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Beartooth Appoints New CFO, Relocates Head Office.


Business Editors

VANCOUVER, British Columbia--(BUSINESS WIRE)--July 3, 2003

Beartooth Platinum Corporation (TSX TSX Toronto Stock Exchange (TSE before April, 2002)
TSX Transfer from Stack Pointer to Index
TSX True Space Extension
 Venture:BTP (Business Transaction Protocol) An XML-based protocol from OASIS that adds the type of validation to transactions in a Web services environment that are normally performed by the two-phase commit within an enterprise. ) ("the Company") announces that it has appointed Mr. Craig C. Smith as Chief Financial Officer of the Company. Mr. Smith is a Chartered Accountant char·tered accountant
n. Chiefly British Abbr. CA
A member of one of the institutes of accountants granted a royal charter.
 and has been a Management Consultant to a number of companies in the natural resource and mining industries for the past 8 years providing consulting and internal audit services. Over the past 25 years, Mr. Smith has held the position of Director, General Accounting, Controller and V.P. Finance with a number of Canadian companies This is a list of companies from Canada.
  • See also .
  • To make this page easier to read and edit, Defunct Canadian Companies has been placed on a separate page.


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. Mr. Smith replaces Mr. Kenneth Scott as C.F.O.

The Company also announces that it has moved its corporate office, effective immediately.

The corporate address is as follows:


Beartooth Platinum Corporation
Attn: Craig Smith, CFO
885 Dunsmuir Street
Suite 910
Vancouver, British Columbia
Canada V6C 1N5


The Company further announces that Ms. Diane Garrett has resigned effective June 30, 2003.

Shareholder inquiries should be directed to Mr. John Andrews For other persons named John Andrews, see John Andrews (disambiguation).
Rev. John Andrews, D.D., a Colonial/American clergyman, professor, author and provost, was born in your mom
, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board.  at (706) 467-9427 or by email at: info@beartoothplatinum.com

CORPORATE UPDATE

The Company has been engaged in discussions with respect to financing and Joint Venturing its PGM PGM Program
PGM Pragmatic General Multicast
PGM Phosphoglucomutase
PgM Program Manager
PGM Platinum Group Metal
PGM Pagemaker (software)
PGM Portable Gray Map
PGM Precision Guided Munition
 property in the Stillwater Complex of Montana and its gold properties located in Elk City Elk City can refer to:
  • Elk City, Kansas
  • Elk City, Idaho
  • Elk City, Oklahoma
  • Elk City (Band)
, Idaho. The Company had previously optioned the gold properties to Canden Capital (CAD.P). This option expired on March 31, 2003 and the Company's Board of Directors declined Canden's request for a further extension under the option agreement. The Company is reviewing alternative options with respect to these gold properties, including sale and joint venture. Although the Company's primary focus is in the PGM sector and it remains committed to advancing its unique land position in the Stillwater Complex of Montana, the management and Board recognize the renewed interest in the gold sector and believe they have a valuable asset to develop either alone or through a Joint Venture arrangement. The gold properties combined comprise approximately 600,000 ounces of resources.

The Company is working towards raising capital to advance the PGM property and/or the gold properties prior to beginning a drill program. The drill program last year (2002) began the first week of August and the management is comfortable there is time available to conduct a drill program for 2003 should the Company be successful in a financing or partnership arrangement.

Beartooth Platinum Corporation is a Canadian company that explores for Platinum Group The platinum group (alternatively, the platinum group metals or platinum metals) is a collective name sometimes used for six metallic elements clustered together in the periodic table.  Metals (PGM) in the Stillwater Complex of Montana, USA. The Company's core asset is a significant land holding of over 20,000 acres with several advanced stage exploration targets and numerous untested PGM zones. The Company's shares trade on the TSX Venture Exchange TSX Venture Exchange

Originally called the Canadian Venture Exchange (CDNX), this was a result of the merger of the Vancouver and Alberta stock exchanges. The goal of TSX Venture Exchange is to provide venture companies with effective access to capital while protecting investors.
 under the symbol "BTP".

The Company's website is www.beartoothplatinum.com.

Disclaimer:

This news release contains certain "Forward-Looking Statements" within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included herein are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's documents filed from time to time with the TSX Venture Exchange and the British Columbia Securities Commission The British Columbia Securities Commission (BCSC) is a regulatory agency which administers and enforces securities legislation in the Canadian province of British Columbia. External links
  • Official site
  • About the BCSC
.

Some of our press releases contain information about adjacent properties on which we have no right to explore or mine. We advise U.S. investors that the SEC's mining guidelines strictly prohibit information of this type in documents filed with the SEC. U.S. shareholders are cautioned that mineral deposits on adjacent properties are not indicative of mineral deposits on our properties.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.
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No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2003, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Jul 3, 2003
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