Regulus Announces Extension to Timelines for Completion of Definitive Agreements for Antakori Copper-Gold Project, Peru

Regulus Resources Inc. (“Regulus”, REG TSX.V) announces that its
wholly owned Peruvian subsidiary, Southern Legacy Peru S.A.C., has executed extensions to the binding
Memorandum of Understanding (“MOU”) agreements executed in May 2016 with Compañía Minera Coimolache
S.A. (“Coimolache”) and Compañía Minera Colquirrumi S.A. (“Colquirrumi”) for collaborative exploration of the
AntaKori copper-gold project in northern Peru (please refer to the Regulus news release of May 18, 2016). As a
result of the extensions, the MOU terms and the timeline to complete the Coimolache Definitive Agreement have
been extended from December 31, 2016 to January 30, 2017 (30 additional days) and the MOU terms and the
timeline to complete the Colquirrumi Definitive Agreement have been extended from December 31, 2016 to March
30, 2017 (90 additional days). Read More