BacTech Mining Corporation
TSX VENTURE : BM

BacTech Mining Corporation

March 12, 2007 09:09 ET

BacTech Announces Non-Brokered Private Placement for $400,000

TORONTO, ONTARIO--(CCNMatthews - March 12, 2007) - BacTech Mining Corporation ("BacTech" or the "Company") (TSX VENTURE:BM) today announced that it has received commitments for a non-brokered private placement of 2,000,000 units (the "Units") at a price of $0.20 per Unit, for aggregate gross proceeds of $400,000.

Each Unit consists of one common share of the Company (the "Common Shares") and one half of one Common Share purchase warrant (each whole warrant being a "Warrant"). Each Warrant entitles the holder to purchase one common share at $0.30 for a period of one year from the date of issue.

CORPORATE PROFILE

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. Recently, the Company expanded its focus through the establishment of a uranium Joint Venture with Quinto Mining Corporation in Quebec.

Shares outstanding 54,569,706

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

Contact Information