Mammoth Resources Corp. provided an update on its exploration activities at its 100% owned Tenoriba gold-silver property located in the prolific Sierra Madre precious metal belt, Mexico, including geological mapping and sampling and preliminary results from its infill, Induced Polarization/Magnetometer (IP/Mag) geophysical survey designed to cover the 60% of the 6 kilometre (km) trend of mineralization not already covered by the Company's earlier 2013 IP/Mag geophysical survey. Mammoth is advancing detailed confirmation geological mapping and expanded sampling with an infill IP/Mag geophysical survey and 3 dimensional (3D) drill target modelling. This work follows up on activities performed by Centerra Gold during its 21 months on Mammoth's Tenoriba property (Centerra notified Mammoth it was ceasing its exploration activities in Mexico in September 2020, returning 100% of the Tenoriba property to Mammoth and based on the recommendations, following a review by PhD geologists Drs. Ressel and Christensen of MDA/RESPEC consulting. The PhD study included a review of all historical data from exploration activities at Tenoriba, including mapping and sampling over 3,000 surface soil and rock samples and 26 drill holes totaling almost 5,000 metres (m) sporadically testing mineralization along 4 km of the 6 km trend of known gold-silver mineralization and concluded that "Tenoriba is a high-quality early to mid-stage exploration project with potential to host an economic high-sulfidation epithermal deposit". Preliminary 3D modelling of the geophysical data (approximately 60% of the survey is now complete), includes a currently processed, initial 400 m interval, including one newly surveyed line 100 m east of all historical surveying and 3 resurveyed lines spaced 100 m apart, located west of the new line. The resurveyed lines were repeated to test refined survey techniques, suggested by Intelligent Exploration (IE) geophysicists to enhance the measurement of geophysical characteristics of the rocks in this area and if successful, throughout the rest of the approximate 6 km trend of mineralization. IE is a geophysical consultancy of highly experienced PhD and PGeo geophysicists employing the most modern geophysical techniques, with years of experience on a variety of deposit types to enhance the geophysical evaluation of mineral deposits.