Black Mammoth Metals Arranges Private Placement BMM: TSX-V

Black Mammoth Metals Arranges Private Placement

BMM: TSX-V

VANCOUVER, May 29, 2017 /CNW/ - Black Mammoth Metals Corporation (TSX-V: BMM / Frankfurt:

LQK / OTCBB: LQRCF) ("Black Mammoth" or the "Compan y") is pleased to announce that it intends

to raise gross proceeds of up to $900,000 by way of a private placement (the "Offering") of up to

4,500,000 common shares of the Company at a price o f $0.20 per Unit (the "Units"). Each Unit consists of

one common share of the Company and one non-transfe rrable common share purchase warrant (a

"Warrant"), with each Warrant exercisable into one common share of the Company for a period of 2 years

from the issue date at an exercise price of $0.30. The Units will be subject to a four-month hold peri od

from the date of closing. A finder's fee may be payable in accordance with the policies of the TSX Ven ture

Exchange ("TSX-V").

The Company intends on using the proceeds of the Of fering for its Blanco Creek gold property ("the

Property"), general working capital and potential acquisitions. The Company currently has 5,948,786

common shares outstanding. The Offering is subject to the approval of the TSX-V.

About Black Mammoth Metals Corporation:

Black Mammoth has recently assumed a long-term leas e for a 100% interest, subject to underlying

royalties, in the Blanco Creek gold property in central Idaho. The Property has road access and consists

of 40 Unpatented Federal Lode Claims hosting three historic underground mines along 3550 metres

(11,644 feet) of strike on the north-east trending regional Blanco Sheer Zone. Exploration by two

previous operators identified a geological target for the Blanco Creek property in the order of 1.7 to 2.48

million tons, grading 0.20 to 0.33 oz/ton Au (1.54 to 2.24 million tonnes, grading 6.85 to 11.31 g/tonne

Au), see the Company's press release dated February 14 th , 2017.

Black Mammoth cautions investors to note the potential quantity and grade of the geological target are

conceptual in nature. A qualified person has not done sufficient work to classify the geological target as

mineral resources as defined by NI 43-101, and it is uncertain if future exploration will result in the target

being delineated as mineral resources. The Blanco Creek property lease transaction is subject to TSX-V

approval.

This news release does not constitute an offer to sell or a solicitation of an offer to buy the securities

described herein in the United States. The securitites described herein have not been and will not be

registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in

the United States or to the account or benefit of a U.S. person absent an exemption from the registration

requirements of such Act.

On behalf of the board,

"Dustin Henderson"

Dustin Henderson, BBA

President, CEO and Corporate Secretary

Black Mammoth Metals Corporation

"Neither 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." This press release contains forward-looking statements and forward-looking information

(collectively, "forward looking statements") within the meaning of applicable Canadian and United Stat es

securities laws. All statements, other than statements of historical fact, included herein, including

statements regarding the anticipated content, commencement, duration and cost of exploration programs,

anticipated exploration program results, the discov ery and delineation of mineral

deposits/resources/reserves, the timing of the rece ipt of assay results, the visual continuity of certain

mineralized intervals and business and financing plans and trends, the potentially open nature of the

mineralized zones on the property and the potential for future discoveries of additional mineralization on

the property are forward-looking statements. Forward-looking statements are typically identified by words

such as: believe, expect, anticipate, intend, estimate, postulate and similar expressions or are those

which, by their nature, refer to future events. Although the Company believes that such statements are

reasonable, there can be no assurance that such sta tements will prove to be accurate, and actual results

and future events could differ materially from those anticipated in such statements. The Company

cautions investors that any forward-looking statements by the Company are not guarantees of future

performance, and that actual results may differ materially from those in forward-looking statements.

Important factors that could cause actual events and results to differ materially from the Company's

expectations include those related to weather, equipment and staff availability; performance of third

parties; timing of receipt of assay results from third party analytical facilities; risks related to the

exploration stage of the Company's projects; market fluctuations in prices for securities of exploration

stage companies and in commodity prices; and uncertainties about the availability of additional financing;

risks related to the Company's ability to identify one or more economic deposits on the properties, an d

variations in the nature, quality and quantity of any mineral deposits that may be located on the

properties; risks related to the Company's ability to obtain any necessary permits, consents or

authorizations required for its activities on the properties; and risks related to the Company's ability to

produce minerals from the properties successfully or profitably. Trading in the securities of the Comp any

should be considered highly speculative. All of the Company's public disclosure filings may be accesse d

via www.sedar.com and readers are urged to review these materials, including the latest technical reports

filed with respect to the Company's mineral properties.

All geological information provided in this press release, including all information on the Blanco Creek

Property has been gathered during the Company's due diligence process and has not been

independently verified by management.

SOURCE Black Mammoth Metals Corp

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For further information: 1(604) 347-9101 - Email: dustinh@blackmammothmetal s.com, Website:

www.blackmammothmetals.com

CO: Black Mammoth Metals Corp

CNW 08:15e 29-MAY-17