Mr. Dustin Henderson reports

BLACK MAMMOTH METALS PROVIDES CORPORATE UPDATE AND OUTLINES ITS EXPLORATION STRATEGY, PROPERTY PORTFOLIO AND CLAIMS POSITION

Black Mammoth Metals Corp. has provided shareholders with a corporate update outlining the company's exploration and capital allocation strategy, together with an overview of its mineral property portfolio and claim position in the western United States.

Corporate strategy and business model

Black Mammoth is an exploration-stage mineral company focused on building a broad, high-quality portfolio of mineral properties with upside potential across established mining jurisdictions in the western United States. Its strategy is straightforward: identify prospective projects, apply careful technical and geological review, and advance the most compelling opportunities in a disciplined and capital-efficient manner.

The company acquires mineral properties through staking, direct purchase or option agreements with third party vendors. Once a property is acquired or staked, its team reviews historical work, public data and previous exploration results to understand the geological setting and potential. Where that initial review is encouraging, Black Mammoth may carry out early-stage work such as geological mapping, sampling, and geophysical surveys, including induced polarization, gravity and magnetic surveys, to further assess the opportunity.

As results come in, management evaluates where additional time, capital and technical effort can create the most value. Properties that continue to demonstrate strong technical merit may be advanced through additional exploration programs while others are held at an early stage pending improved market conditions, new data or strategic consolidation. This measured, step-by-step approach seeks to allow the company to manage exploration risk, maintain flexibility and focus resources where they matter most.

Property classification

Given the size and breadth of its portfolio, Black Mammoth organizes its mineral interests based on their current relevance to the business. Properties that are central to the company's exploration focus and strategy are classified as core properties while earlier-stage holdings that are not currently a focus of active investment are classified as non-core properties.

As of the date of this release, Black Mammoth holds a 100-per-cent interest in 25 exploration-stage mineral properties that the company currently considers material to its business, along with an additional 20 early-stage mineral interests that are considered non-material at this time.

Non-core properties are generally maintained on a holding basis and are selectively revisited, as new geological data, technical results or strategic opportunities emerge, if further exploration is deemed warranted. Where results or circumstances support further advancement, these properties may be reclassified as core properties and prioritized within the exploration portfolio.

This structure allows Black Mammoth to pursue a wide range of opportunities while remaining focused and disciplined in how capital and technical resources are deployed. As a result, the company has assembled a diversified exploration portfolio spanning multiple commodities and jurisdictions, supported by a consistent, technically driven approach to project evaluation and advancement.

Property portfolio overview

The company's property portfolio is principally focused on Nevada, and also located in Arizona, Idaho, Utah, California, New Mexico and Oregon. The primary commodities targeted across the company's portfolio include gold, silver, copper, lead and rare earth elements.

Currently, Black Mammoth's claim position consists of approximately 2,700 unpatented lode mining claims located on lands administered by the U.S. Bureau of Land Management and the U.S. Forest Service, together with six patented mining claims and one U.S. state mining lease.

The company's total claim position covers approximately 20,257 hectares, or approximately 55,000 acres.

Core properties

For reference purposes only, the company's current core properties include the following exploration projects. Inclusion in this list does not imply development status, economic viability or future advancement beyond the company's stated exploration strategy.

As Black Mammoth continues to expand its footprint, the company regularly reviews new early-stage mineral opportunities through staking and targeted acquisitions. These opportunities are evaluated with the same disciplined, technical approach that underpins the company's broader strategy, and are advanced as warranted based on results and strategic fit.

This update reflects how Black Mammoth builds, evaluates and advances its exploration portfolio. As projects progress, future technical updates, exploration results and financing announcements will align with the strategy and approach described above.

Qualified person

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

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