Pachamama Resources Ltd. (the "Company") is pleased to announce the results of the special meeting of shareholders (the "Meeting") of the Company held earlier today. By a vote conducted by ballot, the special resolution approving a plan of arrangement (the "Arrangement") between the Company and Regulus Resources Inc. ("Regulus") under the Business Corporations Act (British Columbia) was approved by a majority of 99.98% of votes cast on the resolution in person or by proxy.

The Company expects to obtain final court approval of the Arrangement on Friday, May 11, 2012. The Company expects to complete the Arrangement on or about May 16, 2012.

Full details on the Arrangement are set out in the management information circular (the "Circular") that was delivered to the Company's shareholders in advance of the Meeting, which is available on SEDAR at www.sedar.com.

Shareholders of the Company who hold their shares in registered form must complete and return the letter of transmittal (the "Letter of Transmittal") in order to obtain Regulus shares following the closing of the Arrangement. Copies of the Letter of Transmittal were distributed to shareholders with the Circular and are available on SEDAR at www.sedar.com or from the Company's transfer agent, Valiant Trust Company.

For further information, please contact:

Megan Cameron-Jones at (604) 681-4462