Mammoth Announces Closing First Tranche $545,548 of its Previously Announced, Upsized $980,000 Private Placement

(TheNewswire)

Toronto, Canada – TheNewswire - July 23, 2025 - Mammoth Resources Corp.(TSX-V: MTH), (the “Company”, or “Mammoth”) is pleased to announced receipt of TSXVenture Exchange (the “Exchange”) approval for a first trancheclosing of 21,821,902 units, consisting of one common share andone-half common share purchase warrant (a “Unit”) for grossproceeds of $545,548 of its recently announced, upsized privateplacement of up to 39million Units, for gross proceeds of up to $980,000. The upsizedPrivate Placement is at the same terms as the previous announcement ofthe Company’s Private Placement, wherein each Unit offered at aprice of $0.025 per Unit, consists of one common share of the Company(a "Common Share") and one-half Common Share purchasewarrant (the "Warrant"). Each Warrant will entitle theholder thereof to acquire one Common Share until eighteen monthsfollowing closing of the Private Placement, at an exercise price of$0.05. The closing date of the first tranche of the Private Placementis July 23, 2025 .

About Mammoth Resources:

Mammoth Resources (TSX-V: MTH) is a precious metalmineral exploration Company focused on acquiring and defining preciousmetal resources in Mexico and other attractive mining friendlyjurisdictions in the Americas. The Company holds a 100% interest(subject to a 2% net smelter royalty purchasable anytime within twoyears from commencement of commercial production for US$1.5 million)in the 5,333 hectare Tenoriba gold property located in the SierraMadre Precious Metal Belt in southwestern Chihuahua State, Mexico.Mammoth is seeking other opportunities to option exploration projectsin the Americas on properties it deems to host above average potentialfor economic concentrations of precious metalsmineralization.

To find out more about Mammoth Resources and to sign upto 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 RegulationServices Provider (as that term is defined in the policies of the TSXVenture Exchange) accepts responsibility for the adequacy or accuracyof this release.

Forward Looking Information: This news release maycontain or refer to forward-looking information. All information otherthan statements of historical fact that address activities, events ordevelopments that the Company believes, expects or anticipates will ormay occur in the future are forward-looking statements; examplesinclude the listing of its shares on a stock exchange and establishingmineral resources. These forward-looking statements are subject to avariety of risks and uncertainties beyond the Company's ability tocontrol or predict that may cause actual events or results to differmaterially from those discussed in such forward-looking statements.Any forward-looking statement speaks only as of the date on which itis made and, except as may be required by applicable securities laws,the Company disclaims any intent or obligation to update anyforward-looking statement, whether as a result of new information,future events or results or otherwise. Although the Company believesthat the assumptions inherent in the forward-looking statements arereasonable, forward-looking statements are not guarantees of futureperformance and, accordingly, undue reliance should not be placed onthese forward-looking statements due to the inherent uncertaintytherein.

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