Atrium to Provide Research Coverage on BQE Water

Vancouver, BC – BQE Water Inc. (TSX-V: BQE), a leader in the treatment and management of mine impacted waters, is pleased to announce that Atrium Research Corporation (“Atrium”) will be providing research coverage of the Company.

Atrium is a Canadian company focused on providing institutional quality research for underfollowed North American public equities. One of Atrium’s main areas of expertise is in the mining resource sector, which will enable Atrium to analyze the Company’s business in the broader context of environmental, social and governance mandates in the industry. Atrium’s analysts, Nicholas Cortellucci and Ben Pirie have identified the Company as having significant growth potential with its current suite of proven technologies and service offerings. Atrium’s research will be disseminated through Bloomberg, FactSet, Capital IQ, Reuters, as well as their own investor distribution lists. The initial comprehensive report on the Company, including business operations, financial performance, and competitive positioning, is expected to be distributed by the end of Q1 2024.

Peter Gleeson, Executive Chairman of BQE Water, commented “The initiation of research coverage by Atrium is an important milestone for the Company and a signal that our investor relations strategy is a priority. As a profitable company with a strong balance sheet and many long-term shareholders, including insiders, we have struggled to get the attention of conventional investment banks. We are thrilled that Atrium’s research will help disseminate high quality information about BQE Water to new investors and increase awareness about who we are and the important and successful work we’ve been doing in the mining industry.”

About BQE Water

BQE Water is a service provider specializing in water treatment and management for metals mining, smelting and refining. We are helping to transform the way the industry thinks about water in the context of natural resource projects by offering services and expertise which enables more sustainable water management practices and improved overall project performance at reduced risks. BQE Water invests in innovation and has developed unique intellectual property through the commercialization of several new technologies at mine sites around the world for organizations including Glencore, Jiangxi Copper, Freeport-McMoRan and the US EPA. BQE Water is headquartered in Vancouver, Canada and trades on the TSX Venture Exchange under the symbol BQE. Visit www.bqewater.com for more information.

****

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

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION

Certain information contained herein may not be based on historical fact and therefore constitutes “forward-looking information” under applicable Canadian securities legislation. This includes without limitation statements containing the words “plan”, “expect”, “project”, “estimate”, “intend”, “believe”, “anticipate”, “may”, “will” and other similar words or expressions. 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, uncertainties and other factors that may cause actual events or results to differ materially from those expressed or implied by such forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to, the Company’s dependence on key personnel and contracts, uncertainty with respect to the profitability of the Company’s technologies, competition, technology risk, the Company’s ability to protect its intellectual property and proprietary information, fluctuations in commodity prices, currency risk, environmental regulation and the Company’s ability to manage growth and other factors described in the Company’s filings with the Canadian securities regulators at www.sedarplus.ca (including without limitation the factors described in the section entitled “Risks and Uncertainties” in the Company’s MD&A for the year ended December 31, 2022). Given these risks and uncertainties, the reader is cautioned not to place undue reliance on forward-looking statements. All forward-looking information contained herein is based on management’s current expectations and the Company undertakes no obligation to revise or update such forward-looking information to reflect subsequent events or circumstances, except as required by law.