Mr. Greg Pendura reports

REGENX ANNOUNCES PROPOSED DEBENTURE OFFERING WITH A $750,000 LEAD ORDER

Regenx Tech Corp. intends to complete a non-brokered private placement offering of unsecured convertible debentures in the principal amount of up to $1.5-million with a lead order in place for $750,000. The debentures will bear interest at the rate of 15 per cent per annum, payable on the maturity date and will mature on Dec. 31, 2025. The debentures will be convertible at the holder's option into common shares of the corporation at a conversion price of (i) five cents per common share until the date that is one year from the closing date; and (ii) 10.5 cents per common share for the period from the date following one year from the closing date until the maturity date. The subscriber will also be issued 14,285 warrants for each $1,000 debenture. Each warrant allows the subscriber to purchase a common share of the corporation for 10.5 cents per share if exercised in the first year and 20 cents per share if exercised in the second year. The warrants will expire after two years. 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 Dec. 31, 2023.

The company intends to use the proceeds from the offering for general corporate purposes including general working capital and operating the catalytic converter business.

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.