BacTech Mining Corporation

BacTech Mining Corporation

June 25, 2009 09:00 ET

BacTech Reports Board Changes

TORONTO, CANADA--(Marketwire - June 25, 2009) - BacTech Mining Corporation ("BacTech" or the "Company") (TSX VENTURE:BM) held its Annual and Special Meeting of Shareholders yesterday and is pleased to announce that all resolutions to be voted on by shareholders were passed.

The Company reports that directors David L. Stevens and Peter J. George did not stand for re-election this year. Their participation during a difficult transition period for the Company was greatly appreciated. The Board thanks them for past service and wishes them well in their future endeavours.

The Board welcomes a new director, Shahzad F. Ashfaq. Mr. Ashfaq is currently a Managing Director in the Merchant Banking Group of Crosby Capital Partners Ltd. ("Crosby Capital"), where he has been employed in various positions since July 1999. Crosby Capital is an independent merchant banking and asset management group listed on the Hong Kong Stock Exchange's GEM board, with offices in Hong Kong, Singapore, the United Kingdom and representation in other parts of Asia. Within the Merchant Banking Group, Mr. Ashfaq has been involved in several M&A transactions within the resource sector, particularly in Australia, where he has led several public bids in the last five years for ASX listed companies. Prior to that, he was a Vice President with Nomura International Plc., based in London. Prior to Nomura International Mr. Ashfaq held positions with UBS Capital Markets Division and Citigroup Investment Banking Division.


BacTech owns patented bacterial oxidation technology for the treatment of refractory ores and concentrates to enhance the recovery of gold, silver and base metals. The Company's focus is the acquisition of equity positions in projects amenable to bioleaching. In June 2008, the Company signed an agreement to acquire Yamana Gold Inc.'s 33% interest in two refractory gold deposits in Papua New Guinea. In September 2008, BacTech signed an MOU to investigate the use of bioleaching to reprocess arsenic-laden tailings in Cobalt, Ontario. This is the Company's first foray into the cleantech industry. BacTech is continuing to evaluate additional remediation projects.

Shares outstanding 83,857,206

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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