MAMMOTH RESOURCES ANNOUNCES CLOSING OF $167,475 PRIVATE PLACEMENT

Mammoth_16062020

Toronto, Canada (June 16, 2020) – Mammoth Resources Corp. (TSX-V: MTH), (the “Company”) is pleased to announce that it has closed its previously announced non-brokered private placement (the “Private Placement”) of up to 4,035,715 shares (the “Common Shares”) issued at a price of $0.035 per Common Share for total gross proceeds of $141,250, and that due to demand for this Private Placement the size was increased to 4,785,000 Common Shares issued at a price of $0.035 per Common Share for total gross proceeds of $167,475. Proceeds from this financing will be used for working capital purposes, including corporate development expenses.

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