Ms. Emily Richardson reports

REGENX PROVIDES AUDIT UPDATE, DEBENTURE EXTENSION, AND OPERATIONAL UPDATE

Regenx Tech Corp. has provided an update to shareholders regarding the status of its continuing audit, a debenture maturity extension and an operational transition within the company.

Audit update

Regenx wishes to acknowledge shareholder frustration regarding the timing of its audit and the resulting cease trade order (CTO). The company is disappointed with the prolonged audit timeline and the uncertainty this has created for stakeholders.

The audit has expanded significantly in scope beyond original expectations. This expansion has been driven by several factors, including:

• The first-time audit of multiple subsidiaries and legacy assets, including Iron Bull Mining (South Africa) and MDC (Spain);
• Reverification of prior-year balances and transactions, including 2023 comparative information;
• The reassessment and formal documentation of several complex accounting policies under IFRS (international financial reporting standards), including functional currency determinations, foreign exchange treatment, equity-accounted investments, asset retirement obligations and financial instruments;
• Changes to certain accounting interpretations that had previously passed audit review, resulting in retesting and restatement work for prior periods.

As a result, the audit process has evolved well beyond a routine year-end engagement and has required a level of testing and documentation typically associated with a much larger organization.

Regenx confirms that all requested information and schedules have been provided to the auditor. At this stage, the remaining work is primarily related to audit testing, finalization procedures and partner review.

Emily Richardson, chief financial officer, Regenx Tech, stated: "I wish to be unequivocal: there are no undisclosed issues or 'surprises' expected in the audited financial statements. The delays are procedural and scope related, not substantive, and are related to complex accounting treatments that include the use of estimates and projections. The result of changes in treatments effect how items are classified in the financial statements but do not change the fundamental transactions. Regenx is not withholding information, nor is it aware of any matters that would materially alter stakeholders' understanding of the company's financial position beyond what has already been communicated."

The company is unable to provide definitive guidance on the timing of the completion of the audit as it is dependent on the auditor being satisfied with the results of its proscribed work. Regenx is co-operating fully and pushing for a speedy completion of the outstanding items.

The company will apply to exchange to have the CTO lifted as soon as the audited financial statements and all other outstanding reports are filed.

Debenture extension

Regenx also announces that debentures originally scheduled to mature in January, 2026, have been extended to Jan. 31, 2027. All other terms and conditions of the debentures remain unchanged. The company appreciates the continued support and flexibility of its debenture holders during this period.

Operational update -- Newport, Tenn.

The company further announces that Bob Fair has concluded his formal engagement with Regenx, effective Dec. 31, 2025. Mr. Fair accepted another full-time position in the summer of 2025 but continued to contract with Regenx through year-end.

Rick Purdy, president, Regenx USA, stated: "I would like to thank Bob for the key role he played in the commissioning and setup of the Newport, Tenn., processing facility. The operational team currently in place at the Newport facility is well positioned to continue operations successfully, building on the foundation established under Mr. Fair's leadership. While his contract has expired, Bob has agreed to remain available on an as-needed basis."

About Regenx Tech Corp.

Regenx Tech is a cleantech, urban mining company that recycles end-of-life diesel catalytic converters using its innovative and environmentally friendly proprietary technology for the recovery of precious metals, such as platinum and palladium.

We seek Safe Harbor.