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Regency MinesCorporate PresentationLondon Stock Exchange AIM Listed: RGM

DisclaimerThese presentation slides (the “Slides”) do not constitute an offer to the public or an offer for sale or solicitation to purchase or subscribefor any securities of the Company and they should not be relied on in connection with a decision to purchase or subscribe for any suchsecurities. The Slides and the accompanying verbal presentation do not constitute a recommendation regarding any decision to sell or buysecurities in the Company. If any person is in doubt as to the contents of this presentation, or wishes to obtain advice as to the investmentmerits of the Company’s securities, he should seek independent advice from a person who is an authorized financial services provider.

No reliance may be placed for any purpose whatsoever on the information contained in the Slides and the accompanying verbalpresentation or the completeness or accuracy of such information. The information contained in these Slides and the accompanying verbalpresentation is in the public domain, however no representation or warranty, express or implied, is given by or on behalf of the Company,its shareholders, directors, officers or employees or any other person as to the accuracy or completeness of the information or opinionscontained in the Slides and the accompanying verbal presentation, and no liability is accepted for any such information or opinions(including in the case of negligence, but excluding any liability for fraud).

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www.regency-mines.com Regency Mines PLC : AIM RGM

Company Overview

Motzfeldt (Greenland)Niobium + Tantalum JORC Resource

Large Undeveloped Project

MambareNickel JORC Resource

162MT .94% Ni + .09% Co

Horse HillOnshore UK Oil and Gas Exploration

Weald Basin – Gatwick Airport

Westport Energy PlcCoal Bed Methane Project, Oregon, USA

Upcoming Listing in the UK


Company Overview

Coal Bed Methane and Onshore UK Oil Exploration

Oil and Gas

Nickel in PNG and Niobium/Tantalum

in GreenlandDD on Met Coal

Mining

Focus on Cash Generative Assets

with Outsized Returns

Investments

Value Creation Through Joint Ventures and

Disposals

Transactions

Strategic Areas



Investor Timeline and Key Events

Westport IPO

Westport Plc IPO Expected – London

Stock Exchange 2017

2016

Horse Hill Flow Test

Horse Hill Long Term Flow Tests

Commence

DD Period

24 th Due Diligence Period Concludes for Rosa

Met Coal Investment, USA

AGM

TBD Annual General Meeting at 1 Adam Street (WC2N 6LE)

& GASOil

Cumulative Flow Test Rate(3 zones)

1,688 BOPD

900 BOPD

One of the most exciting onshore O&G prospects in the UK – PEDL 137

RGM’s Stake3.25%

Upper Portland

Lower Portland

Lower Kimmeridge

Upper KimmeridgePrimary focus lies on Kimmeridge Limestones and Portland Sandstones

90-day extended production tests planned for early 2017

Permission sought for 2 x well drilling phase – deviated sidetrack of existing HH-1 well + HH-2

Horse Hill Overview

463 BOPD

323 BOPD

Flow Test Results By Horizon

HH-1 drilled to 2,646m to test for conventional stacked targets and a

deeper gas target

Sept 2014 Oct 2014 2015 2016 2017

HH-1 WellDrill Results

Gross Oil In PlaceInitial Flow Tests

Long Term Flow Tests

Horse Hill Timeline

Results: P50 of 3.1mmbls of gross in place hydrocarbons in

Upper Portland and 16.8mmbbls in lower

Portland

Focus shifts to Kimmeridge Clays –

8,262mmbls OIIP estimated

1,688 BOPD – highest aggregate stable dry-oil flow from any onshore

UK new field

Long-term flow tests planned for Q1

Horse Hill (PEDL 137) Ownership


UK Oil and Gas(AIM:UKOG)

Alba Mineral Resources(AIM:ALBA)

Gunsynd(AIM:GUN)

Doriemus(ISDX:DOR)

Solo Oil(AIM:SOLO)

Stellar Resources(AIM: STG)

Magellan Petroleum(NASDAQ: MPET)

3.25%

35.0%

Regency Mines(AIM:RGM)

31.2%

9.75%

1.3%

6.5%6.5%

6.5%

All Investors Except Magellan Hold Indirectly Through Horse Hill Developments Ltd

Acquiring dormant Coal Bed Methane gas project out of bankruptcy645 BCF Gas in Place 273 BCF of 2C contingent resources (recoverable)Coos Bay, Oregon, USA – 50,000 acres of lease holdWestport Plc to be listed in London at £4.8m valuation

Historic Spend of in excess of $75m on projectPre-IPO raised £650k Q3 2016IPO set to raise £2.4m Q1 2017 w/ listing on LSERaise funds appraisal program to confirm commerciality

Phased development program (Typical well costs $320k) Phase 1: 2 new wells + temporary compression facility + 5 existing wellsPhase 2: 58 new wells5 year plan - 200+ wells and 20-30 MMscf/day (3,000-5,000 boepd)

Potential for free cash flow of $24m+ in 5 years - $250m+ valuation Base case break-even of $1.0/Mscf Henry HubFirst gas in under 6 months - monthly revenue of $250kTargeting 6-7x uplift with current assets

OR, USA

RGM: £525k

~10% Stake

$20-25k to RGM


Westport Energy Plc Overview

Westport Development Potential


Local well test rate of 100Mscf/day seenMid case 500 MMscf per well ultimate recovery

5 Existing Wells

Typical Well Costs: $350k~2,500ft depth 5-10 zones

2 x New WellsPhase I

Crosses the property / ready for connectionFeeder line connects to interstate line

Coos Bay Gas Pipeline (12in)

Upper Coaledo

Two Horizons

Lower Coaledo

58 x New WellsPhase II

200 x New WellsPhase III

Local gas prices $5/Mscf – $2/Mscf premium to US Henry Hub16 year track record of premium pricing

“First Gas” Expected in Under 6 Months

IRR 55.4%

CAPEX Per Well

$320k

500MMscf ultimate recovery Peak rate of 150 Mscf/day

New Well Completed in Upper and Lower Coaledo with stimulation

Can take advantage of low drilling costs and preconstructed pads

Westport Type Well Economics – Mid Case

12

Westport Project - Well Economics


NPV10

$703k

Payout

4.4 Years

Peak Rate

150Mscf/day

Phase I (Mid Case)7 Wells1.8 BCF$8.3m Net Revenue$1.1m CAPEX$1.6m OPEXPayout in 1.7yrs

108%

58.4%

5 Year Plan (Mid Case)130 Mscf/Day$30.9m in net annual revenueIncludes Royalty, G&A, OPEXGoal is $200m valuation

200

IRR

Phase I + II (Mid Case)65 Total Wells30.8 BCF$141m Net Revenue$19.7m CAPEX$29.4m OPEXPayout in 4.4yrs

IRR

Wells

13

o US gas production continues to increaseo LNG export markets continue to grow – China, S.Korea, Japano LNG rising 6-8%pa as countries shift to lower carbon fuelso World natural gas supply should go into deficit by end of 2016

CBM Former “Miner’s Curse” now an exciting commercial success story

Dramatic Transformation10%

CBM fields usually increase to peak production after 6-18 months then decline like conventional reservoir

Production Profile

Natural Gas - Coal Bed Methane

Of US natural gas production comes from coal bed methane (CBM)

The “Fuel of the Future” – cleanest fossil fuel option available – key component of US energy supplies and world’s fastest growing major fuel

Natural Gas

Coal is both reservoir rock and source rock for methane

CBM

CO2 emissions 40-50% lower than coal and 25-35% lower than petroleum

Natural Gas

PROJECTSMINERAL

Motzfeldt – Niobum/Tantalum/REEso Expanded licence contains Motzfeldt Project – JORC Inferred Mineral Resource of 340Mt @ 120ppm Ta2O5, 4,600ppm

ZrO2, and 1,850ppm Nb2O5

o Multi-element project - niobium (Nb), tantalum (Ta), rare earth elements (REE) – significant in-situ value

o The world’s largest undeveloped niobium-tantalum deposits, only 24km to an international airport

o Acquired for nominal cost (~£2.5k) – previous operators spent several millions on exploration

o Minimal spend requirement over next 2 years


Mambare Nickel Laterite Projecto Lateritic nickel-cobalt exploration in Mambare Plateau, PNG

o Potentially one of the world’s largest single nickel laterite deposits

o Operated through a 50:50 Joint Venture between RGM and Direct Nickel Ltd (Additional 1.36% indirect stake through DNI)

o JORC compliant Mineral Resource Estimate (MRE) announced 2012− 162.5 Mt @ 0.94% Ni and 0.09% Co (combined Indicated & Inferred)− 47 MT @ 1.23% Ni and 0.08% Co

o Licensed to use the DNi Process – revolutionary technology with superior economics

Kokoda Township

Plateau

EL1390


INVESTMENTSOUR

Other Investments


1.94%

Exposure to oil and gas production + mineral exploration

Key Asset: Jupiter Mines producing manganese mine in South Africa

Gold JORC resource in KenyaIron JORC resource in Greenland

Oil Production in the USA

Red Rock Resources PLC (AIM:RRR)

Holding

75%

Investment in Nickel Processing Technology

Exposure to Planet Minerals Ltd –Gold Exploration in Africa

Partner at Mambare, PNG Nickel Project – RGM Indirect Stake 1.36%

Direct Nickel

Holding

2.71%

75%

Plan to reactivate met coal production and washing in Alabama, USA

RGM to invest £250k – for 20% interest – producing in ~ 3 months

NI 43-101 in place with proven reserves of 453,000 tons

Rosa Metallurgical Coal Project

Potential Holding

20%

Summary


Bottom of the Cycle Valuations

Diverse Asset Mix: Mining + O&G

Core Investment Holdings w/ Upside

Foundation for Outperformance

London Stock Exchange AIM listing: AIM:RGM

Share Price: 0.57p

Market Capitalisation: £1.8m

Shares in Issue: 327,384,571

Directors:Andrew Bell Chairman and CEOScott Kaintz Director and COOEdmund Bugnosen Non-Executive Director

Corporate Advisers:Nominated Adviser Beaumont Cornish LtdAuditors Chapman Davis LLPAIM Broker Dowgate Capital Stockbrokers Ltd Solicitors Ronaldsons LLP

Company Secretary: Stephen Ronaldson

Further Information

Further InformationAndrew BellChairman and CEOEmail: [email protected]

Scott KaintzDirector and COO Email: [email protected]

Registered Office:55 Gower StreetLondonWC1E 6HQ UK Incorporated in England and Wales Company No. 05227458

Business and Postal Address:Ivybridge House 1 Adam StreetLondonWC2N 6LE UK Phone: +44 (0)207 747 9960

mailto:[email protected]

mailto:[email protected]

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