Regal announces additional Units released from escrow



    
    /NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE
    U.S./

    TRADING SYMBOL - REG
    

    CALGARY, April 1 /CNW/ - Regal Energy Ltd. ("Regal" or the "Corporation")
is pleased to announce that as set out in its press release dated March 31,
2009, closing with respect to an additional 30,130,000 Units has occurred. The
Units were issued at a price of $0.05 per Unit for gross proceeds of
$1,506,500, resulting in an aggregate of 277,500,000 Units being issued under
the private placement for gross proceeds of $13,875,000. All Units are subject
to a hold period expiring on August 1, 2009.
    Regal Energy Ltd. is a junior Canadian energy company engaged in the
exploration, acquisition, development and production of crude oil and natural
gas in western Canada. Regal's main areas of focus currently are the Bakken
oil play at Roncott, Saskatchewan, the Garrington natural gas property located
in west central Alberta, the Eight Mile natural gas property located in
northeast British Columbia and the Windfall property in Alberta. Regal is
listed on the TSX Venture Exchange under the symbol "REG".

    This news release will not constitute an offer to sell or the
solicitation of an offer to buy the securities in any jurisdiction. Such
securities have not been registered under the United States Securities Act of
1933 and may not be offered or sold in the United States, or to a U.S. person,
absent registration, or an applicable exemption therefrom.

    Advisory Respecting Forward-Looking Statements:

    This news release contains certain forward-looking information and
statements within the meaning of applicable securities laws. The use of any of
the words "expect", "anticipate", "continue", "estimate", "objective",
"ongoing", "may", "will", "project", "should", "believe", "plans", "intends",
"confident", "might" and similar expressions are intended to identify
forward-looking information or statements. In particular, but without limiting
the foregoing, this news release contains forward-looking information and
statements pertaining to: (i) completion of the private placement including
Regal's ability to raise capital and its ability to obtain all necessary
regulatory relief from applicable securities regulatory authorities, including
the TSX Venture Exchange; (ii) the appointment of the New Management, and
(iii) other expectations, beliefs, plans, goals, objectives, assumptions,
information and statements about possible future events, conditions, results
of operations or performance. Various assumptions were used in drawing the
conclusions or making the projections contained in the forward-looking
statements throughout this news release.
    The forward-looking information and statements included in this news
release are not guarantees of future performance and should not be unduly
relied upon. Forward-looking statements are based on current expectations,
estimates and projections that involve a number of risks and uncertainties,
which could cause actual results to differ materially from those anticipated
and described in the forward-looking statements. Such information and
statements involve known and unknown risks, uncertainties and other factors
that may cause actual results or events to differ materially from those
anticipated in such forward-looking information or statements.
    The foregoing list of assumptions, risks and uncertainties is not
exhaustive. The forward-looking information and statements contained in this
news release speak only as of the date of this news release, and Regal assumes
no obligation to publicly update or revise them to reflect new events or
circumstances, except as may be required pursuant to applicable securities
laws.

    
    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.
    

    %SEDAR: 00023201E




For further information:

For further information: Hugh G. Ross, President and CEO, Telephone:
(403) 263-4310, Fax: (403) 263-4368; Ketan Panchmatia, VP Finance and CFO,
Telephone: (403) 263-4310,  Fax: (403) 263-4368

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