LOCATION: Regent Ventures' Red Mountain Project is located in the Dawson mining district of the Yukon Territory, 50 miles east of the historic mining town of Dawson City. The property, consisting of 205 mining claims, lies within the Tintina Gold Belt.

Previous exploration work on the Red Mountain project has exceeded CDN $3.0 million. During the early 1990's, Regent Ventures completed geochemical, geological and geophysical surveys, in addition to more than 13,000 feet of drilling. These exploration programs have outlined a large open-ended, coincidental, geophysical and geochemical gold anomaly.

Most of the drilling has been in the saddle zone, a total of 41 drill holes have been completed on this zone. This zone covers a cretaceous Quartz, Monzonite stock. The gigantic stock is part of the Tombstone Plutonic suite, and similar to stocks in the Tintina Gold Belt which contains over half of the current gold resources of Alaska and the Yukon. Significant gold resources were outlined at Fort Knox (5.4 Million oz.), Donlin Creek (23 Million oz.), Pogo (5.8 Million oz.), Brewery Creek (0.85 Million oz.), Dublin Gulch (4.1 Million oz.)(Hart and others 2002).

UPDATE ON RED MOUNTAIN GOLD PROPERTY

Regent Ventures Ltd.'s 2006 exploration program on the Red Mountain property in the Yukon Territory has been completed. An airborne geophysical survey consisting of 250 kilometres of high resolution, electromagnetic and magnetic airborne surveying over the property, using a helicopter-borne VTEM system was conducted. The VTEM system provides a superior exploration depth of over 800 metres, with unparalleled resolution and depth of investigation for electromagnetic measurements. Data generated from the VTEM survey is currently being interpretated and is expected to provide additional drill targets for Tombstone Suite associated gold deposits. During the 2006 exploration season the Company also completed 5 additional diamond drill holes totaling 3900 feet. Drilling concentrated on the Saddle Zone and 50/50 Zone.

Previous drilling conducted in the Saddle zone returned several encouraging gold assay intervals. This area hosts northwest-trending tombstone suite quartz monzonite dike swarms and a related stockwork of gold-bearing calcite-rich quartz veinlets, as well as a series of mafic breccia dikes, all of which appear to have an association with the gold mineralization. Initial targets included testing of the down-dip extension of gold mineralization discovered to date.

Two diamond drill holes tested the 50/50 zone where coincident geochemical survey gold, silver, zinc and copper anomalies reflect the surface trend of the 50/50 fault zone. One drill hole was completed to the west of the Saddle Zone to test a coincident IP Survey and VTEM produced high magnetic anomaly within a surface gossan area that also was within a geochemical 100 ppb gold anomaly.

The remaining two drill holes tested the down-dip extension of the Saddle Zone Tombstone Suite intrusion dykes where previous high grade gold intercepts were encountered in past drilling. Computer compilation of all available data in the Saddle Zone area enabled the interpretation of pre-fault Tombstone Suite dyke positioning to be postulated and assisted in targeting the location of the last drill hole.

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