Dundee Sustainable Technologies Inc.

Dundee Sustainable Technologies Inc.

April 08, 2014 08:00 ET

Dundee Sustainable Technologies Starts Trading on the Canadian Securities Exchange

MONTREAL, QUEBEC--(Marketwired - April 8, 2014) - Dundee Sustainable Technologies Inc. ("DSTI") the developer and owner of proprietary technologies to serve the natural resource sector is pleased to announce that it is trading on the Canadian Securities Exchange as of this morning (CSE:DST).

About DSTI

The cyanide-free gold extraction process developed by DSTI, has been recognized as a "green technology" for which it has been awarded to date, $5,700,000 in grants of which $700,000 has been provided by the Government of Quebec and $5,000,000 from the Sustainable Development Technology Fund of Canada for the construction of a demonstration plant.

Over the last ten years DSTI has tested over 50 different gold deposits, both oxide and sulfide ores at the lab level and at its pilot plant. These tests have, consistently achieved gold recoveries in excess of 90%, using chlorination instead of cyanide. In addition, the tailings from the process are inert from toxic substances and as result meet environmental norms. An independent engineering study completed within the last 12 months supports DSTI's claim of having operated a pilot plant showing a gold extraction yield higher than 90% using a closed-circuit chlorination process.

To date the Company has obtained 25 patents in 19 countries for its technologies for the extraction of precious metals and base metals as well as the neutralization of arsenic and production of fertilizer and has 14 pending patent applications worldwide for its technologies.

FORWARD LOOKING STATEMENTS: This press release contains forward-looking statements that address future events and conditions, which are subject to various risks and uncertainties. Actual results could differ materially from those anticipated in such forward-looking statements as a result of numerous factors, some of which may be beyond the Corporation's control. These factors include: results of exploration activities, general market and industry conditions, and other risks disclosed in the Corporation's filings with Canadian Securities Regulators.

Forward-looking statements are based on the expectations and opinions of the Corporation's management on the date the statements are made. The assumptions used in the preparation of such statements, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The Corporation expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by applicable law. Depending on exploration results and available financing, the Corporation may at any point modify its work program.

The Canadian Securities Exchange has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this press release.

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