Beartooth Platinum Corporation

Beartooth Platinum Corporation

December 06, 2007 17:30 ET

Beartooth Platinum Corporation Announces Results From the Inversion Modeling of Ground Magnetic Data, Doornfontein Project, Bushveld Complex, South Africa

TORONTO, ONTARIO--(Marketwire - Dec. 6, 2007) - Beartooth Platinum Corporation (TSX VENTURE:BTP) is pleased to announce that a drill rig is on location and is planned to commence drilling today, December 7, 2007 on BTP's Doornfontein property, located above potential Bushveld rocks, South Africa.

The Doornfontein property overlies a regional-scale magnetic anomaly situated between the Eastern and Northern limbs of the Bushveld Intrusive Complex (please visit for property details). The anomaly is 25 kilometers in length, and reaches 4 kilometers in width. The source of the anomaly is believed to be Bushveld Complex mafic rocks beneath younger cover of the Karoo Supergroup. The mafic rocks of the Bushveld Complex host the world's most prolific deposits of Platinum Group Metals (PGM), the Merensky and UG2 reefs. Beartooth can earn a 70% interest in the Doornfontein property through funding of exploration through to the feasibility stage.

The ground magnetic survey completed on part of the Doornfontein property in August, 2007 and was designed to provide a three dimensional model and additional details regarding the structure and attitude of the causative body. The ground magnetic data have been used to refine the inversion model based on the airborne magnetic survey completed by the Council for Geoscience of South Africa in 2004. The current model shows that a strongly magnetic tabular body lies beneath the cover rocks of the Karoo Supergroup on the Doornfontein Property. The body shows a layered structure, with at least two strongly magnetic, parallel, layers within a package of rocks having an average magnetic susceptibility equivalent to ferrogabbros. The body has an average dip of 40 degrees to the south in the ground magnetic survey area. The top of the body lies at depths of between 150 and 350 meters, and is interpreted to be between 850 and 1000 meters thick. The results of the modeling are consistent with the interpretation that the source of the anomaly is the magnetite-rich ferrogabbroic rocks of the Upper Zone of the Bushveld Complex.

Mike Johnson, President & CEO of Beartooth Platinum Corporation, stated "The three dimensional magnetic model is extremely encouraging. It shows that the magnetic anomaly has characteristics we would expect if the source were layered Upper Zone rocks of the Bushveld Complex. It also indicates that the anomaly comes much closer to surface than previously predicted. The initial hole should be completed by December 20th. We will then see if our interpretations are correct. If the anomaly is indeed caused by Bushveld rocks, then we have succeeded in opening up 25 kilometers of new Bushveld strike length to explore for the all-important Merensky and UG2 reefs. This would be a very exciting result for the Company."

Assays from these summers' drilling activity at the Stillwater Project, Montana, U.S.A., are being received. It is hoped that a complete assay package will be available in early January, 2008 and will be published at that time.

About Beartooth Platinum Corporation

Beartooth Platinum Corporation is focused on the exploration for Platinum Group Metals (PGM) globally. The Company is currently active in two of the world's most significant PGM camps: the Stillwater and Bushveld intrusive complexes. In Montana, USA, Beartooth controls 872 unpatented lode mineral claims over the exposed 50-km strike length of the Stillwater Intrusive Complex. The Stillwater Complex hosts the JM-Reef, the world's highest-grade 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.

In Limpopo Province of South Africa, Beartooth has an option to earn a 70%-interest in the approximately 7,500 hectare Doornfontein property. The Doornfontein property overlies a regional scale magnetic anomaly situated between the North and East Limbs of the Bushveld Intrusive Complex. The anomaly is thought to reflect the westward extension of the East Limb of the complex beneath younger cover rocks. The East Limb of the intrusion hosts the Merensky and UG2 platiniferous reefs, two of the most significant repositories of Platinum Group Metals in the world.

Regulatory Footnotes

Michael D. Johnson, President, CEO and Director of Beartooth Platinum Corporation (BTP), is a Qualified Person as defined under National Instrument 43-101 responsible for the scientific and technical work on the Doornfontein exploration program and is responsible for reviewing the technical disclosure in this press release.

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.

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

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