An anonymous director reports

REGENX PROVIDES UPDATE ON OTC MARKETS TRADING STATUS AND AUDIT PROGRESS

Regenx Tech Corp.'s U.S. ticker symbol RGXTF was reassigned effective May 18, 2026, by OTC Markets Group from the OTCQB Venture Market to the OTC Expert Market. The company was not notified of this reassignment in advance and identified the change through a corporate action posting.

As previously disclosed, the company has been subject to a cease trade order issued by the Alberta Securities Commission (ASC), the company's principal regulator, effective Oct. 1, 2025, for failing to file its audited annual financial statements, management's discussion and analysis, and related certifications for the fiscal year ended March 31, 2025, within the time period prescribed by Canadian securities legislation. As a result of the cease trade order, the Canadian Investment Regulatory Organization (CIRO) imposed a halt of trading of the company's common shares on the Canadian Securities Exchange effective Oct. 1, 2025, which halt remains in effect. The reassignment of RGXTF to the Expert Market follows the continued delay in the filing of the annual filings.

As a result of the move to the Expert Market, quotations for RGXTF are no longer publicly displayed on U.S. retail brokerage platforms. Most U.S. retail brokers -- including Charles Schwab, Fidelity, E*Trade and Robinhood -- will not accept buy orders for RGXTF, and sell orders are generally restricted to limit orders subject to manual broker review. The Expert Market is intended for unsolicited transactions by broker-dealers on behalf of professional and sophisticated investors.

Restoration of normal trading in the company's common shares will require the completion of the audit of the annual filings, the filing of the annual filings (together with the company's outstanding interim financial filings) on SEDAR+, and a subsequent application to the ASC for revocation of the cease trade order. Upon revocation of the cease trade order, CIRO is expected to lift its halt of trading on the CSE, and the company intends to apply to OTC Markets Group to restore its U.S. quotation to a higher tier. The company is unable to provide a specific timeline for the foregoing at this time and will provide further updates as material milestones are reached.

Audit status

The audit of the annual filings remains in progress with DMCL Chartered Professional Accountants (DMCL) of Vancouver, the company's auditors of record. Completion of the audit has taken longer than the company anticipated, primarily as a result of scheduling and resource constraints at the audit firm. The company has not been provided with a definitive completion date for the fiscal 2025 audit. Management confirms that the company has provided DMCL with all information, working papers and supporting documentation requested in connection with the audit to date. DMCL has, however, advised the company that with its calendar year-end audit engagements now complete, additional resources are being directed to the Regenx file.

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.