BMM.V · 2026-04-16 12:00:00

Black Mammoth Metals Provides Corporate Update and Outlines its Exploration Strategy, Property Portfolio and Claims Position BMM: TSX-V

Exploration Programs

Black Mammoth Metals Provides Corporate

Update and Outlines its Exploration Strategy,

Property Portfolio and Claims Position

BMM: TSX-V

VANCOUVER, BC

April 16, 2026

/CNW/ -

Black Mammoth Metals Corporation

(TSXV: BMM)

(OTC: LQRCF)

("Black Mammoth" or the "Company")

is pleased to provide shareholders with a

corporate update outlining the Company's exploration and capital allocation strategy, together with

an overview of its mineral property portfolio and claims position in the western United States.

Corporate Strategy and Business Model

Black Mammoth is an exploration stage mineral company focused on building a broad,

high

quality portfolio of mineral properties with upside potential across established mining

jurisdictions in the western United States.

Our strategy is straightforward: identify prospective

projects, apply careful technical and geological review, and advance the most compelling

opportunities in a disciplined and capital

efficient manner.

The Company acquires mineral properties through staking, direct purchase or option agreements

with third

party vendors. Once a property is acquired or staked, our team reviews historical work,

public data and previous exploration results to understand the geological setting and potential.

Where that initial review is encouraging, Black Mammoth may carry out early

stage work such as

geological mapping, sampling, geophysical surveys, including induced polarization, gravity and

magnetic surveys, to further assess the opportunity.

As results come in, management evaluates where additional time, capital and technical effort can

create the most value. Properties that continue to demonstrate strong technical merit may be

advanced through additional exploration programs, while others are held at an early stage pending

improved market conditions, new data or strategic consolidation. This measured, step

step

approach seeks to allow the Company to manage exploration risk, maintain flexibility and focus

resources where they matter most.

Property Classification

Given the size and breadth of its portfolio, Black Mammoth organizes its mineral interests based on

their current relevance to the business. Properties that are central to the Company's exploration

focus and strategy are classified as "Core Properties", while earlier stage holdings that are not

presently a focus of active investment are classified as "Non

Core Properties".

As of the date of this release,

Black Mammoth holds a 100 percent interest in 25 exploration

stage mineral properties that the Company currently considers material to its business

(collectively, the "

Core Properties

"), along with an additional 20 early

stage mineral interests that

are considered non

material at this time (collectively, the "

Non-Core Properties

").

Non

Core Properties are generally maintained on a holding basis and are selectively revisited, as

new geological data, technical results or strategic opportunities emerge, if further exploration is

deemed warranted. Where results or circumstances support further advancement, these properties

may be reclassified as Core Properties and prioritized within the exploration portfolio.

This structure allows Black Mammoth to pursue a wide range of opportunities while remaining

focused and disciplined in how capital and technical resources are deployed. As a result, the

Company has assembled a diversified exploration portfolio spanning multiple commodities and

jurisdictions, supported by a consistent, technically driven approach to project evaluation and

advancement.

Property Portfolio Overview

The Company's property portfolio is principally focused in Nevada, and also located in Arizona,

Idaho, Utah, California, New Mexico and Oregon. The primary commodities targeted across the

Company's portfolio include gold, silver, copper, lead and rare earth elements.

Currently, Black Mammoth's claims position consists of approximately 2,700 unpatented lode mining

claims located on lands administered by the United States Bureau of Land Management and the

United States Forest Service, together with six patented mining claims and one U.S. state mining

lease.

The Company's total claims position covers approximately 20,257 hectares, or approximately

55,000 acres.

Core Properties

For reference purposes only, the Company's current Core Properties include the following

exploration projects. Inclusion in this list does not imply development status, economic viability or

future advancement beyond the Company's stated exploration strategy.

Core Properties - 25

County

State

Island Mountain District

Coleman Canyon Gold

St. Elmo Gold Diamond Jim - Ag, Pb, Zn, Sb

Elko

Callaghan District

Cottonwood and Rast Gold Charlie Gold

North Callaghan Gold

Lander

South Ravenswood District

Raven Gold Happy Cat Gold

Tom's Pediment Gold-Silver

Lander

Quito Gold

Lander

America Mine Gold

San Bernardino

Leadore – Ag, Pb, Rare Earths

Lemhi

Amador Silver

Lander

Mustang Gold-Silver

Nye

Coal Canyon Gold

Pershing

East Reveille Gold

Nye

West Reveille Silver

Nye

Gallinas Rare Earths

Lincoln

Clover High-Grade Gold

Elko

Blanco Creek Gold-Silver

Idaho

Big Bear Copper

Gila

Ramsey Silver

La Paz

Zulu Gold

Gila

Northern Star Copper

La Paz

Cupz Gold

Esmeralda

As Black Mammoth continues to grow its footprint, the Company regularly reviews new early

stage

mineral opportunities through staking and targeted acquisitions. These opportunities are evaluated

with the same disciplined, technical approach that underpins the Company's broader strategy, and

are advanced as warranted based on results and strategic fit.

This update reflects how Black Mammoth builds, evaluates and advances its exploration portfolio. As

projects progress, future technical updates, exploration results and financing announcements will

align with the strategy and approach described above.

Qualified Person

Mark J. Abrams, CPG #11451, a Qualified Person as defined under National Instrument 43-101 –

Standards of Disclosure for Mineral Projects

and director of Black Mammoth, has reviewed and

approved the technical content in this release.

On behalf of the board,

"Dustin Henderson"

Dustin Henderson, BBA

President & CEO

This press release contains forward-looking statements and forward-looking information

(collectively, "forward looking statements") within the meaning of applicable securities laws. All

statements, other than statements of historical fact, included herein are forward-looking

statements. Forward-looking statements are typically identified by words such as believe, expect,

anticipate, intend, estimate, postulate and similar expressions or are those which, by their nature,

refer to future events. Although the Company believes that such statements are reasonable, there

can be no assurance that such statements will prove to be accurate, and actual results and future

events could differ materially from those anticipated in such statements. The Company cautions

investors that any forward-looking statements by the Company are not guarantees of future

performance, and that actual results may differ materially from those in forward-looking

statements. Trading in the securities of the Company should be considered highly speculative. All

the Company's public disclosure filings may be accessed via

www.sedarplus.ca

and readers are

urged to review these materials, including any technical reports filed or disclosed on the

Company's website related to the Company's mineral properties.

Neither 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.

SOURCE Black Mammoth Metals Corp

View original content to download multimedia:

http://www.newswire.ca/en/releases/archive/April2026/16/c6803.html

%SEDAR: 00022389E

For further information:

Black Mammoth Metals Corporation, Phone: 604 347 9101, Email:

[email protected], Website: www.blackmammothmetals.com

CO: Black Mammoth Metals Corp

CNW 09:00e 16-APR-26

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