Mammoth Announces Lifting of Management Cease Trade Order and Issuance of Shares for Debt and Incentive Options

Mammoth_16072020

Toronto, Ontario–(Newsfile Corp. – July 16, 2020) – Mammoth Resources Corp. (TSXV: MTH), (the “Company”, or “Mammoth”) would like to announce that following the filing yesterday of its audited year-end January 31, 2020 financial statements and MD&A, such delay in filing which occurred under the exemption granted on March 18, 2020 by Canadian securities regulatory authorities which provided 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; Ontario Securities Commission Instrument 51-502 Temporary Exemption, that following this filing, the previous voluntary Management Cease Trade Order originally announced on May 29, 2020, has been lifted regarding the filing of these year-end audited statements. The Company has yet to file its first quarter 2020 financial statements and MD&A
which were due on June 30, 2020. Mammoth is expecting to file these statements shortly. The Company is relying on the Instrument 51-502 Temporary Exemption in the filing of the first quarter statements.

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