Beartooth Provides Update On Historical Resources At Its Stillwater Complex Property.

TORONTO -- BEARTOOTH PLATINUM CORPORATION (TSX VENTURE:BTP), at the request of the TSX Venture Exchange, wishes to clarify statements made in the press release dated April 27, 2005, in regards to a historical resource estimate on the Camp Zone mineralization. It was previously reported that the main mineralized sector at Iron Mountain is the nickel-copper Camp Zone. The Camp Zone hosts a historic resource estimated by AMAX Ltd. (prior to NI 43-101 standards) at 5.45 million tonnes grading 0.43% nickel and 0.25% copper. The inventory is based on approximately 50 diamond drill. The resource estimate provided in the April 27, 2005 press release is historical in nature, and has not been verified by the issuer's Qualified Person, and should not be relied upon.

The information was provided by Mr. Alistair Turner who was directly involved in exploration and development of mineral deposits in the Stillwater Complex since 1977. He was instrumental in finding and developing the platinum-palladium bearing "JM" Reef. This reef is now being actively mined by the Stillwater Mining Company. 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. The Camp Zone information is already summarized in a press release dated November 19, 2004.

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.

Just a reminder that Beartooth will hold an investor conference call at 10 A.M. (EDT) on Wednesday May 4, 2005. Dial-in numbers can be found on the Beartooth Platinum website at www.beartoothplatinum.com in the investor section under news:

Conference Call Details
            Date: Wednesday May 4, 2005
            Time: 10:00 A.M. (EDT)
            Local callers: 416-640-3404
            North American callers: 1-866-337-9164
            International callers: [phone]

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)