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Dear Shareholder:

Below is an article on BacTech Gold which has been reproduced from the
Minesite.com web site where it is currently posted. You can also find a
pdf version on the BacTech website at the following link:

http://www.bactech.com/gold/RelatedInfo.asp

Sincerely,

M. Ross Orr
President & CEO
BacTech Mining Corporation
50 Richmond Street East, Suite 300
Toronto, Ontario M5C 1N7
Telephone:  416-813-0303 ext 222
Email: info@bactech.com
Web site: www.bactech.com

****

May 19, 2010
Minesite.com

BacTech Gold Begins To Build Scale With The Acquisition Of An Option On
An Antimony-Gold Mine In Guatemala

By Alastair Ford

A familiar face, a new company. A year or so since his reign as chief
executive at Cambrian Mining came to an end after it was acquired by
Western Canadian Coal, Mark Burridge has staged a modest comeback.
Mark's agreed to take on an executive position at BacTech Gold, a new
company that will probably also get a new name when it's spun out of
Venture Exchange-listed BacTech later in the year. BacTech's USP, if
mining companies can be said to have such things, is that it owns a
proprietary biological leaching technology that works on refractory
orebodies, amongst other things.

Given the recent sustained strength in the gold price, there are plenty
of people around the world dusting off old projects that have long been
on the shelf, either because of their refractory nature, or because
they were too small for larger companies to get to work on. The
thinking, of course, is that if they don't work at US$1,200 gold, they
never will. BacTech can help with that, and according to Mark the
company is currently involved in talks about working on between 30 and
40 different projects. Of these, he says, around half a dozen look like
really serious propositions, to add to the couple that the company is
already working on.

A couple of months ago Mark and overall BacTech supremo Ross Orr passed
through London on their way to visit the company's Armenian interests.
That was roughly at the same time that the Minesite offices here in
London burned down, which hampered attempts to affect a three-way
meeting. But in the wake of that trip Ross reported progress with the
company's evaluation of the potential of Lichkvaz-Tey refractory gold
deposit, which is currently held by the government, but for which
BacTech, or at least BacTech's partners may bid soon.

Meanwhile, earlier this month, the company closed a long-mooted deal
involving a gold asset in Guatemala. The San Ildelfonso Ixtahuacan
antimony-gold mine in Guatemala went into production back in 1969, but
closed during the recent downturn, explains Mark, because the antimony
price fell away. "We're interested in the antimony", he continues, "but
also in the gold". The company will now undertake a three month due
diligence process, after which, if it elects to proceed with the
purchase, it will make staged payments amounting to a total of C$20
million, plus a 1.5 per cent net smelter royalty to the vendor,
Caribbean Resources Group.

For the money it will get an asset comprising two key deposits,
Anabella and Los Lirios, both of which have non 43-101 compliant
resources to their name, based on a drilling campaign conducted back in
1999 by Aquest Minerals. That showed that the Anabella deposit contains
between four and five million tonnes of ore grading 2.6 grammes per
tonne gold and 0.5% antimony, while the Los Lirios deposit contains
between 1.5 million and two million tonnes 5.4 grammes per tonne gold
and 2.3% antimony.

Certainly that'll be enough to set BacTech off down the path to
becoming a gold miner, especially since there's already a working mill
on site. But exactly what form that production will take won't be clear
until after the due diligence process is over, as one thing BacTech is
still evaluating is whether it makes more sense to build a bioleaching
facility on site, or whether it would be better simply to process the
ore and ship a concentrate to a third party. "We've got a team getting
on the ground this week", says Mark. "We think we can use our
technology to get the gold", he adds. But if not, it won't, apparently,
be a deal-breaker.

While that work's taking place, BacTech Gold will continue to cast
around for further deals, and to work its way through that list of 30
to 40 projects that it's already in discussions on. As a guide, Mark
explains that the company would ideally look for a project size of
between a million and three million ounces, with a view eventually to
delivering production at the accepted small-cap industry norm of
100,000 ounces per year. The plan is to put one or two key projects
into BacTech Gold, and then to generate further revenues by licensing
the company's technology for use on other operations.

That mix of mining and licensing revenue is quite an enticing prospect,
and one that certainly appealed to Mark when mutual connections at
Baker Steel alerted him to the existence of BacTech. "I thought it was
a really interesting opportunity to build a new gold company coming out
of the blocks", he says. Exactly when it will come right out of those
blocks, and emerge as independent from its parent remains an open
question. The ducks, as they say, are not yet all in a row. But when
they are, it will definitely be a company worth watching.

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Copyright (c) 2010 BACTECH MINING CORPORATION (BM)  All rights
reserved.  For more information visit our website at
http://www.bactech.com/ or send mailto:info@bactech.com
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