Ms. Emily Richardson reports

REGENX AMENDS DEBENTURE TERMS AND ANNOUNCES NON-BROKERED FINANCING FOR GROSS PROCEEDS OF $555,664

Regenx Tech Corp. has provided a strategic update to its outstanding debentures, aimed at enhancing financial flexibility and supporting future growth. The company is amending the terms of its outstanding debentures due July 1, 2025, in the aggregate principal amount of $2,113,830 (please refer to the company's news release dated June 30, 2023. The revised terms, which reflect a pro-active approach to optimizing Regenx's financial framework and are conditional upon the agreement of each of the holders of the debentures, are as follows:

• The maturity date has been extended to July 1, 2026.
• The interest rate remains stable at 15 per cent.
• The conversion price is reduced to five cents per share.

Additionally, the company will issue new bonus warrants; 500 warrants will be issued for every outstanding $1,000 principal amount of the debenture, exercisable at five cents per share until July 1, 2026.

Emily Richardson, chief financial officer of Regenx, commented: "This strategic adjustment underscores our commitment to maintaining a solid financial foundation while minimizing costs. By raising only the minimal viable funding required, we aim to optimize liquidity, reduce interest and administrative expenses, and position ourselves for efficient growth until operational commencement."

Regenx also announces that it has received unsecured and non-brokered financing for gross proceeds of $555,664 in its debenture financing. The debentures will bear interest at the rate of 15 per cent to 25 per cent per annum. The subscriber will also be issued 500 warrants for each $1,000 debenture. Each warrant allows the subscriber to purchase a common share of the corporation for five cents per share if exercised prior to the expiry date. 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 and general working capital.

Regenx continues to focus on building long-term value for shareholders through prudent financial management and strategic planning.

About Regenx Tech Corp.

Regenx Tech is a clean-technology, 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.