Black Mammoth Metals Corporation announced that it has completed the Acquisition of IDA Mining Corporation (the "Target") pursuant to a share agreement dated January 18, 2024 between the Company, the Target and Dustin Henderson ("the Vendor"). Pursuant to the terms of the Agreement (USD), the Company will acquire all of the issued and outstanding shares of the Target in consideration for the assignment and assumption of approximately $150,000 in costs incurred by the Vendor in relation to the Option, as defined herein. The Target holds an option to acquire a 100% undivided interest (the "Option") in the America Mine property (the "Property") located in San Bernardino County, California.

The Property consists of 4 patented claims, 31 unpatented Bureau of Land Management ("BLM") claims, and 6 millsite BLM claims. The Target may exercise the Option by making an aggregate of $1,106,500.65 in cash payments, including annual fees of approximately $12,000. The transaction is non-arm's length in nature. There are no royalties, work commitment amounts, finder's fees or share compensation in connection with either the Option or the Acquisition.