Reg Technologies Inc. Neighbourhood Electric Vehicle ('NEV') Completion Update

VANCOUVER, British Columbia--May 1, 2006--Reg Technologies, Inc. (the "Company" or "Reg") (TSX VENTURE:RRE) (OTCBB:REGRF) is pleased to announce that Anuvu reports they have been making and building fuel cell components over the last couple of weeks for Reg Technologies, Inc.'s NEV. The final cutting and assembly of the fuel cell components will be completed by the end of next week and the components being custom machined for this project will be received from the machinist shortly thereafter.

Anuvu has prepared the following integration, testing and delivery schedule outline for the NEV:

-- Stack build and bench testing - May 3-May 12

-- Stack testing available May 15

-- Air delivery system build and bench testing April 24 - May 1

-- Air System data available May 3rd

-- H2 delivery and recirculation system build and bench testing May 1- May 5

-- H2 system data available May 8

-- Control and Power build and testing April 28 - May 8

-- Power and control test data available May 10

-- Cooling System build and Bench testing April 26 - May 5

-- Cooling system test data available May 11

-- Complete System integration and bench testing May 16 - May 23

-- Complete bench test data available May 26

-- Onsite training of Vehicle technician from Reg Technologies, Inc. May 30, 2006 - June 2, with road testing June 2 - June 5.

NEV delivery to Reg Technologies, Inc. is scheduled to begin upon successful training and export approvals on approximately June 6th. Reg Technologies, Inc. owns the distribution and marketing rights for Canada for the Anuvu Fuel Cell technology.

ABOUT REG TECHNOLOGIES, INC. / REGI U.S., 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, compared to the 40 moving parts in a simple four-cylinder piston engine. This revolutionary design makes it possible to produce a total of 24 continuous power impulses per one rotation that is vibration-free and extremely quiet. The Rand Cam(TM) engine also has multi-fuel capabilities and is able to operate using fuels including gasoline, natural gas, hydrogen, propane and diesel. 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 and for unmanned aerial applications for the U.S. military. For more information please visit www.regtech.com.

ON BEHALF OF THE BOARD OF DIRECTORS

John Robertson

President

The TSX Venture Exchange has neither approved nor disapproved of the information contained herein. Statements in this press release regarding Reg Technologies/REGI's business which are not historical facts are "forward-looking statements" that involve risks and uncertainties, including the impact of competitive products and pricing, the need to raise additional capital, uncertain markets for the Company's products and services, the Company's dependence on third parties and licensing/service supply agreements, and the ability of competitors to license the same technologies as the Company or develop or license other functionally equivalent technologies.