Mr. Greg Pendura reports

REGENX ANNOUNCES PROPOSED DEBENTURE OFFERING

Regenx Tech Corp. intends to complete a non-brokered private placement offering of unsecured convertible debentures in the principal amount of up to $2.5-million. The debentures will bear interest at the rate of 15 per cent per annum, payable on the maturity date, and will mature on July 1, 2025. The debentures will be convertible at the holder's option into common shares of the corporation at a conversion price of: (i) 10.5 cents per common share until the date that is one year from the closing date; and (ii) 15 cents per common share for the period from the date following one year from the closing date until the maturity date. The corporation can redeem the debentures at any time upon 10 days prior written notice.

The closing of the private placement is expected to occur on or about June 15, 2023, and is subject to regulatory approval, including approval of the TSX Venture Exchange. For further details on the private placement, please contact the corporation. All securities issued in connection with the private placement will be subject to a hold period of four months from the date of closing. The net proceeds from the private placement will be used for plant operations including feedstock and for general working capital.

About Regenx Tech Corp.

Regenx is positioned for growth in the clean technology sector through the development and commercialization of its environmentally friendly processing technologies for the recovery of precious metals. Initial focus is the extraction of platinum and palladium from diesel catalytic converters with its business partner Davis Recycling.

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