BacTech Receives Commitments for Private Placement

* Reuters is not responsible for the content in this press release.

Mon Mar 30, 2009 12:08pm EDT

  TORONTO, CANADA, Mar 30 (MARKET WIRE) -- 
BacTech Mining Corporation ("BacTech" or the "Company")(TSX VENTURE: BM)
today announced that it has received initial commitments for its
financing of approximately $450,000 which will allow the Company to
repurchase its $3 million debenture commitment. A second closing is
anticipated shortly for the balance of the $750,000 financing announced
on March 16, 2009.

    Proceeds from the financing will be used for:

    - retiring the debenture,

    - closing the Papua New Guinea ("PNG") transaction with Yamana Gold Inc.
(previously announced June 18, 2008), and,

    - the environmental studies near Cobalt, Ontario for the Castle Mine
tailings project.

    BACTECH PROFILE

    BacTech owns patented bacterial oxidation technology for the treatment of
refractory ores and concentrates to enhance the recovery of gold, silver
and base metals. The Company's focus is the acquisition of equity
positions in projects amenable to bioleaching. In June 2008, the Company
signed an agreement to acquire Yamana Gold Inc.'s 33% interest in two
refractory gold deposits in Papua New Guinea. In September 2008, BacTech
signed an MOU to investigate the use of bioleaching to reprocess
arsenic-laden tailings in Cobalt, Ontario. This is the Company's first
foray into the cleantech industry. BacTech is continuing to evaluate
additional remediation projects.

    CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION

    Except for statements of historical fact relating to the Company, certain
information contained herein constitutes "forward-looking statements".
Forward-looking statements are frequently characterized by words such as
"plan," "expect," "project," "intend," "believe," "anticipate" and other
similar words, or statements that certain events or conditions "may" or
"will" occur.

    Forward-looking statements are based on the opinions and estimates of
management at the date the statements are made, and are subject to a
variety of risks and uncertainties and other factors that could cause
actual events or results to differ materially from those projected in the
forward-looking statements. These factors include the inherent risks
involved in the exploration and development of mineral properties, the
uncertainties involved in interpreting drilling results and other
ecological data, fluctuating metal prices, the possibility of project
cost overruns or unanticipated costs and expenses, uncertainties relating
to the availability and costs of financing needed in the future and other
factors described in the section entitled "Risks" in the Company's
Management Discussion and Analysis for the Year Ended December 31, 2007.
Circumstances or management's estimates or opinions could change. The
reader is cautioned not to place undue reliance on forward-looking
statements.

    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

Contacts:
BacTech Mining Corporation
Ross Orr
President & CEO
416-813-0303 ext 222
www.bactech.com

Investor Relations:
Pierre Anglos
1-800-436-2027
capitalgainsco@shaw.ca

Copyright 2009, Market Wire, All rights reserved.

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