Beartooth Platinum Strengthens Management Team and Board of Directors.TORONTO -- Stan Bharti Appointed 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. Beartooth Platinum Corporation (TSXV: BTP) today announced changes to strengthen its Senior Executive team and Board of Directors. Beartooth Platinum Corporation is a Canadian company that explores for Platinum Group Metals (PGM) in the Stillwater Igneous Complex The Stillwater igneous complex is a large ultramafic to mafic layered intrusion located in southern Montana in Stillwater, Sweet Grass and Park Counties. The complex is exposed across 30 miles (48 km) of the north flank of the Beartooth Mountain Range. of Montana and for gold in Idaho, USA. The Company's core asset is a significant land holding of over 14,000 acres in the Stillwater Complex of Montana. Within this land package exists numerous untested PGM zones with excellent near term discovery potential and several advanced stage exploration targets. The market fundamentals for PGM and gold are strong. With few exploration companies offering highly prospective PGM and gold targets, the Company is uniquely positioned for growth. Mr. Stan Bharti, P.Eng. has been appointed President and CEO of Beartooth effective October 18, 2004. Mr. Bharti is a professional Mining Engineer with over twenty-five years experience managing and financing mining operations with international organizations, including Falconbridge Ltd. Most recently, Mr. Bharti was President of Desert Sun Mining Corp. (TSX:DSM 1. DSM - Data Structure Manager. An object-oriented language by J.E. Rumbaugh and M.E. Loomis of GE, similar to C++. It is used in implementation of CAD/CAE software. DSM is written in DSM and C and produces C as output. ), (AMEX AMEX See: American Stock Exchange :DEZ). Under Mr. Bharti's leadership, Desert Sun successfully completed a Feasibility Study "A Feasibility Study" is an episode of the original The Outer Limits television show. It first aired on 13 April, 1964, during the first season. It was remade in 1997 as part of the revived The Outer Limits series with a minor title change. , significantly strengthened the Executive Management team, and the Jacobina Mine on the Bahia Gold Belt in northeastern Brazil is scheduled to begin gold production in early 2005. Mr. James C. Dunlop has also been appointed to the Board. Mr. Dunlop is President and CEO of Athlone Bancorp Inc., an Investment Management firm, and has over 20 years of experience in the financial services industry. He has held senior positions with Wood Gundy Capital Management, Canadian Imperial Bank of Commerce The Canadian Imperial Bank of Commerce TSX: CM NYSE: CM, better known to most customers as CIBC, is one of Canada's major banks. CIBC is classified as a Domestic Chartered Bank (Schedule I). and Canada Trust Investment Group. Mr. Dunlop is a graduate of the University of Western Ontario Western is one of Canada's leading universities, ranked #1 in the Globe and Mail University Report Card 2005 for overall quality of education.[2] It ranked #3 among medical-doctoral level universities according to Maclean's Magazine 2005 University Rankings. and he received his F.C.S.I. designation in 1985. Along with Mr. Bharti and Mr. Dunlop, the current Board members of Beartooth are: Mr. Gerald P. McCarvill, Chairman. Mr. McCarvill has more than 20 years experience in the financial sector holding senior positions with major investment firms including as a member of the executive committee of Wood Gundy. Most recently, Mr. McCarvill was CEO of McCarvill Corporation, a diversified financial services company and previously was CEO of Repadre Capital Corporation, a successful mining royalty company. Mr. John Andrews, P.Eng. Mr. Andrews has been involved in various senior managerial capacities for over 30 years with several public resource companies in the United States, South Africa and Canada. Recently, from 1993 to July 1999, he was President, Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. and a Director of Stillwater Mining Company Stillwater Mining Company (NYSE: SWC) is a palladium and platinum mining company with headquarters located at Billings, Montana, United States. It is the only palladium and platinum producer in the USA. located in Columbus, Montana. For a period of three years up to August 2003, he was President, Chief Executive Officer and Director of Beartooth Platinum Corporation. Mr. Keith C. Minty, P.Eng. Mr. Minty has over 20 years mining and financial experience in operations, engineering and management in North America and overseas in both open pit and underground operations. He was the President and CEO of North American Palladium Ltd., and was instrumental in developing this company into Canada's largest primary palladium producer. In 2000, Mr. Minty was received the prestigious "Mining Man of the Year" award from "The Northern Miner" in recognition for developing North American Palladium Ltd. into a significant world palladium producer. Mr. Minty was previously President and CEO of Beartooth. Beartooth Platinum Corporation is a Platinum Group Metals and Gold exploration company that has secured a large land position with advanced exploration targets in two important mineral districts in the western United States Noun 1. western United States - the region of the United States lying to the west of the Mississippi River West Santa Fe Trail - a trail that extends from Missouri to New Mexico; an important route for settlers moving west in the 19th century and is well positioned for responsible mineral development. 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 The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and 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 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. DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE. Beartooth Platinum Corporation (TSX VENTURE:BTP) |
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