Mammoth Resources Corp. provided an update on its drill targeting activities¸ recent field activities and timing to commence drilling at its 100% owned Tenoriba gold-silver property located in the prolific Sierra Madre precious metal belt, Mexico. The company has extended drill targets an additional 1.7 kilometres (km), for a total of over 4.0 km from its previously announced initial 2.4 km of the 3-dimensional (3D) modelling of its infill, Induced Polarization/Magnetometer (IP/Mag) geophysical survey. The 3D modelling shows drill target opportunities in five areas (TA-1 to TA-5) plus enhanced areas (TA- 3(a) and (b)) within larger target areas over this greater than 4.0 km trend of surface gold-silver mineralization at Tenoriba. The most recent drill targeting has added the TA-5 target, an 800 metre (m) to 1.2 km trend within the El Moreno area. Mammoth drilled four holes in this area in 2018, testing only 200 m of IP/Mag geophysics surveyed in three geophysical lines spaced at 100 m intervals along the east-west trend. Of these four holes, two intersected compelling intervals of gold-silver and copper mineralization, including: Hole TEN 17- 01 - 40 m grading 0.79 grams per tonne (g/t) gold equivalent (Au Eq wherein silver is converted to gold at ratio of 75 g/t silver = 1 g/t gold), and Hole TEN 17- 02 - 7.2 m grading 3.6% copper plus 0.68 g/t Au Eq. It was at El Moreno where coarse gold nuggets were recently panned. This target area remains open to the west beyond the limits of the IP geophysics survey. Recent work also extended the TA-3(b) target area 500 m further east in the Carneritos East area. The Carneritos East target area remains open further east beyond the limits of the IP geophysical survey. Recent work also extended the TA-3(b) target area 500 m further east in the Carneritos East area. The Carneritos East target area remains open further east beyond the limits of the IP geophysical survey. For the location of these target areas please refer to - "Location Map - Drill Target Areas, Tenoriba Project (over colour contoured Total Magnetic Intensity - 50 metre survey depth)", wherein the combination of anomalously high IP-geophysical resistivity, chargeability and low magnetic relief (colour contoured base map, green-blue is low magnetic relief) are observed over the entire >4 km area of infill IP geophysics and almost 6 km of Mag geophysics and occur in combination with anomalous gold in soil, rock chip and drill hole intervals. Please refer to the Description of Target Areas, below in this press release and in the initial drill targeting press release dated May 13, 2021, wherein geophysical characteristics are discussed in the context of their application to the hydrothermal system at Tenoriba and other gold-silver mineralized features.