Blue Gold Water Technologies Ltd. Completes Reverse Take-Over Transaction

Blue Gold Water Technologies Ltd. (the “Corporation”) has completed its acquisition (the “Transaction”) of Blue Gold Tailing Technologies Ltd. (“Blue Gold”) through a three-cornered amalgamation whereby Blue Gold amalgamated with a wholly-owned subsidiary of the Corporation where shareholders of Blue Gold exchanged their shares of Blue Gold for common shares of the Corporation. Immediately before completion of the Transaction, Blue Gold completed a brokered private placement of units, consisting of one common share and one-half of one common share purchase warrant, for gross proceeds of $2.2 million.

With completion of the Transaction, the Corporation is now engaged in the business of water remediation through the use of a suite of patented technologies and proprietary nano-biotechnology that provides environmentally safe solutions for water purification, restoration and contamination issues.

The Corporation is listed on the Canadian National Stock Exchange under the trading symbol “BGO:CNX”.

Wildeboer Dellelce LLP acted for Blue Gold in connection with the Transaction with a team that included Rory Cattanach, Susan Mitchell, Zahar Orlov and Eric Karrandjas (corporate/securities) and Kevin Fritz (tax).