MAMMOTH ANNOUNCES $2.0 MILLION, INSTITUTIONAL BACKED PRIVATE PLACEMENT FINANCING

Toronto, Canada (May 25, 2021) – Mammoth Resources Corp. (TSX-V: MTH), (the “Company”, or “Mammoth”) is pleased to announce a non brokered private placement financing (the “Private Placement”) comprising up to 14,300,000 units (the “Units”) at a price of $0.14 per Unit for gross proceeds of $2,002,000, the Unit offering price being the equivalent of the 5, 10 and 15-day volume weighted average price of the Company’s common shares traded on the TSX Venture Exchange (the “Exchange”). Funds managed by institutional together with high net worth investors have agreed to purchase 10,500,000 Units in the Private Placement.

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