Ms. Kimberly Hedlin reports

REGEN III SUBMITS PART I APPLICATION TO THE U.S. DEPARTMENT OF ENERGY'S LOAN PROGRAMS OFFICE

ReGen III Corp.'s subsidiary, RG3 Texas LLC, has submitted Part I of its application to the U.S. Department of Energy (DOE) Loan Programs Office (LPO) under the Title 17 Clean Energy Financing Program.

ReGen III's Part I application submission to LPO follows a detailed preapplication consultation process with the DOE, and pursuing this initiative supports management's broader objective of securing attractively priced, non-dilutive project-level financing. The submission of the company's application is the culmination of many months of work during which time the company's technology and business plans were vetted by the DOE for Title 17 suitability. Throughout this process, the company also received several rounds of comprehensive Part I application feedback from DOE consultants.

ReGen III's Part I application pulls together project data from the company's personnel and consultants, greenhouse gas emissions inventory and life cycle analysis work by GHD Services Inc., financial model and data support by National Bank Financial Inc., application advisory services provided by Raymond James & Associates Inc., and legal inputs and considerations from Akin Gump Strauss Hauer & Feld.

About ReGen III Corp.

ReGen III is a cleantech company commercializing its patented ReGen technology to upcycle 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 carbon dioxide emissions by 82 per cent as compared with virgin crude derived base oils combusted at end of life.

In 2022, ReGen III completed FEL2 and value engineering for the company's 5,600-barrel-per-day UMO Texas recycling facility, with the support of world-class engineering, construction and licensed vendor teams -- including Koch Project Solutions, PCL Industrial Management Ltd., Sacre Davey, Koch Modular Process Systems, Duke Technologies and STP Studi Tecnologie Progetti SpA.

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.