MAMMOTH RECEIVES DRILL PERMIT FOR 139 DRILL LOCATIONS ON ITS TENORIBA GOLD PROPERTY, MEXICO

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Toronto, Canada (January 6, 2021) – Mammoth Resources Corp. (TSX-V: MTH), (the “Company”, or “Mammoth”) is pleased to announce that Mexican environment ministry; Secretaría del Medio Ambiente y Recursos Naturales (SEMARNAT) has approved Centerra’s previously announced drill permit application on Mammoth’s 100% owned Tenoriba gold-silver property located in the prolific Sierra Madre precious metal belt, Mexico. Following this drill permit approval and the recently announced two year surface access agreements (refer to press releases dated November 5, and December 21, 2020), Mammoth has all permissions required to drill up to 139 drill hole locations on the eastern half of the 6 kilometre trend of surface gold-silver mineralization (refer to Figure 1 at the end of this release – “Location Map, Geology-Chip/Channel, 2008/2018 Drilling and Centerra Proposed Drilling” for the location of these 139 drill sites also available on Mammoth’s website, “Projects”, “Maps, Images and Photos”: http://www.mammothresources.ca/s/ProjectImages.asp). Mammoth is required to transfer the Centerra permit approval to itself and this transfer is underway and is expected to imminently be completed.

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