Mammoth Resources Announces $150,000 Private Placement FOR Trenching, Drill Access and IN-Fill Pima Program at Tenoriba Precious Metal Project, Chihuahua, Mexico

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410 - 150 York Street

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www.mammothresources.ca

FOR IMMEDIATE RELEASE: February 7, 2017 No. 03/17

MAMMOTH RESOURCES ANNOUNCES $150,000 PRIVATE PLACEMENT

FOR TRENCHING, DRILL ACCESS AND IN-FILL PIMA PROGRAM AT

TENORIBA PRECIOUS METAL PROJECT, CHIHUAHUA, MEXICO

Toronto, Canada (February 7, 2017) - Mammoth Resources Corp. (TSX-V: MTH), (the

“Company”) would like to announce that it intends to proceed with a non-brokered private placement

of up to 1.875 million units of the Company (the "Units") at an offering price of $0.08 per Unit , for

gross proceeds of up to $150,000 (the “Private Placement”). Each Unit consists of one common share

of the Company (a "Common Share") and one common share purchase warrant (the “Warrant"). Each

Warrant will entitle the holder thereof to acquire one Common Share until 18 months following

closing of the private placement, at an exercise price of $0.12. The Company has set no minimum

number of Units to be distributed and no minimum dollar amount required to be raised in connection

with the Private Placement.

The gross proceeds of the Private Placement will be used to advance exploration activities and some

minor working capital and general corporate expenses, exploration activities to include mechanical

trenching and construction of access to facilitate drilling plus some in-fill mapping and sampling on the

recently announced PIMA geochemical sampling program. In the event of an oversubscription to the

Private Placement, the company may seek TSX Venture Exchange approval for such oversubscription

or may allocate Units on a pro-rata basis to subscribers.

The Private Placement will be conducted in reliance upon British Columbia Instrument 45-534 (the

“Instrument”), which permits an issuer to distribute securities to its existing shareholders, subject to the

terms of the instrument. The TSX Venture Exchange has granted conditional approval for this Private

Placement. The Company has set February 6, 2017, as the record date for the purpose of determining

existing shareholders of the Company who are entitled to purchase Units under the Private

Placement. The TSX Venture Exchange has granted condi tional approval for this Private Placement.

This exemption is not available to shareholders resident in Ontario or Newfoundland, or jurisdictions

outside of Canada. The Company may combine the offering under the instrument with other available

prospectus exemptions, including sales to accredited investors.

The securities issued pursuant to the Private Placement will be subject to a four-month hold period.

The company may pay finders' fees of cash and/or securities on a portion of the 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.