File: Attachment news2026-09 FINAL.pdf

BITTERROOT RESOURCES LTD.

PO Box 91878, West Vancouver, BC, V7V 4S4

tel 604 922 1351 www.bitterrootresources.com

NEWS RELEASE

November 2, 2026

BITTERROOT RESOURCES LTD. CLOSES FINAL TRANCHE OF PRIVATE PLACEMENT

Bitterroot Resources Ltd. (symbol BTT, TSX-V) has closed the final tranche of a non-brokered private placement. The Company has placed a total of 17,687,883 units priced at C$0.12, consisting of one common share and one-half common share purchase warrant exercisable at C$0.20, expiring October 8, 2028 and October 30, 2028. Gross proceeds of the placement are C$2,122,545.

The proceeds of the private placement will be used to fund Bitterroot's share of costs incurred for drilling approximately 10,000 metres in 15-20 holes, plus associated exploration costs, at the 51%- owned LM Nickel-Copper Project in the Upper Peninsula of Michigan and for general working capital. Bitterroot's Michigan subsidiary Trans Superior Resources, Inc. (Trans Superior) is the LM Project operator, with the remaining 49% held and funded by Michigan-based, privately held, Below Exploration Inc.

Additionally, Trans Superior has entered into an agreement with the U.S. Department of War (DoW) whereby the DoW will provide up to US$5,223,431 in Defense Production Act (DPA) Title III funding to Trans Superior. The DoW investment will reimburse 50% of approved exploration and associated costs incurred by the joint venture on the LM Project. The DPA Title III funding is non-dilutive.

Upon 15 days-notice, Bitterroot Resources has the right to accelerate the warrant expiry dates if the 20-day volume weighted average trading price of the common shares on any public stock exchange exceeds C$0.40 per share.

Finders' fees consisting of C$65,316 plus 544,000 broker warrants priced at C$0.20 and expiring October 8, 2028 (first tranche) and October 30, 2028 (second tranche) were paid in connection with the private placement.

Any common shares issued pursuant to this placement or the exercise of associated warrants will be subject to a four-month hold period expiring February 9, 2027 (first tranche) and March 1, 2027 (second tranche).

Details of the LM Nickel-Copper Project are available on www.bitterrootresources.com. This news release does not constitute an offer or solicitation to sell any of these securities in the United States. The securities will not be registered under the United States Securities Act of 1933, as amended ("the US Securities Act"), or under any State securities laws. The securities may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S Securities Act and applicable State securities laws, unless an exemption from such registration is available.

ON BEHALF OF THE BOARD OF DIRECTORS

Michael S. Carr CEO and Director

Contact: tel. 604 922 1351, email infoman@bitterrootresources.com

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: Certain statements contained in this press release may constitute forward- looking statements under Canadian securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "expects" or "it is expected", or variations of such words and phrases or statements that certain actions, events or results "will" occur. 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 events may differ materially from those projected in the forward-looking statements. When relying on forward- looking statements to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and should not place undue reliance on such forward-looking statements. The Company does not undertake to update any forward-looking statements, except as may be required by applicable securities laws. For such forward-looking statements, we claim the safe harbour for forward-looking statements within the meaning of the Private Securities Legislation Reform Act of 1995.

File: '\\swfile\EmailIn\20261102 104651 Attachment news2026-09 FINAL.docx'

BITTERROOT RESOURCES LTD.

PO Box 91878,

West Vancouver, BC, V7V 4S4

tel 604 922 1351

www.bitterrootresources.com

NEWS RELEASE

November 2, 2026

BITTERROOT RESOURCES LTD. CLOSES FINAL TRANCHE

OF PRIVATE PLACEMENT

Bitterroot Resources Ltd. (symbol BTT, TSX-V) has closed the final tranche of a non-brokered private placement. The Company has placed a total of 17,687,883 units priced at C$0.12, consisting of one common share and one-half common share purchase warrant exercisable at C$0.20, expiring October 8, 2028 and October 30, 2028. Gross proceeds of the placement are C$2,122,545.

The proceeds of the private placement will be used to fund Bitterroot's share of costs incurred for drilling approximately 10,000 metres in 15-20 holes, plus associated exploration costs, at the 51%-owned LM Nickel-Copper Project in the Upper Peninsula of Michigan and for general working capital. Bitterroot's Michigan subsidiary Trans Superior Resources, Inc. (Trans Superior) is the LM Project operator, with the remaining 49% held and funded by Michigan-based, privately held, Below Exploration Inc.

Additionally, Trans Superior has entered into an agreement with the U.S. Department of War (DoW) whereby the DoW will provide up to US$5,223,431 in Defense Production Act (DPA) Title III funding to Trans Superior. The DoW investment will reimburse 50% of approved exploration and associated costs incurred by the joint venture on the LM Project. The DPA Title III funding is non-dilutive.

Upon 15 days-notice, Bitterroot Resources has the right to accelerate the warrant expiry dates if the 20-day volume weighted average trading price of the common shares on any public stock exchange exceeds C$0.40 per share.

Finders' fees consisting of C$65,316 plus 544,000 broker warrants priced at C$0.20 and expiring October 8, 2028 (first tranche) and October 30, 2028 (second tranche) were paid in connection with the private placement.

Any common shares issued pursuant to this placement or the exercise of associated warrants will be subject to a four-month hold period expiring February 9, 2027 (first tranche) and March 1, 2027 (second tranche).

Details of the LM Nickel-Copper Project are available on www.bitterrootresources.com.

This news release does not constitute an offer or solicitation to sell any of these securities in the United States. The securities will not be registered under the United States Securities Act of 1933, as amended ("the US Securities Act"), or under any State securities laws. The securities may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S Securities Act and applicable State securities laws, unless an exemption from such registration is available.

ON BEHALF OF THE BOARD OF DIRECTORS

Michael S. Carr

CEO and Director

Contact: tel. 604 922 1351, email infoman@bitterrootresources.com

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: Certain statements contained in this press release may constitute forward-looking statements under Canadian securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "expects" or "it is expected", or variations of such words and phrases or statements that certain actions, events or results "will" occur. 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 events may differ materially from those projected in the forward-looking statements. When relying on forward-looking statements to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and should not place undue reliance on such forward-looking statements. The Company does not undertake to update any forward-looking statements, except as may be required by applicable securities laws. For such forward-looking statements, we claim the safe harbour for forward-looking statements within the meaning of the Private Securities Legislation Reform Act of 1995.