VANCOUVER, British Columbia, April 03, 2017 (GLOBE NEWSWIRE) -- Regulus Resources Inc.
("Regulus") (TSX-V:REG) is very pleased to announce that its wholly owned Peruvian subsidiary, Southern Legacy Peru
S.A.C., has finalized the execution of a Definitive Agreement with Compañía Minera Colquirrumi S.A. (“Colquirrumi”) to allow for
an increase in the total area of the AntaKori copper-gold project in northern Peru. The agreement provides Regulus an option
to earn-in to up to a 70% interest in a large area (2,571 ha) of Colquirrumi mining concessions located immediately to the north
and east of its AntaKori mining concessions and also provides Colquirrumi with an option to claw-back to a 70% interest. 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 other key components of the
agreement.
John Black, Chief Executive Officer of Regulus, commented as follows: “The completion
of this agreement, in conjunction with the previously announced Coimolache agreement, has notably increased the footprint of the
AntaKori project and gives us room to conduct exploration much more efficiently. The currently known AntaKori copper-gold
sulphide mineralization will likely extend onto portions of the Colquirrumi ground and we believe there is also potential for the
discovery of additional satellite zones of mineralization. We look forward to commencing exploration in this area.”
About Regulus Resources Inc.
Regulus Resources Inc. is an international mineral exploration company run by an experienced technical and
management team, with a portfolio of precious and base metal exploration properties located in North and South America. For further
information on Regulus Resources Inc., please consult our website at www.regulusresources.com .
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies
of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward Looking Information
Certain statements regarding Regulus, including management's assessment of future plans and operations, may
constitute forward-looking statements under applicable securities laws and necessarily involve known and unknown risks and
uncertainties, most of which are beyond Regulus' control. Often, but not always, forward-looking statements or information
can be identified by the use of words such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled",
"estimates", "forecasts", "intends", "anticipates" or "does not anticipate" or "believes" or variations of such words and phrases
or statements that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be
achieved.
Specifically, and without limitation, all statements included in this press release that address activities,
events or developments that Regulus expects or anticipates will or may occur in the future, including the proposed
exploration and development of the AntaKori project described herein, and management's assessment of future plans and
operations and statements with respect to the completion of the anticipated exploration and development programs, may constitute
forward-looking statements under applicable securities laws and necessarily involve known and unknown risks and uncertainties, most
of which are beyond Regulus' control. These risks may cause actual financial and operating results, performance, levels of
activity and achievements to differ materially from those expressed in, or implied by, such forward-looking statements.
Although Regulus believes that the expectations represented in such forward-looking statements are reasonable, there can be no
assurance that such expectations will prove to be correct. The forward looking statements contained in this press release
are made as of the date hereof and Regulus does not undertake any obligation to publicly update or revise any forward-looking
statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable
securities law.
For Further Information, please contact: Regulus Resources Inc. John E. Black, CEO / Director Phone: +1 303 618-7797 mobile +1 720 514-9036 office Email: john.black@regulusresources.com