Regency Gold Corp. announced the appointment of new directors to the board and the appointment of a new executive management team for the company. The new team is comprised of Abraham Drost, Chief Executive Officer and Director, James Gallagher, Executive Chairman and Director and Dean Chambers, Director.

Ms. Kelsey Chin, will remain in her current capacity as Chief Financial Officer and Corporate Secretary of the company. In connection with the foregoing, the company announces the resignation of William Radvak as President, Chief Executive Officer and Director of the company and the resignations of Aleem Nathwani and Brian Stecyk as Directors of the company. Mr. Drost is a former President and Director of Sabina Gold and Silver Corp., former President and Director of Gold X Mining Corp.

and former CEO, and Director of Mexican Gold Corp. Mr. Drost is a former Chairman of Premier Gold Mines USA Inc. and the former CEO and founding Director of Premier Royalty Inc., prior to the sale to Sandstorm Gold Ltd. He was a former CEO and then Director of Mega Precious Metals Inc. at the sale to Yamana Gold Inc. Mr. Drost was most recently CEO and Director of Carlisle Goldfields Ltd. at the sale to Alamos Gold Inc. Mr. Gallagher was most recently the President and CEO of North American Palladium Ltd. During his 6 year tenure at NAP, Mr. Gallagher rebuilt the senior management team, introduced advanced technologies and mining methods at the Lac des Illes Mine and achieved an operational and financial turnaround that made the Lac des Illes Mine one of the largest and lowest cost underground mines in Canada, culminating in the 2019 sale of NAP for $1 billion to Impala Platinum. In 2017, Mr. Chambers retired as Executive Vice President and Chief Financial Officer at Sherritt International Corporation.

Most recently, Mr. Chambers served four years on the Board of Directors and chaired the Audit Committee of North American Palladium Ltd. leading up to its successful sale to Impala Platinum in 2019.