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To: CIMA who wrote (11023)	10/5/1999 1:26:00 PM
From: SSP	Read Replies (3) \| Respond to of 150070

MRTI - .037 great news out -staring to move!! Metal Recovery Technologies Inc. Reaches Agreement with Meya Metal Recovery Technologies Inc. Reaches Agreement with Meyado International Limited to Complete Construction of East Chicago Dezincing Plant Business Editors HAMILTON, Ontario--(BUSINESS WIRE)--Oct. 5, 1999--(OTC Bulletin Board:MRTI) Following meetings held in London, England and subsequent discussions last week, MRTI has reached an agreement with Meyado to complete the original commitment to provide financing for the construction of the dezincing facility in East Chicago. Construction on the 150,000 ton per year plant began during the third quarter of 1998 and continued at a satisfactory rate until April 1999. It has taken several months to meet with and settle differences between MRTI and Meyado. Legal documents are now being drafted and should be completed by the end of October. Following signing of this amended agreement, Meyado will provide guaranteed financing and a guaranteed maximum time frame to complete the plant. An experienced project management team will be hired to oversee the construction of the plant. MRTI believes that the completion of the East Chicago plant and its subsequent operations will demonstrate to many interested users of the process and users of its products that it will meet the needs of the foundry and steel industry for a clean scrap steel and high quality recovered zinc. Metal Recovery Technologies Inc. utilizes a patented process that removes zinc from galvanized steel scrap yielding two end products: 99.8 percent pure zinc, and the high quality reusable "black" scrap steel. The dezincing technology has been developed by Metal Recovery Technologies in partnership with the Argonne National Laboratory and the United States Department of Energy. A further announcement will follow in due course. --30--jlm/in* CONTACT: Metal Recovery Technologies Inc. www.metalrecovery.com/main2htm