Mammoth Announces Third Tranche Private Placement Closing on $554,120

Mammoth Resources Corp. (TSX VENTURE:MTH) would like to announce a third tranche
closing of $283,500 in additional subscriptions for total proceeds of $554,120
on its previously announced private placement financing to include up to
10,000,000 units of the company's shares (the "Units") at a price of $0.05 per
Unit. Each Unit will be comprised of one common share of the Company and one
common share purchase warrant (a "Warrant"). Each Warrant will entitle the
holder to acquire an additional common share of the Company for a period of 24
months from the date of issue at a price of $0.08 per common share for the first
12 months and $0.10 per common share for the following 12 months as permitted by
TSX-V regulations. 


The company may pay a finder's fee on all or a portion of the private placement.
The company intends to use the proceeds from the private placement for
exploration expenditures on its Tenoriba property located in the Sierra Madre
Precious Metal Belt in southwestern Chihuahua State, Mexico (refer to the
company's web site www.mammothresources.ca, for a detailed location map) and for
general working capital purposes. 


The private placement is subject to the approval of the TSX Venture exchange.
All securities issued pursuant to the private placement will be subject to a
statutory hold period of four months and one day. 


Further, the Company has granted 1,020,000 options exercisable at $0.065 per
share for a five year period to certain officers and directors of the Company.


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.


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