BITTERROOT RESOURCES’ OPTION AGREEMENT on the LM NICKEL-COPPER-PGM PROPERTY Bitterroot Resources Ltd.’s (BTT, TSX-V) (“ Bitterroot”) Michigan subsidiary has entered into an option/joint venture agreement whereby

BITTERROOT RESOURCES LTD.

Suite 206-B, 1571 Bellevue Avenue, West Vancouver, BC, V7V 1A6

tel 604 922 1351

www.bitterrootresources.com

NEWS RELEASE

February 19, 2020

BITTERROOT RESOURCES’ OPTION AGREEMENT on the

LM NICKEL-COPPER-PGM PROPERTY

Bitterroot Resources Ltd.’s (BTT, TSX-V) (“ Bitterroot”) Michigan subsidiary has entered into an

option/joint venture agreement whereby Below Explor ation, Inc., (“ Below ”) a private Michigan

corporation, can earn a 49% joint venture interest in Bitterroot’s 100%-leased LM nickel-copper-

platinum-palladium property in Baraga County, Michigan. Below is required to fund US$285,000

of exploration expenditures prior to the first anni versary of the agreement to earn a 49% joint

venture interest. Bitterroot will be the project op erator, regardless of its ownership level, and

retains a right of first refusal over Below’s property interest. Following vesting of its 49% interest,

Below will have a 90-day option to convert its inte rest in the project into Bitterroot shares. The

value of the project will be determined at that time by an independent Qualified Person acceptable

to both parties. If it were to occur, the conversio n into Bitterroot shares will be subject to the

approval of the TSX Venture Exchange and is subject to applicable securities laws. If Below does

not exercise the share conversion option, the joint venture will continue.

The LM nickel-copper-PGM property comprises 100%-le ased, privately-owned mineral rights

located approximately 25 km west of Lundin Mining’s Eagle Mine, in a similar geologic setting.

In 1995, following the discovery of nickel-copper m ineralized boulders in a nearby gravel pit,

Kennecott Exploration Company drilled one shallow a ngle hole on the LM target. This hole

intersected 190 metres of an olivine gabbro intrusi on which is prospective at depth for conduit-

hosted, high-grade magmatic nickel-copper-PGM depos its similar to the Eagle and Eagle East

deposits. The 1995 Kennecott angle hole tested the Eagle-sized LM intrusion to a depth of only

170 metres below surface. In the mid 2000’s, severa l years after Kennecott had released the LM

Property, drilling nearby intersected nickel-copper mineralization in similar, but much smaller,

mafic intrusions at approximately 500-600 metres be low surface. Bitterroot and Below plan to

drill-test the LM intrusion at similar depths. Bore hole EM techniques may also be used to guide

subsequent drilling.

A ground magnetic survey completed in January 2020 has confirmed the position of the ~200-

metre-diameter, pipe-shaped LM intrusion. Bitterroot and Below plan to complete two 650-metre

sub-vertical core holes to test the intrusion for n ickel-copper-platinum-palladium mineralization

near the unconformity between Paleoproterozoic Bara ga group sediments and older Archean

gneiss. A map showing the LM property’s ground magnetic response and a simplified cross section

showing the drill target are posted on Bitterroot’s website www.bitterrootresources.com .

Jeffrey Rowe, P.Geo is the Qualified Person respons ible for the technical content of this

disclosure.

ON BEHALF OF THE BOARD OF DIRECTORS OF THE COMPANY:

Michael S. Carr

Director

Contact information:

Telephone 604 922 1351

Email [email protected]

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 securitie s legislation. Generally, forward-looking informati on 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 financ ial 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

processes and actions, technical issues, new legisl ation, competitive conditions, the uncertainties re sulting from

potential delays or changes in plans, the occurrenc e of unexpected events and the company’s ability to execute and

implement its future plans. Forward-looking stateme nts in this press release include but are not limit ed to the final

approval of the TSX Venture Exchange and the Compan y’s planned use of the proceeds of the Private Plac ements.

Factors that could cause actual results to differ m aterially from those in forward-looking statements include that the

Company does not receive final regulatory acceptance to the Private Placements. Accordingly, the 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 care fully consider the foregoing factors and other unce rtainties 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 requir ed by applicable securities laws. For such forward- looking

statements, we claim the safe harbour for forward-l ooking statements within the meaning of the Private Securities

Legislation Reform Act of 1995.