MMMRF - Mammoth Secures Extension to Surface Access Agreement Provides Update on Activities at its Tenoriba Gold Property Mexico

(TheNewswire)

Toronto, Canada - TheNewswire - November 5, 2020 - Mammoth Resources Corp.(TSXV:MTH), (OTC:MMMRF), (the"Company", or "Mammoth") ispleased to announce that it has reached agreement to extendsurface access for a two year period with one of the two communities(ejidos) which oversee surface access to its Tenoriba gold-silverproject located in the Sierra Madre precious metal belt, southwesternChihuahua State, Mexico. Mammoth is scheduled to meet with theadministrative board and members of the second ejido in the next twoweeks and remains confident that this ejido will also be supportive ofa similar two year extension to surface access thereby enablingMammoth to advance exploration activities on its Tenoriba property.

While advancing these surface access permits, and while Mammoth awaitsapproval of the drill permit for up to 139 drill sites submitted inAugust, the Company has been active in advancing a number ofinitiatives to position the Company and the Tenoriba project withenhanced confidence towards the financing and execution of asubstantial drill program planned to commence in early 2021.

Please note that Mammoth President and CEO Thomas Atkins will be partof a speaker panel at this week's Mines and Money5@5 focused on gold,commencing today, Thursday November 5 th at 5:00 pm Eastern Standardtime . The speaker panel will provide the latestgold mining updates, and discuss the impact of the US election ongold, commodities and mining in general. P lease feel free toclick on the following link: https://hubs.ly/H0z87VG0 to access thispanel discussion. Please register inadvance of the 5:00 pm start time.

Thomas Atkins, President and CEO ofMammoth commented on recent activities at Tenoriba, stating: "We're encouraged by thesupport and cooperation of the first of the two ejidos in theirextending surface access at Tenoriba for the next two years. Mammothis working closely with their neighbour ejido to arrive at a similaragreement. Meantime, Mammoth is advancing various initiatives thatbelieve should give us the highest level of confidence in theopportunities at Tenoriba in preparation to advance a substantialdiamond drill program planned to commence in early 2021. Mammoth,having reviewed the geological information generated from activitiesover the past 21 months, intends to enhance this review byincorporating an independent assessment of this same information by ahighly experienced geological consultant and consulting firm withextensive experience in similar metallogenic systems as exists atTenoriba. Mammoth believes this review combined with other activitiesit has underway has the potential to heighten the understanding ofexploration opportunities at Tenoriba and thereby assist in raisingcapital, or advancing other opportunities to advance development atTenoriba."

Activities currently underway atTenoriba include:

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

1. 2. Mammoth is advancing the 3D interpretation ofgeophysical and topographic data currently available from its 2015IP-Mag surface geophysical survey with the objective of enhancing theunderstanding of potential control features evidenced in this datawhich appear to control mineralization intersected in 2008 and 2017-18diamond drilling. Past geophysical lines were run north-south and thegoal of the 3D interpretation is that this may assist in identifyingpotential control structures which may exist at high angles to thesegeophysical lines and as a result may not be observable in the current2D north-south interpretation of the data produced from this survey.Should this 3D interpretation assist in understanding these controlfeatures better, this same 3D interpretation will be employed onadditional geophysical work planned at Tenoriba.

1. 3. Mammoth is planning an additional up to72-line kilometres of IP-Mag surface geophysics at Tenoriba. The 2015geophysical survey covered approximately 50 percent of the 5 to 6kilometre strike length of surface mineralization sampled at Tenoriba,including only 3 lines covering 200 metres of the El Moreno area. A1.2 kilometre gap exists between these 3 El Moreno lines and the areasurveyed in the central portion of the mineralized trend. It was belowthe 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 plannedfurther east and west of the eastern and western most areas covered bythe past survey where the trend of mineralization remains open.

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

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

About Mammoth Resources:

Mammoth Resources (TSX-V: MTH) is a precious metal mineral explorationCompany focused on acquiring and defining precious metal resources inMexico and other attractive mining friendly jurisdictions in theAmericas. The Company holds a 100% interest (subject to a 2% netsmelter royalty purchasable anytime within two years from commencementof commercial production for US$1.5 million) in the 5,333hectareTenoriba gold property located in the Sierra Madre Precious Metal Beltin southwestern Chihuahua State, Mexico. Mammoth is seeking otheropportunities to option exploration projects in the Americas onproperties it deems to host above average potential for economicconcentrations of precious metals mineralization.

To find out more about Mammoth Resources and to sign up to receivefuture press releases, please visit the company's website at: www.mammothresources.ca ., or contact Thomas Atkins, President andCEO 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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