Mining Discovery

Patience is a virtue… I guess. So, what does that mean for BacTech and its shareholders?


Hi everyone,

The long-awaited signature from the President of Ecuador on the new consultation process finally happened. Patience is a virtue… I guess. So, what does that mean for BacTech and its shareholders?

First, it sets in motion the approval process that will be conducted by the government. We are by-standers to the process, but we have provided some backup video and the like to assist them in selling the project to the local community. Having visited Tenguel numerous times you get the feeling that the project will be welcomed by the locals. As the press release states, the income level of most of the new hires will be substantially higher than what they achieve through cocoa farming. In addition, we hope to be able to provide some financial education to the new employees who will be presented with an income that far surpasses anything they have received in the past. As I have said many times before, when was the last time you heard a good lottery story?

I have sat down with the Minister of the Environment, Jose Davalos, as recently as last month and I commend him for shepherding this critical decree through to fruition. Obviously, we also commend President Lasso, who as you know, has had a difficult time recently to say the least. Minister Davalos has said the project is one that he follows closely as it provides a positive spin to mining. We can mine with better technology and we can mine cleaner than we have in the past.

Finally, with respect to the other milestone, the Green Bond, we are working closely with Sequestr to provide a final package of information to be submitted to Moody’s for their consideration. This package should be sent out shortly and hopefully we will get a quick turnaround and receive the certification we need to begin marketing the bond. We are working with Analytica Securities of Quito, Ecuador as our agent of record.

Ross OrrPresident & CEO, BacTech Environmental Corporation

Work: 416-813-0303 ext. 222Email: borr@bactechgreen.comWebsite:



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This email contains “forward-looking information”, which may include, but is not limited to, statements with respect to future tailings sites, sampling or other investigations of tailing sites, the Company’s ability to make use of infrastructure around tailings sites or operating performance of the Company and its projects. Often, but not always, forward-looking statements can be identified using words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or believes” or variations (including negative variations) of such words and phrases, or state that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance, or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Forward-looking statements contained herein are made as of the date of this news release and the Company disclaims, other than as required by law, any obligation to update any forward-looking statements whether because of new information, results, future events, circumstances, or if management’s estimates or opinions should change, or otherwise. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, the reader is cautioned not to place undue reliance on forward-looking statements.

The Canadian Securities Exchange (CSE) has not reviewed and does not accept responsibility for the adequacy or the accuracy of the contents of this release.This email does not constitute an offer to sell or a solicitation of an offer to buy any of the shares, nor is it a solicitation of interest from a prospective investor.

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