MAMMOTH RESOURCES CORP. : http://www.mammothresources.ca/ : QwikReport

News Releases

#November 12, 2020
MAMMOTH RESOURCES MINES AND MONEY "5@5" PANEL DISCUSSION AVAILABLE ON REPLAY

 Toronto, Canada (November 12, 2020) - Mammoth Resources Corp. (TSX-V: MTH), (the "Company", or "Mammoth") is pleased to announce that for those who may not have been able to attend the live Mines and Money "5@5" panel discussion recorded live last Thursday November 5th, focused on gold and the US election results, including Mammoth President and CEO Thomas Atkins discussing Mammoth's Tenoriba gold-silver project located in the Sierra Madre precious metal belt is available on replay. Please click on the link: https://youtu.be/qdJTqSQy04M. Thomas Atkins speaks about Mammoth 40 minutes into the segment.

About Mammoth Resources:

Mammoth Resources (TSX-V: MTH) is a precious metal mineral exploration Company focused on acquiring and defining precious metal resources in Mexico and other attractive mining friendly jurisdictions in the Americas. The Company holds a 100% interest (subject to a 2% net smelter royalty purchasable anytime within two years from commencement of commercial production for US$1.5 million) in the 5,333hectare Tenoriba gold property located in the Sierra Madre Precious Metal Belt in southwestern Chihuahua State, Mexico. Mammoth is seeking other opportunities to option exploration projects in the Americas on properties it deems to host above average potential for economic concentrations of precious metals mineralization.

To find out more about Mammoth Resources and to sign up to receive future press releases, please visit the company's website at: www.mammothresources.ca., or contact Thomas Atkins, President and CEO at:416 509-4326.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward Looking Information: This news release may contain or refer to forward-looking information. All information other than statements of historical fact that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future are forward-looking statements; examples include the listing of its shares on a stock exchange and establishing mineral resources. These forward-looking statements are subject to a variety of risks and uncertainties beyond the Company's ability to control or predict that may cause actual events or results to differ materially from those discussed in such forward-looking statements. Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise. Although the Company believes that the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and, accordingly, undue reliance should not be placed on these forward-looking statements due to the inherent uncertainty therein.
 
#November 05, 2020
MAMMOTH SECURES EXTENSION TO SURFACE ACCESS AGREEMENT, PROVIDES UPDATE ON ACTIVITIES AT ITS TENORIBA GOLD PROPERTY, MEXICO

 Toronto, Canada (November 5, 2020) - Mammoth Resources Corp. (TSX-V: MTH), (the "Company", or "Mammoth") is pleased to announce that it has reached agreement to extend surface access for a two year period with one of the two communities (ejidos) which oversee surface access to its Tenoriba gold-silver project located in the Sierra Madre precious metal belt, southwestern Chihuahua State, Mexico. Mammoth is scheduled to meet with the administrative board and members of the second ejido in the next two weeks and remains confident that this ejido will also be supportive of a similar two year extension to surface access thereby enabling Mammoth to advance exploration activities on its Tenoriba property.

While advancing these surface access permits, and while Mammoth awaits approval of the drill permit for up to 139 drill sites submitted in August, the Company has been active in advancing a number of initiatives to position the Company and the Tenoriba project with enhanced confidence towards the financing and execution of a substantial drill program planned to commence in early 2021.

Please note that Mammoth President and CEO Thomas Atkins will be part of a speaker panel at this week's Mines and Money 5@5 focused on gold, commencing today, Thursday November 5th at 5:00 pm Eastern Standard time. The speaker panel will provide the latest gold mining updates, and discuss the impact of the US election on gold, commodities and mining in general. Please feel free to click on the following link: https://hubs.ly/H0z87VG0. to access this panel discussion. Please register in advance of the 5:00 pm start time.

Thomas Atkins, President and CEO of Mammoth commented on recent activities at Tenoriba, stating: "We're encouraged by the support and cooperation of the first of the two ejidos in their extending surface access at Tenoriba for the next two years. Mammoth is working closely with their neighbour ejido to arrive at a similar agreement. Meantime, Mammoth is advancing various initiatives that believe should give us the highest level of confidence in the opportunities at Tenoriba in preparation to advance a substantial diamond drill program planned to commence in early 2021. Mammoth, having reviewed the geological information generated from activities over the past 21 months, intends to enhance this review by incorporating an independent assessment of this same information by a highly experienced geological consultant and consulting firm with extensive experience in similar metallogenic systems as exists at Tenoriba. Mammoth believes this review combined with other activities it has underway has the potential to heighten the understanding of exploration opportunities at Tenoriba and thereby assist in raising capital, or advancing other opportunities to advance development at Tenoriba."

Activities currently underway at Tenoriba include:

1. Engaging the services of a PhD geologist with extensive experience in Low, Intermediate and High Sulphidation epithermal precious metal systems to review all historical data from the Tenoriba property, including that produced in the past 21 months, and to include time at the project reviewing surface geology and historic drill core. The objective of this review is to assist in the review of the geological prospectively at Tenoriba, including recommendations on future exploration opportunities and activities.

2. Mammoth is advancing the 3D interpretation of geophysical and topographic data currently available from its 2015 IP-Mag surface geophysical survey with the objective of enhancing the understanding of potential control features evidenced in this data which appear to control mineralization intersected in 2008 and 2017-18 diamond drilling. Past geophysical lines were run north-south and the goal of the 3D interpretation is that this may assist in identifying potential control structures which may exist at high angles to these geophysical lines and as a result may not be observable in the current 2D north-south interpretation of the data produced from this survey. Should this 3D interpretation assist in understanding these control features better, this same 3D interpretation will be employed on additional geophysical work planned at Tenoriba.

3. Mammoth is planning an additional up to 72-line kilometres of IP-Mag surface geophysics at Tenoriba. The 2015 geophysical survey covered approximately 50 percent of the 5 to 6 kilometre strike length of surface mineralization sampled at Tenoriba, including only 3 lines covering 200 metres of the El Moreno area. A 1.2 kilometre gap exists between these 3 El Moreno lines and the area surveyed in the central portion of the mineralized trend. It was below the El Moreno area where coarse gold nuggets were recently panned (refer to following link: http://www.mammothresources.ca/i/maps_figures/10.jpg). As part of this survey additional geophysical coverage is planned further east and west of the eastern and western most areas covered by the past survey where the trend of mineralization remains open.

Mammoth looks forward to providing additional information on its activities at Tenoriba in the coming weeks.

The Company has issued 100,000 stock options at the current market price to a third party contractor, activities of which are unrelated to any geological or evaluation activities.

About Mammoth Resources:

Mammoth Resources (TSX-V: MTH) is a precious metal mineral exploration Company focused on acquiring and defining precious metal resources in Mexico and other attractive mining friendly jurisdictions in the Americas. The Company holds a 100% interest (subject to a 2% net smelter royalty purchasable anytime within two years from commencement of commercial production for US$1.5 million) in the 5,333hectare Tenoriba gold property located in the Sierra Madre Precious Metal Belt in southwestern Chihuahua State, Mexico. Mammoth is seeking other opportunities to option exploration projects in the Americas on properties it deems to host above average potential for economic concentrations of precious metals mineralization.

To find out more about Mammoth Resources and to sign up to receive future press releases, please visit the company's website at: www.mammothresources.ca., or contact Thomas Atkins, President and CEO at:416 509-4326.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward Looking Information: This news release may contain or refer to forward-looking information. All information other than statements of historical fact that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future are forward-looking statements; examples include the listing of its shares on a stock exchange and establishing mineral resources. These forward-looking statements are subject to a variety of risks and uncertainties beyond the Company's ability to control or predict that may cause actual events or results to differ materially from those discussed in such forward-looking statements. Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise. Although the Company believes that the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and, accordingly, undue reliance should not be placed on these forward-looking statements due to the inherent uncertainty therein.
 
#October 19, 2020
MAMMOTH PROVIDES UPDATE ON ACTIVITIES AT ITS TENORIBA GOLD PROPERTY, MEXICO

 Toronto, Canada (October 19, 2020) - Mammoth Resources Corp. (TSX-V: MTH), (the "Company", or "Mammoth") is pleased to provide an update on its activities related to the transfer of operatorship and 100 percent ownership of the Tenoriba gold-silver project located in the Sierra Madre precious metal belt, southwestern Chihuahua State, Mexico. Following the notice given Mammoth by Minera Centerra S.A. de C.V., the Mexican subsidiary company of Centerra Gold Inc. (collectively "Centerra"), whereby Mammoth announced on September 22, 2020 that Centerra was ceasing exploration activities in Mexico, including at Tenoriba, Mammoth has been active transferring project information and surface access agreements to Mammoth. Activities since the date of the Centerra notice include: (1) travel to Mexico to attend a technical review of exploration activities and data produced by Centerra during its 21 months operating the option agreement and the transfer of this data to Mammoth; and (2) reintroduce ourselves to community members and assure voting members of influence within the ejido and executive/administrators that Mammoth was now managing agreements and activities at Tenoriba following Centerra's departure, that current agreements would be honoured going forward and require transferring to Mammoth. Mammoth also initiated discussions to extend these agreements for a two-year period thereby facilitating surface access for a significant future drill program.

Thomas Atkins, President and CEO of Mammoth commented on Centerra ceasing exploration activities in Mexico, stating: "Travelling back to the project area, myself and Richard Simpson, V.P. Exploration at Mammoth, received a warm welcome after being absent the region the past 20 months. It was terrific seeing friends and acquaintances and discussing plans and the importance of our working together going forward for our mutual benefits. I feel confident this message of cooperation was well understood and embraced and we look forward to returning again shortly as we act on some of our plans to advance Tenoriba to a significant drill program, most likely as soon as we're able in early 2021. We're in frequent contact with the contractor responsible for the drill permit application and have been told that permit approval is advancing well and we're putting into place other activities to have Mammoth in the best position possible to have a number of drill targets testing numerous areas over the five-kilometre strike length of mineralization at Tenoriba. As we continue to advance these activities, we'll make further announcements to ensure shareholders are apprised of these steps towards commencement of drilling."

Tenoriba Technical Review:

The owner of a diamond drilling company and a third-party geologist accompanied Mammoth V. P. Exploration, Richard Simpson to Centerra's Mexican office where a meeting was held to review Centerra's activities during its period working at Tenoriba. Thomas Atkins, President and CEO of Mammoth attended this meeting via conference link. A number of observations, recommendations and conclusions were presented and all Centerra data was transferred to Mammoth. Mammoth will over the next couple of weeks integrate Centerra's work-data with its own and from this integration and review Mammoth will make recommendations on any additional work which may be deemed appropriate prior to targeting drill locations and the commencement of drilling. The Company expects to announce the results of this review and its recommendations for any future work and timing of any such activities in the next couple of weeks.

Please refer to the "Projects" section, "Maps, Images and Photos" subsection of the Company website: http://www.mammothresources.ca/s/ProjectImages.asp, for some slides of Mammoth's trip into the project area, including some course gold samples panned from a location just below the El Moreno area at Tenoriba.

Community Consultations:

Following the technical meeting Simpson and the third-party geologist travelled to Chihuahua city where they met Atkins and the Tenoriba project community relations manager. All four participants travelled to the project area to meet with community members and assure these community members, ejido voting members of influence and executive/administrators of the ejidos that Mammoth was now managing agreements and activities at Tenoriba following Centerra's departure, that current agreements would be honoured going forward and require transferring to Mammoth. Mammoth also initiated discussions to extend these agreements for a two-year period. Mammoth met with members of both ejidos (community groups) and the district President. A warm welcome was received and discussions have led to meetings and dates being set in the near future for voting on the transfer and extension of surface access agreements, with the intention that extensions to surface access agreements will be in place before year end.

Please refer to the "Projects" section, "Maps, Images and Photos" subsection of the Company website: http://www.mammothresources.ca/s/ProjectImages.asp, for some slides of Mammoth's trip into the project area, including pictures of various meetings held with community members.

Mammoth looks forward to providing additional information on its activities at Tenoriba as it prepares the project for a significant drill program to commence as early as its able in 2021.

About Mammoth Resources:

Mammoth Resources (TSX-V: MTH) is a precious metal mineral exploration Company focused on acquiring and defining precious metal resources in Mexico and other attractive mining friendly jurisdictions in the Americas. The Company holds a 100% interest (subject to a 2% net smelter royalty purchasable anytime within two years from commencement of commercial production for US$1.5 million) in the 5,333hectare Tenoriba gold property located in the Sierra Madre Precious Metal Belt in southwestern Chihuahua State, Mexico. Mammoth is seeking other opportunities to option exploration projects in the Americas on properties it deems to host above average potential for economic concentrations of precious metals mineralization.

To find out more about Mammoth Resources and to sign up to receive future press releases, please visit the company's website at: www.mammothresources.ca., or contact Thomas Atkins, President and CEO at:416 509-4326.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward Looking Information: This news release may contain or refer to forward-looking information. All information other than statements of historical fact that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future are forward-looking statements; examples include the listing of its shares on a stock exchange and establishing mineral resources. These forward-looking statements are subject to a variety of risks and uncertainties beyond the Company's ability to control or predict that may cause actual events or results to differ materially from those discussed in such forward-looking statements. Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise. Although the Company believes that the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and, accordingly, undue reliance should not be placed on these forward-looking statements due to the inherent uncertainty therein.
 
#September 22, 2020
Mammoth Provides Update On Exploration Activities At Its Tenoriba Gold Property, Announces Partner Centerra Gold Ceasing Exploration Activities In Mexico

 

Toronto, Canada (September 22, 2020) - Mammoth Resources Corp. (TSX-V: MTH), (the “Company”, or “Mammoth”) announces that it has received notification from Minera Centerra S.A. de C.V., the subsidiary company of Centerra Gold Inc. (collectively “Centerra”), with which Mammoth signed an option agreement to explore Mammoth’s 100% owned Tenoriba gold-silver exploration project located in southwestern Chihuahua State, Mexico, that Centerra has made the decision to cease exploration activities in Mexico, including at Tenoriba. In a conference call wherein Mammoth was informed of Centerra’s decision to cease exploration activities, Centerra expressed their enthusiasm for drilling the Tenoriba project. Furthermore, in the notice letter to Mammoth advising of this decision Centerra noted that the decision to cease exploration was “no reflection upon any of the exploration properties it was involved in, including the Tenoriba property”. In mid-August Centerra filed an application for permission to drill up to 139 drill locations at Tenoriba and a response/approval of this permit application is expected within weeks. Under the terms of the Agreement between Mammoth and Centerra there will be a 60-day period from notice to termination of the Agreement.

Thomas Atkins, President and CEO of Mammoth commented on Centerra ceasing exploration activities in Mexico, stating: “Mammoth receiving notice that Centerra was ceasing its activities at Tenoriba came as quite a surprise, especially so close to when we believed they would receive approval of their drill permit application and after making numerous preparations to begin drilling, including having had two drill contractors prepare to bid on the program. Mammoth has reviewed more than 30 exploration properties over the past six months looking for an opportunity to option a property where it could advance its own exploration efforts. Now, in addition to Mammoth continuing this search, Tenoriba is returning to the Company as a large, previously drilled gold-silver exploration property that has undergone the scrutiny of a senior company review leading to preparations for the commencement of a significant drill program.”

Tenoriba Exploration Highlights:

  • Flagship gold-silver advanced stage exploration project in the prolific Sierra Madre precious metal producing region.
  • Large 15 square km - 5 km x 3 km footprint of ubiquitous gold-silver mineralization in what has all the characteristics of a High Sulphidation -- Porphyry precious metal system, remains open along strike.
  • Highest gold and silver values sampled graded 74 grams/tonne (g/t) gold and 62 g/t silver.
  • Various targets over 4 km of the mineralized trend tested by 26 diamond drill holes of which 18 drill holes host tens of metres (m) of potentially economical gold-silver mineralization; drill intersections assayed grading up to 45.9 g/t gold over 1.9 m with lower grades over longer intersection widths, including 2.3 g/t gold over 43.0 m and up to 0.5 g/t gold over 126.8 m.
  • Mineralization appears amenable to low-cost open pit mining and heap leaching processing.
  • Drill ready with permit for up to 139 drill holes covering a 2.25 km x 1.25 km area submitted for approval.
  • Centerra, during its 21 months optioning the project has spent almost C$1.2 million at Tenoriba, with total prior direct project exploration spending at Tenoriba exceeding C$4 million.

Recent Activities at Tenoriba:

Over the past six months in preparation for drilling, activities at Tenoriba included:

  • Extensive surface lithological and structural mapping and sampling (137 samples collected and analysed by Centerra in addition to the more than 650 samples collected and analyzed by Mammoth) and drill core mapping and sampling (including Terraspec alteration clay analysis) by Centerra geologists.
  • Reinterpretation of the geophysical data from the Mammoth 2015 IP-Mag geophysics survey.
  • Drill hole targeting, including the creation of numerous cross sections consolidating surface, drill core and geophysical information.
  • Submitted an application for a drill permit for up to 139 drill locations covering a 2.25 km x 1.25 km area of the property.
  • Two drill contractors were preparing bids on the Centerra drill program. 

Steps Forward for Mammoth:

Numerous options are currently under consideration in order to advance Tenoriba following Centerra’s notice and taking into account the project’s advanced stage of drill program readiness, these activities include:

  • Review with Centerra geologists their drill targeting assessment, including review of its reinterpretation of the geophysical data, structural and lithological mapping, surface and drill hole sample results and the sections produced from this work.
  • Consult with the two communities (ejidos) that oversee and had granted surface access at Tenoriba regarding continuation of surface access.
  • Potentially commission an independent third party with in-depth experience of High Sulphidation-Porphyry mineralogical systems similar to Tenoriba to review the geological data set and make recommendations for the next phase of exploration.
  • Explore optioning Tenoriba to another well capitalized mining/mineral exploration company.
  • Reach out to individual investors, resource investment funds and royalty companies to source the capital to enable Mammoth to advance its initial assessment of drill targets at Tenoriba, including those identified by Centerra, following up on potentially economic intersections from prior drilling at Tenoriba and/or targets recommended by the aforementioned experienced third party technical review and based on these targets determine the feasibility and source the funds required to advance drilling.
  • Merge Mammoth with another junior exploration company whereby the combination of companies creates enhanced exposure and attractiveness to raise the funds required to advance exploration at Tenoriba.

On the opportunities for Mammoth and Tenoriba, Thomas Atkins, President and CEO of Mammoth stated: “I’d be surprised if there are many exploration companies with a small $2 million market value which hold a 100 percent interest in a 5,000 hectare gold-silver exploration property where mineralization is sampled ubiquitously over a large 15 square kilometre area, has undergone two prior successful drill programs and a senior company review leading to the intention to drill over 100 drill targets, and is imminently drill ready. The more Mammoth explored Tenoriba the more excited we became of its potential and this potential attracted a large cap company which was prepared to spend up to C$13 million to earn a 70 percent interest. Mammoth is excited to again have 100 percent of Tenoriba and the numerous opportunities to advance the project’s future development.”

Mammoth intends to provide updates as it makes progress advancing various activities to move the Tenoriba project forward.

About Mammoth Resources:

Mammoth Resources (TSX-V: MTH) is a precious metal mineral exploration Company focused on acquiring and defining precious metal resources in Mexico and other attractive mining friendly jurisdictions in the Americas. The Company holds a 100% interest (subject to a 2% net smelter royalty purchasable anytime within two years from commencement of commercial production for US$1.5 million) in the 5,333 hectare Tenoriba gold property located in the Sierra Madre Precious Metal Belt in southwestern Chihuahua State, Mexico. Mammoth is seeking other opportunities to option exploration projects in the Americas on properties it deems to host above average potential for economic concentrations of precious metals mineralization. 

To find out more about Mammoth Resources and to sign up to receive future press releases, please visit the company's website at: www.mammothresources.ca., or contact Thomas Atkins, President and CEO at:416 509-4326.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
 
Forward Looking Information: This news release may contain or refer to forward-looking information. All information other than statements of historical fact that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future are forward-looking statements; examples include the listing of its shares on a stock exchange and establishing mineral resources. These forward-looking statements are subject to a variety of risks and uncertainties beyond the Company's ability to control or predict that may cause actual events or results to differ materially from those discussed in such forward-looking statements. Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise. Although the Company believes that the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and, accordingly, undue reliance should not be placed on these forward-looking statements due to the inherent uncertainty therein.

 
#July 16, 2020
MAMMOTH ANNOUNCES LIFTING OF MANAGEMENT CEASE TRADE ORDER AND ISSUANCE OF SHARES FOR DEBT AND INCENTIVE OPTIONS

 Toronto, Canada (July 16, 2020) - Mammoth Resources Corp. (TSX-V: MTH), (the "Company", or "Mammoth") would like to announce that following the filing yesterday of its audited year-end January 31, 2020 financial statements and MD&A, such delay in filing which occurred under the exemption granted on March 18, 2020 by Canadian securities regulatory authorities which provided coordinated relief consisting of a 45-day extension for certain periodic filings required to be made on or prior to June 1, 2020 as a result of the COVID-19 pandemic; Ontario Securities Commission Instrument 51-502 Temporary Exemption, that following this filing, the previous voluntary Management Cease Trade Order originally announced on May 29, 2020, has been lifted regarding the filing of these year-end audited statements. The Company has yet to file its first quarter 2020 financial statements and MD&A which were due on June 30, 2020. Mammoth is expecting to file these statements shortly. The Company is relying on the Instrument 51-502 Temporary Exemption in the filing of the first quarter statements.

Mammoth would also like to announce that the Company has applied to the TSX Venture Exchange (the "Exchange") to issue 2,503,000 common shares of the Company to settle a total of $87,605.00 in related party and third party debts. Common shares for this debt are being exchanged at the same $0.035 per common share price as the recently announced private placement which closed on June 16, 2020 with the issuance of 4,785,000 common shares for gross proceeds of $167,475. The shares for debt are being issued under the terms of the Exchange Bulletin dated April 8, 2020: Temporary Relief of $0.05 Minimum Pricing Requirement, wherein the Exchange provided notice it was undertaking measures in response to the COVID-19 pandemic, including temporary relief from certain minimum pricing requirements. Under the Temporary Relief Bulletin, the minimum deemed price at which debt may be converted into Listed Shares is revised from $0.05 to $0.01 in certain circumstances where the Market Price of an Issuer's Listed Shares is not greater than $0.05. Mammoth relied on this same Temporary Relief in the pricing of its recent private placement. Total Mammoth Common Shares outstanding following the issuance of the proposed shares for debt will total 39,874,788.

The Company would also like to announce the issuance of 1,047,500 common share stock options to directors and officers of the Company, exercisable at a price of $0.05 per common share and following the terms of the Company's Stock Option Plan. The Company last issued incentive stock options to directors and officers of the Company in early 2018.

Both the issuance of shares for debt and the issuance of options are subject to final Exchange approval.

About Mammoth Resources:

Mammoth Resources (TSX-V: MTH) is a precious metal mineral exploration company focused on acquiring and defining precious metal resources in Mexico and other attractive mining friendly jurisdictions in the Americas. The Company holds a 100% interest (subject to a 2% net smelter royalty purchasable anytime within two years from commencement of commercial production for US$1.5 million) in the 5,333 hectare Tenoriba gold property located in the Sierra Madre Precious Metal Belt in southwestern Chihuahua State, Mexico. The Tenoriba property is under option to Centerra Gold Inc. which can earn up to a 70% interest in Tenoriba upon spending a total of US$9.9 million (C$13.5 million) on exploration activities on Tenoriba and payments to Mammoth of US$900,000 (C$1.2 million) to be expended over a maximum seven-year period, expenditures which can be accelerated at Centerra's discretion. Mammoth is seeking other opportunities to option exploration projects in the Americas on properties it deems to host above average potential for economic concentrations of precious metals mineralization.
To find out more about Mammoth Resources and to sign up to receive future press releases, please visit the company's website at www.mammothresources.ca.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward Looking Information: This news release may contain or refer to forward-looking information. All information other than statements of historical fact that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future are forward-looking statements; examples include the listing of its shares on a stock exchange and establishing mineral resources. These forward-looking statements are subject to a variety of risks and uncertainties beyond the Company's ability to control or predict that may cause actual events or results to differ materially from those discussed in such forward-looking statements. Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise. Although the Company believes that the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and, accordingly, undue reliance should not be placed on these forward-looking statements due to the inherent uncertainty therein.
 

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