FREE

REG: Provides Project Update & Adopts Shareholder Rights Plan

What you need to know:
• Regulus announced the adoption of a shareholder rights plan to ensure all REG shareholders are treated fairly in the event of a takeover bid.
• The Company also provided an update on the AntaKori project, stating that the integrated Tantahuatay-AntaKori Sulphide Cu-Au project continues to advance, but the completion of the MRE has taken longer than anticipated.
• REG continues to work with Nuton (Rio Tinto Venture) and with Tingo and Peruvian authorities to obtain exploration permits on the ground located immediately to the east of the Tantahuatay Mine.
• On December 19th, we published a management interview with CEO & Director John Black. Click here to watch.

This morning, Regulus Resources Ltd. (REG:TSXV, RGLSF:OTCQX) announced that it has adopted a shareholder rights plan (‘Rights Plan’) and provided an update on the AntaKori Project. The Rights Plan is a common agreement which ensures all REG shareholders are treated fairly in connection with any takeover bid and to protect against “Creeping Bids” (more details about this on page 2). The Company’s update on the AntaKori project stated that the integrated MRE has taken longer than anticipated due to different resource estimation practices, but that most of the outstanding issues have been addressed, and final documentation is currently being completed.

REG also stated that it continues to work with Nuton LLC to evaluate Nuton’s proprietary sulphide bio-leaching technologies at the AntaKori project. While the Company previously reported the results of four columns, the remaining columns are still in progress and are expected to be completed in the coming months, at which point Regulus will report the results. REG also announced it continues to work with Peruvian communities and authorities to obtain exploration permits on claims immediately to the east of the Tantahuatay Mine. We are maintaining our BUY rating and $6.00/share target price on Regulus Resources.