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To: Goose94 who wrote (33753)9/8/2017 7:42:52 PM
From: Goose94Read Replies (1) | Respond to of 202616
 
Bitterroot Resources (BTT-V) Unit Financing Increased

Sept 8, '17 - NR

Michael Carr, CEO and Director of Bitterroot Resources announces that the Company's previously planned non-brokered private placement (4,000,000 units priced at C$0.20) has been increased in size to 4,900,000 units priced at C$0.20, for gross proceeds of C$980,000. The terms of the units remain unchanged. Each unit consists of one common share and one half of a common share purchase warrant. Each full warrant will be exercisable at C$0.30 for a period of 24 months. The proceeds will be used to fund drilling on the Company's Hackberry Silver Project in Arizona and for working capital.

Bitterroot will also issue up to 1,000,000 Flow-Through common shares priced at C$0.22, for gross proceeds of C$220,000, in a non-brokered private placement. The terms of the Flow-Through share offering are unchanged. The proceeds will be used to fund drilling on the Company's North Brenda (BC) gold-silver project.

A finders' fee of 6 per cent cash and 6 per cent share purchase warrants (broker warrants), exercisable on the same terms as the private placement warrants, will be paid to third party finders.

ON BEHALF OF THE BOARD OF DIRECTORS

Michael S. Carr
Director

bitterrootresources.com