| August 29, 2008 Regency Gold and Sirius Exploration Terminate Property Purchase Agreement | |
| Regency Gold Corp. ("Regency") - TSX-NEX: RAU.H and Sirius Exploration LLC have agreed to terminate two mineral property purchase and operating agreements dated effective March 7, 2008 and July 2, 2008 between Regency and its US subsidiary, and Sirius and its principals. As part of the termination agreement, Regency will transfer title and its rights to all of its mineral claims in Nevada to Sirius in consideration of Sirius returning all 425,000 shares previously issued to it by Regency for return to treasury and cancellation. "The Board of Directors of Regency has chosen to maintain the Company's strong capital structure and solid balance sheet rather than to pursue early stage exploration efforts on these projects," commented Bill Radvak, President & CEO of Regency. "While we maintain that these mineral prospects have strong potential, in this adverse capital market environment it is best that the Company pursue other projects, either inside or outside the mineral exploration arena." | |
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