Mr. Thomas Atkins reports

MAMMOTH ANNOUNCES STRATEGIC ALLIANCE AND $750,000 PRIVATE PLACEMENT FINANCING

Mammoth Resources Corp. has entered into a strategic alliance with RM Minerias de RL de CV (RM).

Mammoth would also like to announce a non-brokered private placement of up to 30 million units of the company at an offering price of 2.5 cents per unit, for gross proceeds of up to $750,000. Each unit consists of one common share of the company and one-half common share purchase warrant. Each warrant will entitle the holder thereof to acquire one common share until 18 months following closing of the private placement, at an exercise price of five cents. The company has set no minimum number of units to be distributed and no minimum dollar amount required to be raised in connection with the private placement.

The gross proceeds of the private placement will be used to advance the company's Tenoriba precious metal project in Chihuahua state, Mexico, evaluate potential project acquisitions and support working capital needs.

Thomas Atkins, president and chief executive officer of Mammoth, commented on the strategic alliance, stating: "Mammoth has been discussing working together with the principals of RM Minerias for some time. We see significant strength in combining Mammoth's own efforts in Mexico with a group of experienced, Mexican mine builders on projects in Mexico. Through this alliance, Mammoth shareholders gain additional leverage from Minerias' experience in the future development of Mammoth's 100-per-cent-owned Tenoriba gold-silver project in Mexico, while also gaining exposure to participate in additional, near-term, Mexican, mineral producing opportunities thereby gaining a degree of independence from cyclical equity markets in assuring the financing of future corporate and project developments."

Jose Antonio Berlanga Balderas, president and chief executive officer of RM Mineria, reiterated these thoughts, stating: "RM Minerias is comprised of an experienced group of mining and metallurgical professionals with an abundance of success developing and restarting mineral extraction and processing facilities throughout Mexico. Our conversations with Thomas and the Mammoth team over the past months, our interest in the potential at Tenoriba, combined with additional project development opportunities in Mexico, all combine to create a strong platform for future Mexican project development opportunities."

The strategic alliance

Mammoth personnel have been in discussions with the principals of RM for several months, building the company's relationship and combined vision for the future. Mammoth sees a very attractive union of initiatives from the strategic alliance with RM, including direct Mexican mineral project development experience and success that has the potential to enhance the future development of Tenoriba while also offering Mammoth's shareholders to future mineral production opportunities at a time when commodity prices are on the rise and yet, where North American capital markets, for early stage projects, continue to be challenging.

One of the two principals of RM includes Jose Antonio Berlanga Balderas, CEO of RM, a private Mexican company formed by a group of mining and metallurgical specialists. Mr. Berlanga Balderas is a professional mining and metallurgical Engineer with more than 45 years experience identifying, developing, operating and optimizing mineral extraction opportunities in the Mexican mining sector, including: providing services to Minera Autlan and Servicios Industriales Penoles. Mr. Berlanga Balderas experience includes: as general director Minas Nuevas, operating one of the first heap leaching operations in Mexico; as founder of Minera Mexico Michoacan, developing the El Oro project; as technical deputy director of the Mining Development Trust (a Mexican state-owned company that offers financing and technical assistance to mining companies); and as development manager, Internacional de Metales Precios, one of the main gold and silver trading companies in Mexico.

Mr. Berlanga Balderas has participated in the Canadian junior mining industry, bringing significant experience to the companies in which he has participated resulting in significant value creation, including: Aurcana Corp.'s La Negra mine, Cayden Resources' El Barqueno and Morelos Sur projects, Skeena Resources' Malpica project, Cortez Goldcorp's Altiplano operation, and Telson Mining's (now Luca Mining) Tahuehueto and Campo Morado mine and facilities.

Mr. Berlanga Balderas has been president of the Colegio de Ingenieros de Minas y Metalurgistas y Geologos de Mexico (CIMMGM), has been district president and member of the National Board of Directors in the Asociacion de Ingenieros de Minas, Metalurgistas y Geologos de Mexico (AIMMGM), and is a member of the Prospectors and Developers Association of Canada (PDAC) and the American Institute of Mining Engineers (AIME).

Mr. Berlanga Balderas is supported by Jose Antonio Berlanga Lopez, president of RM, a professional mining and metallurgical engineer with more than 20 years experience in Mexico. He is a graduate from the Universidad Nacional Autonoma de Mexico (UNAM) and has a strong background investigating mining opportunities, start-up companies, business strategy and mineral concentrate trading in Mexico, and has worked for several companies, such as Minera La Negra, Altiplano Gold Silver, Mercuria, Azure Minerals, Reyna Mining Engineering.

Mr. Berlanga Lopez is a member of the Colegio de Ingenieros de Minas y Metalurgistas y Geologos de Mexico (CIMMGM), the Asociacion de Ingenieros de Minas, Metalurgistas y Geologos de Mexico (AIMMGM) and of the Prospectors and Developers Association of Canada (PDAC).

The private placement

This private placement is available to accredited investors. The pricing of this private placement was granted under the venture exchange discretionary waiver bulletin. Under the conditions of the bulletin, the pricing of the private placement is set by the previous day's closing share price of 2.5 cents per share. The pricing of the private placement represents a small premium from the 10-day volume-weighted average share price during the past 10 trading days of 2.2 cents per share. Securities issued under this private placement will be subject to a four-month hold period. In accordance with the requirements of the investment dealer exemption, the company confirms there is no material fact or material change related to the company which has not been disclosed. The company has been granted conditional approval for this private placement, however, closing of this private placement is subject to receipt of all required regulatory and exchange approvals. The company may pay finders' fees on a portion of the private placement in accordance with applicable securities laws and the policies of the TSX Venture Exchange. From the gross proceeds of the private placement, approximately 60 per cent are intended to be used to advance the company's Tenoriba precious metal project in Chihuahua state, Mexico, and to evaluate potential project acquisitions, with the remaining 40 per cent intended to support working capital needs.

About Mammoth Resources Corp.

Mammoth Resources is a precious metal mineral exploration company focused on acquiring and defining precious metal resources in Mexico and other attractive mining-friendly jurisdictions in the Americas. The company holds a 100-per-cent interest (subject to a 2-per-cent net smelter royalty purchasable anytime within two years from commencement of commercial production for $1.5-million (U.S.)) in the 5,333-hectare Tenoriba gold property located in the Sierra Madre precious metal belt in southwestern Chihuahua state, Mexico. Mammoth is seeking other opportunities to option exploration projects in the Americas on properties it deems to host above average potential for economic concentrations of precious metals mineralization.

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