Beartooth Platinum Corporation
TSX VENTURE : BTP

Beartooth Platinum Corporation

October 18, 2007 08:30 ET

Beartooth Platinum Completes 2007 Drilling Season at Stillwater, Montana

TORONTO, ONTARIO--(Marketwire - Oct. 18, 2007) - Beartooth Platinum Corporation (TSX VENTURE:BTP) reports the end of the 2007 drilling season on its Stillwater property in South-Central Montana, USA, due to the arrival of the first substantial winter snow.

BTP successfully drilled 3,275.9 metres (10,145 feet) in 11 holes, three on the Iron Mountain area and eight centered on the large, soil anomaly at Chrome Mountain that was identified in 2006 (held through JV with Premium Exploration (TSX VENTURE:PEM)). Samples were shipped on a daily basis to SGS in Toronto, with results for the first holes expected to be returned in the next few weeks.

Mike Johnson, President & CEO of Beartooth commented, "The drilling intercepted some very interesting mineralization including several meters of sulphides, chromites and other indications of potential Platinum Group Metal mineralization."

Despite a number of hurdles, BTP completed a substantial portion of its planned drill program. Drilling for the 2007 field season was delayed because custom rigs ordered for the project arrived late. As was previously reported, work was also interrupted by a local forest fire. In addition, a lobby group sought unsuccessfully to challenge the permit-granting process of the United States Forest Service by challenging certain of the permits held by BTP.

In addition to Beartooth's Stillwater project, the Company is moving ahead with plans to drill on the geophysical anomaly located on the Doornfontein Project, located on the northern rim of the Bushveld, South Africa. Drilling is planned to start in November 2007. The Doornfontein Project represents a good opportunity for Beartooth not only because it provides a foothold in the prolific Bushveld Camp but also represents an opportunity for drilling to be carried out while Beartooth's Stillwater project is not accessible due to winter conditions.

Additional information about the Company and its properties is available on the Company's website at www.beartoothplatinum.com.

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Statements in this release that are not historical facts are "forward-looking statements" within applicable securities laws. 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."

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