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REGIS RESOURCES LTD

MARCH 2016 QUARTERLY REPORT

& EXPLORATION UPDATE

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DISCLAIMER & COMPETENT PERSONS2

STATEMENT

This presentation contains only a brief overview of Regis Resources Limited and its associated entities ("Regis or RRL") and their respective activities and operations. The contents of this presentation, including matters relating to the geology of Regis' projects, may rely on various assumptions and subjective interpretations which it is not possible to detail in this presentation and which have not been subject to any independent verification.

This presentation contains a number of forward-looking statements. Known and unknown risks and uncertainties, and factors outside of Regis' control, may cause the actual results, performance and achievements of Regis to differ materially from those expressed or implied in this presentation. To the maximum extent permitted by law, Regis does not warrant the accuracy, currency or completeness of the information in this presentation, nor the future performance of Regis, and will not be responsible for any loss or damage arising from the use of the information. The information contained in this presentation is not a substitute for detailed investigation or analysis of any particular issue. Current and potential investors and shareholders should seek independent advice before making any investment decision in regard to Regis or its activities.

The information in this presentation that relates to Exploration Results is extracted from ASX announcements released 14 January 2016 entitled "Exploration Update & Baneygo Resource"; 14 March 2016 entitled "Further High Grade Results Extend Tooheys Well Gold Deposit and Point to Fresh Rock Potential" and 15 April 2016 entitled "Quarterly Report to 31 March 2016" and for which Competent Person's consents were obtained. The Competent Person's consents remain in place for subsequent releases by the Company of the same information in the same form and context, until the consent is withdrawn or replaced by a subsequent report and accompanying consent.

The information in this presentation that relates to Mineral Resources or Ore Reserves is extracted from the Mineral Resource and Ore Reserve Statement released to the Australian Securities Exchange (ASX) on 16 July 2015 and the ASX announcement on 14 January 2016 entitled "Exploration Update & Baneygo Resource" and the ASX announcement on 14 March 2016 entitled "Maiden Ore Reserves at Gloster and Baneygo Extend Duketon Mine Life" and for which Competent Person's consents were obtained. The Competent Person's consents remain in place for subsequent releases by the Company of the same information in the same form and context, until the consent is withdrawn or replaced by a subsequent report and accompanying consent.

The Company confirms that it is not aware of any new information or data that materially affects the information included in the original ASX announcements released on 16 July 2015, 14 January 2016, 14 March 2016 and 15 April 2016 and, in the case of estimates or Mineral Resources or Ore Reserves, that all material assumptions and technical parameters underpinning the estimates in the original ASX announcements continue to apply and have not materially changed. The Company confirms that the form and context in which the Competent Person's findings are presented have not been materially modified from the original ASX announcement.

ASX announcements are available on the Company's website at www.regisresources.com.au

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REVIEW OF FY2016 Q3 OPERATIONS3

PRODUCTION AT UPPER END OF GUIDANCE & DELIVERING STRONG CASHFLOW

OPERATIONS

• Q3 production 75,656 ounces

  • Run rate at upper end of FY2016 guidance of 275-305koz

  • Fourth consecutive quarter of production above 75koz

  • Fourth consecutive quarter of increased production

• Q3 throughput, recovery & grade consistent with H1 Q3 and YTD reconciliation to reserve positive

  COSTS

  Q3 cash costs $696/oz - ↓9%(Q2: $789/oz)

  • Unit cost efficiencies

    • Moolart Well mining contract extension negotiation

    • Fall in diesel price

    • Fall in milling reagent costs

    • RMT cutback excluded

      Q3 AISC $856/oz - ↓7%(Q2: $918/oz)

    • Below lower end of FY16 guidance of $970 - $1,070/oz

    • Fourth consecutive quarter of reduced costs

      OPERATING CASH-FLOW

      Q3 operating cashflow $56.5m ↑13%(Q2: $49.8m)

    • Lower costs per above & delivered gold price ↑5%at A$1,638/oz (Q2: A$1,567/oz)

1 AISC calculated on a per ounce of production basis

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DUKETON OPERATIONS