Black Mammoth Metals Corporation announced a private placement of up to 3,500,000 units at a price of CAD 0.10 per units for gross proceeds of up to CAD 350,000 on March 8, 2022. Each unit consists of one common share and one common share purchase warrant. Each warrant is exercisable into one common share for a period of two years from the issue date at an exercise price of CAD 0.15 per share.

The securities issued will be subject to a four-month hold period from the date of closing. A finder's fee may be payable in accordance with the policies of the TSX Venture Exchange. The transaction is subject to the approval of the TSX Venture Exchange.