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Mammoth Receives Updated Drill Quote Illustrating Low US$1.70 Per Gold Equivalent Ounce Cost To Drill Initial 500,000 Ounce Exploration Target At Its Tenoriba, Gold-Silver Property, Mexico

Toronto, Canada ( April 16, 2026 ) - TheNewswire - Mammoth Resources Corp. (TSX-V: MTH), (the “Company”, or “Mammoth”) is pleased to announce that based upon updated drill contractor quotes, the Company continues to see a compelling cost relative to potential value that could be created by defining up to 500,000 gold equivalent ounces ("gold Eq") (silver is converted to gold equivalent at ratio of 75 silver to one…

TheNewswire • Apr 16, 2026

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