July 25, 2019, (Vancouver, BC) – Regulus Resources Inc. (“Regulus” or the “Company”, REG TSX.V) is pleased to announce the results from two additional drill holes from its Phase 2 drill program, the aim of which is to expand and infill resources at the Company’s AntaKori copper-gold-silver project in northern Peru. The drilling campaign is underway in collaboration with Compañía Minera Coimolache S.A., the operator of the Tantahuatay gold mine immediately to the south of the AntaKori project.

Highlights from drill holes AK-19-031 and AK-19-032 – AntaKori Project:

• AK-19-031:
  • 610.20 m with 0.84 % Cu, 1.02 g/t Au and 10.28 g/t Ag (1.66 % CuEq) from 3.7 m depth
    • Including 291.25 m with 1.13 % Cu, 1.74 /t Au and 12.77 g/t Ag (2.49 % CuEq)
      • Further including 176.50 m with 1.48 % Cu, 2.72 g/t Au and 18.62 g/t Ag (3.59 % CuEq)
  • Intersected both high-sulphidation epithermal and skarn, as well as breccia mineralization
  • Successfully infilled and upgraded resources

• AK-19-032:
  • 372.33 m with 0.32 % Cu, 0.19 g/t Au and 7.21 g/t Ag (0.58 % CuEq)
    • Including 15.60 m with 0.43 % Cu, 0.23 g/t Au and 13.78 g/t Ag (0.72 % CuEq)
    • And 15.60 m with 0.44 % Cu, 0.24 g/t Au 11.77 g/t Ag (0.72 % CuEq)
    • And 14.16 m with 0.81 % Cu, 0.35 g/t Au and 13.19 Ag (1.18 % CuEq)
  • 14.25 m with 1.24 % Cu, 0.25 g/t Au and 6.98 g/t Ag (1.48% CuEq)
  • Intersected both high-sulphidation epithermal and skarn mineralization, with majority of higher-grade material being low-arsenic skarn
  • Successfully infilled resources
     
• Phase 2 drilling continues with two rigs, expanding to four within the next month. Currently one drill rig is testing geophysical targets towards the north, while the other is completing infill drilling within the known resource.

John Black, Chief Executive Officer of Regulus, commented as follows: “The AntaKori project continues to consistently deliver encouraging drill results and we are particularly pleased with the intersection of significant high grade material in hole AK-19-031, which represents our longest intercept to date of >1.5% CuEq mineralization. While this hole was an infill hole, the high-grade material intersected should upgrade our resource estimate at the end of our Phase 2 program. The Phase 2 program is well underway and we anticipate increasing the number of drill rigs from two to four in the coming weeks. As well, we have begun to extend drilling towards the North from currently permitted drill sites and anticipate having those results prior to the end of Q3. Additional permits to directly test geophysical targets further to the north are in progress and we anticipate they will be approved in Q4. Overall, we continue to grow the AntaKori system which we believe has the potential to be a tier 1 copper-gold project.”