IRW-PRESS: BacTech Environmental Corporation: BacTech bestätigt Gold- und
Kupferkonzentrat-Potenzial in Peru für Biolaugung

- Trujillo-Area Field Study Determines Abundance of High-Arsenic Enargite and Chalcopyrite
Readily Available from Local Producers

TORONTO, ON. February 1, 2022 - BacTech Environmental Corporation (CSE: BAC, OTC: BCCEF, FSE:
0BT1) (BacTech or the Company), a commercially proven environmental technology company delivering
effective and eco-friendly bioleaching and remediation solutions, today announced its bioleaching
project interests in Peru will advance, focusing on gold and copper concentrates and potential metal
recovery efforts. 

Having developed relationships with a number of artisanal miners and processors throughout the
Trujillo area, BacTech has made arrangements to collect seven 15kg concentrate samples during the
next two-to-three months from selected producers and processors. Global mining executive and
technical advisor Oscar A. Alvarado Sr. will continue on as project lead.  When ready, the samples
will be shipped to ALS Laboratories facilities in Perth, Australia and subjected to bioleach testing
under the guidance of Dr. Paul Miller. BacTech has no ownership in any of the mines where
concentrates are being sourced. 

Similar to the model in place for the Companys commercial interests in Ecuador, BacTech has been
meeting with producers who are looking to maximize returns for their concentrates, knowing that a
safe and profitable processing solution to treat high arsenic concentrates in the Trujillo area is
being considered.  BacTech believes a bio-oxidation plant would support local economic development
with the benefit of knowing that the processing of toxic materials would be dealt with in a
sustainable manner. 

Miners across South America have been affected by an October 1, 2021 Chinese government-directed
import tax of 13% placed on arsenic gold concentrates coming into the country for processing. This
action has resulted in price slashing scenarios in which the miners are paid approximately 50% of
the gold value delivered. Penalties escalate further with contained arsenic levels above the 10%
level. 

In one illustrative meeting, BacTech was shown material from three different areas of a single
mine - each selectively mined in an effort to produce lower arsenic values for Chinese buyers. All
sample materials contained copper, gold and silver as recoverable metals, yet prices being paid all
fell considerably short of BacTechs Fair Market Value estimates: 

- Sample 1 - FMV / $750 per ton; Price Realized / $270 per ton
- Sample 2 - FMV / $650 per ton; Price Realized / $200 per ton
- Sample 3 - FMV / $500 per ton; Price Realized / $80 per ton

As weve seen in Ecuador, Peruvian producers are forced to mine selectively and avoid areas with
high arsenic levels. The one big difference between projects is that Peru also includes copper in
addition to gold, which has me excited, said Ross Orr, CEO of BacTech Environmental. Because our
novel bioleaching solutions use biology to safely process a wide array of mined metals, were able to
seek out and capitalize on these opportunities that others find prohibitive. We believe Trujillo has
the type of high-pay potential that our shareholders will find attractive, but we also see ourselves
partnering with the community and being in a position to help lift the local economy while
maintaining exceptional margins. 

Important to note, BacTech has previous experience working with chalcopyrite having collaborated
with Industrias Penoles, S.A.B. (Q: IPOAF) on a bioleaching R&D project at its research park in
Monterrey, Mexico a number of years ago. At the time, Penoles committed US$5M to build a
demonstration plant to investigate the use of bioleaching on dirty chalcopyrite copper concentrates.
Copper recovery using bioleaching / solvent extraction / electrowinning technology was used to
produce 99.99% pure copper plate. 

Its important to get a jumpstart on assessing the commercial viability of this project, even as
we edge closer to permitting and a construction start in Ecuador. Weve learned a lot over the years,
and this knowledge will be put to good use and make all forthcoming projects as turnkey as possible.
The plan is for BacTech to be active in multiple countries, Orr continued. We build our own plants
and utilize our own eco-conscious proprietary technology for a reason - it places us firmly in
control of our own triple bottom line focusing on people, planet and profit. 

About the Ponce Enriquez Bioleaching Project

BacTech is planning to build a new owner-operated bioleaching facility near Ponce Enriquez,
Ecuador, in a region where arsenic is associated with gold ore (Arsenopyrite). The Companys plan is
to build a 50 tpd bioleach plant capable of treating high gold/arsenic material. A 50 tpd plant,
processing 1.75 ounces of gold per tonne of feed, similar to feeds available to the Company from
local miners, would produce approximately 26,000 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.

In total, there are over 90 small mines operating in the area. BacTech intends to return local
miner compensation back to previous payment levels, prior to a sweeping price reduction imposed by
Chinese buyers due to recent import levies on arsenic/gold concentrates entering China. BacTech
continues to investigate the prospects of establishing additional modern bioleaching facilities
across other areas of Ecuador, Peru, and Colombia. Where possible, the Company will partner with
national and local governments, non-governmental organizations (NGOs), and others to assist with the
funding of these projects.

About BacTech Environmental Corporation

BacTech is a proven environmental technology company, delivering effective and eco-friendly
biomining and remediation solutions to commercial operations to process and recover preferred metals
(gold, silver, cobalt, and copper) smartly and safely remove and transform harmful contaminants like
arsenic into benign EPA-approved products for landfill. Tapping into numerous environmental and
economic advantages of its proprietary method of bioleaching, BacTech uses naturally occurring
bacteria, harmless to both humans and the environment, to neutralize toxic mining sites with
high-pay potential. BacTech is publicly traded on the CSE under the symbol BAC; on the OTC as BCCEF;
and the Frankfurt Stock Exchange as OBT1.  

For further information contact:

Ross Orr
President & CEO, BacTech Environmental Corporation
416-813-0303 ext. 222,
Email: borr@bactechgreen.com
Website: https://bactechgreen.com/
Investor Presentation: https://bactechgreen.com/investors/

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Special Note Regarding Forward-Looking Statements
 
This news release contains forward-looking information, which may include, but is not limited to,
statements with respect to future tailings sites, sampling or other investigations of tailing sites,
the Companys ability to make use of infrastructure around tailings sites or operating performance of
the Company and its projects. Often, but not always, forward-looking statements can be identified
using words such as plans, expects, is expected, budget, scheduled, estimates, forecasts, intends,
anticipates, or believes or variations (including negative variations) of such words and phrases, or
state that certain actions, events or results may, could, would, might or will be taken, occur or be
achieved. Forward-looking statements involve known and unknown risks, uncertainties and other
factors which may cause the actual results, performance, or achievements of the Company to be
materially different from any future results, performance or achievements expressed or implied by
the forward-looking statements. Forward-looking statements contained herein are made as of the date
of this news release and the Company disclaims, other than as required by law, any obligation to
update any forward-looking statements whether because of new information, results, future events,
circumstances, or if managements estimates or opinions should change, or otherwise. There can be no
assurance that forward-looking statements will prove to be accurate, as actual results and future
events could differ materially from those anticipated in such statements. Accordingly, the reader is
cautioned not to place undue reliance on forward-looking statements.
 
Shares outstanding: 157,455,558
 
The Canadian Securities Exchange (CSE) has not reviewed and does not accept responsibility for
the adequacy or the accuracy of the contents of this release.
 
This press release does not constitute an offer to sell or a solicitation of an offer to buy any
of the shares, nor is it a solicitation of interest from a prospective investor.


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