BAC.CN · 2020-04-24 12:00:00

BacTech Update on Annual Filings

Financials

April 24, 2020

Toronto, Canada. BacTech Environmental Corporation (“BacTech or the Company”) (CSE:BAC,

OTC:BCCEF) announced that, as a result of the COVID -19 pandemic, it will be relying on the

coordinated relief provided by the securities regulators which consists of a 45- day extension for

certain periodic filings, as announced by the Canadian Securities Administrators (“CSA”) on

March 18, 2020, with respect to the filing of its annual financial statements, management's

discussion and analysis, and related officer certificates for its financial year ended December 31,

2019.

On March 18, 2020, the Canadian Securities Administrators (“CSA”) announced they would be

providing issuers with a 45 -day extension for filings required to be made on or prior to June 1,

2020 as a result of the COVID-19 pandemic. As such, the Ontario Securities Commission (“OSC”)

Requirements (“OSC 51-502”). More specifically, the Company intends to postpone the filing of

its annual consolidated financial statements and accompanying management’s disc ussion and

analysis and related CEO and CFO certificates for the financial period ended December 31, 2019,

which are required to be filed by April 29, 2020, under sections 4.2 and 5.1(2) of National

Instrument 51-102 – Continuous Disclosure Obligations.

The Company confirms that there have been no material developments, other than those

disclosed through news releases, since the filing of its condensed interim consolidated financial

statements for the period ended September 30, 2019. The Company would like to note that it

has filed a Regulation A offering memorandum in the United States and continues with this

process. Should material business developments occur, the Company will update shareholders

accordingly.

The Company is continuing to work diligentl y and expeditiously to file the Annual Filings and

currently expects to have them filed before the deadline of June 1, 2020.

Additionally, the Company advises that management and other insiders of the Company are

subject to a trading black-out policy as described, in principle, in section 9 of National Policy 11 -

207, Failure to-File Cease Trade Orders and Revocations in Multiple Jurisdictions.

ABOUT BACTECH

BacTech is promoting the use of its proprietary bioleach processing technology to treat historic

arsenopyrite concentrates and tailings produced in the Ponce Enriquez area of Southern

Ecuador.

BacTech has agreed to participate with a group looking to reprocess the Arsenic Stockpile in Snow

Lake, Manitoba as a technology partner.

For further information contact: Ross Orr, President & CEO, BacTech Environmental Corporation/

416-813-0303 ext. 222, Cell 416-346-5529 and Email: [email protected]

Robin Cook, Investor Relations: 416-809-1738, Email: [email protected]

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 ope rating

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 bel ieves” 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 ev ents, 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: 103,287,089

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.

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