BITTERROOT RESOURCES CLOSES FIRST TRANCHE OF C$1,000,000 PRIVATE PLACEMENT Bitterroot Resources Ltd. (symbol BTT, TSX-V) has closed the sale of 8,085,500 units for gross proceeds of C$808,500, in the first tranche of a non -brokered private placement of up to

BITTERROOT RESOURCES LTD.

Suite 206-B, 1571 Bellevue Avenue,

West Vancouver, BC, V7V 1A6

tel 604 922 1351

www.bitterrootresources.com

NEWS RELEASE

March 31, 2022

BITTERROOT RESOURCES CLOSES FIRST TRANCHE OF

C$1,000,000 PRIVATE PLACEMENT

Bitterroot Resources Ltd. (symbol BTT, TSX-V) has closed the sale of 8,085,500 units for gross

proceeds of C$808,500, in the first tranche of a non -brokered private placement of up to

10,000,000 units priced at C$0.10 . Each unit consists of one common share and one half of a

common share purchase warrant exercisable at C$0.20 for two years. The proceeds will be used to

continue exploring for high-grade magmatic nickel-copper at the LM Property joint venture in

Michigan and for planned drill tests on one or both of the Company’s fully-permitted gold-silver

projects in Nevada, plus general working capital.

The securities issued pursuant to the financing will be subject to four-month hold period under

applicable securities laws. The warrants will not be subject to an accelerated expiry provision. The

Company has paid fees to qualified finders, co nsisting of 7 percent cash and 7 percent broker

warrants.

The Company’s management also notes and applauds US President Biden’s Determination today

under Section 303 of the Defense Production Act of 1950, as amended, (“the Act”), whereby the

Biden Administration will promote the expansion of domestic, environmentally responsible

production o f strategic and critical materials, including nickel. The Act allows the Biden

Administration to invest in industrial capability in order to encourage exploration, development,

and mining of critical and strategic materials.

This news release does not constitute an offer or solicitation to sell any of these securities in the

United States. The securities will not be registered under the United States Securities Act of 1933,

as amended (“the US Securities Act”), or under any State securities laws. The securities may not

be offered or sold within the United States or to U.S. Persons unless registered under the U.S

Securities Act and applicable State securities laws, or unless an exemption from such registration

is available.

ON BEHALF OF THE BOARD OF DIRECTORS

Michael S. Carr

Director

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX

Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

FORWARD LOOKING STATEMENTS: Certain statements contained in this press release may constitute forward-

looking statements under Canadian securities legislation. Generally, forward-looking information can be identified by

the use of forward-looking terminology such as “expects” or “it is expected”, or variations of such words and phrases

or statements that certain actions, events or results “will” occur. This document contains statements about expected or

anticipated future events and/or financial results that are forward-looking in nature and as a result, are subject to certain

risks and uncertainties, such as general economic, market and business conditions, regulatory pr ocesses and actions,

technical issues, new legislation, competitive conditions, the uncertainties resulting from potential delays or changes

in plans, the occurrence of unexpected events and the company’s ability to execute and implement its future plans.

Actual events may differ materially from those projected in the forward-looking statements. When relying on forward-

looking statements to make decisions, investors and others should carefully consider the foregoing factors and other

uncertainties and shoul d not place undue reliance on such forward -looking statements. The Company does not

undertake to update any forward-looking statements, except as may be required by applicable securities laws. For such

forward-looking statements, we claim the safe harbour for forward -looking statements within the meaning of the

Private Securities Legislation Reform Act of 1995.