Mammoth Announces Signing of Drill Contract with up to 60% of Cost Payable with Company Shares and Drill Contractor’S Investment into Recently Announced Private Placement

Exchange Tower

410 - 150 York Street

Toronto, Ontario

M5H 3S5 Canada

www.mammothresources.ca

FOR IMMEDIATE RELEASE: February 15, 2017 No. 04/17

MAMMOTH ANNOUNCES SIGNING OF DRILL CONTRACT WITH UP TO 60% OF COST

PAYABLE WITH COMPANY SHARES AND DRILL CONTRACTOR’S INVESTMENT INTO

RECENTLY ANNOUNCED PRIVATE PLACEMENT

Toronto, Canada (February 15, 2017) - Mammoth Resources Corp. (TSX-V: MTH), (the

“Company”) would like to announce that it has signed a contract with a Mexican drill contractor

following site due diligence whereby the contractor has committed to drill at least 2,500 metres of

diamond drill core on Mammoth’s Tenoriba, High Sulphidation precious metal property located in the

Sierra Madre region of Chihuahua State, Mexico with from 30 to 60 percent of the cost of the contract

to be paid for in common shares of Mammoth, subject to TSX approval. The Company would also like

to announce that the contractor has subscri bed for the Company’s recently announce Private

Placement of a Unit consisting of one common share and one common share purchase warrant with

each warrant exercisable for a period of 18 months following closing of the private placement, at an

exercise price of $0.12.

Thomas Atkins, President and CEO of Mammoth commented on this agreement and

investment stating : “The Company has built a strong relationship with this drill contractor and the

senior executive of this contracting firm, himself having studied and worked as a geologist, upon

seeing the potential of the Tenoriba property was keen to consider a structure whereby his firm could

assist us in the challenge of raising capital for drilling while at the same time gain some exposure to

the success of the drill program and the advancement of exploration at Tenoriba. We think this can be

a win-win situation and are very pleased to arrive at such an agreement. Following the field program

which is expected to start shortly at Tenoriba and will include trenching and road access and pad

construction to facilitate drilling, Mammoth hopes to begin an approximate 2,500 diamond drill

program to test various targets on the property. As a result of this agreement with the contractor the

Company will be required to raise far less capital in the equity market for this program. We’re equally

pleased that the contractor has shown confidence in the Company and the Tenoriba project by

investing in the recently announced Private Placement.”

About Mammoth Resources:

Mammoth Resources (TSX-V: MTH) is a mineral exploration company focused on acquiring and

defining precious metal resources in Mexico and other attractive mining friendly jurisdictions in the

Americas. The Company has an option to acquire 100% in the Tenoriba Property located in the Sierra

Madre Precious Metal Belt in southwestern Chihuahua State, Mexico. The company continues to seek

other option agreements in the Americas on other 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.

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 c ontain or refer to forward-looking information. All

information other than statements of historical fact t hat address activities, events or developments that the

Company believes, expe cts or anticipates will or may occur in t he future are forward-looking statements;

examples include the listing of its shares on a stoc k 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 resu lts to differ materially from those discussed in such

forward-looking statements. Any forward-looking statement sp eaks only as of the date on which it is made and,

except as may be required by applic able securities laws, the Company disclaims any intent or obligation to

update any forward-looking statement, w hether as a result of new informat ion, future events or results or

otherwise. Although the Company believes that the assump tions inherent in the forw ard-looking statements are

reasonable, forward-looking statement s 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.