Regent Ventures Ltd RGVNF

UPDATE ON OWYHEE PROPERTY DRILLING

[d22j]

Regent drills 5 ft of 6.39 g/t Au, 120 g/t Ag at Owyhee 2007-07-04 16:50 ET - News Release Mr. Douglas Eacrett reports UPDATE ON OWYHEE PROPERTY DRILLING PROGRAM Regent Ventures Ltd. has now received the results of the drilling portion of the exploration program carried out on its Owyhee property near Mountain City, Nev. The property is situated on the Independence trend 85 miles north of Elko, Nev., and 40 miles north of the Jerrit Canyon mine. The drilling program consisted of seven reverse circulation drill holes comprising a total of 4,180 feet of drilling. The drilling program confirmed the occurrence of gold and silver mineralization along strike and at depth on the historic Protection vein zone. The Protection vein zone was traced by drilling and trenching over a strike length of 2,500 feet both near surface and at depth. The Owyhee vein zone is open to the northwest of the Protection vein for 2,300 feet. Drilling results are as follows. Drill From To Au Ag hole (feet) (feet) g/t g/t ORH2v 40 45 1.988 >120 45 50 0.144 52.2 190 195 3.414 51.1 The remaining 21 samples tested for this hole all yielded gold values of less than 0.1 g/t and silver values of 20 g/t or less. ORH2A 50 55 0.180 4.60 80 85 0.256 2.00 90 95 1.684 9.60 95 100 0.160 1.20 The remaining seven samples tested for this hole all yielded gold values of less than 0.1 g/t and silver values of 3.90 g/t or less. ORH2B All 33 samples tested for this hole yielded gold values of less than 0.04 g/t and silver values of 5.60 g/t or less. ORH3 All 17 samples tested for this hole yielded gold values of less than 0.08 g/t and silver values of 2.60 g/t or less. ORH4 5 10 0.340 25.9 20 25 0.111 0.70 25 30 0.282 20.8 35 40 0.105 1.80 55 60 6.390 34.9 60 65 3.489 21.6 65 70 1.688 7.20 70 75 0.192 0.70 75 80 0.142 1.30 The remaining 31 samples from this hole yielded gold values of less than 0.09 g/t and silver values of 5.80 g/t or less. ORH5 5 10 0.113 1.50 10 15 0.313 31.8 15 20 0.400 43.4 215 220 0.149 16.3 220 225 0.203 21.8 The remaining 16 samples from this hole yielded gold values of less than 0.07 g/t and silver values of 17.5 g/t or less. The mineralized zones are nearly a mile in length and remain open. Gold mineralization within the zones typically is granite-hosted and consists of multiple, subvertical 5-to-10-foot-wide zones grading between 0.10 and 6.0 g/t gold. The exploration program was laid out by Jim Nyrehn, geologist, and overseen by the company's qualified person, Richard Addison, PEng, who has reviewed and approved this release. Lang drilling, a division of Boart Longyear, was the drilling contractor.