Mr. Dustin Henderson reports

BLACK MAMMOTH METALS IDENTIFIES GEOPHYSICAL DRILL TARGET AND ACQUIRES CLAIMS AT 305 PROPERTY, NV

Black Mammoth Metals Corp. has released the results of a ground gravity survey and a pole-dipole induced polarization (IP) survey with inversion model at the company's 100-per-cent-owned 305 property. The property is situated along the Rabbit Creek trend, Lander county, Nevada, which is a north-south structural zone with approximate length of 220 kilometres (km) and is known to host very large gold deposits, including Turquoise Ridge, Phoenix and Lone Tree mines at its northern end, and the Austin mining district in the south, where the company is actively exploring multiple properties.

The company has also staked nine unpatented lode claims on lands administered by the Bureau of Land Management (BLM). Together with the 40 existing claims, the property now covers a total of approximately 409 hectares (1,012 acres). The property has excellent year-round access off Highway 305, 50 km south of Battle Mountain, Nev.

Gravity and IP survey results

The gravity survey has delineated another prominent gravity high (horst structure) for the company trending in a north-south direction, intersected by a northeast-trending gravity anomaly, which coincides with an overlapping and coherent chargeability high. Historical reverse circulation drill holes (2018 and 2022) on the property spaced approximately one km apart, testing for potential gold mineralization in uplifted Paleozoic rocks beneath volcanic cover, ended in a thick layer of highly silicified and sulphidic volcanics and felsic intrusive rocks. The silicified rocks exhibited characterics of lower-temperature alteration suggesting being at a high level of a potentially mineralized system. The historical hole depths were not deep enough to test the Paleozoic target sequences and there has not been any known drilling at the new drill target area in the south, which is indicated by the company's gravity and IP surveys.

The target concept is based on structural complexity and the identification of prominent gravity blocks, the projection of gold-mineralizing trends onto the property, as well as the presence of McCoy-Cove type host lithologies, such as the Triassic Cane Springs carbonates, which are exposed within a thrust window located slightly north of the property.

The company believes that the continuous sulphide zone may function as a cap layer and as a halo, forming a component of a potential deeper-seated McCoy-Cove carlin-type gold system. The McCoy-Cove gold system, which is proximal to the 305 property and the other mines mentioned on the Rabbit Creek trend, is not indicative of potential mineralization at 305 property.

The company considers the 305 property drill ready subject to completion of a BLM notice of intent.

The (four) east-west IP lines were situated in the south of the property and spaced 300 metres (m) apart.

The gravity survey's 254 stations were spaced 100 m east-west along lines spaced 150 m covering the property, excluding the nine recently staked claims area in the south.

Acquisition terms

The company owns 305 property 100 per cent with no finders' fees, royalties, share compensation or other terms in connection with the acquisition by staking.

Black Mammoth continues to acquire non-core exploration interests in the Western United States, by purchase or staking.

About Black Mammoth Metals Corp.

Since January, 2024, Black Mammoth Metals has acquired a 100-per-cent interest in 26 core properties:

• 305 property, Lander county, Nevada;
• Cupz gold property, Esmeralda county, Nevada;
• West Reveille silver property, Nye county, Nevada;
• Tom's Pediment gold-silver property, Lander county, Nevada;
• Mustang gold-silver property, Nye county, Nevada;
• Ramsey Silver property, La Paz county, Arizona;
• Gallinas rare earth property, Lincoln county, New Mexico;
• Amador silver property, Lander county, Nevada;
• Big Bear copper property, Gila county, Arizona;
• Zulu gold property, Gila county, Arizona;
• Northern Star property, La Paz county, Arizona;
• Coal Canyon gold property, Pershing county, Nevada;
• Island Mountain gold district (including Coleman Canyon, St. Elmo and Diamond Jim (Ag (silver), Pb (lead), Zn (zinc) Sb (antimony)), Elko county, Nevada;
• Clover high-grade gold property, Elko county, Nevada;
• Leadore silver-lead-REE (rare earth element) property, Lemhi county, Idaho;
• East Reveille gold property, Nye county, Nevada;
• America Mine gold property, San Bernardino, Calif.;
• Quito gold property, Lander county, Nevada;
• South Ravenswood gold district (including the Raven and Happy Cat properties), Lander county, Nevda (Happy Cat was purchased prior to January, 2024);
• Callaghan gold district (including the North Callaghan, Charlie, Cottonwood and Rast properties), Lander county, Nevada.

Black Mammoth also has a 100-per-cent interest in the Blanco Creek gold property in the Elk Creek mining district, central Idaho, which hosts three historic underground mines along 3,550 m (11,644 feet) of strike on the northeast-trending regional Blanco shear zone.

Mark J. Abrams, CPG No. 11451, a qualified person as defined under National Instrument 43-101, Standards of Disclosure for Mineral Projects, and director of Black Mammoth, has reviewed and approved the technical content in this news release.

We seek Safe Harbor.