Black Mammoth Metals Corporation announced that the Company's completed UAV magnetic survey (the Mag Survey), covering the Company's 1113 hectares (2750 acres) 100% owned Happy Cat gold property (the Property), has indicated significant NW trending faults (the NW Faults) substantially spanning the Property and intersecting the known northerly trending high angle faults (the N Faults). Numerous magnetic anomalies indicative of shallow intrusive structures are present along the N Faults and the NW Faults with the most significant magnetic anomalies located near fault intersections (the Intersections). At many of the Intersections there is a significant magnetic low located along the fault with corresponding magnetic highs located on each side of the fault suggesting that magnetite associated with an intrusive structure may have been destroyed by hydrothermal fluids.

The N Faults, NW Faults and their Intersections warrant follow-up exploration with the intent to refine drill targets, testing: The contact between the intrusive structures and the Paleozoic sedimentary strata, which includes the lower plate Roberts Mountain and upper plate Valmy formations. Areas along faults where hydrothermal fluids may have been present as these fluids are typically associated with gold mineralization in Carlin-type deposits. Faulting on the Property is of the correct orientation and age to have help formed Carlin-type deposits.

The Mag Survey was conducted by MWH Geo-Surveys of Reno, Nevada and covered a total area of over 24 square kms in the southern Ravenswood Mining District at 50m line spacing bearing either east or west at an elevation of approximately 31m above ground level. Geophysics–Minerals of Houston, Texas was contracted to process and interpret the data.