Beartooth Platinum Awards Progressive Drilling Company the 2006 Contract for Their Stillwater Complex Exploration Program

Beartooth Platinum Corporation (TSX VENTURE:BTP) announced today that Progressive Drilling Company, based in Elko, Nevada has been awarded the 2006 contract for the Company's 10,000 meter drilling program at their Stillwater property, located in South Central Montana. Drilling is expected to commence in early June, as soon as the winter snow melt allows access.

All of the necessary drilling and prospecting permits have been obtained from the United States Forest Service (USFS).

The 2006 program at Stillwater will focus on drill testing the 5,200 meter (17,000 feet) strike of the B Chromitite defined during the 2005 field season by geologic mapping and sampling, grid soil sampling and ground geophysics. The B Chromitite has yielded samples containing up to 112 g/t (3.0 ounces) of combined platinum, palladium & gold.

In 2005, over 50 years of exploration data for the district was compiled onto one data set. From this data compilation, it became apparent that the B Chromite had never been systematically drilled for platinum or palladium mineralization. During 2006, BTP plans to drill on sections 200 meter (650 feet) apart, cross-cutting the B Chromitite horizon.

The B Chromitite is one of eleven (A through K) parallel chromitite reefs within the ultramafic zone of the layered intrusive Silllwater Complex. Consequently, BTP's 2006 drill program is also designed to intercept these units on 400 meter centers to determine if they are also anomalous in platinum and palladium mineralization.

Additional surface exploration will be performed on other targets within BTP's 14,000 acres land package. These targets have not yet been fully tested by either BTP or previous exploration programs. These targets include: extensions to the B Chromitite horizon, the VEZ and Picket Pen targets. All these targets contain anomalous platinum and palladium mineralization and are parallel to Stillwater Mining Company's (SMC) JM Reef. SMC is actively mining from reserves of 36.5 million tons with a grade of 20.1 g/t platinum and palladium.

Surface exploration work will consist of geologic mapping and sampling of available outcrop, combined with grid soil geochemistry and ground magnetic surveys in areas of cover.

In addition, the option with Desert Charm Trading 189 (Pty) Ltd which Beartooth was previously evaluating will not be exercised. After drilling two core holes and performing a ground magnetic survey, BTP did not intercept Bushveld Complex rocks containing the platinum and palladium bearing Merensky and UG2 reefs.

The two core holes, which were designed to intersect the potential extensions of the UG2 and Merensky reefs adjacent to Lonmin's Limpopo Property, intercepted the underlying Transvaal metasediments. In addition, a comprehensive ground magnetic program did not locate a magnetic unit known to lie stratagraphically above the Merensky and UG2 mineralized horizons.

BTP geologists have interpreted that the Bushveld Complex mafic rocks, containing the Merensky and UG2 reefs, have been attenuated or pinched out in this area.

Consequently, BTP will terminate the option agreement with Desert Charm Trading (Pty) Ltd.

Michael Johnson, President and CEO of BTP stated "For a cost of $50,000 for the option, we have had an active look at the Bushveld geology. Unfortunately we are dealing with complex geology in this region and mineral resources are not entirely predictable even with the proximity we had to the mine that Lonmin is operating. We are planning to pursue other opportunities in this important platinum and palladium rich Bushveld Complex".

About Beartooth Platinum Corporation

Beartooth controls 872 unpatented lode mineral claims over the exposed 50 kilometer strike length of the Stillwater Complex, North America's largest known resource of PGE's where there are two operating mines of the Stillwater Mining Company (SMC) from 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 U.S. Private Securities Litigation Reform Act of 1995. 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."

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