Kyrgyz Alumina to acquire Alumina Concession by exchange of shares

Bio-Clean International announced that its Joint Venture partner Kyrgyz Alumina Inc., a Nevada Corporation, signed a Letter of Intent on July 20, 2012 to acquire Glinozium, LLC by exchange of shares. Glinozium currently holds concessions for three deposits of alumina, with raw reserves of 828 million tons in total, located in the southeastern part of Kyrgyzstan. Terms are still being negotiated by which the Joint Venture Corporation will own in excess of 90% of the shares of Glinozium, LLC, which is the registered holder of 100% of these alumina concessions.

Under terms of the Joint Venture agreement, BCLE is a 40% owner, with Glinozium shareholders to own 40%. Mike Roth, President of Bio-Clean International stated: "We are excited for our Joint Venture partner Kyrgyz Alumina Inc. and we look forward to assisting them in every way possible to help achieve our mutual goals."

Mr. Roth also clarified his position with Kyrgyz Alumina Inc. as mentioned in the news. "It should be noted that QED Connect Inc. reported my position with Kyrgyz Alumina as its CEO in QED's press release regarding their proposed conditional, non-binding Letter of Intent to acquire Kyrgyz Alumina Inc. It needs to be clarified that I am the acting CEO and not a control person, nor am I a member of the Board of the Directors of Kyrgyz Alumina Inc., which consists of H. K. Yoon, President, and Aksana Cherniavskay, Director. The finalization of the letter of intent referred to by QED Connect in its announcement yesterday contains conditions subsequent requiring satisfaction."