Mr. Dustin Henderson reports

BLACK MAMMOTH METALS PURCHASES AMERICA MINE

Black Mammoth Metals Corp. has completed the purchase of the America Mine gold property. The final payment of $500,000 (U.S.) has been paid and the company now owns America Mine 100 per cent with no royalties. The property consists of four patented claims and 45 claims on BLM (Bureau of Land Management) administered lands totalling approximately 258 hectares (640 acres) located in San Bernardino county in California:

• Open-pit heap leach opportunity on previously disturbed ground;
• Gold mineralization in shear zone between upper and lower plate;
• Exploration upside exists downdip and along strike in both directions;
• Year-round access with three-kilometre-long dirt road from Amboy Highway;
• Sufficient water available and power to site, three phases, 440 volts/1,200 amperes;
• San Bernardino is considered a mining-friendly county with over 50 active mines;
• Location is uninhabited and is not visible from highway;
• No known federally recognized rare, threatened or endangered plant or animal species.

A base case was estimated in U.S. dollars using a gold selling price of $400 per ounce (oz), pit slopes of 45 degrees, process costs of $3.75 per short ton, mining costs of 85 cents per short ton with a range of gold recoveries estimated. Historical reserves are located on the property's patented claims.

Black Mammoth is not considering the historical estimates as current mineral reserves due to insufficient work by a qualified person to classify them as such. The historical reserves were categorized by different criteria than those specified in sections 1.2 and 1.3 of National Instrument 43-101, based on modelled oxidation characteristics; however, other discrepancies are unknown to Black Mammoth. A qualified person has yet to determine the necessary procedures to upgrade or verify the historical reserves as current mineral reserves. The inability to verify the data stems from the historical reserves being estimated using outdated methodologies and standards, which differ from the contemporary regulations and practices outlined in NI 43-101. Furthermore, there is a lack of detailed documentation and verification processes from the original estimation period, making it difficult to ensure the historical data's accuracy and reliability under current standards. The company believes that the 1997 estimated historical gold resources and reserves are relevant for historical completeness and reliable for their purposes, as they were completed by a competent mining engineer according to the standards of that time.

About Black Mammoth Metals Corp.

Since January, 2024, Black Mammoth Metals has acquired a 100-per-cent interest in:

• Gallinas rare earth property, Lincoln county, New Mexico;
• Amador silver property, Lander county, Nevada;
• Big Bear copper property, Gila county, Arizona;
• Zulu gold property, Gila county, Arizona;
• Northern Star property, La Paz county, Arizona;
• Coal Canyon gold property, Pershing county, Nevada;
• Island Mountain gold district (including Coleman Canyon, St. Elmo and Diamond Jim (Ag (silver), Pb (lead), Zn (zinc), Sb (antimony))), Elko county, Nevada;
• Clover high-grade gold property, Elko county, Nevada;
• Leadore silver-lead-REE (rare earth element) property, Lemhi county, Idaho;
• East Reveille gold property, Nye county, Nevada;
• America Mine gold property, San Bernardino county, California;
• Quito gold property, Lander county, Nevada;
• South Ravenswood gold district (including the Raven and Happy Cat properties), Lander county, Nevada (Happy Cat was purchased prior to January, 2024.);
• Callaghan gold district (including the North Callaghan, Charlie, Cottonwood and Rast properties), Lander county, Nevada.

Black Mammoth also has a 100-per-cent interest in the Blanco Creek gold property in the Elk Creek mining district, central Idaho, which hosts three historical underground mines along 3,550 metres (11,644 feet) of strike on the northeast-trending regional Blanco shear zone.

Mark J. Abrams, CPG No. 11451, a qualified person as defined under National Instrument 43-101, Standards of Disclosure for Mineral Projects, and director of Black Mammoth, has reviewed and approved the technical content in this news release.

We seek Safe Harbor.