Mr. David Kratochvil reports

BQE WATER SIGNS CONTRACT WITH YUKON GOVERNMENT

BQE Water Inc. has entered into a contract with the Department of Energy, Mines and Resources of the Yukon government to provide expertise and support with water management at the Minto mine located in central Yukon and on settlement land of the Selkirk First Nation.

Under the contract, BQE Water will provide two types of services. First is operations services, which focus on the seasonal operation of the existing water treatment plant at the Minto mine and managing the environmental discharge in accordance with the current water use licence. Second is technical advisory and engineering services, which entail assisting the government with assessing water management changes, including to the existing treatment system, to support site closure and remediation for the long term.

David Kratochvil, president and chief executive officer of BQE Water, commented: "We understand how important safe, transparent and cost-effective clean water production at Minto mine is for the Yukon and for all project stakeholders. Since we re-engaged with the project, Minto Metals, the Selkirk First Nation and the Yukon government have had our commitment to deliver first-rate service no matter the site circumstances. We are also appreciative of the opportunity to work directly with the Yukon government to continue to deliver on this commitment."

Minto mine background

BQE Water designed the water treatment plant at the Minto mine and operated it until 2013, when treated water discharge from the site ceased and mine contact water was directed into an exhausted open pit. In August, 2022, BQE Water became involved in the operation of the same water treatment plant once again. Following the stoppage of mine production in May, 2023, BQE Water worked collaboratively with the Yukon government, Selkirk First Nation and JDS Mining in support of environmental protection and to ensure treated water is discharged into the environment in accordance with the water use licence. The contract with the Yukon government represents a continuation of this effort.

About BQE Water Inc.

BQE Water is a service provider, specializing in water treatment and management for metal mining, smelting and refining. It is helping to transform the way the industry thinks about water in the context of natural resource projects by offering services and expertise, which 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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