Mammoth Announces Annual and Special Meeting Results and Provides Update ON Activities at Its Tenoriba GOLD-Silver Property, Mexico
Exchange Tower
410 - 150 York Street
Toronto, Ontario
M5H 3S5 Canada
www.mammothresources.ca
FOR IMMEDIATE RELEASE: January 20, 2026 No. 01/26
MAMMOTH ANNOUNCES ANNUAL AND SPECIAL MEETING
RESULTS AND PROVIDES UPDATE ON ACTIVITIES AT ITS
TENORIBA GOLD-SILVER PROPERTY, MEXICO
Toronto, Canada (January 20, 2026) - Mammoth Resources Corp. (TSX-V: MTH), (the “Company”, or
“Mammoth”) is pleased to announce the results of voting from its annual and special meeting of
shareholders, which was held yesterday via Zoom conference facility (the “Meeting"). All matters submitted to
shareholders for approval as set out in the Company's Notice of Meeting and Information Circular, dated
December 10, 2026, were approved by a majority of votes cast. The matters to be voted upon in this meeting
include the following.
Election of Six Directors - shareholders elected the following slate of Directors: Thomas Atkins, Paul O'Brien,
Jose Antonio Berlanga Balderas, Edgardo Espinosa Velasco, Jose Antonio Berlanga Lopez, and Richard
Simpson.
Appointment of Auditors - appointment of Kreston GTA, Chartered Accountants as auditors of the Company
for the ensuing year, with their remuneration to be fixed by the Board of Directors.
Confirmation of the Company Stock Option Plan - shareholders approved the Company's rolling 10%
stock option plan.
It should be noted that the Company has previously approved an Advance Notice Policy dealing with the
nomination of Directors at an Annual General Meeting. A copy of the Company’s Advance Notice Policy was
attached to the Information Circular to this Meeting.
Update on Activities at the Tenoriba Gold-Silver Property and Other Corporate Initiatives
During the past months Mammoth’s geological team, in consultation with various contractors, have advanced
steps towards the planning and permitting to facilitate both: (i) a resource definition drill program to confirm
gold-silver mineral resource at the Company’s 100% owned Tenoriba exploration project following the greater
than one million ounce gold equivalent Target for Further Exploration as identified in prior in-house and
independent studies (refer to press releases dated May 15, 2024 and November 21, 2024, on Mammoth’s
website at: www.mammothresources.ca, under the 2024 “News” folder), together with: (ii) studies to confirm
potential gold-silver recoveries from a coarser fraction heap leach metallurgical test and identify potential
draw-points from areas of elevated grade, from which to source material for pilot, small-scale gold-silver
production within the Carneritos area of the Tenoriba property (refer to press release dated February 27, 2025
on Mammoth’s website at: www.mammothresources.ca, under the 2025 “News” folder).
In addition to these activities at Tenoriba, the Mammoth team, together with its strategic partner RM Mineria,
are advancing the acquisition of near to immediate-term, precious and precious with base metal, operating
mines. The team has had extensive discussions and has advanced various stages of due diligence and hopes
to advance these opportunities to a stage where an announcement can be made identifying such opportunities
in the near future.
Thomas Atkins, President and CEO of Mammoth commented on the various activities being advanced
by the Company, stating: "We acknowledge that several months have passed since our last press release
discussing project activities. I appreciate the patience and understanding of our shareholders during this time
as we have been busy reestablishing the company to advance its Tenoriba project following an absence from
the property during the past couple of years, while the equity capital markets proved difficult to raise capital for
mineral exploration. With gold and silver prices reaching new highs in the past months and with our strategic
alliance with RM Mineria we feel confident we are better positioned to both advance Tenoriba and to seek and
acquire other near-term to imminent precious and precious with base metal operating mine opportunities in
Mexico. We look forward to announcing advancements in these opportunities in the future.”
About Mammoth Resources:
Mammoth Resources (TSX-V: MTH) is a precious metal mineral exploration Company focused on
acquiring and defining precious metal resources in Mexico and other attractive mining friendly
jurisdictions in the Americas. The Company holds a 100% interest (subject to a 2% net smelter royalty
purchasable anytime within two years from commencement of commercial production for US$1.5
million) in the 5,333-hectare Tenoriba gold property located in the Sierra Madre Precious Metal Belt in
southwestern Chihuahua State, Mexico. Mammoth is seeking opportunities to invest in additional
exploration and development projects in the Americas on properties it deems to host above-average for
economic concentrations of precious metals mineralization. Mammoth recently entered into a strategic
alliance with RM Mineria S de RL de CV of Mexico in pursuit of additional project development
opportunities.
To find out more about Mammoth Resources and to sign up to receive future press releases, please
visit the company's website at: www.mammothresources.ca., or contact Thomas Atkins, President and
CEO at: 416 509-4326.
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.
Forward Looking Information: This news release may contain or refer to forward-looking information. All
information other than statements of historical fact that address activities, events or developments that the
Company believes, expects or anticipates will or may occur in the future are forward-looking statements;
examples include the listing of its shares on a stock exchange and establishing mineral resources. These forward-
looking statements are subject to a variety of risks and uncertainties beyond the Company's ability to control or
predict that may cause actual events or results to differ materially from those discussed in such forward-looking
statements. Any forward-looking statement speaks only as of the date on which it is made and, except as may be
required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-
looking statement, whether as a result of new information, future events or results or otherwise. Although the
Company believes that the assumptions inherent in the forward-looking statements are reasonable, forward-
looking statements are not guarantees of future performance and, accordingly, undue reliance should not be
placed on these forward-looking statements due to the inherent uncertainty therein.