Mr. Greg Pendura reports

REGENX APPOINTS NEW AUDITOR, EXTENDS RIGHTS OFFERING EXPIRY DATE AND CLOSING OF DEBENTURE OFFERING

Regenx Tech Corp. has appointed Gallo LLP, chartered professional accountants, as auditor of Regenx, effective April 10, 2024. The resignation of Regenx's former auditor, Paul J. Rozek Professional Corp., chartered professional accountant, was accepted by the corporation, effective April 3, 2024. On April 3, 2024, Regenx was notified by PJR Prof Corp., that the Chartered Professional Accountants of Alberta asked PJR Prof Corp. to cease to perform all assurance engagement work on March 18, 2024. Furthermore, Regenx discovered on April 3, 2024, that PJR Prof Corp. signed an undertaking on Oct. 13, 2023, that any assurance work of PJR Prof Corp. was subject to supervision until the investigation was completed and a decision was made by the complaints inquiry committee of CPA Alberta. Neither PJR Prof Corp., nor CPA Alberta gave Regenx any notice or warning of this significant risk. Regenx is continuing to review its options and may pursue legal action for any losses it may incur.

The corporation also announced that, further to its news release dated March 26, 2024, the board of directors of Regenx has extended the expiry date for its rights offering to 5 p.m. Toronto time on June 6, 2024, to allow shareholders additional time to participate. Similarly, the deadline for shareholders who are resident outside of Canada to establish that they are eligible to participate in the rights offering has been extended to May 27, 2024. Complete details of the rights offering are set out in the rights offering circular dated March 26, 2024, and the rights offering notice dated March 26, 2024, which are filed under the corporation's profile at SEDAR+.

The corporation also announced that it has completed the closing of a non-brokered private placement of unsecured convertible debentures for gross proceeds of $150,000. The debentures 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 are 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 debentureholder will also be issued 14,285 common share purchase warrants for each $1,000 principal amount of the debenture. Each warrant expires after two years from the closing date and allows the holder to purchase one common share at a price of 10.5 cents per share if exercised in the first year and 20 cents per share if exercised in the second year. The corporation can redeem the debentures at any time upon 10 days prior written notice. The company intends to use the proceeds to support operations, repayment of debt and general working capital. Immediately following closing, the debentureholder converted the principal amount of the debenture into three million common shares. All securities issued in connection with the private placement are subject to a four-month-plus-one-day hold period under applicable Canadian securities laws.

About Regenx Tech Corp.

Regenx is positioned for growth in the 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.