C$270,000 PRIVATE PLACEMENT CLOSED Bitterroot Resources Ltd. (symbol BTT, TSX-V) has closed a non-brokered private placement of 10,800,000 units priced at C$0.0 25, consisting of one common share and one common share purchase warrant exercisable at C$0.05 for three years. The warrant expiry may be a
BITTERROOT RESOURCES LTD.
PO Box 91878,
West Vancouver, BC, V7V 4S4
tel 604 922 1351
www.bitterrootresources.com
NEWS RELEASE
May 30, 2024
C$270,000 PRIVATE PLACEMENT CLOSED
Bitterroot Resources Ltd. (symbol BTT, TSX-V) has closed a non-brokered private placement of
10,800,000 units priced at C$0.0 25, consisting of one common share and one common share
purchase warrant exercisable at C$0.05 for three years. The warrant expiry may be accelerated if
the Company’s shares trade over C$0.10 for greater than 20 trading days.
The proceeds of the private placement will be used for claim staking/recording/renewal costs and
drill site permitting at the Nighthawk Gold/Silver Project in Nevada (60%), reimbursement of
expenses incurred by a Non-Arms-Length Party (8%), lease costs at the LM Nickel/Copper Project
in Michigan and for general working capital. No proceeds will be used to fund persons conducting
investor relations activities. There are no finders ’ fees, bonuses or commissions payable in
connection with this private placement.
The common shares and warrants issued pursuant to the financing or subsequent common shares
issued pursuant to the warrant exercise will be subject to a four-month hold period expiring
September 30, 2024 under applicable securities laws and the policies of the TSX Venture
Exchange. As insiders have subscribed for 3,200,000 units, the private placement will be in part a
related party transaction. The Company will rely on an exemption from the valuation and
shareholder approval requirements of MI 61-101.
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 s ecurities 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, 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 processes and actions,
technical issues, new legislation, competitive conditions, the unce rtainties 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 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 statements, we claim the safe harbour for forward -looking statements within the meaning of the
Private Securities Legislation Reform Act of 1995.