Re: News Releases - Wednesday, April 15, 2009
BacTech Closes Final Tranche of Private Placement
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Toronto, Canada, April 15, 2009 - BacTech Mining Corporation ("BacTech"
or the "Company", TSX.V: BM) today announced that it has closed the
third and final tranche of its private placement announced March 16,
2009, for total gross proceeds of $750,000.

The terms of the private placement are as follows: unit price $0.04,
with a unit comprised of one common share and one two-year common share
purchase warrant. Each warrant entitles the holder to acquire one
common share at a price of $0.07 per share during the first year of the
two year exercise period, and at a price of $0.10 per share during the
second year. All securities issued for the third tranche of the
offering, and the underlying securities, are subject to a four-month
hold period that expires August 15, 2009, with the two-year warrants
expiring April 14, 2011.

In connection with the offering, and subject to approval by the TSX
Venture Exchange ("TSX-V"), BacTech will pay to certain arm's length
parties a cash finder's fee in the amount of $12,000. BacTech will
also issue 1,426,667 finder's fee warrants to certain arm's length
parties who assisted in the financing. The finder's warrants,
exercisable at a price of $0.06, have a two-year term expiring April
14, 2011. The warrants are subject to a four-month hold period that
expires August 15, 2009.

The Company is pleased to confirm that it has repurchased its
outstanding convertible note with a face value of CAD$3M for $400,000
and cancelled the obligation.

With the additional funds from the private placement, BacTech will now
move towards closing its acquisition of Yamana Gold Inc.'s 33% interest
in the Wapula and Gameta refractory gold deposits in Papua New Guinea
("PNG"), as originally reported in a news release dated June 18, 2008.
BacTech's agreement with Gold Aura Limited ("GOA") called for BacTech
to pay GOA an additional CAD$1M in two payments of $500,000 to increase
the Company's stake in the project by 10%. GOA has agreed to accept
the first year's payment of $500,000 in common shares of BacTech.
BacTech will issue 10M shares to GOA for the additional 5% in the PNG
gold project. The payment will be made after PNG government approval
and TSX-V approval of the Yamana transaction.

In addition, BacTech has the ability, at its option, to increase its
stake in the projects through the following means:

- In the first 12 months after PNG and TSX-V approvals, BacTech can purchase additional 1% direct interests for $150,000 for each percentage interest and;

- In the second 12 months after PNG and TSX-V approvals, BacTech can purchase additional 1% direct interests for $200,000 per each percentage interest;

- In the event BacTech purchases in excess of an additional 45% interest under the above-mentioned formula, then GOA's participating interest reverts to 0% and it has the right to receive a 2% net smelter return royalty from production.

BACTECH PROFILE

BacTech owns patented bacterial oxidation technology for the treatment
of refractory ores and concentrates to enhance the recovery of gold,
silver and base metals. The Company's focus is the acquisition of
equity positions in projects amenable to bioleaching. In June 2008, the
Company signed an agreement to acquire Yamana Gold Inc.'s 33% interest
in two refractory gold deposits in Papua New Guinea. In September 2008,
BacTech signed an MOU to investigate the use of bioleaching to
reprocess arsenic-laden tailings in Cobalt, Ontario. This is the
Company's first foray into the cleantech industry. BacTech is
continuing to evaluate additional remediation projects.

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For further information contact:

Ross Orr, President & CEO, 416-813-0303 ext 222

Investor Relations:
Pierre Anglos 1-800-436-2027 Email: [email protected]