Mammoth Announces Upsizing to $980,000 it's Previously Announced Private Placement Financing.

(TheNewswire)

Toronto, Canada –TheNewswire - (July 17 2025) - Mammoth Resources Corp. (TSX-V: MTH),(the “Company”, or“Mammoth”) wouldlike to announce that due to additional demand, the Company hasrequested and received conditional approval from the TSX  to upsizeits previously announced non-brokered private placement of up to 30million units of the Company (the "Units") at an offeringprice of $0.025 per Unit, for gross proceeds of up to $750,000 (the"Private Placement") to up to 39 million Units, for grossproceeds of up to $980,000. The upsized Private Placement is at thesame terms as the previous announcement, wherein each Unit consists ofone common share of the Company (a "Common Share") andone-half common share purchase warrant (the "Warrant"). EachWarrant will entitle the holder thereof to acquire one Common Shareuntil eighteen months following closing of the private placement, atan exercise price of $0.05. The Company has set no minimum number ofUnits to be distributed and no minimum dollar amount required to beraised in connection with the Private Placement. The gross
proceeds of the Private Placement will be used to advance the
Company's Tenoriba precious metal project in Chihuahua State, Mexico,
to evaluate potential project acquisitions and support working capital
needs.  

The Private
Placement 

This Private Placement is available to
accredited investors. The pricing of this Private Placement was
granted under the Venture Exchange Discretionary Waiver Bulletin
(“Bulletin”). Under the conditions of the Bulletin, the pricing of
the Private Placement was set by the Company’s closing share price
of $0.025/share, the day prior to the original announcement. The
pricing of the Private Placement represents a small premium from the
10-day volume-weighted average share price during the previous 10
trading days of $0.022/share from the date of the original
announcement. Securities issued under this Private Placement will be
subject to a four-month hold period. In accordance with the
requirements of the Investment Dealer Exemption, the Company confirms
there is no material fact or material change related to the Company
which has not been disclosed. The Company has been granted conditional
approval for this Private Placement; however, closing of this Private
Placement is subject to receipt of all required regulatory and
Exchange approvals. The Company may pay a finder's fees on a portion
of the Private Placement in accordance with applicable securities laws
and the policies of the TSX Venture Exchange.

From the gross proceeds of the Private
Placement, approximately 60% are intended to be used to advance the
Company's Tenoriba precious metal project in Chihuahua State, Mexico
and to evaluate potential project acquisitions, with the remaining 40%
intended to support working capital needs.

Anyone interested in participating in
this financing are encouraged to contact Thomas Atkins, President and
CEO of Mammoth at:
tr_atkins@rogers.com or by telephone at: 416 509-4326.

About MammothResources:

Mammoth Resources (TSX-V: MTH) is aprecious metal mineral exploration Company focused on acquiring anddefining precious metal resources in Mexico and other attractivemining-friendly jurisdictions in the Americas. The Company holds a100% interest (subject to a 2% net smelter royalty purchasable anytimewithin two years from commencement of commercial production for US$1.5million) in the 5,333-hectare Tenoriba gold property located in theSierra Madre Precious Metal Belt in southwestern Chihuahua State,Mexico. Mammoth is seeking other opportunities to option explorationprojects in the Americas on properties it deems to host above-averagepotential for economic concentrations of precious metalsmineralization. 

To find out more about Mammoth Resources and to sign upto receive future press releases, please visit the company'swebsiteat: www.mammothresources.ca., orcontactThomas Atkins, President and CEO.

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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