BITTERROOT RESOURCES CLOSES FIRST TRANCHE OF PRIVATE PLACEMENT Bitterroot Resources Ltd. (symbol BTT, TSX -V) has closed the first tranche of a non-brokered private placement, raising C$140,000 through the issuance of 3, 500,000 units priced at C$0.0 4,

BITTERROOT RESOURCES LTD.

Suite 206-B, 1571 Bellevue Avenue,

West Vancouver, BC, V7V 1A6

tel 604 922 1351

www.bitterrootresources.com

NEWS RELEASE

January 27, 2023

BITTERROOT RESOURCES

CLOSES FIRST TRANCHE OF PRIVATE PLACEMENT

Bitterroot Resources Ltd. (symbol BTT, TSX -V) has closed the first tranche of a non-brokered

private placement, raising C$140,000 through the issuance of 3, 500,000 units priced at C$0.0 4,

consisting of one common share and one half of a common share purchase warrant exercisable at

C$0.08 for two years. The proceeds will be used, in roughly equal amounts, for land acquisition

activities in Michigan and Nevada and for general working capital.

The securities issued pursuant to the financing will be s ubject to a hold period expiring May 28,

2023. No finder’s fees were paid on this tranche.

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 bus iness conditions, regulatory processes 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 a nd 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 an d other

uncertainties and should 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 stateme nts, we claim the safe harbour for forward -looking statements within the meaning of the

Private Securities Legislation Reform Act of 1995.