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BioteQ Secures Contract for Validation of Metal Recovery Using Ion Exchange

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VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 31, 2012) - BioteQ Environmental Technologies, Inc. (TSX:BQE), a leader in the treatment of industrial water and process solutions, has secured a contract with a leading international mining company to carry out validation test work for recovery of copper and other high value trace metals and removal of arsenic from smelter effluent at a site in Chile, applying BioteQ's ion exchange technology. The work, which includes laboratory testing and evaluation, is expected to be complete in the fourth quarter of this year, and will provide the design basis for a commercial plant.

Jonathan Wilkinson, BioteQ's CEO stated, "This project provides an opportunity to demonstrate BioteQ's ion exchange know-how for recovery of copper and valuable trace metals and removal of contaminants like arsenic from metallurgical process streams, to support our customer in generating revenue from waste. BioteQ continues to develop innovative treatment solutions for the mining industry. This validation testing contract is an important milestone to advance the project toward a commercial contract for a complete process technology solution."

BioteQ's ion exchange process technologies use specialized resins to selectively remove dissolved metals from waste water. The technology is particularly effective where the metal concentrations are very low but still provide substantial value or exceed discharge limits. The process produces treated water that meets strict water quality regulations, while recovering a marketable metal product.

BioteQ Corporate Profile

BioteQ is an innovative clean technology leader in global industrial water treatment, serving the mining and energy markets. The company's proven technologies have been applied at sites around the world to recover dissolved metals and remove sulphate, producing clean water and eliminating residual waste. BioteQ is headquartered in Vancouver, Canada and trades on the TSX under the symbol BQE. Please visit our website at www.bioteq.ca for additional information.

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION

Certain information contained herein may not be based on historical fact and therefore constitutes "forward-looking information" under applicable Canadian securities legislation. This includes without limitation statements containing the words "plan", "expect", "project", "estimate", "intend", "believe", "anticipate", "may", "will" and other similar words or expressions. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks, uncertainties and other factors that may cause actual events or results to differ materially from those expressed or implied by such forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to, the Company's dependence on key personnel and contracts, uncertainty with respect to the profitability of the Company's technologies, competition, technology risk, the Company's ability to protect its intellectual property and proprietary information, fluctuations in commodity prices, currency risk, environmental regulation and the Company's ability to manage growth and other factors described in the Company's filings with the Canadian securities regulators at www.sedar.com (including without limitation the factors described in the section entitled "Risks and Uncertainties" in the Company's Annual Report for the year ended December 31, 2011 and the section entitled "Risk Factors" in the Company's Annual Information Form for the year ended December 31, 2011). Given these risks and uncertainties, the reader is cautioned not to place undue reliance on forward-looking statements. All forward-looking information contained herein is based on management's current expectations and the Company undertakes no obligation to revise or update such forward-looking information to reflect subsequent events or circumstances, except as required by law.

FOR FURTHER INFORMATION PLEASE CONTACT:
BioteQ Environmental Technologies Inc.
Tanja McQueen
VP Corporate Development
604-685-1243 or 1-800-537-3073
604-685-7778 (FAX)
investor@bioteq.ca
www.bioteq.ca

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