Vancouver, British Columbia - Regent Ventures Ltd. ("Regent") is pleased to announce that it has agreed to a $360,000 private placement of up to 6,000,000 units of its securities at a price of $0.06 per unit, each unit consisting of one flow-through common share and one non-transferable share purchase warrant, with each such warrant entitling the holder to purchase one additional nonflow- through common share of the Company at a price of $0.15 per share for one year. Should the Company's common shares trade at or above trading price of $0.20 per share for twenty consecutive trading days, the Company will have the right to issue a written notice that the Warrants will expire 30 days from providing such notice. The proceeds from the private placement will be used for exploration of the Company's Red Mountain Property, located in the Yukon Territory, to follow-up on the recommendations of the Company's geological consultants, FPC Geoconsulting Inc., derived from their interpretation of
the results from the Company's previously conducted geophysical, geochemical and drilling programs in light of new understandings of the geology of the area.

The private placement is subject to acceptance for filing by the TSX Venture Exchange.

REGENT VENTURES LTD.

Per: "Richard Wilson"

Richard Wilson, President

Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or the accuracy of this release.