REGAL RESOURCES ANNOUNCES PRIVATE PLACEMENT OFFERING

Regal Resources Inc. will conduct a non-brokered private placement of up to 10 million units at a price of 10 cents per unit for total gross proceeds of up to $1-million. Each unit will consist of one common share in the capital of the company and one-half of one non-transferable share purchase warrant. Each whole warrant will entitle the holder thereof to acquire one additional common share of the company at a per-share price of 20 cents for a period of one year from the date of closing of the offering. Shares acquired by the placees and shares, which may be acquired upon the exercise of the share purchase warrants, will be subject to a hold period of four months and one day from the date of closing of the offering.

Funds raised by this private placement will be used by Regal to finance a proposed drill program on its Patagonia (Sunnyside) project and for general corporate purposes.

Finders' fees on terms yet to be determined may be paid to persons who introduce subscribers to Regal.

We seek Safe Harbor.