Beartooth Platinum Issues Clarification.

TORONTO -- Beartooth Platinum Corporation (TSX VENTURE:BTP), at the request of the TSX Venture Exchange, BTP has provided additional information on the historic mineral inventory of the Camp Zone previously reported on October 12, 2004. This information has been provided by Mr. Alistair Turner who has been directly involved in exploration and development of mineral deposits in the Stillwater Complex since 1977. He was instrumental in finding and developing the PGE bearing JM Reef for the Anaconda Company. This reef is now being actively mined by the Stillwater Mining Company (SMC). Mr. Turner is a member of the American Institute of Professional Geologists (Certified Professional Geological Scientist (CPG #7052)) and is an independent qualified person as defined by NI 43-101.

In 1969 AMAX Ltd. conducted an aeromagnetic survey over the basal portions of the Complex which identified areas of iron formation within ultramafic lithologies. Between 1970 and 1977 AMAX, and eventually with its joint venture partner AMOCO, completed induced polarization (IP) geophysical and geochemical surveys which outlined a series of anomalies related to transverse fault zones. These fault zones provide avenues for the emplacement of late stage discordant dunite/serpentinite bodies and slump breccias.

Drilling of the IP and coincident Ni, Cu soil geochemical anomalies resulted in the discovery of the Iron Mountain mineralization. In an area named by AMAX as the Camp Deposit over 50 diamond drill holes tested IP anomalies. This work formed the basis for estimation by the AMAX - AMOCO joint venture of an inferred resource of 6 million tons (5.45 million tonnes) grading 0.43% Ni and 0.25% Cu. The Ni and Cu is reported to occur predominantly in sulphides, principally pentlandite and chalcopyrite, respectively.

Beartooth has copies of AMAX-AMOCO diamond drill hole logs and assay data (Ni, Cu, Co) for the majority of holes drilled in the Camp zone. In addition, it has copies of diamond drill hole relogs of selected holes completed by the Anaconda Company and by Dr. Michael Zientek of the United States Geological Survey (USGS), Spokane, Washington. To date the Company has been unable to locate specifics of AMAX - AMOCO's documentation related to its resource estimate although cross sections showing the geological interpretation and distribution of grades are available. This resource estimate has also been quoted in USGS publications. Mr. Turner confirms that the drilling data is reliable and is of the opinion that the resource estimate is reasonable and would be considered as an inferred resource under the CIM mineral resource classification of NI 43-101.

Representative higher-grade intercepts from the Camp Deposit drilling by AMAX-AMOCO are tabulated below.

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Hole #      From        To   Interval       Ni        Cu     Ni+Cu
            (Ft)      (Ft)       (Ft)        %         %         %
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355-2      513.4     514.2        0.8     1.87      0.62      2.49
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355-5      359.0     364.0        5.0     0.69      1.02      1.71
           -------------------------------------------------------
           367.0     372.0        5.0     2.18      0.91      3.09
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355-15     120.0     125.0        5.0     1.64      0.21      1.83
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355-16     360.0     370.0       10.0     1.08      0.42      1.50
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355-59     583.0     593.0       10.0     1.13      0.26      1.59
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Beartooth's re-evaluation suggests that the mineralization is not stratigraphically controlled, but is fault controlled. There may be a series of mineralized shoots sub-normal to strike and adjacent to transverse faults of higher-grade mineralization than what the mineral inventory indicates.

It should be noted that in none of this drill testing or assaying were systematic analyses for PGE undertaken which is the prime focus of the Beartooth program. Instead, isolated samples were analyzed for PGE by AMAX-AMACO as was a single bulk sulfide flotation concentrate. This concentrate was reported to contain 6.55% Cu, 8.54% Ni, 3.39 g Pt/t, 3.63g Pd/t and 0.17 g Rh/t.

Beartooth Platinum Corporation is a Platinum Group Metals Company that has secured a large land position with advanced exploration targets in the Stillwater Complex in Montana and is well positioned for responsible mineral development. The Company also holds a promising gold exploration project in Idaho which was recently 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.

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 statements 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)