Mineral Mountain Closes Final Tranche of Private Placement

MMV-TSX-V

NEWS RELEASE NO. 2018 – 02 JANUARY 5, 2018

MINERAL MOUNTAIN CLOSES FINAL TRANCHE OF

PRIVATE PLACEMENT

(Vancouver, January 5, 2018 ): Mineral Mountain Resources Ltd. (“ Mineral Mountain ” or the

“Company”) (TSXV: “MMV”) is pleased to announce that subject to acceptance for filing of the final

documentation by the TSX Venture Exchange (“TSX -V”), it has closed the final tranche of its non-

brokered unit (“Unit”) private placement (the “ Private Placement”) announced previously on October

24th, 2017 and has issued 3,326,000 units of the Company (“Units”) at a price of C$0.20 per Unit to raise

gross proceeds of C$ 665,200. 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 two (2) years from closing at an

exercise price of C$0.35 per Warrant Share in the first year and C$0.50 per Warrant Share in the second

year, subject to the following accelerated expiry provision : i n the event that the Company ’s common

shares trade for a period of at least 20 consecutive trading days at a closing price equal to or in excess of

C$0.50 per share at any time after four months following closing of the Private Placement up to the end of

the first year term of the Warrants, the Company may accelerate the expiry date of the Warrants by giving

notice to the holders thereof and in such case, the Warrants will expire on the 30th day after the date on

which such notice is given by the Company.

A finder’s fee of 6% was paid to arm’s length third parties on a portion of the Private Placement.

The net proceeds raised from the Private Placement are intended to be used to expand the hi storic high

grade Standby Mine gold deposit down plunge and prove the Homestake Mine model exists in the

Rochford District, and, for corporate and general working capital purposes.

The securities issued pursuant to the Private Placement are subject to applicable statutory resale

restrictions, including a hold period expiring on May 6, 2018 pursuant to applicable Canadian securities

laws.

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

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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 t he 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.