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Re: News Release - Tuesday, May 27, 2008
Bactech Hires Vicarage Capital Limited
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Toronto, May 27, 2008 - BacTech Mining Corporation ("BacTech" or the
"Company") today announced that it has engaged the services of Vicarage
Capital Limited ("VCL") of London, U.K., to provide investor relations
services to the Company, predominantly in Europe. Pursuant to the
agreement, fees to be paid to VCL will be based on the number of days
worked and invoiced on a trip by trip basis. The agreement is subject
to regulatory approval from the TSX Venture Exchange.
Established in 2003, VCL is a privately owned corporate development,
investor relations and stockbroking firm, focused on supporting small
and mid cap natural resource companies. VCL will use its wide network
of contacts in the UK and mainland Europe to present BacTech's
refractory gold acquisition initiative, and will be the first point of
reference for investors interested in the Company. BacTech is currently
involved in negotiations on several refractory gold deposits.
VCL will organize initial presentations to potential investors in
Europe on June 17-20, 2008. In connection therewith, BacTech will pay
a daily fee of ?3,500 plus expenses.
VCL is at arm's length to BacTech and does not currently hold any
interest, directly or indirectly, in BacTech's securities and does not
have any rights to acquire such an interest.
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. BacTech's strategy is to build an inventory of
refractory gold deposits inevitably leading to production using its
bioleaching technology.
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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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