MTH Mammoth Resources Corp

Mammoth Resources Corp. (TSX VENTURE:MTH) is pleased to announce that it has
posted a technical report summarizing historical and recent work performed on
its Tenoriba Property, located in the prolific Sierra Madre precious metal belt
in south western Chihuahua state, Mexico (refer to the company's web site
www.mammothresources.ca, for a detailed location map). The technical report
provides a review of all known historical work performed on the property and all
work performed by Mammoth Resources until the end of 2013. The report recommends
drilling geophysical targets and continuing metallurgical testing of precious
metal enriched cyanide leachable material on the property.


Thomas Atkins, President and CEO of Mammoth Resources commented on the report,
stating: "It's clear to us, as we compile all of the information that has gone
into this report, that we have a large 15 square kilometre area of enriched gold
and silver mineralization occurring at Tenoriba. The combination of the precious
metals, with various geochemical relationships with gold and silver
mineralization from over 600 samples analyzed by Mammoth and at least an equal
amount by its predecessors, that we are in a relatively shallow elevation, high
sulphidation, epithermal system. The implications of the shallow system are that
we believe there's excellent potential to intersect intriguingly precious metal
mineralized rocks at depth similar to what was previously intersected in
drilling performed in 2008. The recently completed geophysics program, although
the results are not covered in this report, has provided some terrific drill
targets. We're currently defining these drill locations and expect to report on
these targets and details of a drill program, shortly."


Summary of the Findings of the Technical Report

A field work program was conducted on the Tenoriba property during 2012 and 2013
by Recursos Mineros Mamut S.A. de C.V. (100% owned Mexican subsidiary company of
Mammoth Resources Corporation). The results of this work are combined with
historical data generated by Masuparia Gold Corp., from work performed in 2007
and 2008, including diamond drill results from 15 drill holes drilled in 2008.
Mamut geologists began a field mapping and sampling campaign in October 2012. As
at the date of writing of the report a total of 628 rock surface samples, 10
bulk leachable gold (BLEG) type stream sediment samples and 100 Terraspec
samples have been collected and analysed by ASL CHEMEX LAB with sample
preparation performed in Chihuahua, Chihuahua state Mexico and the pulps assayed
in Vancouver, Canada. Specific details of the analysis and QA/QC measures taken
in such analysis, are provided in the report. The report was authored by Richard
Simpson, Mammoth's Vice President Exploration and the company's Qualified
Person. Except for the lack of independence from Mammoth, which Mr. Simpson
holds as a result of his position with the company, the company believes the
technical report would conform to NI-43-101 quality standards.


Field work during the period covered by the report identified property geology
dominated by the Late Cretaceous/Tertiary aged felsic volcanic rocks of the
Sierra Madre Occidental, dominantly underlain by felsic volcanic rocks of
Tertiary age, consisting of felsic volcaniclastic rocks (tuffs, Ignimbrites,
volcanic breccias), which are intruded by granodioritic to dioritic composition
intrusive bodies. Small felsic and intermediary dykes have also been noticed but
generally their locations have not been mapped in detail.


Specific target areas identified to date within this large 15 square kilometre
precious metal (gold and silver) mineralized area include, from west to east:
Cerro Colorado, El Moreno, Masuparia area and Los Carneritos. These target areas
can be described mainly as shallow high sulphidation epithermal targets hosted
by a highly altered (argillic and silica alteration) upper volcanic sequence.
The mineralization is closely associated to the silica alteration, including
local vuggy silica and clay minerals associated with mineralization, including:
dickite, kaolinite, illite and halloysite. Only minor sulphide has been
identified on surface. East-northeast to almost east-west, plus northeast,
northwest and almost north striking and generally steeply dipping normal faults
are the main interpreted ore controls. On the periphery of these priority areas
and generally beyond the 15 square kilometre area of enriched precious metal
mineralization, an additional, lesser explored targets targets include: Arroyo
Verde, La Verde, Rincon Colorado and the area of La Quemada where polymetallic
enriched viens are noted.


Although company geologists have divided the target areas into separate targets
for ease of identification, there is nothing evidenced on surface, in the
stratigraphy or lithologies in which these targets exist, that would suggest
that these target areas are not connected at depth, having only been separated
either by faulting or simply a lack of outcrop evidencing their relationship one
to the other.


In addition to elevated and ubiquitous occurrences of gold and silver there are
a number of compelling characteristics to the rocks sampled that are commonly
associated with high sulphidation epithermal precious metal systems. These
characteristics occur in strong association with stratigraphic controls to
mineralization. These associations are the most compelling evidence that the
Tenoriba targets are part of a shallow elevation, high sulphidation epithermal
mineralizing system. The shallow elevation of the system observed on surface
implies that feeder systems, responsible for precious metal enrichment to this
shallow system mapped and sampled on surface, could occur at depth. 


Characteristics observed from the surface mapping and sampling that are common
in high sulphidation systems, include:




--  An overall lack of copper and other base metals (zinc and lead),
    indicating a high elevation system; 
    
--  Samples that are enriched in gold and silver frequently assay elevated
    levels of mercury, antinomy and arsenic; 
    
--  The silver to gold ratio is low, tending towards approximately 12 to 16;
    and 
    
--  Where samples assay enriched gold and silver values (greater than 1.0
    g/t gold equivalent) these samples are associated with high tellurium
    and high tellurium over selenium ratios (Masuparia compiled rock chip
    assay results which show this relationship). 



In addition to these geochemical relationships observed at Tenoriba and common
in high sulphidation epithermal systems, precious metal mineralization in the 15
square kilometre area is closely associated with silica alteration and
ubiquitous occurrences of vuggy silica texture. Clay minerals, including
dickite, kaolinite, illite and halloysite are also strongly associated ith
precious metal mineralization in these areas, offering further support of the
high sulphidation categorization of precious metal mineralization at Tenoriba. 


The potential within the 15 square kilometre area of elevated and ubiquitous
gold and silver to host a large precious metal deposit is compelling given the
abundance of precious metals sampled within this large surface area. 


Beyond mapping the geology and structures on the property and sampling many
potential occurrences of precious metals, geologists also investigated some of
the metallurgical characteristics of these rocks. The objective in studying the
metallurgical characteristics was to gain some knowledge of the potential
processes available for the extraction of these precious metals should the
mineral resource be shown to contain a sufficient amount and concentration of
precious metal to warrant their recovery and to help guide stages of future
exploration. 


Given the abundance of gold on the surface, it is logical to consider that it
may be possible to mine the precious metals via an open pit which in combination
with heap leach precious metal extraction and recovery, could have the potential
for a low capital and operating cost type operation. Understanding this
potential early in the exploration process could have implications for how to
most efficiently explore the property and possibly develop precious metal
resources (drill hole spacing, grade of potentially significant drill hole
intersections). 


Preliminary petrographic work on some select drill core intervals demonstrated
the presence of free gold on the periphery of sulphide grains and within
fractures in these sulphide grains, illustrating the 'free' nature of gold in
these occurrences. The presence of free gold that is amenable to cyanide
leaching was further illustrated as Mamut geologists conducted an in-depth
sampling of various core intervals at a variety of depths and grades, plus
various samples collected from surface. Agitated cyanide leach bottle roll tests
of these samples resulted in high, often rapid (often in less than 12 hours),
recoveries of precious metals (often greater than 90 percent recovery) to
vertical depths of as much as 60 metres, with the occasional, high recoveries
(generally below 70 percent) at greater depths and requiring greater time (up to
72 hours).


These results bode well for precious metal recovery in a cyanide leach-type
setting such as a heap leach operation. 


Recommendations for future work, include:



--  Additional mapping of the four priority areas; Cerro Colorado, El
    Moreno, Masuparia area and Los Carneritos with particular attention on
    the structural controls in these areas with the objective of better
    understanding these structural controls and there possible association
    to precious metal mineralization. The cost of such work is estimated at
    approximately CDN$25,000. 
    
--  Perform a ground induced polarized (IP) and ground magnetic (mag) survey
    over the four priority target areas with the objective that the survey
    may assist in identifying structures and the possible roots (feeder
    systems) to enriched precious metal mineralization sampled on surface.
    In addition, the survey may assist in identifying extensions to
    Masuparia's precious metal enriched drill intercepts. Approximately 100
    linear kilometres of geophysical lines spaced 100 metres apart, one from
    the other would be needed to cover the four priority target areas, plus
    the Arroyo Verde target. It is recommended that the survey be performed
    in two phases in order to test the application of geophysics as a tool
    to determine precious metal feeders and structures at depth. Phase one
    areas should be prioritized for this potential. The first phase
    (approximately 32 linear kilometres) being programmed will cover the
    core of Los Carneritos, the Masuparia area and portions of the El Moreno
    target areas. As of the writing of this report, the first phase of this
    survey has been performed by Geofisica TMC of Mazatlan, Mexico. The cost
    of the 32 kilometre line kilometres of ground IP and mag, including
    mobilization and de-mobilization plus field support was approximately
    CDN$100,000. The company intends to post the results of this survey,
    complete results of which were not available as of the timing of the
    writing of this report, on its website once available. 
    
--  At the Los Carneritos target area, five large outcrops (measuring as
    large as 80 square metres) highly silicified with patchy vuggy silica
    have returned values above 1.0 g/t gold up to 6.41 g/t gold and 34.0 g/t
    silver over 1.0 metre channel sample (sample number 330406). Further
    detailed mapping and sampling along a grid on 5 metres by 5 metres
    sample spacing is recommended to be performed. If sample results warrant
    (if average values over an area sufficient to meet material supply
    requirements), it is recommended that a composite of these samples be
    sent for bottle roll tests to determine leach time, recoveries, cyanide
    consumption and acidity among other measures. Based on these results, it
    is recommended to perform cyanide leach column tests on this material to
    establish the most attractive conditions for heap leaching. Based on
    these results and the availability of material from these sample areas,
    it is recommended that consideration be given to establishing a pilot
    plant heap leach operation to better test the characteristics of heap
    leaching recognizing the cost to revenue potential of such an exercise.
    The first phase of this recommended program began in November 2013 and
    was completed one month later. At present, the company is awaiting assay
    results, not all of which were available as of the writing of this
    report. The cost of the field work and sample analysis for the first
    phase of this recommended program was approximately $10,000. The cost of
    the second phase, bottle roll portion of this work is estimated at
    CDN$15,000. The cost of the column test phase of this recommendation is
    estimated at approximately CDN$15,000. 
    
--  It is recommended that additional road access, especially towards Los
    Carneritos and Cerro Colorado target areas be constructed. This road
    access, in addition to simply facilitating access for people and
    equipment may also provide some additional cuts for exposure of rocks in
    the area for enhanced mapping. The cost of such work is estimated at
    approximately CDN$25,000 - $30,000. 
    
--  It is recommended, based on the results of the geophysics survey, to
    conduct a 2,000 to 3,000 metre first phase reverse circulation (RC) or
    diamond drill campaign to test targets indicated by this survey in
    conjunction with targets identified by the surface work described in
    this report. Prior to initiating any road building and drilling
    activities signed agreements with the local ejidos will be required as
    will various environmental permits. Mamut geologists have begun
    consultation with the representatives of the ejiodos in the area and are
    confident of the ability to attain the cooperation of these ejidos to
    conduct this work. Furthermore, the company will require approval from
    the state government Secretaria del Medio Ambiente y Recursos Naturales
    (SEMARNAT), the Secretariat of Environment and Natural Resources. As of
    the writing of this report, consultations had begun with various drill
    contractors regarding quoting on a program comprising approximately 15
    drill holes totalling 2,500 metres, plus, or minus 500 metres.
    Consultations have also begun with various contractors to assist in the
    writing of the permit application to be presented to the Secretaria del
    Medio Ambiente y Recursos Naturales (SEMARNAT), the Secretariat of
    Environment and Natural Resources for approval to drill. The drafting
    and submission of this report is estimated to cost CDN$5,000 to 8,000. A
    2,000 to 3,000 metre RC program, including mobilization and de-
    mobilization, plus all field support and sample analysis is estimated at
    this time to cost approximately CDN$260,000 to $300,000. 



Of the costs estimated to perform the recommendations of this report, totalling:
CDN$455,000 to $503,000, CDN$110,000 has already been spent on the geophysics
survey and the first phase of the Carneritos outcrop/pilot heap leach sampling.
A balance of $345,000 to $393,000 would be required to be spent to complete the
recommendations of this report. This work, could be performed within a six month
time frame. Ideally the company would like to perform this work prior to the
commencement of the rainy season in the Sierra Madre which tends to become
problematic due to the periods and quantity of rain in mid to late July.


Qualified Person / Quality Controls:

Richard Simpson, P.Geo., Vice-President Exploration for Mammoth Resources Corp.
is Mammoth's Qualified Person, according to National Instrument 43-101, for the
Tenoriba property and is the author of this technical report. 


About Mammoth Resources:

Mammoth Resources (TSX VENTURE: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 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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Mammoth Resources Corp.
Thomas Atkins
President & CEO
tom@mammothresources.ca
www.mammothresources.ca

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