PRIVATE PLACEMENT – FIRST TRANCHE CLOSED Bitterroot Resources Ltd. (BTT, TSX-V) has closed the first tranche of its previously announced non-brokered private placements, having received gross proceeds of C$139,400 from the sale of
BITTERROOT RESOURCES LTD.
Suite 206-B, 1571 Bellevue Avenue, West Vancouver, BC, V7V 1A6
tel 604 922 1351
www.bitterrootresources.com
NEWS RELEASE
May 24, 2019
PRIVATE PLACEMENT – FIRST TRANCHE CLOSED
Bitterroot Resources Ltd. (BTT, TSX-V) has closed the first tranche of its previously announced
non-brokered private placements, having received gross proceeds of C$139,400 from the sale of
units and flow -through shares. In the first tranche, t he Company sold 1,928,000 units priced at
$0.05 per unit for proceeds of C$96,400. Each unit consists of one common share and one half of
a common share purchase warrant exercisable at $0.11 for 2 years. The Company has also sold
628,571 Flow Through shares priced at $0.07 for proceeds of C$43,000. A second c losing is
planned within the next few weeks.
Proceeds of the first tranche are being used to fund geophysical surveys (gravity and IP) to refine
drill targets on the Summit Zone carbonate replacement targets on the North B renda property in
southern British Columbia, and for working capital.
The Summit Zone is a road-accessible zinc, molybdenum and silver-in-soil geochemical anomaly
within a 1.2 km x 0.5 km area underlain by folded Nicola Group carbonate-bearing sediments
which are cut by younger granitic intrusions . Additional information on the Summit Zone
carbonate replacement targets can be found in the slide presentation posted on the Company’s
website, www.bitterrootresources.com.
The Qualified Person, as defined in NI 43-101, responsible for the technical content of this news
release is Jeffrey D. Rowe, P.Geo.
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 plans,
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.