Mr. David Kratochvil reports

BQE WATER AWARDED SECOND OPERATIONS CONTRACT FOR SELEN-IX(TM) WATER TREATMENT PLANT AT US MINE

BQE Water Inc. has signed an operating services agreement to provide operations services for a water treatment plant utilizing its award winning Selen-IX process technology for selenium removal at a base metal project in southwestern United States. The plant will treat impacted waters to remove selenium and dissolved metals in compliance with permitted water quality requirements.

Under the agreement, BQE Water will provide plant commissioning and operations services for an initial period of three years upon completion of the plant performance test. Compensation for plant operations services will consist of a base monthly fee per volume of water treated that meets discharge specifications and a supplemental fee for additional water treated for discharge.

"As we move towards decarbonization, projects such as this will play an important role in producing the metals essential for a low-carbon future," stated David Kratochvil, president and chief executive officer of BQE Water. "We are proud to be providing vital and comprehensive water management services for modern mining. From our Selen-IX process that satisfies key project criteria for low-single-digit parts per billion of selenium while being able to ramp up and down in response to treatment needs, to our operational expertise that guarantees plant performance as designed, we are excited to be contributing to the shift to clean energy."

Operating 24/seven year-round, the plant has the capacity to treat up to 4,500 gallons of water per minute. The plant will first remove dissolved metals followed by selenium removal to below two parts per billion to produce clean water for discharge to the environment. Selen-IX as a non-biological technology offers superior water quality, operational flexibility and lower operating costs than competing biological selenium treatment systems.

Prior to this agreement, BQE Water conducted laboratory testing in 2019 to successfully demonstrate the capability of Selen-IX. This resulted in a contract partnering with Black & Veatch in early 2020 to design the Selen-IX water treatment plant which is now in the construction phase with commissioning expected to commence in the first half of 2023.

About Selen-IX

Selen-IX is a patented, award-winning process technology that is currently the only commercially available non-biological treatment system that has been applied on a large scale to remove the selenate form of selenium from wastewater. Selen-IX removes selenium to below detection limits, has zero risk of acute and chronic effluent toxicity, and the byproduct of treatment is a stable solid residue with offtake potential. Selenium removal and its management is an environmental issue of concern in mining, metallurgical processing and power generation where process water comes into contact with selenium-bearing compounds contained in mineral deposits and fossil fuels. In recognition of its disruptive nature, Selen-IX is the recipient of the 2021 Environmental Award from Engineers & Geoscientists British Columbia, a 2021 Kirkpatrick Chemical Engineering Achievement Honor Award from Chemical Engineering Magazine, and a 2022 Top Project Award from Canada's Clean50.

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 the 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 new technologies at mine sites around the world for organizations, including Glencore, Jiangxi Copper, Freeport-McMoRan and the U.S. Environmental Protection Agency. BQE Water is headquartered in Vancouver, Canada, and trades on the TSX Venture Exchange under the symbol BQE.

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