Regency Silver Drills Third Hole into Broad Zones of Sulphide-Specularite Bearing Mineralization Drilling Ongoing

Rhea-AI Summary

Regency Silver (OTCQB: RSMXF) reports that hole REG-26-28 at the Dios Padre project (Sonora, Mexico) intersected broad sulphide-specularite mineralization from ~430m to ~540m, with a chalcopyrite-pyrite-specularite breccia from ~500m to ~535m.

The core breccia lies ~180m south of previous breccia in REG-25-25; analytical assays for 2025–2026 holes are pending.

Positive

• Broad mineralization intersected from ~430m to ~540m in REG-26-28
• Core breccia with chalcopyrite, pyrite and specularite from ~500m to ~535m
• Continuity indicated: core breccia ~180m south of REG-25-25 breccia

Negative

• No analytical assay results yet for 2025 or 2026 drill intervals, leaving assay quality uncertain
• Qualified Person who reviewed technical information is a company director and not independent

Vancouver, British Columbia--(Newsfile Corp. - February 4, 2026) - Regency Silver Corp. (TSXV: RSMX) (OTCQB: RSMXF) (FSE: ZJ90) ("Regency Silver" or the "Company") is pleased to announce that the second hole of its ongoing 2026 drill program at its Dios Padre project in Sonora, Mexico has intersected sulphide-specularite bearing breccia and vein-infill in multiple zones across a broad interval (Figure 1). Hole REG-26-28 was drilled ~75m below Hole REG 25-26 and intersected broad mineralization from ~430m to ~540m. A breccia zone with chalcopyrite, pyrite and specularite with intense silica-sericite alteration is intersected from ~500m to ~535m. The core zone is ~ 180m to the south of a similar breccia intersected in REG-25-25 (See news release dated December 8, 2025). Previously drilled holes REG-23-21 yielded 38m of 7.36 g/t gold, REG-22-01 yielded 35.8 metres of 6.84 g/t gold, 0.88% copper and 21.82 g/t silver, and REG-23-14 yielded 29.4 m of 6.32 g/t gold.

"The visual results from REG-26-28 further demonstrate the continuity and scale of the Dios Padre breccia system. Intersecting multiple zones of sulphide-specularite mineralization at depth strengthens our confidence that this system widens below historic workings. These observations continue to support the significant upside potential of the project as we advance our 2026 drill program" said Bruce Bragagnolo, CEO.

We currently do not have analytical results for the intervals from the 2025 or 2026 drill programs, so there is no assurance when comparing the potential assay quality of these intersections to REG-22-01, REG-23-14 and REG-23-21. However, in terms of geology, alteration, mineral species and abundance, the zones appear to compare favorably. For comparative purposes, mineralized intervals and their corresponding assays can be found in press releases dated January 8, 2026, February 23, 2023 and November 2, 2023.

Technical Information

The technical information contained in this news release has been reviewed by Michael Tucker, P. Geo, who is recognized as a Qualified Person under the guidelines of National Instrument 43-101. Mr. Tucker is also a director of the Company and for that reason is not considered independent. Mr. Tucker has read and approved the technical contents of this news release.

ABOUT REGENCY SILVER CORP.

Regency Silver Corp. is a Canadian resource company exploring for high grade gold, copper, and silver in Mexico. Regency Silver is led by a team of experienced professionals with expertise in both exploration and production. Regency's flagship project is the high-grade Dios Padre project in Sonora, Mexico where Regency has made a large, high grade, gold-copper-silver discovery which appears to be a large magmatic-hydrothermal system which widens at depth. Drill results have included 38 metres of 7.36 g/t gold in hole REG-23-21, 36 metres of 6.84 g/t gold, 0.88% copper and 21.8 g/t silver in hole REG-22-01, and 29.4 m of 6.32 g/t gold in hole REG-23-14.

Contact Information

Regency Silver Corp.

Bruce Bragagnolo, Chief Executive Officer
(604) 417-9517
Email: bruce@regency-silver.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Note Regarding Forward-Looking Statements: This news release includes certain forward-looking statements and forward-looking information (together, "forward-looking statements"). All statements other than statements of historical fact included in this release, including, without limitation, statements regarding the Dios Padre Project by the Company. There can be no assurance that such statements will prove to be accurate and actual results and future events may vary from those anticipated in such statements. Important risk factors that could cause actual results to differ materially from the Company's plans or expectations include the risk that regulatory changes, fundraising, and risk associated with mineral exploration, including the risk that actual results of exploration will be different from those expected by management. The forward-looking statements in this news release were developed based on the expectations of management that conditions will be satisfied, required fundraising will be completed and the other risks described above will not materialize. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as otherwise required by applicable securities legislation.

Figure 1: Selection of photographs of the sulphide-specularite infilled breccias from REG-26-28.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/12067/282783_320c67c2b47fa8ba_002full.jpg

Figure 2: Plan map with hole traces for current and historic holes. Dios Padre deep breccia in red is projected vertically to surface. Red trace on REG-26-28, REG-26-27, and REG-25-26 is the vertical projection of the non-continuous zone of sulphide-specularite mineralization to surface.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/12067/282783_320c67c2b47fa8ba_003full.jpg

Figure 3: 3D slice through the Dios Padre drilling area looking west. Dios Padre breccia zone (Red- projected) and the drill hole traces with block model and historic mine workings of historic silver mine. Red bars on drill traces indicate broad zones of non-continuous sulphide-specularite mineralization.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/12067/282783_320c67c2b47fa8ba_004full.jpg

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/282783

FAQ

What did Regency Silver announce about hole REG-26-28 at Dios Padre (RSMXF) on February 5, 2026?

REG-26-28 intersected broad sulphide-specularite mineralization from ~430m to ~540m, with a breccia zone ~500m–535m. According to the company, the core breccia lies about 180m south of a similar breccia in REG-25-25, suggesting continuity.

Has Regency Silver released assay results for the 2025–2026 Dios Padre drill holes (RSMXF)?

No, analytical assay results for the 2025 and 2026 drill programs are not yet available. According to the company, visual geology compares favorably to prior high-grade holes but assays are pending.

How does the REG-26-28 intersection compare to previous high-grade holes at Dios Padre (RSMXF)?

Visually, REG-26-28 shows similar alteration and mineral species to prior holes such as REG-23-21 and REG-22-01. According to the company, direct assay comparisons cannot be made until analytical results are returned.

What mineralization and alteration were observed in REG-26-28 at Dios Padre (RSMXF)?

Observers noted chalcopyrite, pyrite and specularite within a silica-sericite altered breccia interval. According to the company, these features occur primarily between ~500m and ~535m in REG-26-28.

What are the next steps for Regency Silver's 2026 drill program at Dios Padre (RSMXF)?

Drilling is ongoing while assays are processed for recent holes to confirm grades and continuity. According to the company, results from the lab will determine follow-up drilling and targeting decisions.