Mr. Brad White, holder of convertible debenture units, reports

EARLY WARNING PRESS RELEASE IN RESPECT OF REGEN III CORP.

Brad White of Toronto, Ont., has acquired ownership or control over 145 convertible debenture units of ReGen III Corp. in a private placement, which closed in two tranches: Nov. 17, 2023, and Dec. 20, 2023. Each unit consists of $1,000 in principal amount of unsecured convertible debenture and 1,000 common share purchase warrants. Each warrant is exercisable to purchase one common share at a price of 55 cents for a period of 24 months after closing.

This acquisition represents approximately 4.83 per cent of the total number of debentures and warrants issued in the private placement, which, if immediately converted and exercised respectively by Mr. White as of today's date, would result in the issue to him of 408,636 common shares, representing approximately 0.34 per cent of the then issued and outstanding common shares. The 145 units acquired by Mr. White were purchased at a price of $1,000 per unit for total consideration of $145,000 paid in cash.

Prior to the private placement, Mr. White beneficially owned, controlled or directed an aggregate of 12,614,090 common shares, 666,750 share purchase warrants and 700,000 stock options, representing approximately 10.66 per cent of the outstanding common shares of ReGen on a non-diluted basis and approximately 11.68 per cent on a partially diluted basis, assuming Mr. White's exercise of his warrants and stock options. Following the private placement, Mr. White beneficially owns, controls or directs an aggregate of 12,614,090 common shares, 811,750 share purchase warrants, 700,000 stock options and 145 debentures, representing approximately 10.66 per cent of the outstanding common shares of ReGen on a non-diluted basis and approximately 11.98 per cent on a partially diluted basis, assuming Mr. White's exercise of his warrants, stock options, and conversion and exercise of his convertible debentures.

Mr. White acquired the units for investment purposes. Mr. White may, depending on market or other conditions, increase or decrease his beneficial ownership, control or direction over, or exercise its current rights to acquire, common shares through market transactions, private agreements or otherwise.

An early warning report will be electronically filed by Mr. White with the applicable securities commission in each jurisdiction where ReGen is reporting, and will be available on SEDAR+. For more information, please contact Brad White at 416-419-1962.