VANCOUVER, BC – BioteQ Environmental Technologies Inc. (TSX VENTURE:BQE) (the “Company”) announces that pursuant to the Company’s existing stock option plan, it has allocated director, employee and consultant stock options to purchase up to 800,000 common shares in the capital of the Company at a price of $1.34 per share expiring April 6, 2011. The allocation of these additional options, in part, reflect replacement of options to the Company’s directors and certain officers and employees which have been recently exercised as a result their pending expiry after 5 years since the date of issue.
BioteQ is establishing itself as a leader in the treatment of contaminated water through the use of its patented BioSulphide® Process and related sulphide based technologies. Focused on the mining industry, BioteQ has partnered with leading metal producers including Phelps Dodge, Breakwater, INCO and Falconbridge as well as utilities operator EPCOR Water Services, to finance, design, build and operate mine site water treatment plants which recover saleable metals in addition to meeting ever stricter environmental regulations.
On behalf of the Board of Directors
Brad Marchant, President & CEO