Bitterroot Resources closes private placement

Mr. Michael Carr reports PRIVATE PLACEMENT CLOSED Bitterroot Resources Ltd. has closed a non-brokered private placement of 19.78 million units, consisting of: 10,155,000 units, priced at five Canadian cents, each unit consisting of one common share and one-half common share purchase warrant, exercisable at 10 Canadian cents for two years; and 9,625,000 units, priced at four U.S. cents, each unit consisting of one common share and one-half common share purchase warrant, exercisable at eight U.S. cents for two years. The company may accelerate the warrant expiry date if the 20-day volume weighted average trading price on the TSX Venture Exchage exceeds 20 Canadian cents per share. The proceeds of the private placement will finance the maiden reverse circulation drilling program (approximately 3,000 metres in 10 holes) on the Nighthawk gold/silver project, near Tonopah in Nevada, and for general working capital. Finders' fees consisting of $13,665 (Canadian) plus 273,300 broker warrants, priced at 10 Canadian cents for two years, were paid in connection with the private placement. The common shares and any additional common shares issued pursuant to the exercise of warrants will be subject to a four-month hold period expiring Dec. 20, 2025 (17,455,000 units), and Dec. 27, 2025 (2,325,000 units). We seek Safe Harbor.