Mr. Greg Pendura reports

REGENX COMPLETES FIRST TRANCHE OF DEBENTURE OFFERING

Regenx Tech Corp. has closed the first tranche of its previously announced financing for gross proceeds of $2,113,830. The closing of the first tranche of the offering is subject to all required regulatory approvals, including the acceptance of the Canadian Securities Exchange.

The offering is a non-brokered private placement of unsecured convertible debentures. The debentures bear interest at the rate of 15 per cent per annum and will mature on July 1, 2025. The debentures will be convertible at the holder's option into common shares of the company at a conversion price of: (i) 10.5 cents per common share until 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 company will not be paying finder's fees in the first tranche closing.

The company intends to use the proceeds from the offering to further the catalytic converter module 1 and general working capital purposes.