole hammer, rotary air blast, auger, Bangka, sonic, etc) and details (e.g. core diameter, triple or standard tube, depth of diamond tails, face-sampling bit or other type, whether core is oriented and if so, by what method, etc). Erlistoun RC drilling accounts for all drilling completed in the quarter with hole depths ranging from 30m to 183m, with 139mm diameter face sampling hammer being used. Dogbolter RC drilling accounts for 106 holes drilled in the quarter with hole depths ranging from 84m to 235m, with 139mm diameter face sampling hammer being used. AC drilling accounts for 41 holes drilled in the quarter with hole depths ranging from 40m to 83m with 89 mm diameter face sampling blade being used.
Drill sample recovery	Method of recording and assessing core and chip sample recoveries and results assessed. Erlistoun and Dogbolter RC recovery was visually assessed, with recovery being excellent except in some wet intervals which are recorded on logs.
	Measures taken to maximise sample recovery and ensure representative nature of the samples. Erlistoun and Dogbolter RC samples were visually checked for recovery, moisture and contamination. The drilling contractor utilised a cyclone and cone splitter to provide uniform sample size, and these were cleaned routinely (cleaned at the end of each rod and more frequently in wet conditions). A booster was also used in conjunction with the RC drill rig to ensure dry samples are achieved. AC holes at Dogbolter were only shallow and no wet samples were obtained.
	Whether a relationship exists between sample recovery and grade and whether sample bias may have occurred due to preferential loss/gain of fine/coarse material. Erlistoun and Dogbolter Sample recoveries for RC and AC holes are high, especially within the mineralised zones. No significant bias is expected.

Criteria	JORC Code explanation Commentary
Logging	Whether core and chip samples have been geologically and geotechnically logged to a level of detail to support appropriate Mineral Resource estimation, mining studies and metallurgical studies. Erlistoun and Dogbolter Lithology, colour, alteration, shearing, veining and mineralisation were routinely logged from the RC and AC chips and saved in the database. In addition geological events including BOCO (Base of Complete Oxidation) TOSA (Top of Saprock) and TOFR (Top of Fresh Rock) were recorded for each drill hole. Chips from every one metre interval are placed in chip trays and stored in a designated building at site for future reference.
	Whether logging is qualitative or quantitative in nature. Core (or costean, channel, etc) photography. Erlistoun and Dogbolter All logging is qualitative.
	The total length and percentage of the relevant intersections logged. Erlistoun and Dogbolter All drill holes are logged in full.
Sub-sampling techniques and sample preparation	If core, whether cut or sawn and whether quarter, half or all core taken. N/A
	If non-core, whether riffled, tube sampled, rotary split, etc and whether sampled wet or dry. Erlistoun and Dogbolter The RC drilling utilised a cyclone and cone splitter to consistently produce 2.5kg to 3.0kg dry samples. The AC drilling utilised a cyclone and cone splitter to consistently produce 2.5kg to 3.0kg dry samples.
	For all sample types, the nature, quality and appropriateness of the sample preparation technique. Erlistoun and Dogbolter Samples are dried and then pulverised to 90% passing 75µm. This is considered acceptable for an Archaean gold deposit.
	Quality control procedures adopted for all sub-sampling stages to maximise representivity of samples. Erlistoun and Dogbolter Certified standards and blanks were inserted every 25thsample to assess the accuracy and methodology of the external laboratories, and field duplicates were inserted every 20thsample to assess the repeatability and variability of the gold mineralisation. Laboratory duplicates were also completed roughly every 20thsample to assess the precision of the laboratory as well as the repeatability and variability of the gold mineralisation.

Criteria	JORC Code explanation Commentary
	Measures taken to ensure that the sampling is representative of the in situ material collected, including for instance results for field duplicate/second-half sampling. Erlistoun and Dogbolter Field RC and AC duplicates were taken at the rig from a second chute on the cone splitter allowing for the duplicate and main sample to be the same size. The results of the field duplicates show an acceptable level of repeatability for an Archaean gold deposit and demonstrated an expected level of nugget effect. Laboratory duplicates (sample preparation split) were also completed roughly every 20thsample to assess the precision of the laboratory as well as the repeatability and variability of the gold mineralisation, with results showing an acceptable level of repeatability for an Archaean gold deposit.
	Whether sample sizes are appropriate to the grain size of the material being sampled. Erlistoun and Dogbolter Sample sizes (2.5kg to 3kg) at Dogbolter and Erlistoun are considered to be a sufficient size to accurately represent the gold mineralisation based on the mineralisation style (hypogene associated with shearing and supergene enrichment), the width and continuity of the intersections, the sampling methodology, the coarse gold variability and the assay ranges for the gold. Field duplicates have routinely been collected to ensure monitoring of the sub-sampling quality. Acceptable precision and accuracy is noted in the field duplicates and consistent with a coarse gold Archaean gold deposit.
Quality of assay data and laboratory tests	The nature, quality and appropriateness of the assaying and laboratory procedures used and whether the technique is considered partial or total. Erlistoun and Dogbolter All gold assaying completed by external laboratories (Aurum laboratories) using 50g charge for fire assay analysis with AAS finish. This technique is industry standard for gold and considered appropriate.
	For geophysical tools, spectrometers, handheld XRF instruments, etc, the parameters used in determining the analysis including instrument make and model, reading times, calibrations factors applied and their derivation, etc. Erlistoun and Dogbolter No geophysical measurements were routinely made.

Criteria	JORC Code explanation Commentary
	Nature of quality control procedures adopted (e.g. standards, blanks, duplicates, external laboratory checks) and whether acceptable levels of accuracy (ie lack of bias) and precision have been established. Erlistoun and Dogbolter Certified Reference Material (CRM or standards) and blanks were inserted every 25thsample to assess the assaying accuracy of the external laboratories. Field duplicates were inserted every 20thsample to assess the repeatability from the field and variability of the gold mineralisation. Laboratory duplicates were also completed approximately every 20thsample to assess the precision of assaying. Evaluation of both the Regis submitted standards, and the internal laboratory quality control data, indicates assaying to be accurate and without significant drift for significant time periods. Excluding obvious errors, the vast majority of the CRM assaying report shows an overall mean bias of less than 5% with no consistent positive or negative bias noted. Duplicate assaying show high levels of correlation and no apparent bias between the duplicate pairs. Field duplicate samples show acceptable levels of correlation and no relative bias. Results of the QAQC sampling were considered acceptable for an Archaean gold deposit. Substantial focus has been given to ensuring sampling procedures met industry best practise to ensure acceptable levels of accuracy and precision were achieved in a coarse gold environment.
Verification of sampling and assaying	The verification of significant intersections by either independent or alternative company personnel. Erlistoun and Dogbolter No independent personnel have visually inspected the significant intersections. Numerous highly qualified and experienced company personnel from exploration and production positions have visually inspected the significant intersections in RC and AC chips.
	The use of twinned holes. Erlistoun and Dogbolter No twinned holes drilled in the database reported.
	Documentation of primary data, data entry procedures, data verification, data storage (physical and electronic) protocols. Erlistoun and Dogbolter All geological and field data is entered into excel spreadsheets with lookup tables and fixed formatting (and protected from modification) thus only allowing data to be entered using the Regis geological code system and sample protocol. Data is then emailed to the Regis database administrator for validation and importation into a SQL database using Datashed.

Criteria	JORC Code explanation Commentary
	Discuss any adjustment to assay data. Erlistoun and Dogbolter Any samples not assayed (i.e. destroyed in processing, listed not received) have had the assay value converted to a -9 in the database. Any samples assayed below detection limit (0.01 ppm Au) have been converted to 0.005 ppm (half detection limit) in the database.
Location of data points	Accuracy and quality of surveys used to locate drill holes (collar and down-hole surveys), trenches, mine workings and other locations used in Mineral Resource estimation. Erlistoun and Dogbolter Drill hole collar locations were picked up by site-based authorized surveyors using Trimble RTK GPS, calibrated to a base station (expected accuracy of 20mm). Downhole surveying (magnetic azimuth and dip of the drillhole) was measured by the drilling contractors in conjunction with Regis personnel using a digital single shot survey instrument. The surveys were completed every 30m down each drill hole. Magnetic azimuth is converted to AMG azimuth (-2 degrees) in the database, and AMG azimuth is used in the resource estimation.
	Specification of the grid system used. Erlistoun and Dogbolter The grid system is AMG Zone 51 (AGD 84).
	Quality and adequacy of topographic control. Erlistoun Survey Graphics Pty Ltd were contracted to generate a digital terrain model (DTM) from aerial photography, and existing drill collar information was used for “ground truthing” to refine the DTM. Dogbolter Survey Graphics Pty Ltd were contracted to generate a digital terrain model (DTM) from aerial photography, and existing drill collar information was used for “ground truthing” to refine the DTM.
Data spacing and distribution	Data spacing for reporting of Exploration Results. Erlistoun The drilling was designed to infill the nominal drill hole spacing to 40m (northing) by 20m (easting) in select areas. Dogbolter The drilling was designed to infill the nominal drill hole spacing to 40m (northing) by 20m (easting) in select areas.

Criteria	JORC Code explanation	Commentary
	Whether the data spacing and distribution is sufficient to establish the	Erlistoun and Dogbolter
	degree of geological and grade continuity appropriate for the Mineral Resource and Ore Reserve estimation procedure(s) and classifications applied.	The data spacing and distribution is sufficient to demonstrate spatial and grade continuity of the mineralised domains to support the definition of Inferred and Indicated Mineral resources under the 2012 JORC code.
	Whether sample compositing has been applied.	Erlistoun and Dogbolter
		No sample compositing has been applied in the field within the
		mineralised zones.
Orientation of	Whether the orientation of sampling achieves unbiased sampling of	Erlistoun
data in relation to geological structure	possible structures and the extent to which this is known, considering the deposit type.	The drilling is orientated east with a -60 degree dip, which is roughly perpendicular to both the strike and dip of the mineralisaton, therefore ensuring intercepts are close to true width. Erlistoun mineralisation is hosted in narrow quartz veins that dip shallowly to the west at ~ 40°.
		Dogbolter
		The drilling is orientated west (256°) with a -60 degree dip, which is
		roughly perpendicular to both the strike and dip of the mineralisaton,
		therefore ensuring intercepts are close to true width. Dogbolter
		mineralisation dips shallowly to the east at ~ 30°-40° and is associated
		with a diorite intrusion close to an ultramafic contact.
	If the relationship between the drilling orientation and the orientation of	Erlistoun and Dogbolter
	key mineralised structures is considered to have introduced a sampling bias, this should be assessed and reported if material.	Diamond drilling from previous programs confirmed that drilling orientation did not introduce any bias regarding the orientation of the
		mineralised domains.
Sample	The measures taken to ensure sample security.	Erlistoun and Dogbolter
security		Samples are securely sealed and stored onsite, until delivery to Perth via
		McMahon Burnett Transport, who then also delivers the samples directly
		to the laboratory. Sample submission forms are sent with the samples as
		well as emailed to the laboratory, and are used to keep track of the
		sample batches.
Audits or	The results of any audits or reviews of sampling techniques and data.	Erlistoun and Dogbolter
reviews		No independent site visits or audits undertaken.

Section 2 Reporting of Exploration Results

(Criteria listed in the preceding section also apply to this section.)

Criteria	JORC Code explanation	Commentary
Mineral	Type, reference name/number, location and ownership including	Erlistoun
tenement and land tenure status	agreements or material issues with third parties such as joint ventures, partnerships, overriding royalties, native title interests, historical sites, wilderness or national park and environmental settings.	The Erlistoun gold deposit comprises M38/407, M38/802 and M38/1258 an area of 6.28 km2(628 hectares). The Erlistoun ore body is currently in the final resource drill out phase to reduce drill spacing to 40m x 20m
	The security of the tenure held at the time of reporting along with any	across the entire resource.
	known impediments to obtaining a licence to operate in the area.	Normal Western Australian state royalties apply and a further 2% NSR
		royalty exists to a third party for M38/407 and M38/1258.
		Current registered holders of the tenements are Regis Resources Ltd and
		Duketon Resources Pty Ltd (100% owned by Regis). There are no
		registered Native Title Claims.
		Dogbolter
		The Dogbolter gold deposit comprises M38/303 an area of 9.90 km2(990
		hectares). The Dogbolter ore body is currently in the final resource drill
		out phase to reduce drill spacing to 40m x 20m across the entire resource.
		Normal Western Australian state royalties apply and a further 2% NSR
		royalty exists to a third party.
		Current registered holder of the tenement is Regis Resources Ltd. There
		are no registered Native Title Claims.
Exploration	Acknowledgment and appraisal of exploration by other parties.	Erlistoun
done by other parties		The Erlistoun gold deposit was discovered in the late 1890s and was mined between 1899 and 1912. Reported production to 1905 for shallow
		open pits and underground operations was ~5000 ounces. Resource
		definition was undertaken by Johnsons Well Mining and Newmont
		Exploration during the 1990s. Erlistoun has been held by Regis since
		2006. All resource drilling since 2006 has been conducted by Regis
		Resources.

Criteria	JORC Code explanation	Commentary
		Dogbolter
		The Dogbolter gold deposit was discovered in the mid-1980s by Ashton
		Gold Mines Pty Ltd. Resource definition was undertaken by Ashton Gold
		Mines, Johnsons Well Mining and Newmont Exploration during the mid-
		1980s to the mid-1990s. Dogbolter has been held by Regis since 2006.
		All resource drilling since 2006 has been conducted by Regis Resources.
Geology	Deposit type, geological setting and style of mineralisation.	Erlistoun
		Erlistoun is an Archaean orogenic gold deposit hosted in narrow quartz
		veins within sheared intermediate to felsic intrusions located on the
		eastern limb of the Erlistoun Syncline. The host units are bounded by a
		granodiorite on the east and adjacent to a dolerite and ultramafic unit to
		the west. Gold mineralisation is hosted in quartz veins and associated
		shear zones with high grade pods of gold mineralisation associated with
		weathering event horizons. Gold mineralisation trends N to NNE over a
		strike length of 1.6 km and dips shallowly at 40° to the west.
		Dogbolter
		Dogbolter is an Archaean orogenic gold deposit associated with a diorite
		intrusive close to an ultramafic contact. Gold mineralisation occurs within
		shear zones and quartz veins at the contact between a mafic-ultramafic
		sequence and an intermediate intrusive unit. Small high grade pods are
		associated with the intersection of mineralised structures and weathering
		event horizons. Gold mineralisation trends N to NNW over a strike length
		of 1 km and dips shallowly at 30-40° to the east.
Drill hole	A summary of all information material to the understanding of the	Erlistoun
Information	exploration results including a tabulation of the following information for all Material drill holes:	Drill hole exploration results and hole locations dip and azimuth are detailed in the table on page 4 of the March 2015 Quarterly Report.
	easting and northing of the drill hole collar	Dogbolter
	elevation or RL (Reduced Level – elevation above sea level in metres) of the drill hole collar	Drill hole exploration results and hole locations dip and azimuth are detailed in Appendix A of the March 2015 Quarterly Report.
	dip and azimuth of the hole

Criteria	JORC Code explanation	Commentary
	down hole length and interception depth
	hole length.
	If the exclusion of this information is justified on the basis that the
	information is not Material and this exclusion does not detract from the
	understanding of the report, the Competent Person should clearly
	explain why this is the case.
Data	In reporting Exploration Results, weighting averaging techniques,	Erlistoun
aggregation methods	maximum and/or minimum grade truncations (e.g. cutting of high grades) and cut-off grades are usually Material and should be stated.	Reported intercepts include a minimum of 0.5 g/t Au value over a minimum distance of 1m with a maximum 2m consecutive internal waste.
	Where aggregate intercepts incorporate short lengths of high grade	No upper cuts have been applied.
	results and longer lengths of low grade results, the procedure used for such aggregation should be stated and some typical examples of such	Dogbolter
	aggregations should be shown in detail.	Reported intercepts include a minimum of 0.5 g/t Au value over a
	The assumptions used for any reporting of metal equivalent values should be clearly stated.	minimum distance of 1m with a maximum 2m consecutive internal waste. No upper cuts have been applied.
Relationship	These relationships are particularly important in the reporting of	Erlistoun
between mineralization widths and intercept	Exploration Results. If the geometry of the mineralisation with respect to the drill hole angle is known, its nature should be reported.	The Erlistoun drill holes were drilled at -60° to 090° and the mineralised zone dips at ~40° to 270° so the intercepts reported will approximate true mineralised width.
lengths	If it is not known and only the down hole lengths are reported, there	Dogbolter
	should be a clear statement to this effect (e.g. ‘down hole length, true width not known’).	The Dogbolter drill holes were drilled at -60° to 256° and the mineralised zone dips at ~35° to 090° so the intercepts reported will approximate true
		mineralised width.
Diagrams	Appropriate maps and sections (with scales) and tabulations of	A significant discovery is not being reported. The results are based on
	intercepts should be included for any significant discovery being reported	extensional and infill drilling of known deposits.
	These should include, but not be limited to a plan view of drill hole collar
	locations and appropriate sectional views.
Balanced	Where comprehensive reporting of all Exploration Results is not	Erlistoun
reporting	practicable, representative reporting of both low and high grades and/or	Refer to table on page 4 of the March 2015 Quarterly Report.

Criteria	JORC Code explanation	Commentary
	widths should be practiced to avoid misleading reporting of Exploration	Dogbolter
	Results.	Refer to Appendix A of the March 2015 Quarterly Report.
Other	Other exploration data, if meaningful and material, should be reported	Erlistoun
substantive exploration	including (but not limited to): geological observations; geophysical survey results; geochemical survey results; bulk samples – size and method of	No other material exploration data to report.
data	treatment; metallurgical test results; bulk density, groundwater,	Dogbolter
	geotechnical and rock characteristics; potential deleterious or contaminating substances.	No other material exploration data to report.
Further work	The nature and scale of planned further work (e.g. tests for lateral	Erlistoun
	extensions or depth extensions or large-scale step-out drilling).	No further infill or extensional drilling is planned.
		Dogbolter
		No further infill or extensional drilling is planned.
	Diagrams clearly highlighting the areas of possible extensions, including	Work is ongoing to define possible extensions and is considered
	the main geological interpretations and future drilling areas, provided this	commercially sensitive at this time.
	information is not commercially sensitive.

Appendix 5B

Mining exploration entity and oil and gas exploration entity quarterly report

Rule 5.5

Appendix 5B

Mining exploration entity and oil and gas exploration entity quarterly report

Introduced 01/07/96 Origin Appendix 8 Amended 01/07/97, 01/07/98, 30/09/01, 01/06/10, 17/12/10, 01/05/2013

Name of entity

ABN Quarter ended (“current quarter”) 28 009 174 761 31 March 2015 Consolidated statement of cash flows

Cash flows related to operating activities 1.1 Receipts from product sales and related debtors 1.2 Payments for: (a) exploration & evaluation (b) development (c) production (d) administration 1.3 Dividends received 1.4 Interest and other items of a similar nature received 1.5 Interest and other costs of finance paid 1.6 Income taxes paid 1.7 Other (provide details if material) Net Operating Cash Flows	Current quarter $A’000	Year to date (9 months) $A’000
	105,073 (2,088) (45) (72,675) (1,681) - 104 (332) - 2	339,821 (6,450) (1,729) (236,512) (5,751) - 243 (1,774) - 82
	28,358	87,930
Cash flows related to investing activities 1.8 Payment for purchases of: (a) prospects (b) equity investments (c) other fixed assets 1.9 Proceeds from sale of: (a) prospects (b) equity investments (c) other fixed assets 1.10 Loans to other entities 1.11 Loans repaid by other entities 1.12 Other (provide details if material): `-` Payments for mine property development `-` Other Net investing cash flows 1.13 Total operating and investing cash flows (carried forward)	- - (6,539) - - - - - (8,043) (1)	(50) - (15,342) - - - - - (35,010) (3)
	(14,583)	(50,405)
	13,775	37,525

See chapter 19 for defined terms.

01/05/2013 Appendix 5B Page 1

Appendix 5B Mining exploration entity and oil and gas exploration entity quarterly report

	Current quarter $A’000	Year to date (9 months) $A’000
1.13 Total operating and investing cash flows (brought forward)	13,775	37,525
Cash flows related to financing activities 1.14 Proceeds from issues of shares, options, etc. 1.15 Proceeds from sale of forfeited shares 1.16 Proceeds from borrowings 1.17 Repayment of borrowings 1.18 Dividends paid 1.19 Other (provide details if material) Net financing cash flows	- - - - - -	38 - - (20,000) - (3)
	-	(19,965)
Net increase (decrease) in cash held 1.20 Cash at beginning of quarter/year to date 1.21 Exchange rate adjustments to item 1.20 1.22 Cash at end ofquarter*	13,775 10,400 -	17,560 6,615 -
	24,175	24,175

Not included in cash at end of quarter is gold on hand of 13,613oz at $1,585/oz for $21.6 million. Gold on hand includes bars on site and lodged with the Perth Mint, valued at expected selling price.

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

1.23 Aggregate amount of payments to the parties included in item 1.2 1.24 Aggregate amount of loans to theparties included in item 1.10	1.23 Aggregate amount of payments to the parties included in item 1.2 1.24 Aggregate amount of loans to theparties included in item 1.10	Current quarter $A'000
		144
		-
1.25 Explanation necessaryfor an understandingof the transactions

See chapter 19 for defined terms.

01/05/2013 Appendix 5B Page 2

Appendix 5B

Mining exploration entity and oil and gas exploration entity quarterly report

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

Nil.

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

Nil.

Financing facilities available

Add notes as necessary for an understanding of the position.

3.1 Loan facilities 3.2 Credit standby arrangements	Amount available $A’000	Amount used $A’000
	20,000	20,000
	-	-

Estimated cash outflows for next quarter

4.1 Exploration and evaluation 4.2 Development 4.3 Production* 4.4 Administration	$A’000
	1,400
	3,100
	75,000
	1,600
Total	81,100

Does not include any receipts from operations.

Reconciliation of cash

Reconciliation of cash at the end of the quarter (as shown in the consolidated statement of cash flows) to the related items in the accounts is as follows.	Current quarter $A’000	Previous quarter $A’000
5.1 Cash on hand and at bank 5.2 Deposits at call 5.3 Bank overdraft 5.4 Other (provide details)	24,175	10,400
	-	-
	-	-
	-	-
Total: cash at end of quarter(item 1.22)	24,175	10,400

** Not included in cash at end of quarter is gold on hand of 13,613oz at $1,585/oz for $21.6 million (Previous quarter: 13,072oz at $1,481/oz for $19.3 million). Gold on hand includes bars on site and lodged with the Perth Mint, valued at expected selling price.

See chapter 19 for defined terms.

01/05/2013 Appendix 5B Page 3

Appendix 5B

Mining exploration entity and oil and gas exploration entity quarterly report

Changes in interests in mining tenements and petroleum tenements

6.1 Interests in mining tenements and petroleum tenements relinquished, reduced or lapsed 6.2 Interests in mining tenements and petroleum tenements acquired or increased	Tenement reference and location	Nature of interest (note (2))	Interest at beginning of quarter	Interest at end of quarter
	E38/1952 E38/2298 P38/3602	Tenement Surrendered Tenement Surrendered Tenement Surrendered	100% 100% 100%	0% 0% 0%
	E38/2955 L38/232 P38/4147	Tenement Granted Tenement Granted Tenement Granted	0% 0% 0%	51% 100% 100%

Supplementary information required under Listing Rule 5.3.3 is provided at the end of this report.

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	Numberquoted	Issue price per security (see note 3)	Amount paid up per security (see note 3)
7.1 Preference +securities 7.2 Changes during quarter (a) Increases through issues (b) Decreases through returns of capital, buy- backs, redemptions	-	-	-	-
	- -	- -	- -	- -
7.3 +Ordinary securities 7.4 Changes during quarter (a) Increases through issues (b) Decreases through returns of capital, buy- backs	499,781,595	499,781,595	-	-
	- -	- -	- -	- -
7.5 +Convertible debt securities 7.6 Changes during quarter (a) Increases through issues (b) Decreases through securities matured, converted	-	-	-	-
	- -	- -	- -	- -

See chapter 19 for defined terms.

01/05/2013 Appendix 5B Page 4

Appendix 5B

Mining exploration entity and oil and gas exploration entity quarterly report

	Total number	Numberquoted	Issue price per security (see note 3)	Amount paid up per security (see note 3)
7.7 Options (description and conversion factor) 7.8 Issued during quarter 7.9 Exercised during quarter 7.10 Expired during quarter	600,000 575,000 500,000 940,000 1,665,000 1,500,000 650,000 150,000	- - - - - - - -	Exercise price $2.23 $2.75 $3.00 $4.00 $3.50 $1.55 $2.40 $1.55	Expiry date 29 Apr. 2015 8 Nov. 2015 8 Nov. 2015 30 Jun. 2016 31 Jul. 2017 12 Sep. 2017 31 Mar. 2018 14Oct. 2018
	-	-	-	-
	-	-	-	-
	-	-	-	-
7.11 Debentures (totals only)	-	-
7.12 Unsecured notes(totals only)	-	-

Compliance statement

1 This statement has been prepared under accounting policies which comply with accounting standards as defined in the Corporations Act or other standards acceptable to ASX (see note 5).

2 This statement does give a true and fair view of the matters disclosed.

Sign here: Date: 28 April 2015 (Company Secretary)

Print name: Kim Massey

See chapter 19 for defined terms.

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Appendix 5B

Mining exploration entity and oil and gas exploration entity quarterly report

Notes

1 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.
2 The “Nature of interest” (items 6.1 and 6.2) includes options in respect of interests in mining tenements and petroleum 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 or petroleum tenement, it should disclose the change of percentage interest and conditions precedent in the list required for items 6.1 and 6.2.
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 definitions in, and provisions of, AASB 6: Exploration for and Evaluation of Mineral Resources and AASB 107: Statement of Cash Flows apply to this report.
5 Accounting Standards ASX will accept, for example, the use of International Financial Reporting 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.

== == == == ==

See chapter 19 for defined terms.

01/05/2013 Appendix 5B Page 6