BacTech Announces Private Placement

BacTech Raises $320,000 in Private Placement

Proposed Ponce Enriquez Bioleaching Site Now Selected

TORONTO, ON., September 23, 2021 – BacTech Environmental Corporation

(OTC:BCCEF, CSE:BAC) (“BacTech or the Company”), a commercially proven

environmental technology company delivering effective biomining metal recovery

and eco-friendly remediation solutions, announced today that it has received

commitments totaling $320,000 to complete a private placement (the “Private

Placement”) of 3,200,000 units (the “Units”) in the Company.

Each Unit, priced at $0.10 per Unit, is comprised of one common share (each a

“Share”) and one common share purchase warrant (each a “Warrant”) in the

capital of the Company. Each whole Warrant will entitle the holder to acquire one

additional common share (a “Warrant Share”) in the capital of the Company at a

at a price of $0.20 for a period of two years from the date the Units are issued. If

during the exercise period of the Warrants the Company's shares trade at $0.40 per

share or higher for a period of 20 consecutive trading days on the CSE. the

Company may provide notice in writing to the holders of the Warrants that the

expiry date will be accelerated 30 days from the date of providing such notice (the

“Early Acceleration”).

“Things are moving quickly with our Ponce Enriquez bioleaching project and other

recently announced developments.” said Ross Orr, President and CEO of

BacTech. “This capital injection is being raised with strategic investors to ensure

Feasibility Study expediency and that the Permitting process gets underway.

We’ve now optioned a parcel of land in the Ponce Enriquez vicinity to host our

proposed plant, and payment for the property will be made once we have a positive

Feasibility Study in hand.”

About the Ponce Enriquez Bioleaching Project

BacTech is planning to build its new owner-operated bioleaching facility in Ponce

Enriquez, Ecuador, in a region where arsenic is well-known to exist in the gold

ore. The Company’s plan is to build a 50 tpd bioleach plant capable of treating

high gold/arsenic material. A 50 tpd plant, processing 1.5 ounces of gold per tonne

of feed, similar to feeds available to the Company, would produce approximately

26,000 ounces per year. Plant designs are modular and can be expanded without

affecting ongoing production.

BacTech continues to investigate the prospects of establishing additional modern

mining operations across other areas of Ecuador, Peru, Colombia, and Central

America. 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.

About BacTech Environmental Corporation

BacTech is a proven environmental technology company, delivering effective and

eco-friendly biomining and remediation solutions to commercial operations to

smartly process and recover preferred metals (gold, silver, cobalt, and copper) 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” and on the OTC as “BCCEF”.

For further information contact:

Ross Orr

President & CEO, BacTech Environmental Corporation

416-813-0303 ext. 222

Follow us on:

Facebook http://www.facebook.com/BacTechGreen

Twitter http://twitter.com/BacTechGreen

LinkedIn http://www.linkedin.com/company/1613873

Vimeo http://vimeo.com/bactechgreen

YouTube http://www.youtube.com/user/bactechgreen

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”,

“forecasts”, “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: 141,342,204

The Canadian Securities Exchange (CSE) has not reviewed and does not accept

responsibility for the adequacy or the 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.