U.S. Markets open in 5 hrs 3 mins

Appointment of Operations Director to support Clean TeQ Sunrise Project development

MELBOURNE, Australia, Feb. 13, 2018 (GLOBE NEWSWIRE) -- Mr Sam Riggall, Chief Executive Officer of Clean TeQ Holdings Limited (Clean TeQ or Company) (CLQ.TO) (CLQ.TO) (CTEQF) is pleased to announce the appointment of Mr Tim Kindred as Clean TeQ Sunrise Project Operations Director, an important leadership role as the project progresses through development and into operations.

Tim has over 30 years’ experience in the mining industry, having held senior positions in project management, construction, commissioning and ramp-up of development projects, with a strong background in operations and in pressure-acid-leach (PAL) nickel projects.

Most recently, Tim has been the Director of Plant Operations at the Ambatovy Nickel/Cobalt Project in Madagascar, a joint venture between Sherritt International, Sumitomo Corporation and Kores. He has also held various roles within Vale’s nickel business, including as Project Director of the Long Harbour Processing Plant Project and the Voisey’s Bay Mine Expansion Project. Tim also held a number of start-up and process-related roles at the Cawse and Vale’s Goro PAL projects.

Tim holds a Bachelor of Chemical Engineering from the University of Melbourne and a Graduate Certificate in Management.

Mr Riggall commented: “We are delighted to have Tim, with his wealth of experience in building and running nickel laterite operations, join the Clean TeQ team. His extensive experience in project delivery, process plant commissioning and ramp-up will significantly strengthen our delivery capability.”

For more information about Clean TeQ please contact:

Richard Glass, Investor Relations (Australia)                                        +61 3 9797 6781
Evan Young, Investor Relations (North America)                                  +1 647 808 2141

About Clean TeQ Holdings Limited (CLQ.TO) (CLQ.TO) (CTEQF) – Based in Melbourne, Australia, Clean TeQ is a leader in metals recovery and industrial water treatment through the use of its proprietary Clean-iX® continuous ion exchange technology.
For more information about Clean TeQ please visit the Company’s website www.cleanteq.com.

About the Clean TeQ Sunrise Project – Clean TeQ is the 100% owner of the Clean TeQ Sunrise Project, located in New South Wales, Australia.  Clean TeQ Sunrise is one of the largest cobalt and nickel deposits outside of Africa, and one of the largest and highest-grade accumulations of scandium ever discovered.

About Clean TeQ Water – Through its wholly owned subsidiary Clean TeQ Water, Clean TeQ is also providing innovative wastewater treatment solutions for removing hardness, desalination, nutrient removal, and zero liquid discharge. The sectors of focus include municipal wastewater, surface water, industrial waste water and mining waste water.
For more information about Clean TeQ Water please visit www.cleanteqwater.com


Certain statements in this news release constitute “forward-looking statements” or “forward-looking information” within the meaning of applicable securities laws. Such statements involve known and unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements of the Company, the Clean TeQ Sunrise Project, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information. Such statements can be identified by the use of words such as “may”, “would”, “could”, “will”, “intend”, “expect”, “believe”, “plan”, “anticipate”, “estimate”, “scheduled”, “forecast”, “predict” and other similar terminology, or state that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved. These statements reflect the Company’s current expectations regarding future events, performance and results, and speak only as of the date of this new release.

Statements in this news release that constitute forward-looking statements or information include, but are not limited to statements regarding the development status of the Project. Readers are cautioned that actual results may vary from those presented. All such forward-looking information and statements are based on certain assumptions and analyses made by Clean TeQ’s management in light of their experience and perception of historical trends, current conditions and expected future developments, as well as other factors management believe are appropriate in the circumstances. These statements, however, are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information or statements including, but not limited to, unexpected changes in laws, rules or regulations, or their enforcement by applicable authorities; the failure of parties to contracts to perform as agreed; changes in commodity prices; unexpected failure or inadequacy of infrastructure, or delays in the development of infrastructure, and the failure of exploration programs or other studies to deliver anticipated results or results that would justify and support continued studies, development or operations. Other important factors that could cause actual results to differ from these forward-looking statements also include those described under the heading "Risk Factors" in the Company's most recently filed Annual Information Form available under its profile on SEDAR at www.sedar.com.

Readers are cautioned not to place undue reliance on forward-looking information or statements.

Although the forward-looking statements contained in this news release are based upon what management of the Company believes are reasonable assumptions, the Company cannot assure investors that actual results will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this news release and are expressly qualified in their entirety by this cautionary statement. Subject to applicable securities laws, the Company does not assume any obligation to update or revise the forward-looking statements contained herein to reflect events or circumstances occurring after the date of this news release.