Mr. Tony Weatherill reports

REGEN III PROVIDES MANAGEMENT UPDATE

Kirk McNamara has been appointed chief commercial officer of ReGen III Corp. He joined ReGen III as a consultant in March, 2025, and has been instrumental in driving the company's initiatives surrounding offtake and strategic partnerships.

"I am thrilled to welcome Kirk McNamara as our chief commercial officer," stated Tony Weatherill, president and chief executive officer of ReGen III. "Since joining us in March, Kirk has been a pivotal force within the company. Leveraging this drive, along with his extensive network and deep technical and commercial knowledge within the base oils market, Kirk has sparked further interest in our transformative technology and sustainable product offerings. As our discussions around offtake and strategic investments continue to gain momentum, I am confident our team has the talent and experience to deliver impactful results over the coming months."

Options

In consideration of his appointment as chief commercial officer, the company has granted 625,000 stock options to Mr. McNamara. The company has also granted an additional 450,000 stock options to certain officers of the company. All options are priced at 19 cents per option and valid for five years from the date of grant. The options will be exercisable two years after grant upon meeting at least one of the performance milestones outlined below:

• The company demonstrating net positive revenue generation through manufacturing (product sales) and an earnings before interest, taxes, depreciation and amortization greater than $10-million (U.S.) equivalent per year; and
• Successful completion of a corporate transaction, sale, or change of control of the company and/or its intellectual property where the company's market capitalization value is greater than $100-million (U.S.) equivalent; or an average share price greater than 65 U.S. cents equivalent over any consecutive 30-day period; or a market capitalization and/or share price acceptable to the company's board of directors.

About ReGen III Corp.

ReGen III is driving a new era in high performance, sustainable lubricants. Harnessing its patented ReGen technology, the company is commercializing an advanced process to transform used motor oil into premium Group 2 and 3 base oils. These high-quality base oils are essential to high performance engines, turbines and industrial applications, and ReGen III's process is designed to deliver up to 82 per cent lower carbon dioxide equivalent emissions than virgin-crude-derived oils combusted at end of life. By turning waste into high-value products, ReGen III is driving the shift toward circular, domestically produced base oils that meet the growing global demand for sustainable Group 3 solutions.

With FEL2 and value engineering complete for its proposed 5,600-barrel-per-day flagship facility in Texas City, Tex. -- and backed by world-class engineering, construction and vendor partners -- the company is strategically positioned to meet rising demand for higher-quality, circular base oils. In addition to Texas City, the company is evaluating opportunities to deploy its patented technology across other strategic markets.

With the vision of becoming the world's largest producer of sustainable, rerefined Group 3 base oils, ReGen III aims to set a new standard for performance and responsibility in the global lubricant market.

We seek Safe Harbor.