BacTech Mining Corporation

BacTech Mining Corporation

July 10, 2008 09:00 ET

BacTech Adds Two New Directors

TORONTO, ONTARIO--(Marketwire - July 10, 2008) - BacTech Mining Corporation ("BacTech" or the "Company") (TSX VENTURE:BM), today announced the appointment of Mr. Greg Starr and Mr. Walter Cimowsky to its board of directors. Dr. Paul Miller, BacTech's Vice President of Technology & Engineering, will step down from the board to make room for the new appointees. The makeup of the board now consists of four independent members and two insiders.

Mr. Starr is currently Chairman of Australian-listed Gold Aura Limited, a position he assumed in February 2008. He has over twenty years experience in corporate financial management, with the last seventeen years focused on the resources and mining sector. From 2005 to December 2007, he was President and CEO of Golden China Resources Corporation (TSX and ASX listed) and prior to that, was CEO of its predecessor company, Michelago Limited. From 2000 to 2004, he was CEO and Managing Director of Emperor Mines Limited.

Mr. Starr holds a Bachelor of Business from the University of Technology in Sydney, and is a Certified Practicing Accountant. He is a member of the Australian Society of Certified Practicing Accountants, a fellow of the Association of Chartered Certified Accountants (UK) and a member of the Australian Institute of Company Directors.

Mr. Cimowsky is a founding partner and director of Ocean Partners Holdings Limited, a privately held company active in the global physical trading and marketing of copper, zinc, lead and precious metal concentrates. The company operates with an international network of field and agency offices. Ocean Partners provides or arranges financing for small/medium sized mining projects, and currently holds equity positions in mines located in Canada, Mexico and Turkey.

Mr. Cimowsky has over 25 years of experience in concentrate marketing, previously holding positions at Noranda Inc. and Pechiney/Alcan, before establishing Ocean Partners through a management buyout in 2004. Mr. Cimowsky holds Bachelor of Science (Geology) and MBA degrees from the University of Toronto.

Messrs Starr and Cimowsky have each been granted 150,000 options to purchase common shares of the Company at an exercise price of $0.15. They are subject to a four-month hold and have a term of five years. The total number of outstanding options under the Company's plan is 5,950,000 or approximately 9.89% of the outstanding shares.


BacTech has developed and patented bacterial oxidation technology for the treatment of refractory ores and concentrates to enhance the recovery of gold, silver and base metals. BacTech has successfully commissioned three bioleach plants for gold and demonstrated its technology in the selective recovery of base metals from complex sulphide concentrates in a joint project with Industrias Penoles de C.V. of Mexico that was completed in 2001. The Company's focus is the acquisition of equity positions in projects amenable to bioleaching.

Shares outstanding 60,107,206

The TSX Venture Exchange has not reviewed and does not accept any responsibility for the adequacy or accuracy of this release

Contact Information