Regency Gold Corp. Announces Executive Appointments

Toronto, March 9, 2020 - Regency Gold Corp. (NEX: RAU.H) ("Regency" or the "Company") is pleased to announce the appointment of two new executives for the Company.

The new team members are Ms. Dawn Evans-Lamswood, P.Geo, Vice-President Exploration of the Company and Carson Phillips, M.Eng. Vice-President of Corporate Development.

"We welcome Dawn and Carson to the Regency team as we prepare for the transition to Clean Air Metals Inc. as previously announced. The change of name is subject to final shareholder approval. Dawn's technical expertise on magma conduit systems gained at Voisey's Bay and Carson's business acumen will help position the Company for success as it looks to finalize the acquisition and commence advanced exploration of the Escape Lake and Thunder Bay North palladium-platinum properties. The proposed acquisition transaction is pursuant to a Definitive Agreement with Benton Resources Inc. as previously announced," said Abraham Drost, CEO of Regency.

Brief biographies of the members of the newly appointed Executives of the Company are as follows:

Dawn Evans-Lamswood, MSc, P.Geo VP Exploration

Ms. Dawn Evans-Lamswood's career spans two decades of exploration experience exploring the Voisey's Bay district after joining the Archean Resources drilling team in 1995, immediately following the discovery of the Ovoid Zone. Her career continued in the area with Inco and its successor company Vale Inco, recently retiring with the position of Exploration Manager, Brown Field Exploration, Vale North Atlantic. Ms. Evans-Lamswood has co-authored numerous publications on the Voisey's Bay deposit and district.

Carson Phillips, M.Eng. VP Corporate Development

Carson Phillips is a mining executive with over a decade of experience with a focus on precious metals. He was also an initial founder and director of Ecuador Gold and Copper Corp. (TSXV: EGX) which was subsequently acquired by Lumina Gold Corp. (TSXV: LUM) in 2016. Carson has a degree in Business Administration from the University of British Columbia (Okanagan) as well as a degree in International Business from Hogeschool Zeeland in the Netherlands. Mr. Phillips has also completed a Master of Engineering in Mine Economics & Finance from the University of British Columbia in 2014.

ON BEHALF OF THE BOARD OF DIRECTORS

"Abraham Drost"

Abraham Drost, Chief Executive Officer of Regency Gold Corp.

For further information, please contact:

Abraham Drost
Phone: 807-252-7800
Email: adrost@cleanairmetals.ca

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Cautionary Note: The TSXV has neither approved nor disapproved the contents of this news release. The information contained herein contains "forward-looking statements" within the meaning of applicable securities legislation. Forward-looking statements relate to information that is based on assumptions of management, forecasts of future results, and estimates of amounts not yet determinable. Any statements that express predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance are not statements of historical fact and may be "forward-looking statements." Forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking statements, including, without limitation: risks related to failure to obtain adequate financing on a timely basis and on acceptable terms; risks related to the outcome of legal proceedings; political and regulatory risks associated with mining and exploration; risks related to the maintenance of stock exchange listings; risks related to environmental regulation and liability; the potential for delays in exploration or development activities or the completion of feasibility studies; the uncertainty of profitability; risks and uncertainties relating to the interpretation of drill results, the geology, grade and continuity of mineral deposits; risks related to the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses; results of prefeasibility and feasibility studies, and the possibility that future exploration, development or mining results will not be consistent with the Company's expectations; risks related to gold price and other commodity price fluctuations; and other risks and uncertainties related to the Company's prospects, properties and business detailed elsewhere in the Company's disclosure record. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements. Investors are cautioned against attributing undue certainty to forward-looking statements. These forward looking statements are made as of the date hereof and the Company does not assume any obligation to update or revise them to reflect new events or circumstances. Actual events or results could differ materially from the Company's expectations or projections.