BacTech Mining Corporation

BacTech Mining Corporation

March 15, 2007 15:22 ET

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

TORONTO, ONTARIO--(CCNMatthews - March 15, 2007) - BacTech Mining Corporation ("BacTech" or the "Company")(TSX VENTURE:BM) is pleased to announce the closing of its previously announced non-brokered private placement of 2,000,000 units (the "Units") of the Company at a price of $0.20 per Unit for aggregate gross proceeds of $400,000.

Each Unit consisted of one common share and one-half of one common share purchase warrant (the "Warrants"). Each Warrant entitles the holder to purchase one common share at $0.30 until March 15, 2008. All securities issued in connection with the offering and the underlying securities are subject to a four-month hold period that expires July 16, 2007. The proceeds will be using for general corporate purposes.


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 56,769,706

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

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