Mineworx Completes Rights Offering

Edmonton, Alberta – September 15, 2022Mineworx Technologies Ltd., (the “Corporation” or “Mineworx“) (TSXV: MWX) (OTCQB: MWXRF) (FSE: YRS WKN: A2DSW3) announced today the successful completion of the previously announced rights offering (the “Offering”), subject to final approval of the TSX Venture Exchange (“TSX Venture”). The Offering was over-subscribed and at closing, Mineworx issued 347,178,581 common shares of the Corporation (each a “Common Share”) at a price of $0.015 per Common Share, raising total gross proceeds of approximately $5,207,678.

A total of 227,871,889 Common Shares were issued under the basic subscription privilege and an additional 119,306,692 Common Shares were issued under the additional subscription privilege.  As of the closing date, 694,357,162 Common Shares of Mineworx are issued and outstanding. To the knowledge of Mineworx, after reasonable inquiry, no person that was not an insider of Mineworx became an insider as a result of the distribution under the Offering.

Mineworx intends to use the available funds from the Offering for the purposes identified in the rights offering circular of Mineworx dated July 8, 2022.  However, there may be circumstances where a reallocation of the available funds may be necessary. Mineworx will reallocate funds only for sound business reasons.

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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 partner Davis Recycling Inc.
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Greg Pendura
Greg Pendura

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.

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