Mr. Greg Pendura reports

REGENX ANNOUNCES CLOSING OF CONVERTIBLE DEBENTURE OFFERING

Regenx Tech Corp. has closed the previously announced financing for gross proceeds of $3,030,830. The closing 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 at the closing.

The company intends to use the proceeds from the offering to further the catalytic converter module one commercial scale-up and for general working capital purposes.

About Regenx Tech Corp.

Regenx is positioned for growth in the clean tech 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.