Mammoth Announces Annual and Special Meeting Results and Provides Update on Activities at its Tenoriba Gold-Silver Property, Mexico

(TheNewswire)

Toronto, Canada –TheNewswire - January20, 2026 -Mammoth Resources Corp. (TSX-V: MTH), (the “Company”,or “Mammoth”)is pleased to announce the results of voting from itsannual and special meeting of shareholders, which was held yesterdayvia Zoom conference facility (the “Meeting"). All matterssubmitted to shareholders for approval as set out in theCompany's Notice of Meeting and Information Circular, datedDecember 10, 2026, were approved by a majority of votes cast. Thematters to be voted upon in this meeting include the following.

Election of Six Directors- shareholders elected the following slate ofDirectors: Thomas Atkins, Paul O'Brien, Jose Antonio BerlangaBalderas, Edgardo Espinosa Velasco, Jose Antonio Berlanga Lopez, andRichard Simpson. 

Appointment of Auditors - appointment of Kreston GTA, Chartered Accountants asauditors of the Company for the ensuing year, with their remunerationto be fixed by the Board of Directors.

Confirmation of the Company StockOption Plan - shareholders approvedthe Company's rolling 10% stock option plan.

It should be noted that the Company has previously approved an AdvanceNotice Policy dealing with the nomination of Directors at an AnnualGeneral Meeting. A copy of the Company’s Advance Notice Policy wasattached to the Information Circular to this Meeting.

Update on Activities at the TenoribaGold-Silver Property and Other Corporate Initiatives

During the past months Mammoth’s geological team, inconsultation with various contractors, have advanced steps towards theplanning and permitting to facilitate both: (i) a resource definitiondrill program to confirm gold-silver mineral resource at theCompany’s 100% owned Tenoriba exploration project following thegreater than one million ounce gold equivalent Target for FurtherExploration as identified in prior in-house and independent studies(refer to press releases dated May 15, 2024 and November 21, 2024, onMammoth’s website at: www.mammothresources.ca, under the 2024“News” folder), together with: (ii) studies to confirm potentialgold-silver recoveries from a coarser fraction heap leachmetallurgical test and identify potential  draw-points from areas ofelevated grade, from which to source material for pilot, small-scalegold-silver production within the Carneritos area of the Tenoribaproperty (refer to press release dated February 27, 2025 onMammoth’s website at: www.mammothresources.ca, under the 2025“News” folder).

In addition to these activities at Tenoriba, theMammoth team, together with its strategic partner RM Mineria, areadvancing the acquisition of near to immediate-term, precious andprecious with base metal, operating mines. The team has had extensivediscussions and has advanced various stages of due diligence and hopesto advance these opportunities to a stage where an announcement can bemade identifying such opportunities in the near future.  

Thomas Atkins, President and CEO ofMammoth commented on the various activities being advanced by theCompany, stating: "Weacknowledge that several months have passed since our last pressrelease discussing project activities. I appreciate the patience andunderstanding of our shareholders during this time as we have beenbusy reestablishing the company to advance its Tenoriba projectfollowing an absence from the property during the past couple ofyears, while the equity capital markets proved difficult to raisecapital for mineral exploration. With gold and silver prices reachingnew highs in the past months and with our strategic alliance with RMMineria we feel confident we are better positioned to both advanceTenoriba and to seek and acquire other near-term to imminent preciousand precious with base metal operating mine opportunities in Mexico.We look forward to announcing advancements in these opportunities inthe future.”

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 opportunities to invest in additional explorationand development projects in the Americas on properties it deems tohost above-average for economic concentrations of precious metalsmineralization. Mammoth recently entered into a strategic alliancewith RM Mineria S de RL de CV of Mexico in pursuit of additionalproject development opportunities. 

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 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 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 abilityto control or predict that may cause actual events or results todiffer materially from those discussed in such forward-lookingstatements. Any forward-looking statement speaks only as of the dateon which it is made and, except as may be required by applicablesecurities laws, the Company disclaims any intent or obligation toupdate any forward-looking statement, whether as a result of newinformation, future events or results or otherwise. Although theCompany believes that the assumptions inherent in the forward-lookingstatements are reasonable, forward-looking statements are notguarantees of future performance and, accordingly, undue relianceshould not be placed on these forward-looking statements due to theinherent uncertainty therein.

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