ANM Antares Minerals

Antares Minerals Inc. ("Antares") (TSX VENTURE:ANM) is pleased to announce that
securityholders have approved the previously announced plan of arrangement
("Arrangement") involving, among others, First Quantum Minerals Ltd., Antares
and Regulus Resources Inc. ("Regulus"). 


Antares securityholders representing approximately 69% of the securities of
Antares on a fully diluted basis voted 100% in favour of the Plan of Arrangement
resolution and over 97% in favour of the Regulus stock option plan resolution.
Antares is also pleased to announce that the final approval of the Court of
Queen's Bench of Alberta to the Arrangement was received today. Closing of the
Arrangement is scheduled to occur, and be effective, on or about Thursday,
December 16, 2010.


Conditional approval from the TSX Venture Exchange ("TSX-V") of the listing of
the Regulus common shares issuable on the Arrangement has been received.
Assuming all TSX-V listing conditions are met, trading on the TSX-V in the
Regulus common shares is expected to commence on the opening of the market on
Monday, December 20, 2010 under the symbol "REG".


About Antares

Antares is a successful mineral exploration company with highly experienced
technical and management teams. The Company is focused on precious- and
base-metal exploration properties in Latin America that can be quickly and
cost-effectively advanced to the discovery and production stage.


Forward Looking Information 

Certain statements regarding Antares or Regulus, including management's
assessment of future plans and operations, may constitute forward-looking
statements under applicable securities laws and necessarily involve known and
unknown risks and uncertainties, most of which are beyond Antares or Regulus'
control. 


Specifically, and without limitation, all statements included in this press
release that address activities, events or developments that either Antares or
Regulus expects or anticipates will or may occur in the future, including
management's assessment of future plans and operations and statements with
respect to the Arrangement, the effective date of the Arrangement and the stock
exchange listing of securities issued under the Arrangement, may constitute
forward-looking statements under applicable securities laws and necessarily
involve known and unknown risks and uncertainties, most of which are beyond
Antares or Regulus' control. These risks may cause actual financial and
operating results, performance, levels of activity and achievements to differ
materially from those expressed in, or implied by, such forward-looking
statements. Although Antares and Regulus believe that the expectations
represented in such forward-looking statements are reasonable, there can be no
assurance that such expectations will prove to be correct. Such risks and
uncertainties include, but are not limited to: the impact of general economic
conditions in Canada, Argentina, and Peru, industry conditions including changes
in laws and regulations including adoption of new environmental laws and
regulations, and changes in how they are interpreted and enforced, in Canada,
Argentina, and Peru, fluctuations in commodity prices, and consummation of the
Arrangement being dependent on the satisfaction of customary closing conditions.


Although the forward-looking statements contained in this Press Release are
based upon assumptions which management believes to be reasonable, neither
Antares nor Regulus can assure shareholders that actual results will be
consistent with these forward-looking statements. With respect to
forward-looking statements contained in this press release, Antares and Regulus
have made assumptions regarding: current commodity prices and royalty regimes;
timing of receipt of regulatory approvals; availability of skilled labour;
timing and amount of capital expenditures; future exchange rates; the impact of
increasing competition; conditions in general economic and financial markets;
effects of regulation by governmental agencies; royalty rates; future operating
costs; and other matters. 


Accordingly, neither Antares nor Regulus give any assurance nor make any
representations or warranty that the expectations conveyed by the
forward-looking statements will prove to be correct and actual results may
differ materially from those anticipated in the forward-looking statements.
Neither Antares nor Regulus undertakes any obligation to publicly update or
revise any forward-looking statements other than required by applicable
securities law.

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