Mineral Mountain Announces Closing of Second Tranche of Private Placement

MMV-TSX-V

MNRLF-OTCQB

M8M:FRANKFURT

FOR IMMEDIATE RELEASE

News Release No. 2022-11 July 18, 2022

MINERAL MOUNTAIN ANNOUNCES CLOSING OF SECOND TRANCHE OF PRIVATE PLACEMENT

Vancouver, July 18, 2022): Mineral Mountain Resources Ltd. (“Mineral Mountain” or the “Company”)

(TSXV: MMV) (MNRLF:OTCQB) (M8M-FRANKFURT) is pleased to announce that it has closed the

second tranche of the private placement announced previously on April 5, 2022, issuing 485,000 units

(“Units”) at a price of CAD$0.10/Unit for gross proceeds of CAD$48,500.

Each Unit consist s of one common share and one common share purchase warrant (a “Warrant”) . Each

Warrant can be exercised for a one year period from the Closing Date at $0.25 per warrant share.

The securities issued pursuant to the private placement are subject to applicable resale restrictions, including

a four month hold period from date of closing of the private placement under applicable Canadian securities

laws. Net proceeds from the financing will be used to advance the Standby Mine Gold project and for

general working capital.

About the Standby Mine Gold Target

All geologic, geophysical and drill results to date suggest a Homestake ledge-type target exists at Standby

and is potentially of large scale. Mineral Mountain’s goal is to extend the Standby Mine gold mineralization

down-plunge through systematic step- out drilling along strike and down- plunge in the Upper Tail to

discover an Ore Centroid at depth.

MMV’s two previous core drilling campaigns between 2018 and 2020 extended known gold mineralization

from the bottom of the historic Standby Mine workings from 130 meters below surface to a total plunge

length of 850 meters.

Jeff Hrncir, the Company’s chief geologist commented: “Confirming the existence of an Ore Centroid at

Standby would be a game-changing discovery for Mineral Mountain Resources and set the stage for future

resource delineation drilling”.

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 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.