Ms. Kimberly Hedlin reports

REGEN III CLOSES FIRST TRANCHE OF PRIVATE PLACEMENT

ReGen III Corp. has closed the first tranche of its non-brokered private placement announced March 4, 2026. In connection with the initial tranche, the company has issued 9,537,860 units at a price of 20 cents per unit for aggregate gross proceeds of $1,907,572. The company will close the second and final tranche of the offering for the previously announced total gross proceeds of $4-million on or before March 27, 2026.

Each unit consists of one common share in the capital of the company and one-half of one common share purchase warrant. Each warrant entitles the holder to purchase an additional share at an exercise price of 30 cents per warrant share for a period of three years from the date of issuance. All securities issued in the initial tranche will be subject to a statutory four-month hold period expiring July 24, 2026.

Concurrent with the closing of the initial tranche, the company paid aggregate finders' fees of $28,000 in cash. The net proceeds from the offering are intended to be used for working capital, general corporate purposes and the repayment of debt. The closing of the offering is subject to receipt of all necessary regulatory approvals, including final approval by the TSX Venture Exchange.

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 (UMO) into premium Group II and Group III base oils. These high-quality base oils are essential to high-performance engines, turbines, industrial applications and emerging applications such as data centre dielectric fluids. As a circular technology, the ReGen process is designed to deliver up to 82 per cent lower CO2e (carbon dioxide equivalent) emissions than virgin crude-derived oils combusted at end of life.

With the vision of becoming the world's largest producer of sustainable, re-refined Group III base oils, ReGen III is positioning itself at the intersection of the energy transition and the data-driven economy, through the production of circular, domestically sourced Group III base oils.

We seek Safe Harbor.