Toronto, Canada (July 18, 2016) – Mammoth Resources Corp. (TSX-V: MTH) would like to take this opportunity to remind shareholders of the granting of a Management Cease Trade Order (“MCTO”) previously announced on June 2, 2016, such MCTO being a result of the Company having exceeded the timing for filing its year-end audited financial statements and accompanying Management Discussion and Analysis, such default of which were due to have been completed and filed on May 30, 2016 for the Company’s fiscal year end dated January 31, 2016 and that the Company continues to work on completing these statements and as a result is continuing to adhere to the MCTO. It is expected that the Company will continue to advise shareholders and regulators of the status of the default, via press releases, on a bi-weekly basis until such time as this default is rectified. As previously announced, it is anticipated that the Company will complete the year-end audit before the end of July 2016.