C$1,288,910 UNIT FINANCING CLOSED Bitterroot Resources Ltd. (BTT, TSX -V) has closed a non -brokered private placement of 7,160,611 units priced at C$0. 18 in a non -brokered private placement for gross proceeds of C$1,288,910.

BITTERROOT RESOURCES LTD.

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

tel 604 922 1351, fax 604 922 8049

www.bitterrootresources.com

NEWS RELEASE

February 15, 2017

C$1,288,910 UNIT FINANCING CLOSED

Bitterroot Resources Ltd. (BTT, TSX -V) has closed a non -brokered private placement of

7,160,611 units priced at C$0. 18 in a non -brokered private placement for gross proceeds of

C$1,288,910.

Each unit consists of one common share and one half common share purchase warrant which is

exercisable at C$0.30 until February 14, 2019. The warrants are subject to accelerated exercise

provisions if Bitterroot’s shares trade on the TSX Venture Exchange at C$0.50 for greater than

20 consecutive trading days. Finder’s fees paid in conjunction with the private placement consist

of C$54,318.60 in cash and the issuance of 301,770 warrants exercisable at C$0.30 for two

years.

The common shares, plus any common shares acquired through the exercise of warrants or

broker warrants are subject to a hold period expiring June 14, 2017.

The proceeds will be used to fund the first phase of exploration on the Company’s Hackberry

Silver Project and for working capital . A NI 43 -101 – compliant Technical Report on the

Hackberry Silver Project has been submitted to the TSX Venture Exchange for approval and will

be available on The Co mpany’s website ( www.bitterrootresources.com) and www.sedar.com

following receipt of Exchange approval.

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: 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 processes and actions, technical

issues, new legislation, competitive conditions, the uncertainties resulting from potential delays or changes in plan s,

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

results may differ materially from those projected by management. For such statements, we claim the safe harbour

for forward-looking statements within the meaning of the Private Securities Legislation Reform Act of 1995.