Beartooth Platinum Corporation

Beartooth Platinum Corporation

December 12, 2006 14:16 ET

Beartooth Issues Retraction of Disclosure of Gross Metal Values

TORONTO, ONTARIO--(CCNMatthews - Dec. 12, 2006) - Beartooth Platinum Corporation (TSX VENTURE:BTP), at the request of the TSX Venture Exchange, wishes to retract the portion of the press release issued earlier today as it was not appropriate to disclose gross metal values as these may be misleading to investors in the absence of a feasibility study on the project.

About Beartooth Platinum Corporation

Beartooth controls 872 unpatented lode mineral claims over the exposed 50-kilometer strike length of the Stillwater Complex, North America's largest known resource of PGM, where there are two operating mines of the Stillwater Mining Company (SMC) from the J-M Reef. Beartooth's mineral claims are contiguous with these significant resource properties.

Additional information about the Company and its properties is available on the Company's website at

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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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