ReGen III Appoints Brad White to Its Board of Directors

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Vancouver, British Columbia--(Newsfile Corp. - May 2, 2023) - ReGen III Corp. (TSXV: GIII) (OTCQX: ISRJF) (FSE: PN4) ("ReGen III" or the "Company") is pleased to announce the appointment of Brad White to its Board of Directors. Mr. White is a distinguished investment executive with over 25 years of experience as a portfolio manager, with a focus on alternative investments, including public equities, hedge funds, shareholder activism, private equity, and venture capital.

Prior to joining ReGen III, Mr. White served as a Co-founder of EdgeHill Partners, a large alternative asset manager launched in 2010. He was also a Co-founder of Salida Capital, a $1B+ alternative asset manager, where over an eight-year period, Brad's funds recorded 30% compounded returns until his departure to start EdgeHill.

Mr. White is currently a principal of Blue Deer Capital Partners in Toronto, a firm providing advisory services to mission-driven entrepreneurs across a variety of sectors. In addition, he was a Director of Orca Gold prior to its acquisition by Perseus Gold (PRU-AU) and currently serves as the Chairman of Synaptive Medical.

"Brad brings exceptional knowledge and experience in capital markets to our Board of Directors," said Greg Clarkes, Chairman & CEO of ReGen III. "We are proud to have him join us as we continue to grow our company and advance our mission."

"I am excited to join the Board of Directors of ReGen III," said Mr. White. "I look forward to leveraging my experience and network to help the Company drive shareholder value and reach its fullest potential. ReGen III is positioned to develop a portfolio of projects that will address the hundreds of millions of gallons of toxic used motor oil (UMO) burned or dumped every year. The Company's patented, validated technology allows UMO to be recycled into high-margin Group III base oils, a product that is in structurally short supply."

Mr. White holds a Bachelor of Commerce from the Memorial University of Newfoundland and a CFA designation. Before fund management, he worked as an energy analyst at Morgan Stanley, TD Securities, and BMO Nesbitt Burns, compiling over 30 years of experience in capital markets. Brad is also the benefactor of both the Embley Park Foundation, a private philanthropic organization and the White Trading Lab at the Memorial University Business School.

About ReGen III

ReGen III is a cleantech company commercializing disruptive, patented technology to recycle used motor oil ("UMO") into high-value Group III base oils. With a focus on creating sustainable solutions that generate better environmental outcomes and compelling economics, the Company's ReGen™ process is expected to reduce CO2e emissions by 82% as compared to virgin crude derived base oils combusted at end of life.

In 2022, ReGen III completed FEL2 and value engineering for the Company's 5,600 bpd UMO Texas recycling facility, where world class engineering, construction and licensed vendor teams - including Koch Project Solutions, LLC, PCL Industrial Management Ltd., Koch Modular Process Systems and Duke Technologies - are providing detailed design, construction, commissioning, and start-up services.

Operating in an underserved segment of the base oil market, ReGen III aims to become the world's largest producer of sustainable Group III base oil.

For more information on ReGen III or to subscribe to the Company's mailing list, please visit: www.regeniii.com/investors/corporate-presentations and www.regeniii.com/newsletter-subscription.

For further information, please contact:

Investor & Media inquiries:
Caroline Sawamoto
[email protected]

Corporate Inquiries:
Kimberly Hedlin
Vice President, Corporate Finance
(403) 921-9012
[email protected]

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Certain information other than statements of historical facts contained in this news release constitutes "forward-looking information" or "forward-looking statements" (collectively, "forward-looking information"). Without limiting the foregoing, such forward-looking information includes statements regarding the Company's business plans, expectations, capital costs and objectives. In this news release, words such as "may", "would", "could", "will", "likely", "believe", "expect", "anticipate", "intend", "plan", "estimate" and similar words and the negative form thereof are used to identify forward-looking information. Forward looking information should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether, or the times at or by which, such future performance will be achieved. Forward-looking information is based on information available at the time and/or the Company management's good faith belief with respect to future events and is subject to known or unknown risks, uncertainties, assumptions and other unpredictable factors, many of which are beyond the Company's control. For additional information with respect to these and other factors and assumptions underlying the forward-looking information made in this news release, see the Company's most recent Management's Discussion and Analysis and financial statements and other documents filed by the Company with the Canadian securities commissions and the discussion of risk factors set out therein. Such documents are available at www.sedar.com under the Company's profile and on the Company's website, https://www.ReGen III.com/. The forward-looking information set forth herein reflects the Company's expectations as at the date of this news release and is subject to change after such date. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/164340

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