Black Mammoth Metals Corp

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION:

This news release may contain “forward-looking statements” under applicable Canadian securities legislation and “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Forward-looking statements in this news release include, but are not limited to, statements regarding the interpretation of exploration results, the identification and advancement of exploration targets, the significance of geophysical and geochemical anomalies, the potential for mineralization at Mustang South, Mustang North and Mustang Main, planned exploration activities, future drilling programs, the receipt and maintenance of permits, and the Company’s ability to continue acquiring and advancing mineral properties.

Forward-looking information and statements are based on certain assumptions and involve known and unknown risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such forward-looking information and statements. These assumptions include, without limitation, that exploration activities will proceed as planned, exploration expenditures will remain available as required, permitting and regulatory approvals will be obtained and maintained on acceptable terms, geological interpretations prove to be accurate, and general market, industry and economic conditions remain reasonably favourable.

Key risks and uncertainties include, without limitation, that exploration activities may not proceed as anticipated; exploration results may not support the Company’s geological interpretations; drill targets may not result in the discovery of economically significant mineralization; permits may be delayed, amended or withdrawn; commodity prices may decline; financing may not be available on acceptable terms or at all; costs may increase; and general market, economic, regulatory and industry conditions may adversely affect the Company’s business, operations and exploration plans. Additional risks are described in the Company’s public disclosure documents filed on SEDAR+ (www.sedarplus.ca) and with the U.S. Securities and Exchange Commission (www.sec.gov).

There can be no assurance that such forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The forward-looking statements herein are made as of the date hereof, and the Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

Neither Nasdaq, the TSXV, nor any securities regulatory authority has approved or disapproved of the contents of this press release.