MAMMOTH RESOURCES PROVIDES UPDATE ON MCTO

MAMMOTH RESOURCES PROVIDES UPDATE ON MCTO

Toronto, Canada (June 30, 2020) – Mammoth Resources Corp. (TSX-V: MTH), (the “Company”, or “Mammoth”) would like to remind shareholders of the granting of a Management Cease Trade Order (“MCTO”) previously announced on May 29, 2020, such MCTO being a result of OSC Instrument 51-502, Temporary Exemption due to COVID-19 pandemic stating that securities regulators will be providing coordinated relief consisting of a 45-day extension for certain periodic filings required to be made on or prior to June 1, 2020 as a result of the COVID-19 pandemic. Mammoth would like to inform shareholders that due to the various social restrictions resulting from measures taken by governments in Canada and Mexico, and administrative challenges associated with these social restrictions, the company found it prudent to employ this Exemption, Instrument 51-502 which enables Mammoth exemptive relief to delay the filing of its audited annual financial statements, the accompanying management’s discussion and analysis, as well as the associated CEO and CFO certifications for the year ended January 31, 2019, due June 1, 2020 and that these filings are expected to be completed within the 45 day period, July 15, 2020.

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