REG Regulus Resources Inc

Regulus Resources Inc. (TSX VENTURE:REG) is pleased to announce that the Company
has commenced the 2011 exploration program on the Rio Grande project with the
signing of four important service agreements and the start of the Quantec Titan
24 geophysics survey. The Rio Grande project, in Salta Province Argentina, is a
50/50 joint venture between Regulus and Pachamama Resources Inc. ("Pachamama")
with Regulus acting as the operator.


Rio Grande exploration program commences with the signing of four significant
service agreements:




--  Quantec Titan 24 Geophysical Survey 
--  RDI and SGS Metallurgical Test Work 
--  Wardrop Engineering, 43-101 Compliant Resource Estimate 
--  15,000 metre Boart Longyear Drilling Contract 



Wayne Hewgill President/CEO comments: "With the recent signing of these four
important service agreements, we are now in a position to re-initiate a fully
integrated exploration program on the Rio Grande project. With Quantec's Titan
24 geophysical survey now collecting data on the project, we intend to define
additional target holes for the 15,000 metre diamond drilling program to be
conducted by Boart Longyear. With Wardrop Engineering set to complete the first
43-101 compliant resource estimate on the project upon receipt of the
metallurgical test work from RDI and SGS, we will be able to quantify the
existing mineralization based on the current database of 78 drill holes. Given
the results to date, and the untested potential at depth, we believe the Rio
Grande project represents a compelling Cu-Au-Ag opportunity". 


The 2011 exploration program includes;



--  Quantec Titan 24 Geophysical Survey - Phase I of a 10 line (24,000
    metre) Quantec Titan 24 survey started on April 1, 2011 with the first
    four lines expected to be completed within two weeks with the remaining
    six lines to be completed later in May. The deep Titan 24 DCIP and MT
    geophysical survey is intended to: (a) to define drill targets below the
    current known mineralized zones, (b) define deeper drill targets within
    the large, under-explored central portion of the Rio Grande ring
    structure, and c) outline additional targets in the area of the ring
    structure that have yet to be drilled. 

--  RDI and SGS Metallurgical Test Work - The Company has shipped samples to
    two metallurgical labs for preliminary test work. RDI Laboratories in
    Denver Colorado will conduct bottle roll tests on samples for copper
    leaching and gravity gold separation in the oxide samples, as well as,
    floatation testing for sulphide samples. SGS Canada Inc. will be testing
    oxide and transitional material for gold leaching as well as SART
    (Sulphidation, Acidification, Recovery and Thickening) analysis for
    copper and cyanide recovery in the oxidized material. 

--  Wardrop Engineering, 43-101 Compliant Resource Estimate - The company
    has signed an agreement with Wardrop Engineering Inc. (a Tetra Tech
    company) to complete the first 43-101 compliant resource estimate
    utilizing the existing database of 78 drill holes and 58 trenches. This
    report is expected to be completed upon the receipt of the copper and
    gold metallurgical studies towards the end of Q2 2011. 

--  Boart Longyear Drilling Contract - Regulus and Pachamama have entered
    into a 15,000 metre drilling contract with Boart Longyear. The drill
    program, which will utilize two rigs, is scheduled to start in early
    June when the drills become available. The program is designed to test:
    (a) shallow to mid-depth (0 to 250 metre) infill and extension targets
    in areas of known mineralization, (b) mid-depth (250 to 700 metre)
    targets, and (c) deep (up to 1,500 metre) targets on the deep rooted
    porphyry Cu-Au-Ag system. 

--  Follow-up exploration on Northeast Target - The joint venture intends to
    follow-up the recently announced (March 3, 2011) gold in soil anomaly on
    the Northeast gold target located 1,500 metres to the northeast of the
    Discovery and Sofia Zones on the Rio Grande ring structure. The 2011
    work programme will include extending the soil and surface magnetic
    surveys to the east and north of the 1,000 by 400 metre, greater than 50
    ppb, gold anomaly. 



About Regulus Resources Inc.

Regulus Resources Inc. (TSX VENTURE:REG) is a mineral exploration company formed
in December 2010 in connection with the sale of Antares Minerals Inc. to First
Quantum Minerals Ltd. (FM. TSX). Regulus is currently exploring the Rio Grande
Cu-Au-Ag porphyry project in Salta Province of NW Argentina on a 50/50
joint-venture basis with Pachamama Resources Ltd.


Current Share Capital



Shares Outstanding  36,182,234 Common Shares  
Shares Fully Diluted38,772,234 Common Shares  



All of Regulus' exploration programs and pertinent disclosure of a technical or
scientific nature are prepared by, or under the direct supervision of, Wayne
Hewgill, P.Geo, and Regulus' President, who serves as the qualified person (QP)
under the definitions of National Instrument 43-101.


Certain disclosure in this release, including management's assessment of the
Company's plans and projects, constitutes forward-looking statements that are
subject to numerous risks, uncertainties and other factors that may cause future
results to differ materially from those expressed or implied. Readers are
cautioned not to place undue reliance on forward-looking statements.


Regulus' security, chain of custody and quality control is described on their
website and can be reviewed at:
http://regulusresources.com/BestPractices/SamplingMethodologies

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