Bitterroot Resources Ltd. — Capital/Financing Update 2022

Apr 29, 2022

FORM 51-102F3

MATERIAL CHANGE REPORT

ITEM 1 NAME AND ADDRESS OF COMPANY

BITTERROOT RESOURCES LTD.

206-B – 1571 Bellevue Avenue West Vancouver, British Columbia V7V 1A6 Tel: (604) 922-1351 Fax: (604) 922-8049

ITEM 2 DATE OF MATERIAL CHANGE

April 22, 2022

ITEM 3 NEWS RELEASE

April 22, 2022 disseminated through Market News Publishing Inc. (www.baystreet.com) and Stockwatch.

ITEM 4 SUMMARY OF MATERIAL CHANGE

Bitterroot announces grant of incentive stock options.

ITEM 5 FULL DESCRIPTION OF MATERIAL CHANGE

See attached News Release ITEM 6 RELIANCE ON SUBSECTION 7.1(2) OR (3) OF NATIONAL INSTRUMENT 51-102

N/A

ITEM 7 OMITTED INFORMATION

N/A

ITEM 8 EXECUTIVE OFFICER

Michael S. Carr – President and Director, Telephone: (604) 922-1351

ITEM 9 DATE OF REPORT

April 29, 2022

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BITTERROOT RESOURCES LTD.

Suite 206-B, 1571 Bellevue Avenue, West Vancouver, BC, V7V 1A6 tel 604 922 1351 www.bitterrootresources.com

NEWS RELEASE

April 22, 2022

BITTERROOT RESOURCES - OPTIONS GRANTED

Under the terms of its Stock Option Plan, Bitterroot Resources Ltd. has granted, effective April 22, 2022, incentive stock options to acquire 1,250,000 common shares at $0.10 per share, expiring April 21, 2027.

ON BEHALF OF THE BOARD OF DIRECTORS

Michael S. Carr Director

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 forwardlooking 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 forwardlooking 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.

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