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Regulus Reports 171.95 m of 0.67 % CuEq (1.30% CuEqZ including Zn) From New Area

Globe Newswire - Thu Aug 4, 2022

Vancouver, British Columbia, Aug. 04, 2022 (GLOBE NEWSWIRE) -- Regulus Resources Inc. ("Regulus" or the "Company", TSX-V: REG, OTCQX: RGLSF) is pleased to report the results from drill holes AK-22-048, AK-22-049, AK-22-050 and AK-22-051 from the AntaKori copper-gold project in Peru. The goal of holes AK-22-048 and AK-22-049 was to fill-in a gap in the drilling for an eventual resource update and obtain additional information on the higher-grade breccia mineralization encountered in nearby drill holes. Hole AK-22-050 was designed to drill above hole AK-22-047 (see press release dated May 26, 2022) and provide additional information for an eventual resource update. Hole AK-22-051 was designed to test a previously untested area to the west of the known mineralization. Hole AK-22-051 was drilled to a depth of 1,001.50 m and intercepted several runs of attractive grade mineralization and extended the mineralized footprint significantly to the west, opening a new area for additional drilling. Hole AK-22-050 was drilled to a depth of 530.30 m and intercepted a significant run of attractive grade mineralization confirming the continuity of mineralization previously reported in hole AK-22-047. Hole AK-22-048 was drilled to a 1,273.55 m depth, while hole AK-22-049 crossed the boundary of the Company’s claims at approximately 1,360 m depth and was stopped shortly thereafter. Both holes hit runs of moderate grade mineralization, however the most encouraging information from these holes is that they both intercepted numerous well mineralized porphyry dykes, indicating the presence of a nearby porphyry system.

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