BioteQ Environmental Technologies Inc.
TSX : BQE

BioteQ Environmental Technologies Inc.

November 24, 2008 08:30 ET

BioteQ Plant Wins 2008 China Mining Environmental Protection Award

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 24, 2008) - BioteQ Environmental Technologies Inc. (TSX:BQE), a leader in the treatment of metal and sulphate contaminated water, is pleased to announce that its water treatment operation in Dexing, China has won the 2008 China Mining Environmental Protection Award. BioteQ's joint venture partner, Jiangxi Copper Company, accepted the award at a ceremony in Beijing on November 12, during the annual China Mining industry event.

"We congratulate our joint venture partner, Jiangxi Copper Company, and our operations staff at the plant, for receiving this prestigious award," stated Brad Marchant, BioteQ's CEO. "The award recognizes Jiangxi Copper's leadership in protecting and preserving the environment by applying innovative technologies that deliver sustainable water treatment for acid mine drainage produced at the Dexing mine site. We are pleased to be their technology partners."

Jiangxi Copper Company Limited is China's largest copper production company, and is an important producer of sulphur, gold, and silver. The company has partnered with Vancouver-based BioteQ Environmental Technologies to deploy BioteQ's innovative industrial wastewater treatment process at up to 6 sites, including the Dexing mine located in southeastern China. Acid mine drainage is produced at the Dexing site when precipitation falls on the mine's waste dumps and low-grade stockpiles. The water becomes acidic, dissolving residual metals contained in the rock, which results in metal-contaminated wastewater that requires treatment to meet environmental regulations.

The Dexing water treatment plant recovers dissolved copper from the mine wastewater, producing a saleable copper product that pays for the cost of water treatment, and treated water that is re-used at the mine site. The plant was commissioned in April 2008, and has already delivered significant environmental benefits. In its first 6 months of operations the plant treated 3 billion litres of wastewater and recovered more than 700,000 pounds of copper.

BioteQ Corporate Profile

BioteQ builds, owns and operates industrial water treatment plants, reducing environmental liabilities while generating revenue from waste water. The Company's commercially proven technology treats acid mine drainage and other metal-laden waste water by sequentially removing metals and sulphate, producing saleable metal 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 7 more projects in design and construction. 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, 2007. 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)
    Email: investor@bioteq.ca
    Website: www.bioteq.ca