Mammoth Announces Results from Ground Geophysics Survey Indicating Numerous Targets at Depth Coincident With Surface Minerali...

Mammoth Resources Corp. (TSX VENTURE:MTH) is pleased to report the results of a
pole-dipole induced polarization (IP) and magnetic ground geophysics survey at
its Tenoriba property located in the state of Chihuahua, Mexico. The magnetic
survey has assisted in confirming the presence of east-west, east northeast and
locally northwest trending structures (faults) which Mammoth geologists based on
their mapping and sampling work has identified as controls for gold-silver
mineralization. The IP survey also assisted in identifying these same structures
with strike lengths of greater than 100 metres up to as much as 600 metres and
in most cases these remain open beyond these lengths. A few of these structures
are closely associated to artisanal mine workings (e.g. at El Moreno). These IP
axes once more appear to confirm at depth the same features as were identified
by company geologists mapping & sampling gold-silver mineralization and
alteration controls on surface. Areas of specific interest are identified in
Figure 1, Tenoriba Geophysics Survey Results, Zones A, B and C. Additional areas
of interest are similarly identified on this figure between and to the north and
south of these zones.


Thomas Atkins, President and CEO of Mammoth commented on the results from the
geophysics survey stating: "We initiated the geophysics survey on approximately
half of the large 15 square kilometre anomalous gold in soil area in which our
mapping and sampling produced numerous attractive gold and silver assay values.
We're very pleased with these results. The geophysics has illustrated strong
correlation at depth with alteration and mineralized features mapped on surface
which are prime drill targets. Beyond the specific targets identified in the
survey, there is a large 1.2 kilometre long area between the El Moreno and
Masuparia grid that has not yet been surveyed, which may be the continuity of
features observed at El Moreno and Masuparia. We also have yet to survey the
Cerro Colorado area to the west of El Moreno. The next logical step in the
development of the property is to drill test targets from this survey. Drilling
will validate geophysics as a tool to assist us in identifying mineralized
zones, the nature and extent of mineralization at these targets prior to
additional geophysics being performed to cover the remainder of the property. We
plan to initiate steps to advance this first phase drill program in the coming
weeks. As we embark on this drilling it is important to remember that Masuparia
Gold Corp. in 2008 drilled blind, targeting only surface features, and yet
reported attractive results in 10 of 15 drill holes."


Mr. Atkins, will be attending the Cambridge House Vancouver Resource Investment
Conference January 19th - 20th occupying booth no. 1811. Mr. Atkins looks
forward to meeting investors and discussing these results at the conference.


Review of Results from the Geophysics Survey 

The geophysical surveys were carried out by Geofisica TMC S.A. de C.V. of
Mazatlan, Sinaloa, Mexico from October 8 through November 14, 2013. The surveys
were performed over three grids, each grid consisting of north-south oriented
lines spaced at 100 metre intervals. Line lengths varied from 1.2 kilometres to
2.5 kilometres often depending on topography and ease of access to survey. A
total of 32.2 linear kilometres were surveyed. Lectures (reading sites) were
taken at every 50 metres along the lines for the IP survey and the magnetic
survey was performed by continuous GPS lectures. The IP pole-dipole
configuration selected for the survey produces an approximate maximum survey
depth of 250 metres. The target areas covered were El Moreno (3 lines),
Masuparia grid (7 lines) and Los Carneritos (10 lines) (refer to Figure 1,
Tenoriba Geophysics Survey Results). 


Mammoth personnel are currently reviewing the interpretation of the survey
results performed by Joel Simard (Geofisica TMC's contract geophysicist) and his
recommendations. It is expected that targets for drill testing will be selected
after this detailed review and a subsequent surface verification. It is worth
noting that Masuparia Gold Corp., in 2008 drilled 15 diamond drill holes testing
an approximate 1.5 by 1.5 kilometre area in the centre of a 15 square kilometre
anomalous gold in soil area. Masuparia reported results from 10 of the 15 holes
drilled, with all 10 holes having intersections grading greater than 0.5 grams
per tonne (gpt) gold, of which the highest grade intersection was in drill hole
TDH-07 grading 45.90 gpt gold over 1.9 metres and of which the thickest
intersection was TDH-14 grading 0.5 gpt gold over 66.0 metres (refer to press
release available on SEDAR, Masuparia Gold Corp., June 30, 2008).


Magnetic Survey 

The 'total field' and 'reduced to poles' magnetic survey interpretations exhibit
distinct magnetic domains which are interpreted to be delimited by east
northeast and east-west structures (faults). In addition, the first vertical
derivative confirmed the presence of east-west, east northeast and locally
northwest trending structures, which the company's mapping and sampling has
identified as gold-silver mineralized and alteration controls (silica, dickite
alteration clay). The strongest anomalies (AM-8, 9, 10 and 11 - refer to Figure
1) are located to the south of Masuparia and Los Carneritos grid and appear
related to the contact of the monzonite and diorite intrusives. In the northern
part of Los Carneritos the anomalies have wavelengths indicative of a shallow
source and clearly mimic the shape of the mapped strata-bound chaotic volcanic
breccias which to date are the best host rock for gold-silver mineralization and
altered volcanics (vuggy silica, silica, dickite alteration clay) on the
property.


IP Survey 

Similar to the magnetic survey results, east northeast and northwest and minor
northeast IP axes (anomalous chargeability and/or resistivity survey results)
can be clearly interpreted. These anomalies range from less than 100 metres up
to 600 metres in strike length and in most case remain open along strike. The
orientations of these IP axes are consistent with the gold-silver mineralized
and altered volcanics (vuggy silica, silica, dickite alteration clay) mapped and
sampled by company geologists from surface and in some case could be
lithological in origin. A few of the IP axes are closely associated to artisanal
mine workings (e.g. El Moreno). These IP axes confirm our surface mapping and
sampling where gold and silver values in excess of 0.3 gpt gold have been
encountered in highly altered volcanic rocks. The chargeability can be
associated to the presence of sulfides and the resistivity to the degree of
silica alteration, both of which may be indicative of gold-silver, precious
metal mineralization. The strongest chargeability IP axes are located in the
southern parts of the Masuparia and Los Carneritos grids most likely reflective
of the contact with the monzonite-diorite composition intrusive (one of the
possible sources of the gold-silver observed in other areas of the property),
observed in this area. 


The next step in the development of the property is to drill test targets from
this survey. Drilling should help validate observed features from the geophysics
survey and assist in validating the geophysics as a tool to assist in
identifying mineralized zones as well as demonstrating the precious metal
composition of these targets. We plan to initiate steps to advance this drill
program in the coming weeks. 


Mammoth would like to report the issuance of 279,000 options exercisable at
$0.05/share to certain insiders of the company under the terms of the Company's
option plan. 


Qualified Person / Quality Controls: 

Richard Simpson, P.Geo., Vice-President Exploration for Mammoth Resources Corp.
is Mammoth's Qualified Person, according to National Instrument 43-101, for the
Tenoriba property and is responsible for and has reviewed any technical data
mentioned in this news release. 


About Mammoth Resources:

Mammoth Resources (TSX VENTURE:MTH) is a mineral exploration company focused on
acquiring and defining precious metal resources in Mexico and other attractive
mining friendly jurisdictions in the Americas. The Company has an option to
acquire 100% in the Tenoriba Property located in the Sierra Madre Precious Metal
Belt in southwestern Chihuahua State, Mexico. The company continues to seek
other option agreements in the Americas on other properties it deems to host
above average potential for economic concentrations of precious metals
mineralization. 


To find out more about Mammoth Resources and to sign up to receive future press
releases, please visit the company's website at www.mammothresources.ca.


Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.


Forward-Looking Information: This news release may contain or refer to
forward-looking information. All information other than statements of historical
fact that address activities, events or developments that the Company believes,
expects or anticipates will or may occur in the future are forward-looking
statements; examples include the listing of its shares on a stock exchange and
establishing mineral resources. These forward-looking statements are subject to
a variety of risks and uncertainties beyond the Company's ability to control or
predict that may cause actual events or results to differ materially from those
discussed in such forward-looking statements. Any forward-looking statement
speaks only as of the date on which it is made and, except as may be required by
applicable securities laws, the Company disclaims any intent or obligation to
update any forward-looking statement, whether as a result of new information,
future events or results or otherwise. Although the Company believes that the
assumptions inherent in the forward-looking statements are reasonable,
forward-looking statements are not guarantees of future performance and,
accordingly, undue reliance should not be placed on these forward-looking
statements due to the inherent uncertainty therein.


To view "Figure 1. Tenoriba Geophysics Survey Results", please visit the
following link: http://media3.marketwire.com/docs/922486.jpg.  


FOR FURTHER INFORMATION PLEASE CONTACT: 
Mammoth Resources
Thomas Atkins
President & CEO
[e-mail]
www.mammothresources.ca