Mineral Mountain Intersects 2.12 Gpt over 20.0 Meters Extends Steeply Plunging High Grade Shoot to 230 Meters Down Plunge

MMV-TSX.V

MNRLF-OTCQX

News Release NR 2018 – 09 August 9, 2018

MINERAL MOUNTAIN INTERSECTS 2.12 GPT OVER 20.0 METERS

EXTENDS STEEPLY PLUNGING HIGH GRADE SHOOT

TO 230 METERS DOWN PLUNGE

(Vancouver, August 8 , 2018 ): Mineral Mountain Resources Ltd. and its subsidiary Mineral

Mountain Resources (SD) Inc. (“Mineral Mountain” or the “Companies”) (TSX.V: “MMV”)

(“OTCQX: MNRLF”) are pleased to report that a total of six (6) of the planned twelve (12) NQ

diamond drill holes have now been completed totaling 2,155m on the Companies Standby Mine

Target in the Rochford District in the Black Hills of South Dakota. The analytical results for the

first three holes, ST18-001, ST18-002 and ST18-003, were released on May 03, 2018. Drill hole

ST18-006 was successful in intersecting the steeply plunging high grade shoot that hosts the

Standby Mine deposit 230m below surface and 50m down plunge of historical drill hole BLG-

UG3 which graded 3.36 g/t Au over 24 meters . This high grade shoot occurs within a 34m

wide classic Homestake-style quartz-chlorite breccia with silica flooding, 3 -15% coarse-grained

arsenopyrite and 3 -7% p yrrhotite. Hole ST18 -006 grades 2.12 g/t Au over 20 meters

including 4.39 g/t Au over 2.5 m and 5.24 g/t Au over 1.5 m. (see 3D Isometric View and Drill

Hole Locations posted on the Company’s website www.mineralmtn.com ). (Note: Pictures of

arsenopyrite-bearing core from ST18 -006 ha ve been posted on the Company’s website

www.mineralmtn.com)

Drill hole ST18 -004, which recorded low gold values wandered off its planned course and did

not intersect major intervals of the Rochford iron formation . Hole ST18-005, the deepest drill

hole in this campaign to date at 352.3 m , intersected 1.50 g/t Au over 5.7 meters . This hole did

not target the Standby Mine high grade shoot. Upon completion of ST18 -005, th is hole was

geophysically probed thus providing a strong vector toward the 34 m wide Standby Mine shoot.

Presently, drill hole ST18 -007 is in progress and is designed to test both a second southeasterly

trending mineralized structure averaging 30m in width occu rring west of the Standby Mine high

grade shoot (referred to as the West Limb Structure) and the down plunge extension of the high

grade shoot referenced above approximately 100m down plunge from ST18-006.

Table 1:

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Present and Historical Drill Holes Intersecting the East Limb

Drill Hole Penetrating East

Standby Mineralized Shear

Structure

Gold Mineralized Intersection in Iron Formation

(Progressing Down-Plunge to the Southeast)

Approximate Distance of Intersection

Down-Plunge from Surface

DDH ST18-006 2.12 g/t Au over 20 meters

Incl. 4.39 g/t Au over 2.5 meters

Incl. 5.24 g/t Au 1.5 meters

230 meters

DDH BLG-UG3

Historic Underground DDH 3.36 g/t Au over 24 meters 180 meters

DDH- ST18-005

Mineral Mountain 1.5 g/t Au over 5.7 meters 300 meters

DDH- ST18-004

Mineral Mountain Low gold values

DDH SM-87

Historic Homestake DDH 10.23 g/t Au over 3.05 meters 1800 meters

Curt Hogge, chief geologist for the Company, commented: “ The 34-meter wide Homestake-type

mineralized core interval in ST18 -006 from 1 49.0 – 183.0 meters downhole, from a visual

standpoint, is a classic Homestake -style quartz flooded, intensely altered and locally brecciated

iron formation as well as replace style mineraliz ation in iron formation . The untested potential

down - dip and down - plunge represents a strong compelling target that requires definition

drilling”.

By comparison, at Homestake, the surface expression of the 9 Ledge upper tail is a 30m x 15m

area in a road cut, within which the majority of rock samples assay only 100's ppb Au to 1 g/t

Au, with one higher -grade sample assaying 4.5 g/t Au. However, visible alteration,

characterized by quartz veins with moderately to well -developed hydrothermal chlorite selvages

and minor sulfide minerals, is locally well developed at the 9 Ledge upper tail position.

Consistent ore grade mineralization (~8 g/t Au over 5-10m widths) in the 9 Ledge does not begin

to develop until 1200m down plunge (8 00m vertical depth) on the 9 Ledge, and the highest Au

grades and widths in the 9 Ledge Centroid do not occur until 1500m down plunge (1000m

vertical depth. By comparison, the Au grades and widths encountered in the only very

shallow drilling (to 330m down plunge) to date by the Mineral Mountain on the Standby

system, along with the >30m widths of intense quartz flooding – hydrothermal chlorite

alteration – remobilized pyrrhotite – arsenopyrite alteration, are highly encouraging at

Standby.

Qualified Persons

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The technical information in this news release has been prepared in accordance with Canadian

regulatory requirements set out in National Instrument 43 -101 and reviewed and approved by

Nelson W. Baker, P.Eng. the President and CEO of Mineral Mounta in Resources Ltd. and a

Qualified Person for this project. All exploration activities at the Rochford Project are carried

out under the strict supervision of Kevin Leonard, P.Geo. also a Qualified Person for this project.

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 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 2012, the Company , through it’s wholly owned subsidiary Mineral Mountain Resource

(SD) Inc., has spent over $9 million US in gold exploration in the Black Hills of South Dakota,

controls the largest land position in the Rochford greenstone belt and now possesses by far the

largest and most comprehensive database for the district in modern day exploration history ! The

Rochford Project is vastly under -explored and has the potential to host district scale gold

discoveries.

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

(604) 714-0111 [email protected]

Or visit our website: www.mineralmtn.com

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, compet itive 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”, “continues”, “scheduled”,

“estimates”, “forecasts”, “intends”, “potential”, “anticipates”, “does n ot anticipate” or “belief” or

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describes a “goal” or variation of such words and phrases or state that certain actions, events or results

“may”, “could”, “would”, “might” or “will” be taken, occur or be achieved.

Forward-looking information is based on a number of material factors and assumptions, including, the

result of drilling and exploration activities, that contracted parties provide goods and/or services on the

agreed timeframes, that equipment necessary for exploration is available as scheduled and does not incur

unforeseen break downs, that no labour shortages or delays are incurred, that plant and equipment

function as specified, that no unusual geological or technical problems occur, and that laboratory and

other related services are available an d perform as contracted. Forward -looking information involves

known and unknown risks, future events, conditions, uncertainties and other factors which may cause the

actual results, performance or achievements to be materially different from any future res ults, prediction,

projection, forecast, performance or achievements expressed or implied by the forward -looking

information. Such factors include, among others, the interpretation and actual results of current

exploration activities; changes in project parameters as plans continue to be refined; future prices of gold;

possible variations in grade or recovery rates; failure of equipment or processes to operate as anticipated;

the failure of contracted parties to perform; labour disputes and other risks of th e mining industry; delays

in obtaining governmental approvals or financing or in the completion of exploration, as well as those

factors disclosed in the company's publicly filed documents. Although the Company has attempted to

identify important factors that could cause actual actions, events or results to differ materially from those

described in forward-looking information, there may be other factors that cause actions, events or results

not to be as anticipated, estimated or intended. There can be no as surance that forward -looking

information will prove to be accurate, as actual results and future events could differ materially from

those anticipated in such statements. Accordingly, readers should not place undue reliance on forward -

looking information.