BioteQ Environmental Technologies Inc.
TSX : BQE

BioteQ Environmental Technologies Inc.

June 22, 2009 08:30 ET

BioteQ Commences Water Treatment Operations at Raglan

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 22, 2009) - BioteQ Environmental Technologies Inc. (TSX:BQE), a leader in the treatment of industrial waste water, announced that it has commenced water treatment operations for the 2009 season at its Raglan plant, located in Nunavik (Northern Quebec) at Xstrata Nickel's Raglan Mine. BioteQ is responsible for operating its proprietary ChemSulphide® plant, as well as the Spoon lime treatment plant at the site, treating water from surface operations to meet strict water quality criteria for discharge to the environment.

This will be BioteQ's fifth year of operation at the Raglan Mine site owned by Xstrata Nickel. Xstrata is strongly committed to the best sustainable development practices, and has chosen to work with BioteQ to apply innovative water treatment technologies which produce clean water to meet stringent water quality criteria set by provincial and Nunavik regulations. The ChemSulphide® plant is owned and operated by BioteQ, and is ISO 14001 certified for environmental compliance. The plant is budgeted to treat 750,000 cubic meters of water for the 2009 operating season. A new stand-by charge is in place, in the event that the rate of snow melt delays water treatment.

In addition, following successful operation of the Spoon water treatment plant in 2008, BioteQ has secured a 2 year, fee-based contract with Xstrata Nickel to assume operating responsibility for the Spoon plant at the site. BioteQ will provide operating staff on a cost-plus fee basis.

BioteQ Corporate Profile

BioteQ is a water treatment company that applies innovative technologies and operating expertise to solve challenging water treatment problems, reducing environmental liabilities while delivering lower life cycle costs for water treatment. The Company treats industrial wastewater contaminated with dissolved heavy metals and sulphate, producing saleable by-products and clean water that can be discharged safely to the environment. BioteQ has built 8 plants at sites in Canada, the US, China, Australia and Mexico, with additional projects in design and construction.

BioteQ's sustainable water treatment solutions have been recognized with the Globe Award for Environmental Excellence, the PDAC Award for Environmental and Social Responsibility, the China Mining Environmental Protection Award, and the Mines & Money Sustainable Development Award, and BioteQ has been named one of Canada's Top 50 Most Socially Responsible Companies. BioteQ is headquartered in Vancouver, Canada, and trades on the TSX under the symbol BQE. For additional information, please go to www.bioteq.ca.

On behalf of the Board of Directors

Brad Marchant

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION

Except for statements of historical fact relating to the Company, certain information contained herein constitutes "forward-looking statements" within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. Forward-looking statements are frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate" and other similar words, or statements that certain events or conditions "might" or "will" occur. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. These factors include the inherent risks involved in the development, construction and operation of water treatment plants, variations in water quality, fluctuating metal prices, the possibility of project cost overruns or unanticipated costs and expenses, uncertainties relating to the availability and costs of financing needed in the future and other factors described in the section entitled "Risks" in the Company's Annual Report for the Year Ended December 31, 2008. Circumstances or management's estimates or opinions could change. The reader is cautioned not to place undue reliance on forward-looking statements.

The Toronto Stock Exchange has not reviewed and does not accept responsibility for the adequacy or the accuracy of this release.

Contact Information

  • BioteQ Environmental Technologies Inc.
    Tanja McQueen
    Corporate Development
    604-685-1243 or 1-800-537-3073
    or
    BioteQ Environmental Technologies Inc.
    Caren Holtby
    Investor Relations
    604-685-1243 or 1-800-537-3073
    604-685-7778 (FAX)
    investor@bioteq.ca
    www.bioteq.ca