To: Goose94 who wrote (18567 ) 7/6/2016 12:35:01 PM From: Goose94 Read Replies (1) | Respond to of 202423 Regulus Resources (REG-V) increases PP to $12-million from $10 million July 6, '16 - NR Regulus Resources Inc., in connection with its previously announced private placement offering of units at a price of $1.20 per unit, has amended its agreement with Haywood Securities Inc. and PI Financial Corp. to increase the amount of the offering from 8.35 million units to up to 10 million units, for aggregate gross proceeds of up to $12-million. The number of additional Units that may be acquired under the option granted to the Agents (the "Agents' Option") has also been increased from 1,252,500 Units to 1,500,000 Units for aggregate gross proceeds of up to $1,800,000. The Agent's Option is exercisable, in whole or in part by the Agents, giving notice to the Company at any time up to 48 hours prior to the closing date. As previously disclosed, each Unit shall consist of one common share and one-half of one transferable common share purchase warrant (each whole common share purchase warrant, a "Warrant"). Each Warrant will entitle the holder to acquire one common share (a "Warrant Share") at a price per Warrant Share of $1.60 for a period of 42 months from the date of issuance. The net proceeds of the Offering will be used to advance the AntaKori copper-gold project in Peru and for general working capital purposes. The Company is currently in the process of planning a drill program for the AntaKori project that is anticipated to commence by the fourth quarter of this year. The Offering is expected to close on or before July 26, 2016 (the "Closing"). Closing of the Offering is subject to certain conditions, including, but not limited to, the receipt of all necessary approvals including approval and acceptance by the TSX Venture Exchange. All securities to be issued pursuant to the Offering will be subject to a four month hold period under applicable securities laws in Canada. Certain insiders of the Company have indicated that they intend to participate in a portion of the Offering. The Company has agreed to pay the Agents a cash commission of 6% of the gross proceeds raised under the Offering. This news release does not constitute an offer to sell or a solicitation of an offer to buy the securities described herein in the United States. The securities described herein have not been and will not be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States or to the account or benefit of a U.S. person absent an exemption from the registration requirements of such Act. For Further Information, please contact: Regulus Resources Inc. John E. Black, CEO / Director Phone: +1 303 618-7797 mobile +1 720 514-9036 office Email: john.black@regulusresources.com About Regulus Resources Inc. Regulus Resources Inc. is an international mineral exploration company run by an experienced technical and management team, with a portfolio of precious and base metal exploration properties located in North and South America. For further information on Regulus Resources Inc., please consult our website at www.regulusresources.com .