BacTech Mining Corporation

BacTech Mining Corporation

March 28, 2007 09:15 ET

BacTech Commences Drilling on Quinto Uranium Project

Company Grants Options

TORONTO, ONTARIO--(CCNMatthews - March 28, 2007) - BacTech Mining Corporation ("BacTech" or the "Company")(TSX VENTURE:BM) today announced that drilling commenced March 25 on the Godbout "A" uranium project. The Godbout "A" project is the site of a shallow hole drilled in 1969 that encountered uranium mineralization. The drilling program will consist of 10 holes, beginning with a twinning of the 1969 drill hole, and is expected to take at least 3 weeks to complete.

The Company also announced the granting of 500,000 options to purchase common shares of BacTech to Dr. Paul Miller, Vice President of Technology and Engineering. The options are exercisable at $0.30 for a period of 5 years. The total number of outstanding options under the Company's plan is 4,285,000, or approximately 7.45% 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. Recently, the Company expanded its focus through the establishment of a uranium Joint Venture with Quinto Mining Corporation in Quebec.

Shares outstanding 57,457,206

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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