Regulus Announces US$5.0 M Investment From Osisko Gold Royalties

VANCOUVER, British Columbia, Oct. 14, 2022 (GLOBE NEWSWIRE) -- Regulus Resources Inc. ("Regulus" or the "Company", TSX-V: REG, OTCQX: RGLSF) is pleased to announce the completion of a US$5 million investment (the “Investment”) from Osisko Gold Royalties (“Osisko”) in exchange for a net smelter return (“NSR”) ranging from 0.125% to 1.5% on certain claims of the Company’s AntaKori project (“AntaKori”), as well as a right (currently held by Regulus) to buy-back a 1% NSR from a third party on certain claims of AntaKori. Proceeds from the Investment will be used for exploration activities at AntaKori and for general corporate purposes. This Investment is the second completed by Osisko on the AntaKori project. The first was the strategic partnership between Regulus and Osisko announced on October 1, 2020 (the “Strategic Partnership”).

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