Regency Gold Corp. is issuing this comprehensive news release to update and expand on its news release of January 10, 2020, regarding its definitive option agreement dated January 6, 2020, as amended January 27, 2020, with Benton Resources Inc. in connection with the acquisition by the Company of, subject to the satisfaction of certain conditions precedent, an option to acquire a 100% right, title and interest in the Escape Lake Property (the "Escape Lake Property") and the right to acquire 100% of Panoramic Resources Inc.'s indirect subsidiary, Panoramic PGMs (Canada) Ltd. Following the completion of the Offering, the current Board of Directors and management of Regency, with the exception of Kelsey Chin, CPA, CA, the Chief Financial Officer and Corporate Secretary of Regency, will resign and will be replaced by the persons.