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REBgold Corporation RBGCF



GREY:RBGCF - Post by User

Post by RX4H1N1on Dec 10, 2010 10:17pm
273 Views
Post# 17832727

BAC News Release - Dec.08, 2010

BAC News Release - Dec.08, 2010

PRESS RELEASE CNSX: BAC

BACTECH ENVIRONMENTAL APPOINTS DIRECTOR

Toronto, Canada, December 8, 2010 - BacTech Environmental Corporation (“BEC” or the

“Company”, CNSX: BAC) today announced that it has appointed a new member to its board of

directors.

MaryAnn Mihychuk has accepted an invitation to join the board of BEC effective immediately.

Ms Mihychuk is a professional geoscientist with over 33 years of experience in the mining

industry. She presently advises public and private companies on issues related to governance,

social responsibility and regulatory matters. Prior to that, she was Director of Corporate

Relations for HudBay Minerals (2007-2009). She also held the position of Minister of Mines in

the Manitoba government (1999-2004) and served as a member of the Manitoba Legislature for

nine years.

MaryAnn has extensive community engagement experience with Canada’s Aboriginal Peoples

and was instrumental in building a relationship between the Prospectors and Developers

Association of Canada (PDAC) and Assembly of First Nations. Ms Mihychuk is also the Founder

and Chair of Women in Mining Canada and she sits on the board of the PDAC.

The BEC board of directors has also approved the issuance of 2,100,000 options to purchase

common shares of the Company to twelve directors, officers, employees and consultants of the

Company. The exercise price of the options is
.15. They are subject to a four-month hold and

have a term of 5 years.

The total number of outstanding options under the Company’s plan is 2,100,000 or

approximately 7.8% of the outstanding shares.

BacTech profile

BacTech Environmental Corporation was recently created through a Plan of Arrangement

whereby shareholders of the former BacTech Mining Corporation (“BMC”), renamed REBgold

Corporation, were issued, in exchange for their BMC shares, 1 share of REBgold Corporation

and 1/5th of one share of BacTech Environmental. BEC holds the exclusive rights to use

REBgold's patented bioleaching technology for reclamation of tailings and concentrate

processing.

- 30 -

For further information contact:

Ross Orr, President & CEO: 416-813-0303 ext 222

Email: info@bactechgreen.com

Shares outstanding 26,720,107

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