Beartooth Appoints New President And CEO To Lead Major Exploration Program For Platinum/Palladium At Stillwater Complex.

TORONTO -- BEARTOOTH PLATINUM CORPORATION (TSX VENTURE:BTP) is pleased to announce the appointment of Michael D. Johnson, P. Geo., to the position of President and CEO of the Company. Mr. Johnson will also join the Board of Directors of the Company. Current President and CEO, Stan Bharti will become Beartooth's Chairman and the current Chairman, Gerald McCarvill will become Vice-Chairman.

Michael D. Johnson has over thirty years in exploration and mining. The last fifteen years have been in executive and senior management positions, evaluating, developing, constructing and mining mineral properties located in North, Central and South America and Australia. Most recently, Mr. Johnson was the principal of M.D. Johnson & Associates and in that capacity, he and his team have been responsible for the evaluation and development of numerous underground and open pit mines across the USA, Mexico and Brazil. Mike holds a B.Sc. degree from the University of London, England. Mr. Johnson also held various project and senior geologist postings with mid- to large cap companies mostly in the USA. His commodity expertise includes base and precious metals, porphyry copper and uranium.

"We are very excited about Mr. Johnson's appointment" stated Stan Bharti, former President and CEO. "His experience and background will prove to be a tremendous asset as the Company moves forward in developing its properties, particularly at the Stillwater Complex, where the new Management Team will continue its aggressive exploration program to outline higher grade Platinum Group Elements (PGE's). In addition, Beartooth is also pleased to announce the hiring of Mr. Jonathan Findlay, P. Geo., a specialist in PGE's, as Senior Geologist for the Company."

Members of the new Management Team are:

Michael D. Johnson, P. Geo., President and CEO

Jean Lafleur, P. Geo., Vice-President Exploration

David Meyer, Vice-President Corporate Development

Dr. Jonathan Findlay, P. Geo., Senior Project Geologist

John Andrews, Technical Advisor Corporate Affairs

Dr. Reid Keays, Technical Advisor on PGE's

John Buckle, P. Geo., Technical Advisor Geophysics

Beartooth recently initiated a major program (refer to the Press Release dated January 26, 2005) to identify of one or more zones with higher grade PGE's. The work includes a compilation and synthesis of the extensive historical database (1 metric tonne of documents) to prioritize the approximately 90 sectors already permitted for exploration work and also to generate new targets. A comprehensive geochemical sampling program will be implemented this summer to determine the orientation and extent of existing and new PGE's bearing horizons, as well as corroborating the projected trends from the airborne magnetic-electromagnetic geophysical interpretation. This will ultimately lead to diamond drilling in the third quarter 2005. Combining geology and geophysics has shed new light on the projected trends of known PGE's targets, which have kilometric extents. This adds new potential for Beartooth's Stillwater property, which according to the Management Team could eventually translate into significant Mineral Resources.

Stillwater Complex - A PGE's Enriched Complex

Beartooth controls 809 unpatented lode mineral claims over the exposed 50 kilometre strike length of the Stillwater Complex. The Complex hosts the largest known resource of PGE's in North America, and includes the Stillwater Mining Company (SMC), which operates two mines in a mineralized rock unit known as the J-M Reef (the Stillwater and East Boulder mines). SMC reports proven and probable reserves at the Stillwater Mine of 15.9 million tonnes grading 22.63 g/t of combined platinum-palladium, with a platinum to palladium ratio of 3.4:1, and proven and probable reserves at the Boulder East Mine of 20.6 million tonnes grading 18.17 g/t of combined platinum-palladium, with a platinum to palladium ratio of 3.7:1 (source: Stillwater Mining Company Website). Beartooth's mineral claims are contiguous with the SMC Property.

Beartooth's Stillwater Mineral Claims and Diamond Drilling Campaign in 2004

Previous work by Beartooth has defined a number of PGE's targets that lie within its claim group, particularly within at least one "reef" (Picket Pin) similar to the J-M Reef, and a 2,000 metre thick ultramafic unit that hosts numerous chromite horizons and nickel-copper sulphide mineralization (Camp zone), both of which carry PGE's.

There are two major chromite units enriched in PGE's on Beartooth's ground in the Iron Mountain area. Historical drilling by Beartooth returned significant values of 1.24 grams platinum per tonne (g Pt/t) and 2.75 grams palladium per tonne (g Pd/t) over 2.8 metres, and 1.36 g Pt/t and 2.57 g Pd/t over 7.1 metres from chromite units (refer to Press Release dated January 26, 2005). The main mineralized sector at Iron Mountain is the nickel-copper Camp Zone, containing anomalous PGE's. The Camp Zone hosts a historic mineral inventory estimated by AMAX (prior to NI43-101 standards) at 5.45 million tonnes grading 0.43% nickel and 0.25% copper. This historic mineral inventory was previously reported by Beartooth in press releases dated October 12, 2004 and November 19, 2004). Limited diamond drilling (4 holes for 500 metres) by Beartooth's in 2004 (refer to the Press Release dated January 26, 2005) on the Camp Zone and one other Iron Mountain target identified a number of anomalous intervals for future testing as follows:

- One hole at the Iron Mountain grid (DDH-IMC04-01) returned 0.50 g Pt/t and 1.42 g Pd/t over 3.1 metre

- Two holes at the Camp Zone grid intersected:

i) 1.39 g Pt/t over 1.1 metres, 0.25% Cu and 0.35% Ni over 21.2 metres (including a 0.5 metre interval with 1% Ni and an additional 0.9 metre interval with 0.70% Cu) from DDH-CZ04-01, and

ii) 1.51 g Pt/t and 0.52 grams gold per tonne over 0.7 metres, 0.51% Cu and 0.40% Ni over 3.9 metres (including a 0.6 metre interval containing 1% Cu and 0.54% Ni), and finally, 1.80 g Pt/t and 0.51 g Au/t gold over 1.0 metres from DDH-CZ04-02.

Mr. Jean Lafleur, P. Geo., Beartooth's Vice-President Exploration, is the Qualified Person (under NI 43-101 guidelines) responsible for reviewing the technical information in the press release.

Beartooth Platinum - Exploring to Develop the Next Platinum-Palladium Mine

Beartooth Platinum Corporation is a Platinum Group Metals Company that has secured a large land position with advanced exploration targets in the Stillwater Complex of Montana, U.S.A., and is well positioned for responsible mineral development. The Company also holds a very promising gold exploration project in Idaho, U.S.A., which is joint ventured with Valencia Ventures Inc. Additional information about the Company and its properties is available on the Company's website at www.beartoothplatinum.com.

In other matters, the Company has entered into an agreement to settle an outstanding note owed to Tomasovich 1999 Revocable Trust. The amount of the note is US$40,000 with US$4,458 owed in interest. Under the terms of the agreement, which remain subject to regulatory approval, the Company would issue 445,480 common shares to Tomasovich 1999 Revocable Trust as settlement for the entire amount owing, being US$44,458 which represents a conversion rate of debt for shares at US$0.10 per share.

Statements in this release that are not historical facts are "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Readers are cautioned that any such staements are not guarantees of future performance and that actual developments or results may vary materially from those in these "forward-looking statements.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release."

Beartooth Platinum Corporation (TSX VENTURE:BTP)