Mr. Ross Orr reports

BACTECH ENVIRONMENTAL CORPORATION ANNOUNCES SECOND CLOSING OF UNIT FINANCING

Bactech Environmental Corp. has completed the second closing of its continuing unit financing. As of today, subscription agreements and funds totalling $656,700 have been received, with the goal of raising $1-million in this round of financing. Bactech will issue 6.5 million common shares and 6.5 million common share purchase warrants in this closing. The total shares issued under both closings equal 13,134,000 common shares and an equal amount of common share purchase warrants. The company paid $4,800 in finders' fees and issued 96,000 finders' warrants. Insiders of the company purchased 1,384,000 units for gross proceeds of $69,200.

Each unit consists of one common share of Bactech and one two-year warrant exercisable at 10 cents. The warrant includes an acceleration clause.

In the event the common shares trade at or above 20 cents for 10 consecutive trading days, as indicated on the Canadian Securities Exchange, the company shall have given notice by way of a press release that the warrants' expiry date will expire 20 trading days thereafter. The announcement of the financing was contained in a press release dated Feb. 28, 2025.

About Bactech Environmental Corp.

Bactech is a company that specializes in environmental technology. It uses a process called bioleaching to recover metals like gold, silver, cobalt, nickel and copper, while also safely removing harmful contaminants like arsenic. This process is ecofriendly and uses naturally occurring bacteria that are safe for both humans and the environment. By using its proprietary method of bioleaching, it can neutralize toxic concentrates and tailings while also creating profitable opportunities. The company is publicly traded on several stock exchanges, including the CSE, OTCQB and Frankfurt Stock Exchange.

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