Mr. Ross Orr reports

BACTECH TO RAISE $1M THROUGH A PRIVATE PLACEMENT OF UNITS

Bactech Environmental Corp. is planning to conduct a non-brokered unit financing to secure capital for its proposed bioleach processing facility in Tenguel, Ecuador.

The company aims to raise up to $1-million through this offering. Each unit, priced at eight cents, will comprise one common share and one-half of a common share purchase warrant. A whole warrant will enable the holder to acquire an additional common share at 12 cents within a two-year period from the closing of the financing.

"Following the receipt of the final permit from the Ecuadorian government, we are seeking equity to fund deposits on equipment with longer lead times, such as impellers and stainless steel, as well as working capital until the $20-million green bond is finalized," stated Ross Orr, Bactech's president and chief executive officer.

Interested parties are encouraged to express their interest in the financing directly to Bactech. Bactech remains committed to achieving the company's environmental and social objectives while delivering long-term value to Bactech's shareholders and stakeholders.

About the Tenguel-Ponce Enriquez bioleaching project

Bactech is planning to build a new owner-operated bioleaching facility in Tenguel, Ecuador, in a region where arsenic is associated with sulphide gold ore (Arsenopyrite). The company's plan is to build a 50-tonne-per-day bioleach plant capable of treating high gold/arsenic material. A 50-tonne-per-day plant, processing feed of 1.75 ounces of gold per tonne, similar to feeds available to the company from local miners, would produce approximately 31,000 ounces per year. Plant designs are modular and can be expanded without affecting ongoing production. The total concentrate market in the Ponce Enriquez area is estimated to be between 200 and 250 tonnes per day, allowing for increased throughput potential with a larger plant. Bactech has signed an agreement with the government to build a phase 2 plant that would see the addition of 150 to 200 tpd of capacity capable of producing in excess of 100,000 ounces per annum.

We seek Safe Harbor.