REBgold Extends Terms of Convertible Debentures and Warrants

BacTech Environmental Corporation ("BacTech")(CNSX:BAC) announced today that
REBgold Corporation ("REBgold")(TSX VENTURE:RBG) has extended the expiry date of
$410,000 principal amount of REBgold's current outstanding 18% unsecured
convertible debentures (the "Debentures") and 4,100,000 of the common share
purchase warrants (the "Warrants") originally issued by REBgold in October 2010.
As a result of the corporate reorganization by Plan of Arrangement which was
completed effective December 2, 2010 involving REBgold and BacTech, the
Debentures are convertible into units (the "Units") comprised of one common
share of REBgold and one-fifth of a common share of BacTech, at a conversion
price of $0.10 per Unit. The Warrants are exercisable for Units at a price of
$0.12 per Unit. To the extent that Debentures are repaid, BacTech is responsible
for 20% of the cash payment. 


A total of $430,000 principal amount of Debentures and 4,300,000 Warrants were
originally issued by REBgold in October 2010. The original maturity date of the
Debentures, and the original expiry date of the Warrants, was October 13, 2011.
In October, 2011, the Debentures were extended for 6 months to April 13, 2011.
Each holder of Debentures and Warrants was offered the choice to either (i)
further extend the maturity date of the Debentures held by that holder to April
13, 2015, in which case the expiry date of the Warrants held by that holder
would also be extended to April 13, 2015, or (ii) accept payment in full of the
Debentures on the extended maturity date of April 13, 2012, in which case the
Warrants held by that holder would also expire on the extended expiry date of
April 13, 2012. All of the holders of the currently outstanding Debentures and
Warrants elected to extend the expiry date to April 13, 2015. 


The conversion price of the Debentures and the exercise price of the Warrants
remain unchanged. The extension of the terms of the Debentures and the Warrants
has received approval from the TSX Venture Exchange. 


BacTech Environmental profile 

BacTech Environmental Corporation was created through a Plan of Arrangement
completed on December 2, 2010, whereby shareholders of the former BacTech Mining
Corporation ("BMC"), renamed REBgold Corporation, were issued, in exchange for
their BMC shares, 1 share of REBgold Corporation and 1/5th of one share of
BacTech Environmental. BacTech Environmental holds the exclusive rights to use
the patented BACOX bioleaching technology for reclamation of tailings and mining
waste materials. 


Shares outstanding 39,088,361

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