Managing Director, Mr Jim Beyer commented: 'Regis Resources has delivered another year of solid production for FY20 and in the process generated a record net profit after tax of $200 million, a net profit after tax margin of 26% and operating cash flows of $343 million.

While delivering this record profit we also brought into production three new open pits and an underground mine. We have made significant investments to increase our mine life by way of the acquisition of nearby high potential land and stepping up our greenfields exploration efforts, while also progressing the significant and valuable McPhillamys Project.

With this solid performance we are pleased to again announce an 8 cent fully franked final dividend to bring the total dividends declared to 16 cents per share for 2020 for an impressive basic yield of 2.9% (or 4.1% grossed up)2 and, notably, bring the total dividends declared over the past seven years to almost half a billion dollars. At Regis, we continue to build on our reputation for both production growth and consistent dividend returns'.

The board of Regis Resources Limited is pleased to announce a strong full year net profit after tax of $200 million for the year ended 30 June 2020.

As a result of the ongoing strong financial performance of the Company, the Board has declared the following fully franked final dividend:

Dividend amount 8 cents per share fully franked

Ex-dividend date 25 September 2020

Record date 28 September 2020

Dividend Reinvestment Plan Election Date 29 September 2020

Payable date 16 October 2020

Regis has announced a Dividend Reinvestment Plan (DRP) which includes a 1% discount to the applicable 5-day volume weighted average price and allows existing shareholders to invest their dividends back into the Company with no fees, brokerage or other transaction costs on shares acquired under the DRP. Details of the DRP along with the DRP rules have been released in a separate announcement today. The full year dividend of a fully franked 16 cents per share represents a payout ratio of 11% of revenue and 21% of EBITDA3.

Summary of key points: Record net profit after tax of $200 million up 22% from FY19.

Commercial production achieved at the Company's first underground operation.

Fully franked dividends of $81 million paid during FY20, bring total declared dividends declared since 2013 to $488 million.

Exploration landholding in the Duketon Greenstone Belt (DGB) tripled to approximately 3,000 square kilometres covering 93% of the DGB.

Cash and bullion was $209 million as at 30 June 2020 (30 June 2019: $205 million) after the payment of $81 million in dividends, $64 million in income tax, $37 million on exploration expenditure and the following capital expenditure for future production:

$57 million in the development of pre-production assets;

$77 million on the development of existing operations and $51 million on property, plant and equipment.

Strong cash flows from operating activities of $343 million, up 25% from the previous year ($275 million).

Hedging reduced from approximately 452koz at 30 June 2019 to approximately 399koz as at 30 June 2020, with the ongoing rate of delivery currently at 20koz per quarter.

GUIDANCE FOR FY21

Regis is expecting a strong year of growth within the operations as production continues to lift in line with the targeted growth profile heading to 400,000oz pa from internal development options.

The FY21 key guidance elements are: Gold Production5 355,000 - 380,000 ounces

Contact:

Tel: +61 8 9442 2200

Fax: +61 8 9442 2290

Email: enquiries@regisresources.com

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