Mr. David Kratochvil reports

BQE WATER INITIATES PREPARATIONS FOR RE-STARTING THE SELEN-IX WATER TREATMENT PLANT AT KEMESS

In collaboration with Centerra Gold Inc., BQE Water Inc. has initiated preparations for restarting the water treatment plant built and briefly operated in 2020 to mitigate selenium at the Kemess project in Northern British Columbia, Canada.

To support the development of a new copper-gold deposit at Kemess, BQE Water was contracted in 2019 to design and operate a water treatment plant using its Selen-IX process to treat 65 litres per second (5,600 cubic metres per day) of mine-influenced water-producing effluent containing selenium concentrations of fewer than two parts per billion of total selenium. The plant was constructed, fully commissioned and operated for several months in 2020 under the operations service agreement with a five-year term. In recognition of the successful first full-scale implementation of Selen-IX, the Kemess project was awarded the environmental award by Engineers & Geoscientists Professional Association of B.C. in 2021.

Subsequently, as the new mine development plans were altered, the water treatment plant was placed under care and maintenance, and the OSA was amended to enable the BQE Water team to provide annual site visits to maintain the facility as a viable asset without altering the original term.

Responding to requirements from Centerra earlier this year, BQE Water prepared a plan for restarting the treatment plant including recommissioning, and the plant is expected to commence seasonal operations during late summer of 2026. Reflecting the short operations season this year, BQE Water will be providing commissioning and operations services in 2026 under a changer order that would allow this year's project objectives to be met without shortening the remaining term of the OSA.

"We are excited to resume plant operations at Kemess. This project will allow us to bring to bear our experience and expertise from years of operational management of four other Selen-IX plants outside of B.C. to support industry-leading management of selenium at home," said David Kratochvil, president and chief executive officer of BQE Water.

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 enables 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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