Dundee Sustainable Technologies Inc.
CNSX : DST

Dundee Sustainable Technologies Inc.

November 17, 2014 08:30 ET

Dundee Sustainable Technologies to Process High Grade Gold Ore

MONTREAL, QUEBEC--(Marketwired - Nov. 17, 2014) - Dundee Sustainable Technologies Inc. ("DST") (CSE:DST) the developer and owner of proprietary technologies to serve the natural resource sector with environmentally friendly procedures, is pleased to provide further information on its progress to date.

Following the successful testing of the ore received in October 2014 from a South American gold mining operation, DST will be receiving 10 to 20 tonnes of ore for testing in its pilot plant in order to establish the feasibility of processing the material through its demonstration plant.

The sample furnished to DST for testing contained the following:

Au
(g/t)
Ag
(g/t)
ST
(%)
Fe
(%)
Ca
(%)
Cr
(%)
Mn
(%)
Pb
(%)
Ti
(%)
Zn
(%)
445 19 0.15 58.7 0.44 0.08 0.24 0.05 1.64 0.07

Initial testing, using DST's extraction process on the material, achieved gold recoveries in excess of 99%. This material may be processed by DST, at a rate of 15 tonnes per day, once the demonstration plant becomes operational in March 2015.

About DST

The cyanide and mercury free gold extraction process developed by DST, has been recognized as a "green technology" for which DST has been awarded $5,700,000 in grants to date for a demonstration plant, presently under construction in Thetford Mines Quebec of which $700,000 has been provided by the Government of Quebec and $5,000,000 by the Government of Canada through the Sustainable Development Technology Fund. The plant is scheduled to go into operation at the end of March 2015.

Over the last ten years DST 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 engineering study supports DST's claim of having operated a pilot plant showing a gold extraction yield higher than 90% using a closed-circuit chlorination process

The technical information in this press release was prepared and approved by Jean-Philippe Mai, P.Geo. a "qualified person" as defined in National Instrument 43-101.

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.

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.

Contact Information