Regulus Resources Completes Definitive Agreement for Antakori Copper-Gold Project, Peru

Regulus Resources Inc. (“Regulus”, REG TSX.V) is very pleased to
announce that on January 23, 2017, its wholly owned Peruvian subsidiary, Southern Legacy Peru S.A.C., finalized
the execution of a Definitive Agreement with Compañía Minera Coimolache S.A. (“Coimolache”) to allow for
collaborative exploration of the AntaKori copper-gold project in northern Peru. This Definitive Agreement is based
on the previously executed Memorandum of Understanding with the terms of the agreement remaining effectively
the same. Please refer to the Regulus news release of May 18, 2016 for a summary of the key components of the
agreement. By mutual agreement, the Memorandum of Understanding and the time frame for the completion of a
parallel definitive agreement with Compañía Minera Colquirrumi S.A. (“Colquirrumi”) have been extended to
March 30, 2017 to allow for additional legal review (as previously announced on January 3, 2017). The completion
of the Colquirrumi Agreement is required to maintain the Coimolache Agreement in good standing and both parties
are confident the agreement will be completed within the extension period. Read More