Mr. Dustin Henderson reports

BLACK MAMMOTH METALS ARRANGES $100,000 PRIVATE PLACEMENT

Black Mammoth Metals Corp. intends to raise gross proceeds of up to $100,000 by way of a private placement of up to one million units of the company at a price of 10 cents per unit. Each unit consists of one common share of the company and one common share purchase warrant, with each warrant exercisable into one common share of the company for a period of four years from the issue date at an exercise price of 15 cents. The units will be subject to a four-month hold period from the date of closing. A finder's fee may be payable in accordance with the policies of the TSX Venture Exchange.

The company intends on using the proceeds of the offering for its Blanco Creek gold property located in Idaho and its Happy Cat gold property in Nevada and for general working capital. The offering is subject to the approval of the TSX-V.

About Black Mammoth Metals Corp.

Black Mammoth has 14,876,871 shares issued and outstanding and 19,771,871 shares fully diluted.

The company has completed a ground gravity survey that is now modelled and interpreted in conjunction with the recent UAV magnetic survey at its 100-per-cent-owned, 1,213-hectare (2,997-acre) Happy Cat gold property in southern Ravenswood mining district, Lander county, Nevada.

An approximately four-square-kilometre area is identified as a potential alteration zone where hydrothermal fluids may be present. The structural modelling suggests that the density of the alteration and its density contrast relative to the host rock are typical to those of alteration zones present at other Carlin-type deposits in northern Nevada. The alteration encompasses an area where northerly trending high-angle faults intersect indicated northwest-trending reactivated faults that are known to be of age and orientation as ore-controlling faults occurring at other Carlin-type deposits. The company intends to prioritize drill targets within the alteration.

Black Mammoth also has a 100-per-cent interest, subject to underlying royalties, in the Blanco Creek gold property in the Elk Creek mining district, central Idaho, which hosts three historic underground mines along 3,550 metres (11,644 feet) of strike on the northeast-trending regional Blanco shear zone. Exploration by two previous operators identified a geological target for the Blanco Creek property in the order of 1.7 million to 2.48 million tons, grading 0.20 to 0.33 ounce per ton gold (1.54 million to 2.24 million tonnes grading 6.85 to 11.31 grams per tonne gold). See the company's press release dated Feb. 14, 2017.

Black Mammoth cautions investors to note the potential quantity and grade of the geological target are conceptual in nature. A qualified person has not completed sufficient work to classify the geological target as mineral resources as defined by National Instrument 43-101, and it is uncertain if future exploration will result in the target being delineated as mineral resources.

Mark J. Abrams, CPG No. 11451, non-independent qualified person as defined by NI 43-101, and director of Black Mammoth, has approved the technical information contained in this news release.

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