Mr. David Kratochvil reports

BQE WATER SIGNS MULTI-YEAR OPERATING AGREEMENT FOR MINE WATER TREATMENT SERVICES AT MINTO MINE

BQE Water Inc. has entered into an operating services agreement with Minto Metals Corp. to provide plant operations services for an existing water treatment plant at Minto mine located approximately 240 kilometres northwest of Whitehorse, Yukon, through to 2024.

Under the agreement, BQE Water will be responsible for clean water production at the mine where the final effluent must meet stringent requirements not only for metals but ammonia, nitrite and nitrate to protect the aquatic life in the receiving environment. Included in the operations services provided by BQE Water will be on-site technical supervision, co-ordination with Minto's environmental and metallurgical team to maximize the volume of water discharged into the environment, operator training and on-site and off-site engineering support.

BQE Water's compensation will be composed of a base monthly fee and a supplemental fee for the volume of water treated that meets discharge specifications. It is estimated the plant will treat and discharge 400,000 cubic metres of mine water for the remainder of the year and approximately 750,000 to one million cubic metres of mine water in each subsequent year of the current contract.

"We are highly appreciative of the responsiveness and technical proficiency provided by BQE Water to address the concerns we had with our water treatment plant," stated Loralee Johnstone, the vice-president of environment and social governance for the mine. "The transition to their operations has been systematic and transparent, with the resulting operational work surpassing our expectations."

David Kratochvil, BQE Water's president and chief executive officer, added: "We value the opportunity to help Minto achieve its environmental and social governance goals. We also look forward to collaborating with the Selkirk First Nation to achieve sustainable and transparent water management at the mine."

As part of its role at Minto, BQE Water has engaged in discussions with the mine and the Selkirk First Nation about creating an active role for the local community to participate in clean water production at the site to ensure the continued protection of land and water for countless generations in the future.

About BQE Water Inc.

BQE Water is a service provider specializing in water treatment and management for metals mining, smelting and refining. The company is helping to transform the way industry thinks about water in the context of natural resource projects by offering services and expertise that enable 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 technologies at mine sites around the world for organizations including Glencore, Jiangxi Copper, Freeport-McMoRan and the U.S. Environmental Protection Agency.

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