Regency Silver Corp. announced that the drill has arrived on site and drilling will recommence this week at its Dios Padre Property in Sonora, Mexico. The drill program is being supervised at site by Regency Silver Executive Chairman, Bruce Bragagnolo, and Director, Michael Tucker, P. Geo.

Regency anticipates drilling a minimum 3,000 metres as an initial follow up to the successful drilling program completed in August, 2022. Regency's first drill program, post IPO, included hole REG-22-01 which yielded an intercept of 4.7 g/tgold, 0.67% copper and 23 g/t silver over 53.8 metres, and included 35.8 metres of 6.84 g/t gold, 0.88% copper and 21.82 g/t silver, starting at 420 m depth down hole along with 13.97 g/t gold, 50.25 g/t silver and 1.11 % copper over 9.8 metres starting at 460.5m down hole. Drilling will focus on expanding this intersection both up and down dip as well as laterally to the east and west as the intersected mineralization is unconstrained in all directions.

The drill has in excess of a 1,000m capacity. An Induced Polarization geophysics program to provide 3D information to a depth of 800m is also scheduled to begin this week. The current drill and IP program is fully funded from the proceeds of recently completed private placement of 10,795,000 common shares at a price of $0.20 per share for gross proceeds of CAD 2,159,000.

The current drill program is scheduled to last until the middle of March, 2023. Assay results are expected to take up to four weeks from the date of delivery of material. Gold-Copper-Silver mineralization in REG-22-01 is largely breccia hosted, with sulphides (pyrite, chalcopyrite) forming the breccia matrix.

The core of the mineralized zone sits within and adjacent to a felsic intrusive body, though mineralization is present both within the felsic unit as well as the host andesites.