Mineral Mountain Announces C$1.5 Million Non-brokered Private Placement MMV-TSX-V MNRLF-OTCQX M8M- FRANKFURT

Mineral Mountain Announces C$1.5 Million

Non-brokered Private Placement

MMV-TSX-V

MNRLF-OTCQX

M8M-

FRANKFURT

VANCOUVER

,

Dec. 2, 2019

/CNW/ - Mineral Mountain Resources Ltd. ("

Mineral Mountain

" or the

"

Company

") (TSXV: "MMV") is pleased to announce that it is arranging a non-brokered private

placement (the "

Private Placement

") of up to 6,0000,000 units of the Company ("

Units

") to be sold

at a price of

C$0.25

per Unit to raise gross proceeds of up to

C$1,500,000

. Each Unit consists of

one common share of the Company and one common share purchase warrant (a "

Warrant

"), with

each Warrant entitling the holder to purchase one common share of the Company (a "

Warrant

Share

") for a period of one (1) year from closing at an exercise price of

C$0.40

per Warrant Share.

The net proceeds raised from the Private Placement are intended to be used for the on-going

directional drilling on the Standby Mine property designed to test high grade gold targets and for

general corporate and working capital purposes.

The securities issued pursuant to the Private Placement will be subject to a four month plus one day

hold period in accordance with applicable Canadian securities laws. The Company may pay a

finders' fee on a portion of the financing in accordance with TSX Venture Exchange policy.

About Mineral Mountain Resources and the Rochford Gold Project

Mineral Mountain Resources Ltd., through its wholly owned subsidiary Mineral Mountain Resources

(SD) Inc., is focused on the exploration and, if warranted, development of its 100%-owned Rochford

Gold Project situated along the highly prospective Homestake Gold Belt in the Black Hills of

South

Dakota, U.S.A.

The Rochford Project covers approximately 7,500 acres and straddles three major

trends of structurally thickened auriferous iron formation that host ledge-type gold mineralization.

Since 2013, the Company has continued to expand its land position in the Rochford Gold District by

professional claim staking and also by purchasing strategically located private properties that fall

along two of the major sub-parallel structural trends that host Ledge-type gold mineralization. The

Company now owns the largest land position in the

Rochford

greenstone belt and now possesses a

large and comprehensive database for the district. The Company believes that the Rochford Project

is under-explored and constitutes one of the most prospective gold districts in

North America

.

On Behalf of the Board of Directors

MINERAL MOUNTAIN RESOURCES LTD.

"Nelson W. Baker"

, President and CEO

Neither the TSX Venture Exchange nor its Regulation Services Provider (as such term is defined in

policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this

release.

Forward looking information

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.

SOURCE

Mineral Mountain Resources Ltd.

View original content to download multimedia:

http://www.newswire.ca/en/releases/archive/December2019/02/c2799.html

%SEDAR: 00029624E

For further information:

Brad Baker, Vice-President Corporate Development & Director, (778)

383-3975, [email protected], Or visit our website: www.mineralmtn.com

CO: Mineral Mountain Resources Ltd.

CNW 16:00e 02-DEC-19