Corporate Fact Sheet

Adding Value Through Continued Discovery

Regulus Resources Inc. (TSX V.REG) is a well-funded Canadian exploration company lead by the former management of Antares Minerals Inc.; John Black, Kevin B. Heather and Mark Wayne. Regulus was created through the spin-out of the Rio Grande Cu-Au project in Argentina from Antares Minerals during the sale of Antares and the giant Haquira Cu-Mo-Au deposit in Peru to First Quantum Minerals (TSX.FM, UK FQM) in 2010 for approximately C$650 million. Regulus subsequently acquired a new flagship project, the AntaKori Cu-Au-Ag project in northern Peru, by means of a friendly merger with Southern Legacy Minerals and is well positioned to repeat the previous success of Antares Minerals.

Regulus Resources Inc. recently announced the spin-out of their Argentina assets into a new company, Aldebaran Resources, with an option to acquire up to an 80% interest in Peregrine Metals Ltd., a wholly-owned subsidiary of SibanyeStillwater, that owns the Altar Cu-Au
project in Argentina.

Regulus shareholders to receive one post-consolidated share of Aldebaran for every three Regulus shares held at nominal value of approximately C$0.40/original Regulus share. Plan of arrangement projected to close by end of October, 2018.

Reported resources for the Rio Grande and AntaKori projects are summarized below:

Resource Category Tonnes Millions Au
(g/t)
Cu
(%)
Ag
(g/t)
Au
(M ozs)
Cu
(B lbs)
Ag
(M ozs)
Au EQ
(M ozs)
Cu EQ
(B lbs)
AntaKori Cu-Au-Ag
Inferred 294.8 0.36 0.48 10.20 3.40 3.10 93.30 12.81 5.10
Rio Grande Cu-Au
Indicated 55.3 0.36 0.34 4.40 0.64 0.40 7.80 1.81 0.70
Inferred 101.1 0.31 0.30 4.40 1.00 0.70 14.40 2.93 1.20

Au EQ and Cu EQ were calculated using the following metal prices: Au = US$ 1200 /oz, Cu = US$ 3.00 /lb, Ag = US$ 20 / oz

Key Results and Catalysts for 2018                                            Toward Updated Resource Estimate

  • Collaborative Agreements in Place with Neighboring Mines—Access to Larger Area
  • 2 0,000+m drilling program in progress at AntaKori – 2-3 rigs currently drilling.
    Mineralization is high sulphidation epithermal Cu-Au-Ag-As sulphides with
    underlying Cu-Au-Ag (low As) sulphide mineralization in skarn and breccia

          First 19 Regulus 12 drill holes at AntaKori have reported following highlights:     

                184 m with 1.54% copper and 1.05 g/t gold in initial Regulus drill hole

                Subsequent holes include multiple strongly mineralized intercepts including:

    • Interval of 524 m with 0.65% copper, 0.47 g/t gold, 7.9 g/t silver
    • Interval of 327 m with 0.91% copper, 0.44 g/t gold, 9.8 g/t silver

                 Recently reported best holes to date including:

    • AK-18-014 – 714 m with 0.68% Cu, 0.38 g/t Au and 7.6 g/t Ag (1.02% CuEQ)
    • AK-18-015 – 396 m with 0.59% Cu, 0.46 g/t Au and 14.7 g/t Ag (1.05% CuEQ)
    • AK-18-016 – 137 m with 2.50% Cu, 1.62 g/t Au and 10.6 g/t Ag (3.75% CuEQ)
  • Drilling continues with target for presentation of revised 43-101 mineral resource estimate by early Q1 2019           

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