Mr. Nelson Baker reports

MINERAL MOUNTAIN ANNOUNCES APPOINTMENT OF CFO

Tom Wilson has joined Mineral Mountain Resources Ltd. as chief financial officer. Mr. Wilson, an experienced CFO in the resource industry, replaces Maribel Jordan, who has resigned from her role with the company for personal reasons.

Mr. Wilson is a chartered public accountant (CPA) with over 43 years of senior financial experience in areas of financial planning and management, including corporate governance, government and securities compliance, for both public and private companies. Within the junior mining sector, he has been the CFO for numerous private and public companies. Mr. Wilson is a graduate of PwC Canada.

Nelson Baker, president and chief executive officer of Mineral Mountain, said: "On behalf of the members of the board, I am delighted to welcome Tom to our team. We look forward to his participation and how we can benefit from his extensive background in financial management as we advance Mineral Mountain.

"I would also like to acknowledge and thank Maribel Jordan for her contributions to the company as CFO over the past years and wish her all the best in his future endeavours," said Mr. Baker.

About the Standby mine gold target

All geologic, geophysical and drill results to date suggest a Homestake Mining Co. ledge-type target exists at Standby and is potentially of large scale. Mineral Mountain's goal is to extend the Standby mine gold mineralization down plunge through systematic stepout drilling along strike and down plunge in the Upper Tail to discover an ore centroid at depth.

Approximately 50,000 to 60,000 tons of ore were mined historically from the Standby mine before 1950, mostly from oxidized ores in four large open cuts connected by underground workings to a maximum depth of 130 metres. Historic outcrop surface sampling from the walls and rim of the open cuts averaged 9.1 metres of 10 grams per tonne gold with grab samples of up to 38 g/t Au. A shaft was sunk to the 130-metre (425-foot) level, and underground channel sampling assayed 10.1 m of 6.0 g/t Au. Historical drilling at the Standby mine consists of 16,360 m (53,677 feet) across 45 core holes, all in the Upper Tail. Mineral Mountain's two previous core drilling campaigns between 2018 and 2020 extended known gold mineralization from the bottom of the historic Standby mine workings from 130 metres below surface to a total plunge length of 850 metres.

Mineral Mountain's proposed drilling program in the Rochford district will focus on the Standby mine target and is fully permitted for drilling, subject to this proposed financing and COVID-19 restrictions. The 9,000-metre drilling program as currently constituted will be focused on three target areas in general: (1) Several additional holes around hole ST18-006, which cut 43.5 m of 1.21 g/t Au, including several higher-grade internal zones such as 2.5 m of 4.39 g/t Au and 1.50 m of 5.24 g/t Au. This hole was near historic drill hole BLG-UG-03 that cut 25.91 m of 3.19 g/t Au, including 10.67 m of 5.14 g/t Au. These intercepts were 100 to 150 m below surface and represent the opportunity to outline a near-surface high-grade ore shoot in the Upper Tail environment.

A series of proposed holes will intersect the same-depth interval cut by historic Homestake drilling in the SM-86 and SM-87 holes, thought to be the upper parts of the Standby ore centroid. These historic holes represent a significant step-off along strike and down plunge from the Standby mine and the deepest historic exploration work performed at the Standby target trend (1,000 and 1,800 m down plunge from surface, respectively). These results were highly encouraging, including 3.05 m of 10.23 g/t Au. These two holes potentially intersected the crucial Upper Tail ore centroid transition and need to be replicated by Mineral Mountain and further tested with systematic stepout drilling to confirm internally consistent high-grade gold is present.

Jeff Hrncir, the company's chief geologist, commented, "Confirming the existence of an ore centroid at Standby would be a game-changing discovery for Mineral Mountain Resources and set the stage for future resource delineation drilling."

We seek Safe Harbor.