Mr. Gregory Clarkes reports

REGEN III STRENGTHENS MANAGEMENT TEAM WITH THE APPOINTMENT OF CHRISTINE O'GRADY

ReGen III Corp. has appointed Christine O'Grady as executive vice-president, supply, origination and business development, effective July 10, 2023. With an impressive record in driving new business opportunities, Ms. O'Grady brings a unique combination of technical expertise and commercial acumen to her role.

Ms. O'Grady will join ReGen III with over 19 years of experience in the energy sector, specializing in origination and business development within the hydrogen, renewables and oil industries. Ms. O'Grady's strong technical background, coupled with her innovative thinking and analytical approach, has consistently resulted in the delivery of new business opportunities and revenue growth.

Prior to joining ReGen III, Ms. O'Grady held key positions, including senior manager of energy, supply and trading at Nikola Motor Company and trading originator and business development lead at BP Products North America. Notably, Ms. O'Grady led hydrogen origination efforts, successfully negotiating supply contracts and driving collaboration with new markets. Ms. O'Grady also played a pivotal role in executing commercial trading opportunities and securing long-term product offtakes in the Americas for BP, including her position as lead negotiator on the base oils sales and purchase agreement with ReGen III.

"We look forward to Christine joining our leadership team as her expertise in origination and business development, combined with her industry knowledge, will play a vital role in driving our growth and expansion in the base oil market," said Gregory Clarkes, chief executive officer of ReGen III. "Having worked and negotiated across the table from Christine over a period of 15 months, we are confident that her specific skill set and leadership qualities will ensure we advance on and achieve our corporate goals."

As executive vice-president, supply, origination and business development, Ms. O'Grady will focus on identifying new business opportunities, cultivating strategic offtake partnerships, and driving growth initiatives within ReGen III. Ms. O'Grady's strong leadership skills and ability to collaborate with cross-functional teams will enhance the company's ability to deliver innovative solutions and maximize revenue.

"I am excited to be joining ReGen III and contribute to the company's growth," said Ms. O'Grady. "I look forward to leveraging my technical and commercial expertise to identify new business opportunities, forge strategic supply and offtake partnerships and continuing to drive ReGen III's disruptive processing technology within the industry."

With a bachelor of science in chemical engineering from the University of Illinois Chicago, Ms. O'Grady brings a solid technical foundation to her role. Ms. O'Grady's 19 years of refinery operations, trading and business development experience, leadership skills and collaborative approach make her an invaluable asset to the ReGen III team.

Option granted

In connection with Ms. O'Grady's appointment, the company will issue 500,000 stock options, to be priced in the context of the market on her commencement date.

About ReGen III Corp.

ReGen III is a clean technology company commercializing disruptive, patented technology to recycle used motor oil (UMO) into high-value Group III base oils. With a focus on creating sustainable solutions that generate better environmental outcomes and compelling economics, the company's ReGen process is expected to reduce CO2e (carbon dioxide equivalent) emissions by 82 per cent as compared with virgin crude-derived base oils combusted at end of life.

In 2022, ReGen III completed FEL2 (front-end loading) and value engineering for the company's 5,600-barrel-per-day UMO Texas recycling facility, where world-class engineering, construction and licensed vendor teams -- including Koch Project Solutions LLC, PCL Industrial Management Ltd., Koch Modular Process Systems and Duke Technologies -- are providing detailed design, construction, commissioning and start-up services.

Operating in an underserved segment of the base oil market, ReGen III aims to become the world's largest producer of sustainable Group III base oil.

We seek Safe Harbor.