BacTech Hires COO David Tingey

BacTech Hires Sustainable Mining Veteran David Tingey as New Chief

Operating Officer

Experienced International Executive and Sustainability Professional

Will Lead Ecuador Site Operations and Bioleaching Project Development

TORONTO, ON. January 4, 2022 – BacTech Environmental Corporation (CSE: BAC, OTC: BCCEF,

FSE: 0BT1) (“BacTech or the Company”), a commercially proven environmental technology

company delivering effective and eco -friendly biomining and remediation solutions, today

announced Mr. David Tingey has been hired as Chief Operating Officer. David will join BacTech’s

executive team, working closely with CEO Ross Orr, to oversee operations development and

management across the Company, setting and driving strategic recommendations that support

immediate shareholder interests in its Ponce Enriquez, Ecuador bioleaching project and its

evolving South American growth strategy.

The strategic addition of David comes on the heels of the Company announcing robust and

economically compelling results of its 3 rd party produc ed Bankable Feasibility Study for the

staged development of its 100% owner-operated bioleaching facility in Ponce Enriquez, Ecuador.

An experienced manager and sustainability professional who has developed and built on -site

capabilities across global operations for organizations including Rio Tinto, Walter Energy,

Bluestone Resources, New Pacific Metals, Global Alumina, CCC Construction and Western Coal,

David has a track record of delivering and capitalizing on positive change at site operational

levels, all complemented by sustainability best practices and extensive cons truction expertise.

Prior to his employment in the mining business, David worked for many years in different civil

project and construction roles with Ernest Green Partnership, Komex Clark Bond, and AMEY

Construction.

“David is intimately familiar with EP CMC’s Feasibility Study findings, and all engineering and

development considerations, including the proposed environmental setting, project

infrastructure and process economics expectations,” said Ross Orr, President and CEO of

BacTech. “Throughout his car eer, David has built diversified expertise in sustainable strategy,

project management and development, ESG (environmental, social and governance) initiatives

and stakeholder communications and engagement. He’s the type of informed executive that I

want dr iving execution, as he’s equally as comfortable operating in the boardroom as he is

breaking new ground on-site. I’m glad this pursuit paid off.”

“BacTech, through the innovative leadership of Ross Orr, is a company that is looking to solve the

ESG conundrum,” said David Tingey, COO of BacTech. “It is a company that will accomplish its

strategic goals by utilizing ESG, my expertise and their technology. BacTech is dedicated to

increasing and enhancing the sustainability of mining, providing us with a competitive advantage

as well as the foundations for a successful and profitable business partnership with key

community stakeholders.”

The Company also announced that, pursuant to the Company’s stock option plan, the Board of

Directors has approved the issua nce of an additional 1,100,000 options to purchase common

shares of the Company to directors, officers, employees and consultants of the Company at an

exercise price of $0.15 for a term of five years.

About the Ponce Enriquez Bioleaching Project

BacTech is planning to build a new owner -operated bioleaching facility near Ponce Enriquez,

Ecuador, in a region where arsenic is associated with gold ore (Arsenopyrite). The Company’s

plan is to build a 50 tpd bioleach plant capable of treating high gold/ arsenic material. A 50 tpd

plant, processing 1.75 ounces of gold per tonne of feed, similar to feeds available to the Company

from local miners, would produce approximately 26,000 ounces per year. Plant designs are

modular and can be expanded without affec ting ongoing production. The total concentrate

market in the Ponce Enriquez area is estimated to be between 200 and 250 tonnes per day,

allowing for increased throughput potential with a larger plant.

In total, there are over 90 small mines operating in the area. BacTech intends to return local

miner compensation back to previous payment levels, prior to a sweeping price reduction

imposed by Chinese buyers due to recent import levies on arsenic/gold concentrates entering

China. BacTech continues to investigate the prospects of establishing additional modern

bioleaching facilities across other areas of Ecuador, Peru, and Colombia. Where possible, the

Company will partner with national and local governments, non -governmental organizations

(NGOs), and others to assist with the funding of these projects.

Key Economic Highlights:

● Pre-tax NPV (Net Present Value with 5% discount rate) of $46.9M

● Pre-tax IRR (Internal Rate of Return) of 48%

● Annual Gold Production of 25,900 ounces

● Capital Cost of $15.5M

● Bioleach Operating Cost of $212 per tonne

● Assumed Purchase Prices of Concentrate - 65% of the contained gold value

● Pre-tax Earnings Prior to Employee Bonus - $8.94M

● Payback (75% DEBT) - 2 years

Additional Project Economics & Parameters:

● Plant Design Capacity -15,030 tonnes of dry concentrate per annum

● Plant Life - 20 years

● Average Gold Recovery Bioleaching – 96%

● Annual Gold Production (55 gpt average feed) - 25,900 ounces

● All-in Opex - $212 per tonne

● Up Front Capital - $15.5M

● Base Case Gold Price - $1600 per ounce

● Payback from Start of Production – 2.5 years

Project Gold Price Sensitivity:

Gold Price NPV (5%) IRR EBITA

$1,500 $41M 43% $8.1M

$1,600 $47M 47% $8.8M

$1,700 $53M 53% $9.7M

$1,800 $59M 57% $10.6M

$1,900 $65M 62% $11.4M

About BacTech Environmental Corporation

BacTech is a proven environmental technology company, delivering effective and eco -friendly

biomining and remediation solutions to commercial operations to process and recover preferred

metals (gold, silver, cobalt, and copper) smartly and safely remove and transform harmful

contaminants like arsenic into benign EPA-approved products for landfill. Tapping into numerous

environmental and economic advantages of its proprietary method of bioleaching, BacTech uses

naturally occurring bacteria, harmless to both humans and the environment, to neutralize toxic

mining sites with high- pay potential. BacTech is publicly traded on the CSE under the symbol

“BAC”; on the OTC as “BCCEF”; and the Frankfurt Stock Exchange as “OBT1”.

For further information contact:

Ross Orr

President & CEO, BacTech Environmental Corporation

416-813-0303 ext. 222,

Email: [email protected]

Website: https://bactechgreen.com/

Investor Presentation: https://bactechgreen.com/investors/

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Special Note Regarding Forward-Looking Statements

This news release 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”, “f orecasts”, “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.

Shares outstanding: 157,455,558

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accuracy of the contents of this release.

This press release 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.