MAMMOTH INCREASES RECENTLY ANNOUNCED $2.0 MILLION PRIVATE PLACEMENT FINANCING

Toronto, Canada (May 26, 2021) – Mammoth Resources Corp. (TSX-V: MTH), (the “Company”, or “Mammoth”) is pleased to announce that its previously announced non brokered private placement financing (the “Private Placement”) announced May 25, 2021, comprising up to 14,300,000 units (the “Units”) at a price of $0.14 per Unit for gross proceeds of $2,002,000 has been enthusiastically subscribed by investors and as such the Company has decided it will increase the size of this private placement to up to 18,482,600 Units, at the same terms as previously announced, for gross proceeds of up to $2,587,564.

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