Beartooth Platinum Corporation
TSX VENTURE : BTP

Beartooth Platinum Corporation

October 28, 2005 09:09 ET

Beartooth Announces Private Placement Financing

TORONTO, ONTARIO--(CCNMatthews - Oct. 28, 2005) -

NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH US NEWSWIRE SERVICES

Beartooth Platinum Corporation (TSX VENTURE:BTP) is pleased to announce plans to raise up to $1,000,000 through a non-brokered private placement of Units. Each Unit, priced at $0.10 per Unit, will consist of one Common Share and one Common Share purchase warrant ("Warrant"). Each Warrant entitles the holder to acquire one Common Share, exercisable at a price of $0.10 per share for a period of 24 months following closing. The private placement remains subject to regulatory approval.

The proceeds will be used by the Company for exploration purposes on its properties as well as for general corporate purposes.

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.

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