Beartooth Platinum Corporation
TSX VENTURE : BTP

Beartooth Platinum Corporation

September 08, 2005 08:00 ET

Beartooth Platinum Announces Start-up of Drilling at Stillwater Property, Montana

TORONTO, ONTARIO--(CCNMatthews - Sept. 8, 2005) - Beartooth Platinum Corporation (TSX VENTURE:BTP) announced today, that drilling commenced on their Stillwater Property located in south central Montana on August 27th, 2005. The first hole is located in the Fishtail Creek, at the eastern end of BTP's land package. The location is on strike with the JM reef, which is currently being mined by Stillwater Mining Company (SWC-N).

Drill sites were located using a combination of air and ground based geophysics, geochemistry and geology. Beartooth's President and CEO, Mr. Michael Johnson said, "We identified a number of geophysical 'peaks' that appear to be associated with both the JM reef and VEZ zones in the Fishtail Creek area. In addition, we found isolated geochemical anomalies, which also appear to be related to the geophysical targets tentatively identified as JM Reef."

Geologically, the Stillwater complex is a very linear, up-turned set of parallel beds stretching for over 28 kilometers. There is every reason to expect a continuation of this strike onto the Fishtail Creek area. The Fishtail Creek area is covered with glacial gravels and Paleozoic sediments. It is impossible to determine the actual depth to the targets from either the geophysical or geochemical data collected earlier in this field season and consequently we are planning on drilling to depths of at least 1,000 feet (300 meters) at each drill location.

Beartooth's property is located on United States Forest Service (USFS) land. The application process for drill permits takes approximately 30 days to complete and permits are now on hand. Beartooth will be drilling up to 10,000 feet in this current program and assay results are anticipated to be released in October.

Fieldwork, consisting of geochemical sampling and geologic mapping, continues on the Iron Mountain, Chrome Mountain and Blakley Creek target areas. It is anticipated that some drilling will be conducted on these target areas during this field season.

About Beartooth Platinum Corporation

Beartooth controls 809 unpatented lode mineral claims over the exposed 50 kilometre strike length of the Stillwater Complex, North America's largest known resource of PGE's 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 www.beartoothplatinum.com.

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