Vancouver, BC – TheNewswire – October 25, 2022 - BQE Water Inc. (TSXV:BQE), a leader in the treatment and management of mine impacted waters, 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 km 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, coordination 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 m3 of mine water for the remainder of the year and approximately 750,000 to 1 M m3 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 VP 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 & CEO 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

BQE Water is a service provider specializing in water treatment and management for metals mining, smelting and refining. We are 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 US EPA. BQE Water is headquartered in Vancouver, Canada and trades on the TSX Venture Exchange under the symbol BQE. Visit www.bqewater.com for more information.

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For further information please contact:

BQE Water Inc.

Suite 250 – 900 Howe Street

Vancouver BC Canada V6Z 2M4

David Kratochvil, President & CEO        

dkratochvil@bqewater.com       

Heman Wong, CFO

hwong@bqewater.com

604 685 1243 or 1 800 537 3073