REGIS RESOURCES LIMITED — Investor Presentation 2006

Apr 3, 2006

David Walker

Managing Director

Paydirt Conference - April 5th 2006

FONZIC-LOOKING SEREINS

This presentation contains "forward-looking statements". Such forward-looking statements may include. LAR POLICIA POLICIA

• Estimates of future results of exploration activities;
• O Estimates of future cash fow:
• Estimates of future capital expenditure and resources;

• Estimates of mineral reserves, resources and statements regarding future exploration results.

Where the Company expresses or implies an expectation or belief as to future events or results, such expectation or belief is expressed in good faith and believed to have a reasonable basis. However, forward looking statements are subject to risks, uncertainties and other factors, which could cause actual results to differ materially from future results expressed, projected or implied by such forward-looking statements. Such risks include, but are not limited to metals price volatility, currency fluctuations, increased production costs and variances in ore grade or recovery rates from those assumed in mining plans, as well as political and operational risks in the countries and states in which we operate or sell product to, and governmental regulation and judicial outcomes.

The Company does not undertake any obligation to release publicly any revisions to any "forward-looking statement" to reflect events or circumstances after the date of this presentation, or to reflect the occurrence of unanticipated events, except as may be required under applicable securities laws.

Overview of Presentation

"Developing the Duketon Gold Project?"

REMOVE CO

Shapshot

ASSSES

• 59% of the major Duketon province
• Moolart Well gold project 1.0 Moz of gold in resource
• Regional 2.3 Moz of resources (RRL share 1.3 Moz)
• 59% Collurabbie Ni-Cu-PGE province exposure

Ethemetal

• E GEET OF CEST
• EDAMIQA
• Significant tax losses

Captal Structure

• -692 m Ordinary Shares
• Newmont 38% shareholder
• -96 m $0.05 Options exercisable by Jan 2014
• $0.10 and $0.20 listed options

Market Capitalisation - $96 million at $0.13ps (inc. options)

Board and Management

A GAMMAN DESCRIPTION

EOARD

• MICHAEL FOLIE (Non Exec Chairman) DAVID WALKER (Managing Director) 2 E MARQUS ROSE

• EXEMPTER LAMONT

MANAGEMENT

$>$ JENS BALKAU (GM - Exploration) > JANET COHEN (GM - Fínance & Admin) > PETER LEE (Company Secretary) $\sum$ iee

Regis History

Rogile

换浴 JWM formed

FE560Z.	identification of JWM opportunity (mkt cap $9m).
Aug 04	Regis created through JWM restructure, new Board
Mar 05	Fannounce restructure of Dukaton JVs with Newmon
Jun 05	exploration management of Duketon
Jan 06	raise S11m equity
Janua	Upprade Moolart Well resource to Anoz gold
FA506	Gomolste Newmont transaction, move to 59%

Newmont Transaction Completed

• $\triangleright$ Bought 49% of Newmont Duketon for 256 million RRL shares

• Sole fund $10m exploration ($5.5m spent)

• Call option over next 26% of Newmont Duketon (eff 20% of project)

• $\triangleright$ Pre-emptive right over remainder of Newmont Duketon Pty Ltd

• Sole development rights on any project if Newmont don't contribute

• $\triangleright$ Newmont has put option on remaining equity

• Newmont can clawback any deposits within 6km radius >2.5 Moz $\triangleright$ Decision to mine must be within 24 months

Gapital Strydture

	[0]RRI		66001RRITO2014	TUGGONRRIEDE2012	206001ERIZOAPAYP
Newmon	252	83%
TASTATIOTS	105	28.YA	n	n
Eccheor	M	EVA	2
Diractors	1	P4/1	En	24	¥r
Prisite	IM	PAYA	I.	A	$\left[ \begin{smallmatrix} 0 \ 0 \end{smallmatrix} \right]$
TOE!	692		O 7	FO	26
				also 14m 15c and 18c unlisted staff options

Rogits

WA Propertes - Gold and Nickel

$\triangleright$ Duketon JV's (Regis 59% and manager, Newmont 44%) $\triangleright$ The major landholding in the Dukatan Balt $\triangleright$ Laverton Region - 20moz in production

Handduller,

$\triangleright$ Cold - Dukelon region $\triangleright$ Nickel - Collurabbie belt

$\triangleright$ Copper Well JV (Regis manager, 50% earning 35%) $\triangleright$ Melita JV (Regis manager, Cerning 70%)

Dukefon Gold Resources (RRL 59%)

North Laverton Tectonic Zone. $\triangleright$ Over 300 granted mineral licences and licence applications $\triangleright$ In excess of 3,000 sq km of prospective ground $\triangleright$ 43 joint ventures $\cdot$ 100% ground

124 ACADEM

$\triangleright$ Area mined by Aurora in the TOOTAS $\triangleright$ Rosemont extended in 1996 $\triangleright$ Moolart Well discovered in 2001

$\triangleright$ Other deposits known for some YEZE

$\triangleright$ Old dry blowing patches

Dúkefon Gold Resources

ROURS ARSONALISM

		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
Moolart 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
Russells Find	ox+sulph	0.5	3.86	56	1.0	inferred	RSG
Reichelts Find	ox+sulph	0.1	3.69	17	1.0	indicated	RSG
Satellites Sub-Total		4.4	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

Calculated to December 2005

Moolari Gorridor

Laverton tectonic zone north $\triangleright$ Deeply laterifised, partially Siripped terrain

MARTINDARA

$\triangleright$ Archaean mafic/um/bif package $\triangleright$ 16km mineralised corridor $\geq 0.1$ g/t gold contour in drilling > Moolart Well at south end $\triangleright$ Officr zones lightly explored $\triangleright$ Mineralised Qiz diorite bodies

Moolart Well Project (59%) - 4300mN (east)

HOUID

Moolart Well - Laterite Zone

• $\triangleright$ +1 Four kilometre zone of FATTATE TISSE TETRITO $\triangleright$ 5004500mwie $\triangleright$ Discovered by Newmont
• $\triangleright$ doro interred resource of 428,000 ozs down to 20 m vertical CEDIN
• $\triangleright$ Usually less than 5m of sand MONATE
• $\triangleright$ Average mineralised thickness of ZM
• $\triangleright$ Significant coarse gold > +95% gold recovery, low CN $\triangleright$ high grade zones (>5g/t) exist

Moolart Well - Paterie Resource

Bis Binduit 2

Moolart Well - Lancaster Laterite Zone

Ore Thiekness (m)

Averege cover Jin 2 Average min laterite Ž AIMARSS AIN Sharply and off on SW $\sim$ More infill required $>$ 2016 2010 $\mu$ 2010 $\mu$ 2010 $\mu$ pft, all fore Strip ratio < 1:1 $\sim$ > Potential for finit 50-100koz down fo 20m Faily eashfow offen Pit élesten underway GOILE SINTS ACTS TOTO STORIO

Z

Z

Ž

Ĩ.

Moolart Well Project (59%) - 4800mN (east)

Moolart Well - Saprolite Zone

$\triangleright$ Saprolite zone distribution, beneath laterite resource cap $\triangleright$ 580,000oz at 2.07 g/f in JORG TASTOTIKAS

a menggunaan

$\geq 2$ Down to 70m base of drilling $\triangleright$ Many zones open along strike and most open at depth $\triangleright$ Significant high grade The Stadions > 1074 $\triangleright$ Little drilling in fresh rock

$\triangleright$ Expect grade to rise as sections infilled, structures constrained

Moolart Well - Saprolite Zone

Bidgills RESORTER IN

			.W	Unconstrained block model
			jir	Multiple Indicator kriged
SSA FITH			W	15m x 15m x 4m search
				ellipse
			.W	High grade cuts applied
			.F	8.7mt @ 2.07 g/t, 0.8g/t cut
				off
			.W	580,000 contained oz
			.T	All inferred category
rsi a fu tu m			jir	Expect tonnes/grades to
				rise as zones constrained
		$\sim$
	43200C E	i43378asams	azsnega sener	4370SSŢ.

Moolart Well - Lancaster Area Resource

Hamilta Konungen an I

Moolant Well - Lancaster Area Resource

HOULE

Moolart Well + PR Design 44800mN

HOMIL

Moolart Wall - PR Design 44900mN

Raghe!

Moolart Welf, 4 PR Design 45700mN

HEH IS

Mookrát Well - Pft Design 46200mN

BOULE !

Moolart Wejlk - Pit Design 47400mN

Beque

Moolart Well Project - Final Pits

Artistalan be

• $>$ 1.5 mipa and 3.5 mipa designs
• $\triangleright$ $600/oz and $720/oz gold price
• $\triangleright$ Current industry operating costs
• $\triangleright$ Combined laterite & saprolite run
• $\triangleright$ 2 large pits about 1.6km long each $\geq$ 3rd smaller pit to the north
• $\triangleright$ Little difference in pit shells
• $\triangleright$ Drives to 70 mvd in several places
• $\triangleright$ Open and economic at depth
• $\triangleright$ Significant gaps in saprolife drilling, especially in the north

Moolart Well Scoping Study

$\triangleright$ Commenced June 2005

• $>$ Drilled 387 holes (33,871m)at Moolart Well in 2005

• Resource Stage 1 evaluation and upgrade completed (Jan 06)

• $\triangleright$ Metallurgy stage 1 completed, 95.7%-95.5% CN 0.8kg/t laterite/sap
• $\triangleright$ Stage 2 grind tests underway

• Preliminary Mining Optimisation study near completion (April)

• $\triangleright$ Availability of second hand plant being assessed now
• $\triangleright$ 197 hole drilling program about to commence (April)
• Deeper saprofite drilling program to follow (May) X
• $\triangleright$ Further resource evaluation, mining re-optimisation mid year

Collurabbie Ni Project (59%)

• $\triangleright$ Regis 59% and manager, Nawnoni
• $\triangleright$ Also intee other joint ventures

in thunhes

• $\triangleright$ Southern extension of Olympia ZO BIGI
• $\triangleright$ Two possible repeats to the east
• $\triangleright$ Regis have 35 line kms of prospective strike
• $\triangleright$ Several historical nickel DOSDOGS
• $\triangleright$ Shallow Ni oxide resource potential at Hermans (MIM)

Olympia Aeromagnetics

ROULS

Completed 186km Cround TEM Survey

Golurabbie Nickel - Progress

d e a altregen e

• 186 line km TEM west zone

• $\triangleright$ Evaluation underway
• $\triangleright$ Regional compilation
• $\triangleright$ 17,000m reconnaissance drilling, all Icss than 70 mvd
• $\triangleright$ Several conductor anomalies to be evaluated
• $\triangleright$ Anomalous Cu zones of interest $\geq$ 1106 exploration budget $1.4m

Summer

Extract

> Advanced Duketon Gold Project with potential for

• Moolart Well has 1 moz in resource to 70m vd

• MoolartWall Laterite zone gives an immediate, low- cost development option

READ TO A READ TO A PROPERTY

• Scoping Sittely well underway

• $\triangleright$ Significant early easing low potential

• Significant gold exploration upside at Moolart Well and in the Moolart Corridor

• Strong mokel potential at Collurabbie

• Ragis is the major player in the region