Beartooth Platinum Corporation
TSX VENTURE : BTP

Beartooth Platinum Corporation

August 09, 2007 14:34 ET

Beartooth Platinum Corporation Announces 2007 Drill Program for Stillwater Project

TORONTO, ONTARIO--(Marketwire - Aug. 9, 2007) - Beartooth Platinum Corporation (TSX VENTURE:BTP) is pleased to announce the commencement of drilling at the Company's Stillwater Project in south-central Montana, USA. The first of two rigs arrived at the Company's facilities in Nye, Montana on July 21st, and drilling began on July 31st. Mobilization to the first drill site was delayed slightly and the second drill is expected to arrive on site on August 9th. The two rigs have four times the available power of the fly rig utilized on Beartooth's Stillwater Project in 2006, and it is anticipated that the entire planned drill program will be completed on schedule despite the minor delays in mobilization.

The 2007 drill program targets a 15 km-long, Platinum+Palladium+Copper+Nickel soil geochemical anomaly coincident with the interpreted position of the B Chromitite layer near the base of the Stillwater Intrusive Complex. A total of 34 holes at 200-meter spacing are planned along this strike length. The program is expected to total approximately 6,100 meters (20,000 feet) of core drilling. Please visit www.beartoothplatinum.com for details of the 2007 exploration program.

Mr. Michael Johnson, President and CEO said "We are very excited to commence drilling on the 34 new target locations with demonstrated strong anomalies that Beartooth identified last year. Our drill program in 2007 is more than double last year's program and results will be announced as soon as assays are received, likely in the fall."

The Company has also received full-suite Platinum Group Metal analyses for B Chromitite intersections obtained during the 2006 drill program. The samples were analyzed by nickel sulphide collection fire assay at SGS Mineral Services Ltd. of Toronto, Canada. These results confirm the high Rhodium concentrations in the B Chromitite layer as previously indicated by the Company's exploration work. In the new data, Rhodium concentrations range from 4-19% of the Platinum+Palladium concentration in the B Chromitite core samples. These values are consistent with an average Rhodium content equivalent to 8-10% of the Platinum+Palladium grade as determined from a database of Rhodium assays consisting of over 200 surface and core samples. Beartooth's rhodium values are amongst the highest discovered in the world at platinum and palladium producing mines. Full suite Platinum Group Metal assay results for the 2006 B Chromitite samples are presented in Table 1.



Table 1. Nickel Sulphide collection fire assay results for 2006
core samples from the B Chromitite layer of the Stillwater Complex.
Hole Sample From M To M Inter- Au Pt Pd
Number val M (ppb) (ppb) (ppb)

IM206-02 111210 28.6 28.8 0.2 53 527 2030

IM206-02 111211 28.8 29.1 0.3 234 3300 14100

IM206-02 111212 29.1 29.4 0.3 315 3910 19200

IM206-02 111213 29.4 29.6 0.3 101 625 1650

IM206-03 111534 101.4 101.7 0.3 32 597 958

IM206-03 111535 101.7 102.0 0.3 62 1300 1480

IM206-03 111536 102.0 102.3 0.3 63 772 1470

IM206-03 111537 102.3 102.6 0.3 8 158 170

IM206-03 111538 102.6 103.0 0.4 41 534 976

IM206-03 111539 103.0 104.2 1.2 48 290 1030

IM206-04 111697 108.4 108.8 0.3 67 674 3780

IM206-05 112149-B 243.8 244.1 0.3 140 970 2880

IM206-05 112151 244.1 244.4 0.3 117 712 2900

IM206-05 112152 244.4 244.8 0.3 74 266 681

IM206-06 112465 200.3 200.6 0.3 132 1540 3870

IM206-06 112466 200.6 200.9 0.3 63 727 6020

IM206-06 112467 200.9 201.2 0.3 33 173 1980



Au+Pt+ Rh/
Hole Rh Ru Ir Os Pd+Rh (Pt+Pd)
Number (ppb) (ppb) (ppb) (ppb) (ppb) %
IM206-02 176 126 36 11 2786 6.9

IM206-02 986 229 135 26 18620 5.7

IM206-02 greater greater
than than
1000 276 137 23 24425

IM206-02 110 25 12.1 6 2486 4.8

IM206-03 252 176 55.6 24 1839 16.2

IM206-03 433 158 99.8 23 3275 15.6

IM206-03 261 93 51.4 15 2566 11.6

IM206-03 62 88 21.5 10 398 18.9

IM206-03 187 108 38.4 12 1738 12.4

IM206-03 56 17 10.3 4 1424 4.2

IM206-04 446 262 78.1 45 4967 10.0

IM206-05 384 124 79.5 31 4374 10.0

IM206-05 185 49 30.4 20 3914 5.1

IM206-05 44 15 8.4 9 1065 4.6

IM206-06 559 154 73.8 15 6101 10.3

IM206-06 407 82 55.6 12 7217 6.0

IM206-06 92 22 17.6 8 2278 4.3
The widths shown in the above table are not true widths.
Additional drilling is required before true widths can be
calculated.


The Company employs a QA/QC protocol on all aspects of its analytical procedure. Core samples are sawn and one half of the core is restored to the core box for future reference and one half of the core is sent for analysis. Samples are taken in approx. 1.0-metre intervals or less. Sample preparation has been completed at the SGS preparation Laboratory in Elko, Nevada and the pulps are shipped to SGS Mineral Services Ltd. in Toronto, Canada for assaying using nickel sulphide collection fire assay techniques. A blank sample is inserted within every 50 & 100 ft of core. Known standards, samples representing a high and low range of grade are inserted at 25 and 75 ft intervals. Approximately 12.5% of the pulps are re-analyzed by SGS.

The Quality Control and all aspects of the exploration program are supervised by Mr. Michael D. Johnson, P.Geo, the President and Chief Executive Officer of Beartooth and a qualified person under National Instrument 43-101. Mr. Johnson has reviewed the technical information in this press release.

About Beartooth Platinum Corporation

Beartooth controls 872 unpatented lode mineral claims over the exposed 50-kilometer strike length of the Stillwater Complex. The Stillwater Complex hosts the JM-Reef, the world's richest primary PGM deposit. Stillwater Mining Company (SMC) currently operates two mines on 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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Statements in this release that are not historical facts are "forward-looking statements" within the meaning of the applicable securities law. 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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