Day: January 2, 2018

Thomas Atkins, President and CEO of Mammoth commented on the debt settlement and options issuance, stating: “These shares for debt and options are being issued at a 33% premium to the recently closed private placement financing. The settlement of debt for shares, where certain insiders were willing to accept such shares enables this amount to be invested in drilling, With the company soon to begin releasing results from its diamond drill program at the Tenoriba gold-silver property in Chihuahua, Mexico this share for debt and the annual option issuance is timed prior to any news flow on the drilling where black-out periods can occur and to eliminate any risk that the timing of any future share/option issuance may be influenced by knowledge of pending results. The Company expects to report on the results from this drilling in the coming weeks as results become available.”