REG TECHNOLOGIES INC.
#240 – 11780 Hammersmith Way
Richmond, BC V7A 5E9
Phone: 604-278-5996 Fax: 604-278-3409
Toll Free: 800-665-4616
www.regtech.com
NEWS RELEASE
Reg Technologies Inc. (“Reg” or “RRE.V” or “REGRF”)
REG TECHNOLOGIES INC. ANNOUNCES SILVERKNIFE
CLAIMS DISPUTE RESOLVED
For Immediate Release: December 21, 2010, Vancouver, BC – Reg Technologies Inc. (TSX
Venture Exchange: RRE.V, OTC BB: REGRF) is pleased to announce that the Company and
Rapitan Resources Inc. ("Rapitan") have signed an agreement, dated December 16, 2010,
wherein both parties confirm that there are no further disputes regarding ownership of the
Silverknife Claims 1 & 2 ("the Property"). Rapitan has sold its 25% interest in the Silverknife
property to Minewest Silver and Gold Inc., which is the subsidiary company of Reg Technologies
Inc.
Minewest Silver and Gold Inc. will now own a 70% working interest in the Silverknife 1 & 2,
subject to a 10% net smelter return. Teryl Resources Corp. will own a 10% net profit interest, and
a 30% working interest that is subject to a one percent (1%) net smelter return. Reg
Technologies Inc. is retaining a 5% net profit interest in the Property. A one percent (1%) NSR is
payable to SMR in relation to the Silverknife Property.
ABOUT SILVERKNIFE 1 & 2
The property lies on the northeastern flank of the Cassiar Mountains. The terrain of the area is
moderately mountainous, with rounded peaks and ridges separated by broad U-shaped valleys.
Property elevations range from 1,050 m ASL to 1,660 ASL. Roughly 20% of the property is
above tree line, which is at approximately 1,450 m ASL.
The Silverknife Property is contiguous to Silvercorp’s Silvertip silver-lead-zinc deposit which lies
less than one (1) km from the Property boundary. Silvercorp has been active in the past two (2)
years exploring and re-evaluating the Silvertip Property towards the initiation of mining
operations. Recently, Silvercorp opened up a 50 man camp on the Silvertip Property and has
announced plans to apply for a Provincial Small Mine Permit for an underground mining operation
with a capacity of under 75,000 tonnes per year and all ancillary dewatering and related permits.
Exploration diamond drilling from 10,000-20,000 meters is currently underway on the Silvertip
Property.
The Silverknife mineral claims have been held continuously since they were staked in 1983 and
are held in trust by Reg Technologies Inc. Through a series of Property agreements, Minewest
holds a 70% working interest, subject to a 10% net smelter return, in the Property. Teryl
Resources Corp. holds 30% working interest, and a 10% NPI in the Property. Reg Technologies
Inc. is retaining a 5% net profit interest in the Property. A one percent (1%) NSR is payable to
SMR in relation to the Silverknife Property.
The Silverknife property was worked extensively from 1984 through 1988 including geochemical
soil sampling, VLF-EM surveys, Induced Polarization surveys and diamond drilling (totaling over
4,400 meters). These projects located geochemical and geophysical anomalies considered high
priority exploration targets as well as generated drill assay results from trace up to 4.2 meters of
29.3 oz/ton silver, 16.5 percent lead and 7.1 percent zinc (Hole 85-21). Sphalerite, galena and
pyrite within these mineralized sections are associated with tan coloured siderite which has been
interpreted as associated with the higher grade intersections.
Qualified Person
Paul Gray, P. Geo., Province of British Columbia Licensed Geologist No. 29833 of Vancouver,
B.C., who is independent of the Company as defined in NI43-101. Paul Gray is a Qualified
Person as defined in NI 43-101 and also qualifies under the rules stated by the U.S. Securities
and Exchange Commission (“SEC”), and has verified the data contained in this news release for
accuracy.
ABOUT REGI U.S., INC. AND REG TECHNOLOGIES INC.
Reg Technologies Inc. and REGI U.S., Inc. are developing for commercialization an improved
axial vane type rotary engine known as the Rand Cam™/RadMax™ rotary technology used in the
revolutionary design of lightweight and high efficiency engines, compressors and pumps. The
RadMax™ engine has only two unique moving parts, the vanes (up to 12) and the rotor,
compared to the 40 moving parts in a simple four-cylinder piston engine. This innovative design
makes it possible to produce up to 24 continuous power impulses per one rotation that is
vibration-free and extremely quiet.
The RadMax™ engine also has multi-fuel capabilities
allowing it to operate on fuels including gasoline, natural gas, hydrogen, propane and diesel.
REGI U.S., Inc. and its parent company, Reg Technologies Inc., and REGI U.S., Inc. have
completed the design phase and is awaiting funding to commence the fabrication phase. For
more information, please visit www.regtech.com .
ON BEHALF OF THE BOARD OF DIRECTORS
Reg Technologies Inc.
"John Robertson"
John Robertson
President
Contacts:
Reg Technologies Inc.
John Robertson, 1-800-665-4616
READER ADVISORY
Statements in this press release regarding the business of Reg Technologies Inc. and REGI U.S, Inc. (together the
“Companies’”) which are not historical facts are "forward-looking statements" that involve risks and uncertainties, including
management's assessment of future plans and operations, and capital expenditures and the timing thereof, certain of
which are beyond the Companies' control. There can be no assurance that such statements will prove accurate, and
actual results and developments are likely to differ, in some case materially, from those expressed or implied by the
forward-looking statements contained in this press release. Readers of this press release are cautioned not to place
undue reliance on any such forward-looking statements.
Forward-looking statements contained in this press release are based on a number of assumptions that may prove to be
incorrect, including, but not limited to: the impact of competitive products and pricing, the Companies' dependence on third
parties and licensing/service supply agreements, and the ability of competitors to license the same technologies as the
Companies or develop or license other functionally equivalent technologies; financing requirements; changes in laws,
rules and regulations applicable to the Companies and changes in how they are interpreted and enforced, delays
resulting from or inability to obtain required regulatory approvals and ability to access sufficient capital from internal and
external sources, the impact of general economic conditions in Canada, and the United States, industry conditions,
increased competition, the lack of availability of qualified personnel or management, fluctuations in foreign exchange,
stock market volatility and market valuations of companies with respect to announced transactions. The Companies’
actual results, performance or achievements could differ materially from those expressed in, or implied by, these forward-
looking statements, including those described in Reg Technologies’ financial statements, management discussion and
analysis and material change reports filed with the Canadian Securities Administrators and available at www.sedar.com,
and its Form 20-F filed with the United States Securities and Exchange Commission at www.sec.gov, and REGI’s Form
10-KSB annual report filed with the United States Securities and Exchange Commission at www.sec.gov. Accordingly, no
assurances can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if
any of them do so, what benefits, including the amount of proceeds, that the Companies will derive therefrom.
Readers are cautioned that the foregoing list of factors is not exhaustive. All subsequent forward-looking statements,
whether written or oral, attributable to the Companies or persons acting on its behalf are expressly qualified in their
entirety by these cautionary statements. Furthermore, the forward-looking statements contained in this news release are
made as at the date of this news release and the Companies do not undertake any obligation to update publicly or to
revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise,
except as may be required by applicable securities laws.
Neither 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.