Mineral Mountain – No Further Closings of Private P Lacement

MMV-TSX-V MNRLF-OTCQB

NEWS RELEASE NO. 2015 – 09 JULY 22, 2015

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

MINERAL MOUNTAIN – NO FURTHER CLOSINGS OF PRIVATE PLACEMENT

(Vancouver, July 22, 2015): Mineral Mountain Resources Ltd. (“Mineral Mountain” or the “Company”) (TSXV: “MMV”) (OTCQB: “MNRLF”) announces that there will not be any additional closings in respect of the private placement that the Company first announced on April 17, 2015 (the “Private Placement”) in addition to the closing which occurred on June 24, 2015 pursuant to which the Company issued 6,345,000 units (“Units”) at a price of $0.05 per Unit for total gross proceeds of C$317,250. Each Unit consisted of one common share and one transferable share purchase warrant, each warrant exercisable into one additional common share at a price of $0.09 for a period of 24 months from the date of issue.

On announcing the closing, the Company incorrectly stated that finders received a total of $22,207.50 in cash and 444,150 share purchase warrants when in fact the Company paid an aggregate of $18,707.50 in cash and issued an aggregate of 374,150 common shares in respect of finders’ fees on the Private Placement.

The Company also clarifies that the securities comprising the Units issued under the Private Placement are subject to a 4 month hold period that expires on October 25, 2015 and that the common shares issued to the finders are subject to a 4 month hold period that expires on October 31, 2015.

On Behalf of the Board of Directors

MINERAL MOUNTAIN RESOURCES LTD.

“Nelson W. Baker”, President and CEO

For further information, please contact:

Brad Baker, Vice-President Corporate Development & Director (778) 383-3975 [email protected] Or visit our website: www.mineralmtn.com

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

This release includes certain statements that may be deemed to be “forward-looking information” under Canadian securities laws. All statements in this release, other than statements of historical facts, that address events or developments that the Company expects to occur, constitute forward looking-information. Forward looking information consists of statements that are not historical facts and are generally, but not always, identified by the words “expects”, “plans”, “could” or “should” occur. Although the Company believes the expectations expressed in such forward-looking information are based on reasonable assumptions, such information does not constitute guarantees of future performance and actual results may differ materially from those in forward-looking information. Factors that cause the actual results to differ materially from those in forward-looking information include gold prices, results of exploration and development activities, regulatory changes, defects in title, availability of materials and equipment, timeliness of government approvals, continued availability of capital and financing and general economic, market or business conditions. The Company cautions the foregoing list of important factors is not exhaustive. Investors and others who base themselves on the Company's forward-looking information should carefully consider the above factors as well as the uncertainties they represent and the risk they entail. The Company believes that the expectations reflected in the forward-looking information are reasonable, but no assurance can be given that these expectations will prove to be correct. Please see the public filings of the Company at www.sedar.com for further information.

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