Mr. Jason Leikam reports

ENVIROMETAL SETTLES OUTSTANDING DISPUTES WITH REGENX

Envirometal Technologies Inc. has been notified that the Supreme Court of British Columbia has approved a consent and dismissal order ending all claims between Envirometal and Regenx Tech Corp. and parties related to Regenx Tech Corp. The consent and dismissal order covers a civil claim filed by Envirometal against Regenx on June 21, 2021, and a counterclaim filed by Regenx on Aug. 13, 2021, as amended on Jan. 20, 2023.

In addition to settling the legal claims, Envirometal and Regenx have entered into a release and settlement agreement which ends pending arbitration between the companies relating to prior agreements between the companies, including a joint venture agreement.

The parties settled all claims without admission of liability by any party and with no compensation owed by any party.

About Envirometal Technologies Inc.

Envirometal Technologies is commercializing highly effective precious metal recovery technologies. Envirometal's proprietary non-cyanide, water-based, neutral pH and closed-circuit treatment process has been proven to extract precious metals from ores and concentrates at lab and pilot scale and provide both operational and environmental advantages to gold mining companies.