SOURCE: Raptor Technology Group, Inc.

March 30, 2011 18:24 ET

Raptor Takes Delivery of 30 Tons of Ore for Processing

Mineral Recovery Process Targets Gold, Platinum, Rhodium, Rare Earth Oxides

GROVELAND, FL--(Marketwire - March 30, 2011) - Raptor Technology Group, Inc., (OTCBB: RAPT) who is in the process of acquiring Raptor Fabrication & Equipment, Inc., ("Raptor") announced today that it has taken delivery of an additional 30 tons of ore to be processed as part of its contract with Washoe Custom Processors, LLC ("Washoe"). Using its patent pending separation technologies, Raptor is able to recover an average of 60-70% of the precious metals in the hard rock ore from the Washoe mine tailings. Raptor has received a total of 130 tons of ore since the contract began.

"Our mineral recovery process is proving itself with favorable results from the first 20 tons we have received and processed from our partner Washoe with an estimated average value of $25,000 per ton. The long term contract we have in place and latest ore shipment we have received will allow us to continuously recover high value precious metals from the tailings and expand our production capacity," said Tom Gleason, President of Raptor. "We are also evaluating professional firms to complete a 43-101 report on the tailings that will help us address the best means of processing ore in the shortest timeframe," added Gleason.

A recent study of the mine tailings has estimated over 12,000,000 tons of tailings for processing in the current contract area.

Raptor's mineral recovery process targets gold, platinum, palladium, rhodium, rare earth oxides, and similar high-value metals and has capture rates that are three to five times the industry standard.

About Raptor Technology Group, Inc.
Raptor Technology Group, Inc. has signed a "Plan of Merger Agreement" with Raptor Fabrication & Equipment, Inc. and anticipates the business combination to be completed shortly. Raptor Fabrication & Equipment, Inc. is a technology supplier that provides eco-friendly and green solutions to global issues. The company is committed to developing reliable fuel and energy alternatives by making them both dependable and economically appealing to the manufacturer as well as the consumer. Additional patent pending technology has also been developed to recover rare earth minerals from endless miles of mine tailings. This technology provides an eco-friendly means of recycling these mine tailings both economically and profitably.

Raptor Technology Group, Inc. has positioned itself to become a leader in the biofuel and mining industries with their advanced proprietary biofuel production technology and mineral recovery technologies. Their constant drive for eco-friendly business solutions and economically profitable business models will secure Raptor Technology Group, Inc. as a leader in alternative energy and remediation sectors.

Safe Harbor statement under the Private Securities Litigation Reform Act of 1995: The statements in this release relating to completion of the acquisition of Raptor Fabrication & Equipment, Inc. by Raptor Technology Group, Inc. and the positive direction are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Some or all of the results anticipated by these forward-looking statements may not occur. Factors that could cause or contribute to such differences include, but are not limited to, contractual difficulties which may arise, the failure to obtain necessary approvals, the future market price of Raptor Technology Group, Inc. common stock, the ability to obtain the necessary financing and the failure of Raptor Technology Group, Inc. to complete the acquisition of Raptor Fabrication & Equipment, Inc.

Contact Information