Mineral Mountain Announces Closing of a Non- Brokered Private Placement MMV-TSX-V MNRLF-OTCQB M8M:FRANKFURT

Mineral Mountain Announces Closing of a Non-

Brokered Private Placement

MMV-TSX-V

MNRLF-OTCQB

M8M:FRANKFURT

VANCOUVER, BC

,

Sept. 23, 2021

/CNW/ - Mineral Mountain Resources Ltd. ("

Mineral Mountain

"

or the "

Company

") (TSXV: MMV) (OTCQX: MNRLF) (FRANKFURT: M8M) announces a correction

to its press release dated September 10, 2021 regarding the warrant exercise price issued in

connection with a non-brokered private placement (the "

Private Placement

").

Each Unit consists of a common share (each a "

Share

") in the capital of the Company and one

transferable common share purchase warrant (a "

Warrant"

). Each Warrant entitles the holder to

purchase one additional Share of the Company (a "

Warrant Share

") at a price of

$0.30

per Warrant

Share for a period of one year, subject to an accelerated expiry provision.

The Units, Shares and Warrant Shares will be subject to applicable resale restrictions, including a

four month hold period from date of closing of the Private Placement under applicable Canadian

securities laws. Completion of the Private Placement is subject to regulatory approval, including

approval of the TSX Venture Exchange.

The Company will use the proceeds from the Private Placement to fund the

September 1

st

, 2021

annual renewal fees of the Company's BLM (Bureau of Land Management) mineral claims located in

Pennington and Lawrence Counties and general administrative expenses.

On Behalf of the Board of Directors

MINERAL MOUNTAIN RESOURCES LTD.

"Nelson W. Baker"

, President and CEO

Forward looking information

This release contains "forward-looking information" within the meaning of applicable Canadian

securities legislation ("Forward-looking information"). Forward-looking information includes, but is not

limited to, statements that address activities, events or developments that the Company expects or

anticipates will or may occur in the future, including such things as future business strategy,

competitive strengths, goals, expansion, growth of the Company's businesses, operations, plans and

with respect to exploration results, the timing and success of exploration activities generally,

permitting time lines, government regulation of exploration and mining operations, environmental

risks, title disputes or claims, limitations on insurance coverage, timing and possible outcome of any

pending litigation and timing and results of future resource estimates or future economic studies.

Often, but not always, forward-looking information can be identified by the use of words such as

"plans", "planning", "planned", "expects" or "looking forward", "does not expect",

SOURCE

Mineral Mountain Resources Ltd.

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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 13:51e 23-SEP-21