Vancouver, British Columbia ( May 26, 2010) - Regent Ventures Ltd. ("Regent") is pleased to announce that it has closed its $360,000 private placement, announced March 26, 2010, 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 non-flow-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 shares comprised in the 6,000,000 units and any shares underlying the warrants comprised in the units are subject to a hold period and may not be traded until September 13, 2010.

Related Party Matters

336,667 units of the Offering have been subscribed for by related parties of the Company. Richard Wilson, President and a director of the Company, has subscribed for 170,000 units, increasing his share holdings to 3,193,136 shares or 4.19% of the issued shares of the Company (3,363,136 or 4.09% if all warrants exercised) and Douglas Eacrett, CFO and a director of the Company, has subscribed for 166,667 units, increasing his share holdings to 483,667 shares or 0.64% (650,334 or .79% if all warrants exercised) of the issued shares of the Company. The private placement was approved unanimously by the two Directors not participating in the placement, Mr. Wilson and Mr. Eacrett disclosing their interest and abstaining from voting with respect thereto.

For related party transactions, Multilateral Instrument 61-101 of the Ontario Securities Commission (the "Instrument"), which has been adopted by the TSX Venture Exchange, in Part 5 -  Related Party Transactions, sets out requirements for a formal valuation and minority shareholder approval for such transactions and also provides certain exemptions from these requirements. For this private placement, the Company is relying on the exemptions provided in subsection 5.5(a) of the Instrument with respect to the formal valuation requirement and paragraph 5.7(1)(a) with respect to the minority shareholder approval requirement of the Instrument on the basis that the fair market value of the related party portion of the transaction is less than 25% of the market capitalization of the Company.

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.