Regalito Copper Corp.

Regalito Copper Corp.

August 10, 2005 19:37 ET

Regalito Copper Corp. to Raise US$4.6 Million in Private Placement

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Aug. 10, 2005) - Regalito Copper Corp. (TSX:RLO)(AMEX:RLO) announces that it intends to complete an unbrokered financing to raise US$4.6 million through the sale, by private placement, of one million common shares at a price of US$4.60 per share. The shares will bear a four-month restriction on resale. Proceeds of this financing will be used to finance the purchase by the Company of certain water and surface rights in connection with development of its Regalito copper project in north-central Chile and for general working capital. Negotiations to purchase such water and surface rights are well advanced and should be completed in the near future. The financing is subject to regulatory approval and is expected to close within 30 days.


David Strang, President


Safe Harbor Statement under the United States Private Securities Litigation Reform Act of 1995: Except for the statements of historical fact contained herein, the information presented constitutes "forward-looking statements" within the meaning of the Private Securities Act of 1995. Such forward-looking statements, including but not limited to those with respect to the price of copper, gold and molybdenum, the timing and amount of future production, metallurgical recoveries, costs of production, reserve and resource determination and reserve conversion rates, involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievement of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, risks relating to the integration of acquisitions, risk relating to international operations, risks relating to joint-venture operations, the actual results of current exploration activities, conclusions of economic evaluations, changes in project and exploration parameters as plans continue to be refined, future prices of copper, gold and molybdenum, as well as those factors discussed in the section entitled "Risk Factors" in the Form 20-F as on file with the Securities and Exchange Commission in Washington, D.C. Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.

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