MAMMOTH INCREASES AMOUNT OF RECENTLY ANNOUNCED PRIVATE PLACEMENT

Mammoth_220121

Toronto, Canada (January 21, 2021) – Mammoth Resources Corp. (TSX-V: MTH), (the “Company”, or “Mammoth”) is pleased to announce that following investor enthusiasm for its recently announced private placement (refer to press release dated January 12, 2021), the Company is increasing the amount of the original placement issuing 6,000,000 common shares for gross proceeds of $600,000, by an additional 885,000 common shares for gross proceeds of an additional $88,500 for a total private placement of 6,885,000 shares issued at a price of $0.10 per share for total gross proceeds of $688,500. The private placement is now closed for further investment and the Company expects closing on this newly announced amount next week, subject to TSX Venture Exchange (“Exchange”) approvals.

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