Bitterroot Resources arranges $2.4-million financing

Mr. Michael Carr reports BITTERROOT RESOURCES LTD. C$2,400,000 PRIVATE PLACEMENT Bitterroot Resources Ltd. plans to issue up to 20 million units in a non-brokered private placement. The units are priced at 12 cents, consisting of one common share plus one-half of a common share purchase warrant, exercisable at 20 cents for two years. The proceeds of the private placement will be used to finance drilling and associated exploration costs at the 51-per-cent-owned LM nickel-copper project in the Upper Peninsula of Michigan and for general working capital. Bitterroot's Michigan subsidiary, Trans Superior Resources Inc., is the LM project operator, with the remaining 49 per cent held by Michigan-based, privately held Below Exploration Inc. Additionally, Trans Superior has entered into an agreement with the U.S. Department of War (DoW), whereby the DoW will provide up to $5,223,431 (U.S.) in Defence Production Act (DPA) Title III funding to Trans Superior. The DoW investment will reimburse 50 per cent of approved exploration and associated costs incurred on the LM project. The DPA Title III funding is non- dilutive. Details of the LM nickel-copper project are available on the Bitterroot website. Subject to TSX Venture Exchange approval, the securities issued pursuant to the financing will be subject to a four- month hold period under applicable securities laws. We seek Safe Harbor.