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MTH.V ·

Mammoth Resources Announces Effective Date of Consolidation of Common Shares ON

Corporate Actions

{4504-001/01458846.DOC.}

Exchange Tower

410 - 150 York Street

Toronto, Ontario

M5H 3S5 Canada

www.mammothresources.ca

FOR IMMEDIATE RELEASE: January 17, 2017 No. 01/17

MAMMOTH RESOURCES ANNOUNCES EFFECTIVE

DATE OF CONSOLIDATION OF COMMON SHARES ON

4 FOR 1 BASIS

Toronto, Canada (January 17, 2017) - Mammoth Resources Corp. (TSX-V: MTH), (“Mammoth”

or the “Company”) is pleased to announce that the TSX Venture Exchange has approved a

consolidation of its common shares (the “Common Shares”) on a 4 for 1 basis. The consolidation was

approved by the Company’s shareholders at the annual general and special meeting held on

December 14, 2016 and as previously announced in a press release dated December 19, 2016. The

consolidation will take effect on Wednesday, January 18, 2017. Assuming no other change in the

issued capital of the Company, it is expected that upon completion of this consolidation, Mammoth will

have approximately 16,133,792 Common Shares is sued and outstanding, reduced from 64,535,168

Common Shares which are currently issued and outstanding.

At the opening of trading on Wednesday, January 18, 2017, the CUSIP number of the Company will

change to 561607300, however the Company’s name and trading symbol will remain the same.

The Company’s options and warrants will also be adjusted on the same basis (4 for 1) as the Common

Shares, with proportionate adjustments being made to exercise prices.

No fractional Common Shares will be issued, and no cash will be paid in lieu of fractional, post-

consolidation Common Shares, options nor warrants. The number of post-consolidation Common

Shares to be received by a shareholder will be rounded down to the nearest whole Common Share

(less than one-half of a share will be cancelled and more than one-half of a share will be changed to

one whole share).

A full description of the consolidation is contained in the Company’s management information circular

dated November 7, 2016, which has been filed under the Company’s profile on Sedar at:

www.Sedar.com dated November 8, 2016.

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.

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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.