SOURCE: Raptor Technology Group, Inc.

February 22, 2011 17:43 ET

Raptor Technology Group and Eco Ventures Group Begin Construction of 10,000 Ton per Year Mineral Recovery Facility

GROVELAND, FL--(Marketwire - February 22, 2011) - Raptor Technology Group, Inc. (OTCBB: RAPT), who is in the process of acquiring Raptor Fabrication & Equipment, Inc. ("Raptor"), announced today that they have begun construction of their joint venture 10,000 ton capacity mineral recovery facility with Eco Ventures Group, Inc. The facility will utilize Raptor's patent pending technology. The Company took delivery of high capacity separation tanks and equipment necessary to begin the first phase of the project. Phase one will process approximately 5,000 tons of ore.

"We are focused on getting our mineral recovery plant up and running as soon as we can, and this delivery is a great start. We expect the facility to be processing our large inventory of mine tailings by the end of March," said Tom Gleason, President of Raptor. "Meanwhile, we continue our day to day recovery operations in our existing 2,000 ton plant which began production earlier in the month," continued Gleason.

Previously, Raptor announced a joint venture agreement with Eco Ventures Group to commercialize their patent pending recovery process. The recovery process targets gold, platinum, palladium, rhodium and other rare earth oxides.

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.

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