BTP Kria Resources Ltd Com Npv

Beartooth Platinum Corporation (TSX VENTURE:BTP) today announced an update on
its financial position and proposed business combination with Kria Resources.


With negative working capital and outstanding liabilities that exceed its
current cash position, Beartooth's current financial position continues to be a
significant concern for the Company. In the current financial and economic
environment, it is increasingly difficult for early-stage exploration companies
to raise necessary financings, which is why Beartooth's management instead
supports the proposed business combination with Kria Resources (see Press
Release dated February 27, 2009 for further details).


If the proposed business combination with Kria is not approved, Beartooth runs
the risk of becoming bankrupt and being de-listed from the TSX Venture Exchange.
The Company would also require major concessions from suppliers to maintain its
operations. 


Alternatively, by combining with Kria, which has sufficient funds on hand to
finance planned activities in 2009, Beartooth Shareholders, through their
ownership of New Kria Shares, will continue to participate in any increase in
the value of Kria's projects, as well as the current assets of Beartooth. On a
stand-alone basis, Beartooth would require additional funds with respect to its
future activities.


Kria's management team has a proven track record in financing, exploration, mine
development, corporate development and operations for such companies as Yamana,
Goldcorp, Kinross and Hudson Bay Minerals. Kria has successfully compiled a
portfolio of advanced assets, one being a former mine, which offer defined
mineral resources and the potential for future production. 


Kria Resources has recently announced a National Instrument 43-101 compliant
mineral resource estimate for its Halfmile Lake and Stratmat properties in New
Brunswick, Canada and initiated a preliminary economic evaluation (scoping
study) on the Halfmile Lake property. Xstrata owns 9% of the outstanding common
shares of Kria.


Conference Call Details

On Thursday, March 19, 2009, the management of Beartooth and Kria will host a
conference call to discuss the merits of the proposed business combination with
shareholders of both companies.




Date:                      Thursday, March 19, 2009
Time:                      2:00pm Eastern
Local Callers:             416-340-8018
North American Callers:    1-866-225-0198
International Callers:     +1-416-340-8018



There will be question and answer period following the presentation.

About Beartooth Platinum

Beartooth Platinum Corporation is focused on the exploration for Platinum Group
Metals (PGE) globally. The Company has property interests in two of the world's
most significant PGE camps: the Stillwater and Bushveld intrusive complexes. In
Montana, USA, Beartooth controls 1,054 unpatented lode mineral claims over the
exposed 50-km strike length of the Stillwater Intrusive Complex. The Stillwater
Complex hosts the JM-Reef, the world's highest-grade primary PGE deposit.
Stillwater Mining Company (SMC) currently operates two mines on the J-M Reef.
Beartooth's mineral claims are contiguous with these significant resource
properties. 


Additional information about the Company and its properties is available on the
Company's website at www.beartoothplatinum.com.


About Kria Resources 

Kria Resources is a private base metal exploration and development company
focused on high-quality, advanced-stage base metal assets. Kria's primary assets
include the Ruttan copper-zinc sulphide project near Leaf Rapids, Manitoba and
the Halfmile Lake and Stratmat properties near Bathurst, New Brunswick. A NI
43-101 compliant mineral resource estimate for the Ruttan Mine Project estimates
inferred resources of 19.75 million tonnes grading 1.17% copper and 1.47% zinc
using a 1.0% capped copper equivalent cut-off grade. Kria's Halfmile Lake
property has a NI 43-101 compliant Indicated mineral resource estimate of 6.26
million tonnes grading 8.13% zinc, 2.58% lead, 0.22% copper and 30.78 g/t silver
using a 5.0% capped zinc equivalent cut-off grade. Please visit our website at
www.kriaresources.com for additional information.


Regulatory Footnotes

This communication does not constitute an offer to purchase or exchange or the
solicitation of an offer to sell or exchange any securities of Kria or an offer
to sell or exchange or the solicitation of an offer to buy or exchange any
securities of Beartooth, nor shall there be any sale or exchange of securities
in any jurisdiction (including the United States) in which such offer,
solicitation or sale or exchange would be unlawful prior to the registration or
qualification under the laws of such jurisdiction. The distribution of this
communication may, in some countries, be restricted by law or regulation.
Accordingly, persons who come into possession of this document should inform
themselves of and observe these restrictions. The solicitation of offers to buy
Beartooth shares in the United States will only be made pursuant to a prospectus
and related offer materials that Beartooth expects to send to holders of Kria
securities, subject to the requirements of applicable law. The Beartooth shares
may not be sold, nor may offers to buy be accepted, in the United States prior
to the time the registration statement (if any is filed) becomes effective or an
exemption from such requirements is available. No offering of securities shall
be made in the United States except (i) by means of a prospectus meeting the
requirements of Section 10 of the United States Securities Act of 1933, as
amended, which would contain detailed information regarding Beartooth and its
management, as well as its financial statements, or (ii) pursuant to an
exemption from the registration requirements of the United States Securities Act
of 1933, as amended.


Cautionary Note Regarding Forward-Looking Information This press release
contains "forward-looking information" within the meaning of applicable Canadian
securities legislation. Forward-looking information includes, but is not limited
to, statements with respect to the future financial or operating performance of
Beartooth and Kria and its projects, statements regarding exploration prospects,
statements regarding synergies and financial impact of the proposed transaction,
the terms and conditions of the transaction, the benefits of the proposed
transaction, the identification of mineral reserves and resources, costs of and
capital for exploration projects, exploration expenditures, timing of future
exploration, requirements for additional capital, government regulation of
mining operations, environmental risks, reclamation expenses, title disputes or
claims, limitations of insurance coverage and the timing and possible outcome of
pending litigation and regulatory matters. Generally, forward-looking
information can be identified by the use of forward-looking terminology such as
"plans", "expects" or "does not expect", "is expected", "budget", "scheduled",
"estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or
"believes", or variations of such words and phrases or state that certain
actions, events or results "may", "could", "would", "might" or "will be taken",
"occur" or "be achieved". Forward-looking information is subject to known and
unknown risks, uncertainties and other factors that may cause the actual
results, level of activity, performance or achievements of the Company (and the
company resulting from the successful completion of the proposed transaction) to
be materially different from those expressed or implied by such forward-looking
information, including but not limited to: general business, economic,
competitive, political and social uncertainties; the actual results of current
exploration activities; delay or failure to receive board or regulatory
approvals; timing and availability of external financing on acceptable terms;
the business of Beartooth and Kria not being integrated successfully or such
integration proving more difficult, time consuming or costly than expected; not
realizing on the potential benefits of the proposed transaction; conclusions of
economic evaluations; changes in project parameters as plans continue to be
refined; future prices of mineral prices; failure of plant, equipment or
processes to operate as anticipated; accidents, labour disputes and other risks
of the mining industry; and, delays in obtaining governmental approvals or
required financing or in the completion of activities. 

Although the Company has attempted to identify important factors that could
cause actual results to differ materially from those contained in
forward-looking information, there may be other factors that cause results not
to be as anticipated, estimated or intended. There can be no assurance that such
information will prove to be accurate, as actual results and future events could
differ materially from those anticipated in such statements. Accordingly,
readers should not place undue reliance on forward-looking information. The
Company does not undertake to update any forward-looking information, except in
accordance with applicable securities laws.

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