Mr. David Kratochvil reports

BQE WATER RENEWS OPERATING AGREEMENT WITH GLENCORE

BQE Water Inc. has renewed the operations services agreement with Glencore Canada Corp. for water treatment at Raglan mine, a nickel operation located in Nunavik, Que. BQE provides services in the Nunavik region in a joint venture with Nuvumiut Developments, an Inuit community-based organization. Under the terms of the multiyear agreement with an option to extend, the joint venture is responsible for clean water production for environmental discharge and meeting effluent quality that ensures the health of the pristine aquatic environment in the region.

BQE has operated at Raglan for 21 consecutive years, uninterrupted even by the pandemic. Several of the treatment systems operated by the joint venture were originally designed and supplied by BQE while others were supplied by third parties. The scope of services under the new agreement remains unchanged from previous years.

David Kratochvil, president and chief executive officer of BQE Water, commented: "We are extremely proud to have earned the trust and the opportunity to continue working with Glencore as a long-term partner. As one of the global leaders in mining, Glencore has very high standards in health and safety and environmental protection. I attribute the contract renewal to our ability to meet these standards while continuing to innovate and improve our service year after year."

Johnny Alaku, president of Qaqqalik Landholding Corp. and a member of the board for Nuvumiut Developments, commented: "As Landholding Corporations of Salluit and Kangisujuaq, our goal is to protect the environment and our wildlife for generations to come while supporting and generating opportunities for our communities. BQE's track record at Raglan and their commitment to openness, fairness and stewardship over water makes our partnership the right vehicle to achieve our goals."

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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