VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 05/30/11 -- BioteQ Environmental Technologies Inc. (TSX: BQE) a leader in the treatment of industrial waste water using their proprietary sulphide technologies, announces that the Company has signed a fee-based contract with Compania Minera Maricunga, a wholly-owned subsidiary of Kinross Gold, to provide process review and commissioning services for a 750 m3/h SART plant currently under construction at the Maricunga Mine located near Copiapo, Chile. BioteQ's services include engineering and operations review focused on the plant start-up including safety and environmental performance, preparation of operating manuals and procedures, training of local operators, and on site engineering supervision of the SART plant operation during commissioning. BioteQ's services have commenced immediately.
Brad Marchant, BioteQ's Chief Executive Officer, stated, 'We are pleased to be working with the team at Kinross and Compania Minera Maricunga to share our know-how in the design and operation of SART for gold processing. BioteQ's team of engineers and operators have a decade of proven experience delivering safe and reliable sulphide precipitation processes which are a component of SART operations. We look forward to our work at the Maricunga site.'
The SART process (sulphidization-acidification-recycle-thickening), developed by SGS Lakefield and Teck Corporation, has been proven to increase resource recovery, reduce operating costs, and improve the environmental footprint for copper-gold deposits. BioteQ has designed and successfully commissioned two SART plants and currently has other SART projects in the early design stages.
BioteQ Corporate Profile
BioteQ creates custom water treatment solutions to recover dissolved metals and remove sulphate from water impacted by mining, energy and industrial activities. The company's clean technologies convert wastewater into a useful resource while delivering lower life cycle costs for water treatment. BioteQ has designed and built 14 plants at sites in Canada, the US, Mexico, Australia and China, with additional projects in development.
BioteQ's sustainable water treatment solutions have been recognized with national and international awards for innovation and sustainability. BioteQ is headquartered in Vancouver, Canada, and trades on the TSX under the symbol BQE. For additional information, please go to www.bioteq.ca.
On behalf of the Board of Directors
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION
Except for statements of historical fact relating to the Company, certain information contained herein constitutes 'forward-looking statements' within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. Forward-looking statements are frequently characterized by words such as 'plan,' 'expect,' 'project,' 'intend,' 'believe,' 'anticipate' and other similar words, or statements that certain events or conditions 'might' or 'will' occur. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. These factors include the inherent risks involved in the development, construction and operation of water treatment plants, variations in water quality, fluctuating metal prices, the possibility of project cost overruns or unanticipated costs and expenses, uncertainties relating to the availability and costs of financing needed in the future and other factors described in the section entitled 'Risks' in the Company's Annual Report for the Year Ended December 31, 2010. Circumstances or management's estimates or opinions could change. The reader is cautioned not to place undue reliance on forward-looking statements.
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