Mr. Dustin Henderson reports

BLACK MAMMOTH METALS ANNOUNCES SHARES FOR DEBT AND OPTIONS GRANT

Black Mammoth Metals Corp. has arranged to settle outstanding debt owed to certain arm's-length and non-arm's-length creditors by issuing an aggregate of 1.24 million common shares at a deemed price of 12 cents per share. The amount of the indebtedness to be settled by this transaction totals $148,800. The common shares issued in connection with this debt settlement will be subject to a hold period of four months from the date of issuance.

The company has also granted incentive stock options to its independent directors and a consultant to purchase an aggregate of up to 297,000 common shares at a price of 12 cents per share for a five-year period, in accordance with its stock option plan. The options will vest 30 per cent after year 1, 30 per cent after year 2 and 40 per cent after year 3.

These transactions are subject to approval of the TSX Venture Exchange.

About Black Mammoth Metals Corp.

Aside from the recently proposed acquisition of IDA Mining, the company has completed a ground gravity survey that is now modeled and interpreted in conjunction with the recent UAV magnetic survey at its 100-per-cent-owned, 1,213-hectare (2,997 acres) Happy Cat gold property, in southern Ravenswood mining district, Lander county, Nevada.

We seek Safe Harbor.