Mammoth Resources Corp. provided an update on ongoing activities at its Tenoriba gold-silver exploration property in the Sierra Madre precious metal belt, Mexico. Only last week, the Company reported results from the final six drill holes of a 27-hole diamond drill program for a total of 3,244.25 metres (m) in 27 holes, bringing the total number of holes drilled on the property to 55 holes totaling 8,518.25 m testing five target zones, within three project areas; El Moreno, Masuparia and Carneritos, targets within these project areas which measure from hundreds of metres to over one kilometre (km) in strike length along a 4 km, east-west trend of gold-silver mineralization identified in 3-dimensional (3D) modelling incorporating data from over 3,000 soil, chip and channel samples, 26 prior diamond drill holes, geological and structural mapping, and the potential continuity at depth of surface mineralization as indicated by an Induced Polarization/Magnetometer (IP/Mag) geophysical survey.

Mammoth is now in the process of advancing additional studies based on the results of these 27 drill holes, including preliminary metallurgical testing utilizing material from holes drilled in the Carneritos area of the property and the assessment by a third party resource modelling expert on the recommended drill spacing enabling the calculation of a maiden mineral resource at Tenoriba and is in the process of drafting a technical report, to be posted on the Company website, describing findings, conclusions and recommendations for future work a result of these exploration activities. Having concluded the drilling and receiving all the results from core sampling, Mammoth is investigating the metallurgical characteristics, including bottle-roll tests of drill core sample material from oxide, transition, and sulfide zone intervals from the Carneritos area of the project. The objective of these bottle-roll tests is to determine the recovery of gold from these zones, under cyanide leach.

Prior bottle- roll tests were conducted on oxide and transition zone core sample material within the central Masuparia area with recoveries of gold in excess of 90% in less than 24 hours under cyanide leach. High gold recoveries from this testing bodes well for the recovery of gold from these zones under cyanide leach as would be utilized in a heap leach gold recovery mine. In addition to the bottle-roll tests, Mammoth has had its drill database assessed by a mineral resource modelling expert to determine the required drill spacing between holes in the three project areas, to define a maiden mineral resource at Tenoriba.

Mammoth is in the process of drafting a technical report summarizing all historical work performed at Tenoriba and details from the recent 27-hole drill program, including results from the bottle-roll test work of samples from the Carneritos area and the assessment of drill hole spacing required to identify a maiden mineral resource within each of the three project areas at Tenoriba. Once completed this report will be posted on Mammoth's website. Finally, the Company has begun to consult with representatives of the two communities (ejidos) upon which the Tenoriba mineral concessions exist with the objective of attaining an additional two-year surface access agreement.

Tenoriba is currently permitted for 320 drill sites within the 5,333 hectares comprising Mammoth's 100 percent owned Tenoriba concessions, of which only 27 drill sites have been commissioned. It is Mammoth's intention that upon completion of the bottle-roll tests, the determination of recommended drill hole spacing to enable defining a maiden mineral resource and upon having received an additional two-year surface access agreement, that Mammoth geologists will begin preparations, including detailed mapping to best locate drill locations and construct any drill pads required in preparation for the next phase of drilling which may enable the maiden mineral resource at Tenoriba. Mammoth looks forward to reporting on these activities in the weeks ahead.