Trading Update

Regency Mines PLC 22 November 2007 REGENCY MINES PLC Trading Update Dated: 22nd November 2007 Regency Mines plc ('the Company') the mining exploration and mineral investment company with interests in copper and nickel in Papua New Guinea, Western Australia, and Queensland, announces that it has entered into a 'Memorandum of Investment and Co-operation' with an Asia-based investment group which could lead to a substantial investment in the Company and one of its projects. The agreement is subject to contract, due diligence and receipt of regulatory approvals. It is presently envisaged that the due diligence and other procedural matters will be completed within three months. The Company emphasises that while it expects the investment to proceed, the Memorandum does not constitute a binding commitment to invest. The Company also advises that following unprecedented damage in Oro Province caused by Tropical Cyclone Guba, the Government declared on 20 November a state of emergency. The provincial capital of Popondetta has been cut off from its airport and from Oro Bay by flooding washing away roads and bridges, and is short of potable water and food. Up to 150,000 people in the Province are thought to have been displaced and at least 70 have lost their lives. The road near the Company's project area from Kokoda to Popondetta, and from Popondetta to the coast, is currently impassable, but the Company maintains communication by air with Kokoda. The Company is able to resupply its camp, and drilling has today recommenced. Over 40 drillholes have been completed, with samples sent for assay in Jakarta every week or fortnight, and first results are expected shortly. The Company announces that as of 31st December 2006 Simple Investments Ltd became brokers to the Company. Enquiries: Andrew Bell 0207 402 4580 Regency Mines Plc Chairman John Simpson 020 7512 0191 Blomfield Corporate Finance Nominated Adviser Ltd Ron Marshman / John 020 7628 5518 City of London PR Limited Public Relations Greenhalgh This information is provided by RNS The company news service from the London Stock Exchange