REGIS RESOURCES LIMITED — Major Shareholding Notification 2008

Jul 24, 2008

WALNUT STREET CAPITAL MANAGEMENT, LLC

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FROM: Bandon Beauvais
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20 Walnut Street, Wellesley Hills, Massachusetts 02481 • Voice 781-237-7160 • Facsimile 781-237-7179
email: pdubuque@wscm.com • www.walnutstreetcapitalmanagement.com

$\cdots$ $\sim 10^{-11}$

603 page 1/2 15 July 2001

Form 603 Corporations Act 2001
Section 671B

Notice of initial substantial holder

To Company Name/Scheme	Regis Resources Limited
ACN/ARSN	009 174 761
1. Details of substantial holder (1) Name ACN/ARSN (if applicable)	Walnut Street Managers, LLC
The holder became a substantial holder on	22/7/2008

2. Details of voting power

The total number of votes attached to all the voting shares in the company or voting interests in the scheme that the substantial holder or an associate (2) had a relevant interest (3) in on the date the substantial holder became a substantial holder are as follows.

TREAD TO 20 Class of securities (4) -- ___	------ Number of securities	. . Person's votes (5)	__ Voting power (6)
Ordinary	13,000,000	113.000.000	SHEWHEAT 41%
.		-----

3. Dotails of relevant interests

The nature of the relevant interest the substantial holder or an associate had in the following voting aecurities on the date the aubatantial holder became a substantial holder are as follows

---------- . Holder of relevant Interest --------------------------------------- ---	----- Nature of relevant interest (7)	_ Class and number of securities
Walnut Street Managers, LLC ---------	[Power to control voting and/or disposal ----- -------	Ordinary/13,000,000
. _____	iof securities	----
	. ––	-------

4. Dotails of present registered holders

The persons registered as holders of the securities referred to in paragraph 3 above are as follows

دوري سند

___ Holder of relevant interest	Registered holder of securities	Person entitled to be registered as holder (8)	Class and number of securities
Walnut Street Managers, LLC September 200	Walnut Street Absolute Return Fund, L.P	.	- --------- - 7.481.500
-------	Walnul Street Offenure Absolute Katum Kund		5.618.500

5. Consideration

The consideration paid for each relevant interest referred to in paragraph 3 above, and acquired in the four months prior to the day that the substantial holder became a substantial holder is as follows:

Holder of relevant Interest	Date of acquisition	Consideration (9)		Class and number of securities
	-- ---	Cash	Non-cash
Walnut Street Absolute Return Fund L.P.	July 22, 2008	IUS\$1.425,375.38		7.481.500
Weinut Bireal Offsburn Abrolute Return Pund, Lid	July 22, 2008. ---	US\$1,051.384 62		5.518.500

603 GUIDE page 1/1 13 March 2000

6. Associates

The reasons the persons named in paragraph 3 above are associates of the substantial holder are as follows: