• Regis Resources has decided not to counter Genesis Minerals' proposal
• Terms of Genesis' proposal do not meet Regis' value and return thresholds
• Regis to receive a break fee of approximately A$50.7 million

Regis Resources Limited (ASX: RRL) has decided not to submit a counterproposal to match the competing proposal made by Genesis Minerals Limited (ASX: GMD) to Vault Minerals Limited (ASX: VAU). The Regis Board concluded that the terms required to match the Genesis Proposal do not meet the value and return thresholds that Regis applies to all growth opportunities. Regis remains in a strong position with a debt-free balance sheet, $1.2 billion in cash and bullion, and a clear pathway of organic growth opportunities. Following the Vault Board's determination that the Genesis Proposal is superior, Regis anticipates that Vault will terminate the Scheme Implementation Deed, resulting in a break fee of approximately A$50.7 million payable to Regis.

Regis expects to receive a break fee of approximately A$50.7 million.

Regis remains focused on organic growth opportunities and maintaining its strong financial position.