Mr. Thomas Atkins reports

MAMMOTH ANNOUNCES ANNUAL AND SPECIAL MEETING RESULTS AND PROVIDES UPDATE ON ACTIVITIES AT ITS TENORIBA GOLD-SILVER PROPERTY, MEXICO

Mammoth Resources Corp. has released the results of voting from its annual and special meeting of shareholders, which was held yesterday by Zoom conference facility. All matters submitted to shareholders for approval as set out in the company's notice of meeting and information circular, dated Dec. 10, 2026, were approved by a majority of votes cast. The matters to be voted upon in this meeting include the following:

• Election of six directors: shareholders elected the following slate of directors: Thomas Atkins, Paul O'Brien, Jose Antonio Berlanga Balderas, Edgardo Espinosa Velasco, Jose Antonio Berlanga Lopez and Richard Simpson;
• Appointment of auditor -- appointment of Kreston GTA, chartered accountants, as auditor of the company for the ensuing year, with its remuneration to be fixed by the board of directors;
• Confirmation of the company stock option plan -- shareholders approved the company's rolling 10-per-cent stock option plan.

It should be noted that the company has previously approved an advance notice policy dealing with the nomination of directors at an annual general meeting. A copy of the company's advance notice policy was attached to the information circular to this meeting.

Update on activities at the Tenoriba gold-silver property and other corporate initiatives

During the past months, Mammoth's geological team, in consultation with various contractors, has advanced steps toward the planning and permitting to facilitate both: (i) a resource definition drill program to confirm gold-silver mineral resource at the company's 100-per-cent-owned Tenoriba exploration project following the greater-than-one-million-ounce-gold-equivalent target for further exploration as identified in prior in-house and independent studies (refer to press releases dated May 15, 2024, and Nov. 21, 2024, on Mammoth's website under the 2024 news folder); and (ii) studies to confirm potential gold-silver recoveries from a coarser fraction heap leach metallurgical test and identify potential drawpoints from areas of elevated grade, from which to source material for pilot, small-scale gold-silver production within the Carneritos area of the Tenoriba property (refer to press release dated Feb. 27, 2025, on Mammoth's website under the 2025 news folder).

In addition to these activities at Tenoriba, the Mammoth team, together with its strategic partner RM Mineria S de RL de CV, is advancing the acquisition of near- to immediate-term precious and precious with base metal operating mines. The team has had extensive discussions and has advanced various stages of due diligence, and hopes to advance these opportunities to a stage where an announcement can be made identifying such opportunities in the near future.

Thomas Atkins, president and chief executive officer of Mammoth, commented on the various activities being advanced by the company, stating: "We acknowledge that several months have passed since our last press release discussing project activities. I appreciate the patience and understanding of our shareholders during this time as we have been busy re-establishing the company to advance its Tenoriba project following an absence from the property during the past couple of years, while the equity capital markets proved difficult to raise capital for mineral exploration. With gold and silver prices reaching new highs in the past months and with our strategic alliance with RM Mineria, we feel confident we are better positioned to both advance Tenoriba and to seek and acquire other near-term to imminent precious and precious with base metal operating mine opportunities in Mexico. We look forward to announcing advancements in these opportunities in the future."

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 any time 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 opportunities to invest in additional exploration and development projects in the Americas on properties it deems to host above average for economic concentrations of precious metal mineralization. Mammoth recently entered into a strategic alliance with RM Mineria of Mexico in pursuit of additional project development opportunities.

We seek Safe Harbor.