$20 MILLION ALLOCATED IN SUBSCRIPTION RECEIPT FINANCING

Pachamama Resources Ltd. (?Pachamama?, PMA TSX.V) is pleased to announce that Regulus Resources Inc. ("Regulus", REG TSX.V) has allocated its previously announced subscription receipt financing (the ?Offering?) for the base amount of $20 million.  The terms of the Offering remain as disclosed in Regulus' and Pachamama?s joint press release dated February 8, 2012.

Closing of the Offering is anticipated to occur on or about March 6, 2012 (the ?Closing Date?) and is subject to certain customary conditions and regulatory approvals, including approval of the TSX-V as well as the successful completion of the previously announced merger with Regulus. Proceeds from the Offering will be placed in escrow on closing and will be released upon closing of the merger.

Certain members of the management team of Regulus have subscribed for approximately 6% of the Offering and First Quantum Minerals Ltd. has subscribed for that number of units to hold approximately 9.9% of Regulus following the merger.

The Offering is being conducted by a syndicate of agents led by Dundee Securities Ltd. and including Axemen Resource Capital and Stifel, Nicolaus & Company Incorporated. In connection with this Offering, Regulus has agreed to pay to the agents a cash commission equal to 5% of the gross proceeds raised and broker warrants equal to 5% of the number of securities sold under the Offering.