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OTC PINK: BCCEF
WKN: A1H4TY
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 September 11, 2006
Codelco Exercises Right of First Refusal Over Jeronimo Interest

 Toronto, September 11, 2006 - BacTech Mining Corporation ("BacTech" or the "Company") reports that their partner, Intrepid Mines Limited ("Intrepid"), has received notification from Codelco that it is proceeding to exercise its right of first refusal on the Jeronimo gold project in Chile, and has now acquired 100% of the property. As a consequence, the Intrepid and BacTech partnership will not proceed to acquire Goldcorp's interest in this project.

Given the refractory nature of Jeronimo, BacTech will continue to pursue discussions with Codelco to obtain a direct interest in Jeronimo.

BacTech continues to evaluate projects that are amenable to its BACOX technology. At present, the Company has four projects under review.

CORPORATE PROFILE

BacTech has developed and patented bacterial oxidation technology for the treatment of refractory ores and concentrates to enhance the recovery of gold, silver and base metals. BacTech has successfully commissioned three bioleach plants for gold and demonstrated its technology in the selective recovery of base metals from complex sulphide concentrates in a joint project with Industrias Peñoles de C.V. of Mexico. The Company's focus is the acquisition of equity positions in projects amenable to bioleaching.

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION

Except for statements of historical fact relating to the Corporation, 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, 2005. Circumstances or management's estimates or opinions could change. The reader is cautioned not to place undue reliance on forward-looking statements.

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For further information, contact Ross Orr, President & CEO (416) 813-0303 ext 222

Shares outstanding 52,006,134

The TSX Venture Exchange has not reviewed and does not accept any responsibility for the adequacy or accuracy of this release
 
 

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