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Re: News Release - Thursday, July 10, 2008
Bactech Adds Two New Directors
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Toronto, Canada, July 10, 2008 - BacTech Mining Corporation ("BacTech"
or the "Company", TSX-V: BM) today announced the appointment of Mr.
Greg Starr and Mr. Walter Cimowsky to its board of directors. Dr. Paul
Miller, BacTech's Vice President of Technology & Engineering, will step
down from the board to make room for the new appointees. The makeup of
the board now consists of four independent members and two insiders.
Mr. Starr is currently Chairman of Australian-listed Gold Aura Limited,
a position he assumed in February 2008. He has over twenty years
experience in corporate financial management, with the last seventeen
years focused on the resources and mining sector. From 2005 to
December 2007, he was President and CEO of Golden China Resources
Corporation (TSX and ASX listed) and prior to that, was CEO of its
predecessor company, Michelago Limited. From 2000 to 2004, he was CEO
and Managing Director of Emperor Mines Limited.
Mr. Starr holds a Bachelor of Business from the University of
Technology in Sydney, and is a Certified Practicing Accountant. He is
a member of the Australian Society of Certified Practicing Accountants,
a fellow of the Association of Chartered Certified Accountants (UK) and
a member of the Australian Institute of Company Directors.
Mr. Cimowsky is a founding partner and director of Ocean Partners
Holdings Limited, a privately held company active in the global
physical trading and marketing of copper, zinc, lead and precious metal
concentrates. The company operates with an international network of
field and agency offices. Ocean Partners provides or arranges
financing for small/medium sized mining projects, and currently holds
equity positions in mines located in Canada, Mexico and Turkey.
Mr. Cimowsky has over 25 years of experience in concentrate marketing,
previously holding positions at Noranda Inc. and Pechiney/Alcan, before
establishing Ocean Partners through a management buyout in 2004. Mr.
Cimowsky holds Bachelor of Science (Geology) and MBA degrees from the
University of Toronto.
Messrs Starr and Cimowsky have each been granted 150,000 options to
purchase common shares of the Company at an exercise price of $0.15.
They are subject to a four-month hold and have a term of five years.
The total number of outstanding options under the Company's plan is
5,950,000 or approximately 9.89% of the outstanding shares.
BACTECH PROFILE
BacTech has developed and patented bacterial oxidation technology for
the treatment of refractory ores and concentrates to enhance the
recovery of gold, silver and base metals. BacTech has successfully
commissioned three bioleach plants for gold and demonstrated its
technology in the selective recovery of base metals from complex
sulphide concentrates in a joint project with Industrias Pe�oles de
C.V. of Mexico that was completed in 2001. The Company's focus is the
acquisition of equity positions in projects amenable to bioleaching.
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For further information contact:
Ross Orr, President & CEO, 416-813-0303 ext 222
Investor Relations:
Pierre Anglos 1-800-436-2027 Email: capitalgainsco@shaw.ca
Shares outstanding 60,107,206
The TSX Venture Exchange has not reviewed and does not accept any
responsibility for the adequacy or accuracy of this release
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Copyright (c) 2008 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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