Ms. Kimberly Hedlin reports

REGEN III ANNOUNCES SETTLEMENT OF DEBENTURE INTEREST WITH SHARES, SALE OF NON-CORE ASSET, AND PATENTS UPDATE

ReGen III Corp. has elected, pursuant to the terms of its Series 2023-11.PP55CD-A debentures, to pay the semi-annual interest payment due in the amount of $164,850 through the issuance of approximately 855,598 common shares at a price of 19.267 cents per common share. Completion of the transaction remains subject to the approval of the TSX Venture Exchange. The securities issued are subject to a hold period of four months from the date of issue.

Land sale

The company is pleased to share that it has completed the sale of a rural property near Slocan, B.C., for gross proceeds of $295,000. The Slocan property is a legacy, non-core company asset that was secured during the business combination of Silver Ridge Resources and NMC Mining Corp. in 2010, prior to the company's subsequent name changes and change of business in 2017.

Patent update

ReGen III is also pleased to announce its Brazilian patent application (1120210154531) has been granted, with the corresponding letter patent to be issued by the Brazilian National Institute of Industrial Property in due course. This represents the company's first patent granted in Brazil, a country which bans all burning of UMO and has the second-highest rate of rerefining globally (source: U.S. Department of Energy).

The company also announces that its European patent application (20751968.7) was granted by the European Patent Office on April 2, 2025, under patent No. EP3921390. The EPO is the executive arm of the European Patent Organisation, an international organization with 39 member states. The company is finalizing its selection from the list of member states and will advance into the national validation stage before July 2, 2025.

Following these determinations, ReGen III has 22 patents issued, granted or allowed for the company's ReGen process and 11 patents pending globally.

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 equivalent emissions by 82 per cent as compared with virgin-crude-derived base oils combusted at end of life.

ReGen III has 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 LLC, PCL Industrial Management Ltd., Studi Tecnologie Progetti SpA, Koch Modular Process Systems and Duke Technologies.

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

We seek Safe Harbor.