Regent Ventures Ltd RGVNF

RE: REV=HUGE CONFLICT OF INTEREST

[curtisprod]

Yes Redginia, There is a deadline....

December 10, 2009 Vancouver, British Columbia - Regent Ventures Ltd. ("Regent") is pleased to announce that it has entered into a letter of intent and development agreement (the "Agreement") to acquire the rights to drill three development oil wells on acreage adjacent to recently completed oil and gas production within the last two years. The property is situated in Northern Louisiana where the Company is continuing to seek additional acreage in the mature oil and gas areas of the Caddo Pine Island Field, the Monroe Gas Field, the Delhi Field and the Big Creek Field. Pursuant to the terms of the Agreement, at closing, the Company will pay the vendor $US275,000 and must incur all the drilling and development costs of the three wells to earn an 80% working interest. The property is subject to royalties and overriding royalties totalling 35% of gross revenues from production. The operator on the property is to be TerrOnne Petroleum Corporation ("TerrOnne") of Monroe, Louisiana. TerrOnne is fully licensed to carry out the necessary drilling and completion activities required to develop the property. The Agreement also provides that the first well is to be spudded and drilled on or before May 15, 2010. The commencement of drilling will be subject to the availability of drilling rigs and the suitability, due to weather conditions, of access roads to the field. The Agreement contains a force majeure clause should the Company incur delays that are beyond their control. Closing of the acquisition is to occur on or before December 16, 2009 and is subject to the approval of the TSX Venture Exchange.   Some of the additional acreage the Company is pursuing in Northern Louisiana may include wells that have been plagued with paraffin and high viscosity problems on which the Company can employ its environmentally friendly solvents to enhance production.