SOURCE: Raptor Technology Group, Inc.

February 09, 2011 12:01 ET

UPDATE: Raptor Technology Group Signs Long Term Contract for Mineral Recovery

Recovery Targets Gold, Platinum, Palladium and Rare Earth Oxides

GROVELAND, FL--(Marketwire - February 9, 2011) - Raptor Technology Group, Inc. (OTCBB: RAPT) today announced the company it is in the process of acquiring, Raptor Fabrication and Equipment, Inc. ("Raptor") has signed a long term contract with Washoe Custom Processing, LLC, a Salt Lake City, Utah based mineral operation. This contract will allow Raptor to process more than 2,000 tons of ore per year. Using Raptor's patent pending mineral recovery method, the Company expects to capture 60-70% of the precious metals that are in the hard rock ore deposits from the Washoe mine tailings. The recovery process targets gold, platinum, palladium, rhodium and rare earth oxides.

Raptor has received several tons of mine tailings from Washoe into its Florida facility for processing. The Raptor process uses advanced chromatography and innovative separation technologies that allow for the recovery of more precious and rare earth metals that were previously too expensive to remove from mine tailings. In addition to its low cost of mineral recovery, the process allows for over 95% recycling of the chemicals used in extraction.

"Our contract with Washoe will allow us to utilize our technology platform to make recovery of rare earth minerals and precious metals an economically viable operation. This venture is the first step in enabling us to deliver valuable rare earth minerals and precious metals to the U.S. market without relying on importation," said Tom Gleason, President of Raptor.

The Washoe sites' surface ore deposit covers 300 acres, and runs to depth of 25 feet. This is equivalent to over 12 million cubic yards of mineable materials, representing over 25 million tons of potentially mined ore.

About Raptor Technology Group, Inc.
Raptor Technology Group, Inc. has signed a "Plan of Merger Agreement" with Raptor Fabrication and Equipment and Raptor Technology Group, 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 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 as a leader in alternative energy and remediation sectors.

Statements made about our future expectations are forward-looking statements and subject to risks and uncertainties as described in our most recent filings made with the US Securities and Exchange Commission, and are subject to change at any time. Our actual results could differ materially from these forward-looking statements. We undertake no obligation to update publicly any forward-looking statement.

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