Mr. Michael Carr reports

BITTERROOT RESOURCES LTD. CLOSES FINAL TRANCHE OF PRIVATE PLACEMENT

Bitterroot Resources Ltd. has closed the final tranche of a non-brokered private placement. The company has placed a total of 17,687,883 units priced at 12 cents, consisting of one common share and one-half common share purchase warrant exercisable at 20 cents, expiring Oct. 8, 2028, and Oct. 30, 2028. Gross proceeds of the placement are $2,122,545.

The proceeds of the private placement will be used to finance Bitterroot's share of costs incurred for drilling approximately 10,000 metres in 15 to 20 holes, plus 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 and financed 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 Defense Production Act (DPA) Title III funding to Trans Superior. The DoW investment will reimburse 50 per cent of approved exploration and associated costs incurred by the joint venture on the LM project. The DPA Title III funding is non-dilutive.

Upon 15 days of notice, Bitterroot Resources has the right to accelerate the warrant expiry dates if the 20-day volume-weighted average trading price of the common shares on any public stock exchange exceeds 40 cents per share.

Finders' fees consisting of $65,316 plus 544,000 broker warrants priced at 20 cents and expiring Oct. 8, 2028 (first tranche), and Oct. 30, 2028 (second tranche), were paid in connection with the private placement.

Any common shares issued pursuant to this placement or the exercise of associated warrants will be subject to a four-month hold period expiring Feb. 9, 2027 (first tranche), and March 1, 2027 (second tranche).

We seek Safe Harbor.