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ENP

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Share Name Share Symbol Market Type
TSXV:ENP TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

ENPAR Receives Patent Approval from Australia for Nickel Recovery Extraction / Leaching Technology

15/11/2011 8:51am

PR Newswire (Canada)


Enpar Technologies Inc. (TSXV:ENP)
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GUELPH, ON, Nov. 15, 2011 /CNW/ - ENPAR Technologies Inc. ("ENPAR" or "the Company") is pleased to announce that  the Company has been granted a patent for its ExtrEL Leaching Technology by IP Australia of the Australian Government. The patent will remain in effect for a term of twenty (20) years from the filing date of the application, and management anticipates near-term patent approvals from several other jurisdictions including Canada, Russia, South America and United States. A state-of-the-art, environmentally friendly process technology, ExtrEL is being developed as a cost effective method for the extraction of nickel from mining mill sulphide waste. Designed to recover nickel and other valuable by-products at low cost, successful implementation of this unique technology is also expected to reduce the impact of acid mine drainage (AMD). AMD is identified as one of the most serious environmental issues facing the mining industry today. The Company expects to complete the laboratory development stage in 2012. Based on laboratory test results to date, it is anticipated that the ExtrEL Leaching Technology has the potential to achieve greater than 90% recovery of nickel from sulphide waste materials. Given ready access to nickel sulphide tailings deposits similar to those located in the Sudbury nickel mining camp, commercial implementation of ExtrEL by domestic and international mining companies could result in significant, long term cost savings and profits. ENPAR expects that, in addition to the recovery of iron, sulphur and other metals, ExtrEL will produce relatively low volumes of environmentally stable residual material. Comprised predominantly of iron and sulphur, mill sulphide tailings represent an environmental liability to the mining industry due to the environmental impacts of AMD which can last for decades or, perhaps, centuries. The Canadian mining industry reportedly spends more than $100 million annually on control measures, with potential, long-term liabilities estimated in the billions of dollars. ENPAR is a "Technology Company" applying its patented and proprietary "Electrochemical Technologies" to the treatment of waste water and drinking water contaminated by metals or nutrients i.e., nitrate/ammonia associated with the mining, metal processing, chemical, agricultural, municipal and waste management sectors. At present, ENPAR holds a total of 20 patents and has submitted an additional 18 patent applications related to six distinct technologies. The common shares trade on Tier ll of the TSX Venture Exchange under the symbol "ENP". This news release contains forward-looking statements within the meaning of the "safe harbour" provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties and other factors that may cause ENPAR Technologies Inc. results to differ materially from expectations. These include risks relating to market fluctuations, property performance and other risks.  These forward-looking statements speak only as of the date hereof. Enpar Technologies Inc. CONTACT: Dr. Gene Shelp, President and CEO. Tel: (519) 836-6155Fax: (519) 836-5683E-mail: gshelp@enpar-tech.comWeb Site: www.enpar-tech.com70 Southgate Drive, Unit 4, Guelph, ON, CANADA N1G 4P5

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