MTH Mammoth Resources Corp

Mammoth Resources Corp. (TSX VENTURE:MTH) (the "Company") would like to announce
a second tranche closing of $163,500 in additional subscriptions for total
proceeds of $270,620 on its previously announced private placement financing to
include up to 10,000,000 units of the Mammoth's shares (the "Units") at a price
of $0.05 per Unit to raise gross proceeds of up to $500,000. Each Unit will be
comprised of one common share of the Company and one common share purchase
warrant (a "Warrant"). Each Warrant will entitle the holder to acquire an
additional common share of the Company for a period of 24 months from the date
of issue at a price of $0.08 per common share. 


The Company may pay a finder's fee on all or a portion of the private placement.
The Company intends to use the proceeds from the private placement for
exploration expenditures on its Tenoriba property located in the Sierra Madre
Precious Metal Belt in southwestern Chihuahua State, Mexico (refer to the
Company's web site www.mammothresources.ca, for a detailed location map) and for
general working capital purposes. 


The Company also wishes to announce that it has entered into an agreement (the
"Agreement") engaging Frontier Merchant Capital Group ("Frontier") to provide
investor relations services.


Frontier, which operates out of Toronto, consults with its clients to determine
their most pressing corporate issues and help them reach their goals using their
strong industry contacts and its unique services. As their partner, Frontier
works within any client budget to make sure the incentive program is aligned to
help the client reach important corporate goals. Frontier brings financial
institutions quality company information and updates directly from their
clients, the senior management of public and private companies. This direct
information allows their financial market contacts to make more educated
investment decisions. Frontier only introduces to their institutional network
companies that meet their criterion based on their proprietary profiling
methods.


Frontier has been engaged to assist in increasing public awareness by managing
Mammoth's communications, marketing endeavors, and ongoing engagement with
shareholders, finance professionals, and media contacts. Aside from Frontier's
purchase of shares in the Company as mentioned below, Frontier and its
principal, Ari Todd, are at arm's length to the Company as at the date hereof.


In the first year of Frontier's engagement, Frontier will be paid a monthly fee
of $5,250 and will be granted 300,000 stock options of the Company, exercisable
at $0.10 per share. The options will vest at a rate of 25% per quarter from date
of grant and are exercisable for a period of one year. The Agreement and the
grant of options pursuant to the Agreement are subject to regulatory approval.
In addition to the 300,000 options to be granted under the terms of the
Agreement, Frontier subscribed for 1,200,000 Units of the Private Placement and
an additional 900,000 common shares through a separate transaction.


The private placement is subject to the approval of the TSX Venture exchange.
All securities issued pursuant to the private placement will be subject to a
statutory hold period of four months and one day. 


About Mammoth Resources:

Mammoth Resources (TSX VENTURE:MTH) is a mineral exploration company focused on
acquiring and defining precious metal resources in Mexico and other attractive
mining friendly jurisdictions in the Americas. The Company has an option to
acquire 100% in the Tenoriba Property located in the Sierra Madre Precious Metal
Belt in southwestern Chihuahua State, Mexico. The Company continues to seek
other option agreements in the Americas on other properties it deems to host
above average potential for economic concentrations of precious metals
mineralization. 


To find out more about Mammoth Resources and to sign up to receive future press
releases, please visit the Company's website at www.mammothresources.ca.


Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.


Forward-Looking Information: This news release may contain or refer to
forward-looking information. All information other than statements of historical
fact that address activities, events or developments that the Company believes,
expects or anticipates will or may occur in the future are forward-looking
statements; examples include the listing of its shares on a stock exchange and
establishing mineral resources. These forward-looking statements are subject to
a variety of risks and uncertainties beyond the Company's ability to control or
predict that may cause actual events or results to differ materially from those
discussed in such forward-looking statements. Any forward-looking statement
speaks only as of the date on which it is made and, except as may be required by
applicable securities laws, the Company disclaims any intent or obligation to
update any forward-looking statement, whether as a result of new information,
future events or results or otherwise. Although the Company believes that the
assumptions inherent in the forward-looking statements are reasonable,
forward-looking statements are not guarantees of future performance and,
accordingly, undue reliance should not be placed on these forward-looking
statements due to the inherent uncertainty therein.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Mammoth Resources Corp.
Thomas Atkins
President & CEO
(416) 479-0887
(416) 363-4567 (FAX)
tom@mammothresources.ca
www.mammothresources.ca

Mammoth Resources (TSXV:MTH)
Historical Stock Chart
From Nov 2024 to Dec 2024

Mammoth Resources (TSXV:MTH)
Historical Stock Chart
From Dec 2023 to Dec 2024