Mr. Greg Pendura reports

REGENX ANNOUNCES RIGHTS OFFERING AND SHARE CONSOLIDATION

Regenx Tech Corp. will be offering rights to holders of its common shares of record at the close of business on April 2, 2024. Pursuant to the rights offering, each holder of common shares will receive one transferable right for each common share held as of the record date. One right will entitle the holder thereof to subscribe for one common share upon payment of the subscription price of 0.75 cent per common share until 5 p.m. (Toronto time) on May 21, 2024. Assuming the exercise of all rights, the rights offering will raise gross proceeds of up to $2,966,316.

The rights will be offered to shareholders resident in each province and territory of Canada and shareholders who have satisfied the requirements of the corporation for those resident outside of the eligible jurisdictions. Accordingly, and subject to the detailed provisions of the right offering circular dated March 26, 2024, rights direct registration system advice (rights DRS Advice) will not be mailed to shareholders resident outside of the eligible jurisdictions, unless such shareholders are able to establish to the satisfaction of the corporation, on or before May 10, 2024, that they are eligible to participate in the rights offering. Shareholders who fully exercise their rights will be entitled to subscribe for additional common shares, if available, that were not subscribed for by other holders of rights prior to the expiry time.

The corporation understands that certain directors and officers of the corporation who own common shares intend to exercise their rights to purchase common shares under the rights offering.

The corporation currently has 395,508,808 common shares issued and outstanding. If all rights issued under the rights offering are validly exercised, an additional 395,508,808 common shares would be issued. The net proceeds from the rights offering will be used for capital expenditures and for general corporate purposes. The rights offering is subject to regulatory approval, including the final approval of the Canadian Securities Exchange (the CSE).

Complete details of the rights offering are set out in the circular and the rights offering notice, which are filed under the corporation's profile at SEDAR+. Registered shareholders who wish to exercise their rights must complete and forward the rights DRS Advice and subscription form, together with applicable funds, to Computershare Investor Services Inc., the depositary for the rights offering, on or before the expiry time of the rights offering. Shareholders who own their common shares through an intermediary, such as a bank, trust corporation, securities dealer or broker, will receive materials and instructions from their intermediary.

Share consolidation

Following the rights offering, the corporation intends to consolidate its issued and outstanding common shares, subject to regulatory approval, including approval of the CSE. The proposed basis for the share consolidation is one postconsolidation common share for up to every two preconsolidation common shares. Regenx plans to hold an annual general and special meeting of shareholders for the purposes of voting on the share consolidation on June 12, 2024. Further information about the meeting and the share consolidation will be provided to the corporation's shareholders in a notice of meeting and management information circular, to be sent to shareholders following the record date for the meeting.

About Regenx Tech Corp.

Regenx is positioned for growth in the clean technology (cleantech) 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.

We seek Safe Harbor.