Reg Technologies Announces License Rights for Worldwide Patents for The Rand Cam Engine Technology

VANCOUVER, British Columbia--Nov.29, 2004--Reg Technologies, Inc. is pleased to announce that a worldwide license agreement, excluding the rights for the United States of America that are held by REGI U.S., Inc. (OTCBB:RGUS), for the Rand Cam(TM) technology has been successfully completed with Rand Energy Group Inc. Reg Technologies, Inc. has agreed to pay a 5% net profit interest and make annual payments of $50,000. Reg Technologies, Inc. will be responsible for 50% of the costs for development and production of the Rand Cam(TM) technology.

The worldwide patents cover Canada and several countries in Europe, namely, Germany, France, Great Britain, and Italy. Reg Technologies, Inc., together with REGI U.S., Inc., is in the process of testing a Rand Cam(TM) diesel engine for a generator application for hybrid electric cars. Additionally, our licensee for the 42 H.P. production model diesel Rand Cam(TM) is currently completing the engine for unmanned aerial applications for the U.S. military.

Reg Technologies, Inc. owns 3,320,000 shares of REGI U.S., Inc. directly, and 3,900,000 indirectly through a 51% ownership of Rand Energy Group Inc.

REGI U.S., Inc. owns the U.S. rights and the parent company Reg Technologies, Inc. owns the worldwide rights to the Rand Cam(TM) rotary technology. The engine is a light weight rotary engine that has only two moving parts: the vanes (up to 12) and the rotor. This revolutionary design makes it possible to produce a total of 24 power impulses per one rotation. For more information please visit www.regtech.com.