Regulus Resources Inc. is a Canadian exploration company formed in December 2010 under the directorship of the former management of Antares Minerals Inc. (Antares): John Black, Dr. Kevin B. Heather and Mark Wayne. Regulus was created through the spin-out of the Rio Grande Cu-Au project in Argentina at the conclusion of the sale of Antares to First Quantum Minerals (TSX: FM)for approximately C$650 million, primarily for the giant Haquira Cu-Mo-Au deposit in Peru. Regulus’ focus is on the AntaKori project in Northern Peru, where it drilled continuously throughout 2018. The Phase I drilling program (20,332 metres through to hole AK-18-027) was completed by October 2018 and was used to calculate the updated Resource Estimate reported on March 1, 2019. Upon conclusion of the Phase I drilling program, Regulus entered directly into the Phase 2 drilling program.