Regal Resources Inc RGARF

Letter of Intent - 7.5 Million in Funding

[gameofbones]

Vancouver B.C., May 19, 2015 - Regal Resources Inc. (RGR.CSE) (the "Company" or "Regal") is pleased to announce that it has entered into a letter of intent with Mansa Equity Partners, LLC ("Mansa"), whereby Mansa has agreed in principle to invest $7.5 million U.S. for a 20% direct interest in the Company's Patagonia/Sunnyside Project (the "Project"). Regal expects to use the net proceeds primarily to repay outstanding debt and to advance the exploration program at the Project. The proposed transaction is subject to completion of comprehensive due diligence, execution of a definitive documentation, Board and regulatory approvals and other customary closing conditions.