Regency Gold Corp.

Regency Gold Corp.

December 17, 2010 08:00 ET

Regency Acquires Gold Project in Nevada

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 17, 2010) - Regency Gold Corp. (TSX VENTURE:RAU.H) (the "Company") is pleased to announce it has acquired a 100-per-cent interest in the Agate Pass property located in Eureka County, Nevada. The Company paid the first annual advance royalty of US$10,000 on signing the lease which escalates to US$50,000 by year five. To maintain the lease the Company will pay annual escalating advance royalty payments against a 3% net smelter return ("NSR") royalty. The Company will have the option to buy back up to 2 points of the NSR for US$1,000,000 a point.

This transaction is subject to regulatory approval.

This news release contains forward-looking statements that are based on the Company's current expectations and estimates. Forward-looking statements are frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate", "suggest", "indicate" and other similar words or statements that certain events or conditions "may" or "will" occur. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause actual events or results to differ materially from estimated or anticipated events or results implied or expressed in such forward-looking statements. Such factors include, among others: the actual results of current exploration activities; conclusions of economic evaluations; changes in project parameters as plans to continue to be refined; possible variations in ore grade or recovery rates; accidents, labour disputes and other risks of the mining industry; delays in obtaining governmental approvals or financing; and fluctuations in metal prices. There may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise. Forward-looking statements are not guarantees of future performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein.

"Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release."

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