Mammoth Announces Closing First Tranche $545,548 of Its Previously Announced, Upsized $980,000 Private Placement

Exchange Tower

410 - 150 York Street

Toronto, Ontario

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www.mammothresources.ca

FOR IMMEDIATE RELEASE: July 23, 2025 No. 04/25

MAMMOTH ANNOUNCES CLOSING FIRST TRANCHE

$545,548 OF ITS PREVIOUSLY ANNOUNCED, UPSIZED

$980,000 PRIVATE PLACEMENT

Toronto, Canada (July 23, 2025) - Mammoth Resources Corp. (TSX-V: MTH), (the “Company”, or

“Mammoth”) is pleased to announced receipt of TSX Venture Exchange (the “Exchange”) approval for

a first tranche closing of 21,821,902 units, consisting of one common share and one-half common share

purchase warrant (a “Unit”) for gross proceeds of $545,548 of its recently announced, upsized private

placement of up to 39 million Units, for gross proceeds of up to $980,000. The upsized Private Placement

is at the same terms as the previous announcement of the Company’s Private Placement, wherein each

Unit offered at a price of $0.025 per Unit, consists of one common share of the Company (a "Common

Share") and one-half Common Share purchase warrant (the "Warrant"). Each Warrant will entitle the

holder thereof to acquire one Common Share until eighteen months following closing of the Private

Placement, at an exercise price of $0.05. The closing date of the first tranche of the Private Placement is

July 23, 2025.

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 other opportunities to option exploration

projects in the Americas on properties it deems to host above average potential for economic

concentrations of precious metals mineralization.

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.