BTP Kria Resources Ltd Com Npv

Beartooth Platinum Corporation (TSX VENTURE:BTP) ("Beartooth") and Kria
Resources Inc. ("Kria"), a private company, are pleased to announce the closing
of the previously-announced acquisition of all of the issued and outstanding
securities of Kria by way of a statutory plan of arrangement (the
"Acquisition").


As a result of the completion of the Acquisition, the common shares of Beartooth
have been consolidated on the basis of one new common share (a "New Kria Share")
for every twenty old Beartooth shares. The current issued and outstanding share
capital of Kria consists of 39,178,285 common shares. Accordingly, accounting
for the share consolidation, upon completion of the Arrangement there will be
approximately 47,312,364 New Kria Shares issued and outstanding.


Pursuant to the terms of an escrow agreement (the "Escrow Agreement") dated July
3, 2009 among the resulting issuer ("New Kria"), Equity Transfer & Trust Company
and certain escrow security holders, an aggregate of 5,341,638 New Kria shares
have been placed in escrow, whereby 5% of such shares will be released
immediately upon the issuance of the TSX Venture Exchange bulletin evidencing
final acceptance of the Acquisition (the "Bulletin") and the balance of such
shares shall be released in 5%, 10% and 15% intervals every 6 months thereafter,
with the remaining 40% of such shares to be released from escrow three years
from the date of the Bulletin. In addition, options to purchase an aggregate of
3,275,000 New Kria shares and 245,703 warrants to purchase an aggregate of
245,703 New Kria Shares held by certain principals of the resulting issuer are
subject to the terms of the Escrow Agreement, whereby 5% of such options were
released immediately upon the issuance of the Bulletin and the balance of such
options shall be released in 5%, 10% and 15% intervals every six months
thereafter, with the remaining 40% of such options to be released from escrow
three years from the date of the Bulletin.


Beartooth has filed articles of amendment changing its name to "Kria Resources
Ltd.", as approved by shareholders of Beartooth at an annual and special meeting
held on March 27th, 2009.


The Board of Directors of Kria Resources Ltd. now consists of Messrs. Mike
Hoffman, Stan Bharti, David Gower, Peter Harder and Bruce Humphrey. Upon closing
of the Acquisition, Kria Resources Ltd. entered into consulting agreements with
Mr. Hoffman, the President and Chief Executive Officer of Kria Resources Ltd.
(the "Hoffman Consulting Agreement") and Ms. Anna Ladd, the Chief Financial
Officer of Kria Resources Ltd. (the "Ladd Consulting Agreement"). Pursuant to
the terms of the Hoffman Consulting Agreement, in the event of a change of
control, Mr. Hoffman will be entitled to receive a lump sum payment in the
amount of $750,000 and shall be entitled to terminate the Hoffman Consulting
Agreement in the event that he is no longer engaged as the President and Chief
Executive Officer, or is required to relocate more than 50 kms from his current
work place, pursuant to a change of control. Pursuant to the terms of the Ladd
Consulting Agreement, in the event of a change in control, Ms. Ladd will be
entitled to receive a lump sum payment in the amount of $300,000 and shall be
entitled to receive an amount equal to all cash bonuses paid during the 24 month
period prior to the change in control. In addition, Ms. Ladd may terminate the
Ladd Consulting Agreement in the event that she is no longer engaged as the
Chief Financial Officer, or is required to re-locate more than 50 kms from her
current work place, pursuant to a change of control.


The stock symbol KIA has been reserved and it is expected that the New Kria
common shares will begin trading shortly on the TSX Venture Exchange under its
new name and trading symbol.


In connection with the completion of the Acquisition, Kria has entered into a
$600,000 secured debenture with Aberdeen International Inc. ("Aberdeen")
pursuant to which Kria has drawn-down $100,000 on closing, June 16, 2009 (the
"Debenture"). All principal amounts drawn down by Kria shall be due and payable
on December 31, 2010 and shall be subject to interest at a rate of 10.0% per
annum. The Debenture is secured against all of Kria's assets and shall rank
senior in priority to any and all other debts of Kria save for the security
interest held by Xstrata Canada Corporation. Upon draw-down of the initial
$100,000, Kria shall pay Aberdeen a facility fee in connection with the
Debenture in the amount of $25,000 as well as issue 50,000 share purchase
warrants to Aberdeen, with each share purchase warrant being exercisable for one
common share of Kria at a price which is equal to $0.40 at any time prior to
June 16, 2010. In the event that Kria draws-down the remaining $500,000, Kria
shall issue a further 200,000 warrants exercisable for one common share of Kria
at a price equal to not less than the closing market price of the common shares
of Kria as of the date prior to the date of issuance.


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. As disclosed in a press release dated June 15, 2009, Beartooth has
entered into a Letter of Intent with Nevoro Inc. regarding the proposed sale of
the Stillwater Complex. The sale remains subject to, among other things,
satisfactory due diligence and any required regulatory approvals.


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. An 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.


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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