Mr. Ross Orr reports

BACTECH CLOSES OVERSUBSCRIBED UNIT FINANCING

Bactech Environmental Corp. has closed an oversubscribed unit financing. As of today, subscription agreements totalling $1,266,000 have been received, surpassing the original goal of raising $1-million in total for the financing. The final amount raised by the third tranche totalled $610.000. Bactech will issue 12.2 million common shares and 12.2 million common share purchase warrants in this closing. The total shares issued under all three closings equals 25.32 million common shares and an equal amount of common share purchase warrants. The company paid $12,800 in finders' fees and issued 256,000 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 give 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.

"We are very pleased with the response to this oversubscribed financing. We welcome all of the new shareholders who share our vision for sustainable mining. A portion of this financing will be used to conduct additional testing for the 'zero waste' patent that was filed in early April. The concept of mineral processing that produces zero tailings is truly unique. By turning two long-term liabilities in tailings, iron and sulphur, into revenue-producing products will dramatically alter the economics of any project," stated Ross Orr, president and chief executive officer of Bactech.

About Bactech Environmental Corp.

Bactech Environmental is a company that specializes in environmental technology. The company uses bioleaching (also known as bacterial oxidation) to recover metals like gold, silver, cobalt, nickel and copper, while also safely removing harmful contaminants like arsenic. This process is eco-friendly and uses naturally occurring bacteria that are safe for both humans and the environment. By using the company's proprietary method of bioleaching, Bactech can neutralize toxic concentrates and tailings while also creating profitable opportunities. The company is publicly traded on several stock exchanges, including the Canadian Securities Exchange, OTCQB and Frankfurt Stock Exchange.

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