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.

Neither the TSX Venture Exchange nor its regulatory services provider accepts responsibility for the adequacy or accuracy of this release.

Contacts: BEARTOOTH PLATINUM CORPORATION Michael D. Johnson President & CEO (775) 721-7966 Email: mdjohnsonassoc@aol.com Website: www.beartoothplatinum.com KRIA RESOURCES Mike Hoffman President and CEO (416) 861-2964 KRIA RESOURCES Heather Colpitts Manager, Investor and Public Relations (416) 861-5803 Email: info@kriaresources.com Website: www.kriaresources.com