BM BC Moly Ltd

BacTech Mining Corporation ("BacTech" or the "Company")(TSX VENTURE:BM) today
announced that it has closed the third and final tranche of its non-brokered
private placement announced September 10, 2009, for total gross proceeds from
this tranche of $25,000.


All securities issued for the third tranche of the offering, and the underlying
securities, are subject to a four-month hold period that expires February 16,
2010, with the one-year warrants expiring October 15, 2010. 


In total, BacTech issued 5,282,500 million units at $0.08 for gross proceeds of
$422,600. Each unit consists of one common share and one half of a common share
purchase warrant. A full warrant entitles the holder to purchase one common
share at $0.12 for a period of one year from the date of closing. 


In connection with the offering, BacTech will pay to an arm's length party a
finder's fee in the amount of $960.00. BacTech will also issue 440,000 finder's
warrants to an arm's length party who assisted in the financing. The finder's
warrants, exercisable at a price of $0.08, have a one-year term expiring October
15, 2010, and are subject to a four-month hold period that expires February 16,
2010. Two insiders participated in the private placement: Ross Orr, President &
CEO, purchased 312,500 units, and a Director, Walter Cimowsky, purchased 100,000
units.


Completion of the private placement is subject to final approval by the TSX
Venture Exchange.


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 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.


Shares outstanding 89,264,706

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