|February 24, 2012 - Vancouver, British Columbia. Mammoth Resources Corp. (TSXV: MTH) ("Mammoth" or the "Company") announces that pursuant to an agreement dated February 20, 2012 (the "Amended and Restated Option Agreement"), the Company and Yale Resources Ltd. ("Yale") have agreed to amend and restate the terms of the Urique Option Agreement (the "Original Urique Option Agreement") to reflect the terms of the amending agreement dated October 7, 2011 (the "Amending Agreement") and further amendments agreed to by the parties.
The terms of the Original Urique Option Agreement and the Amending Agreement were previously summarized in the Company's news release dated September 14, 2011 and filing statement dated December 14, 2011, both of which are posted on SEDAR.
Pursuant to the Amended and Restated Option Agreement, the parties have agreed to the following further amendments:
About Mammoth Resources Corp.:
Mammoth Resources Corp. (TSXV: MTH) is a mineral exploration company focused on acquiring and defining gold and silver resources in Mexico. The Company has an option to acquire 100% of the Urique Project located in the Sierra Madre Precious Metals Belt, in southwestern Chihuahua State.
For further information, please contact:
Mammoth Resources Corp.
Telephone: (604) 687-3992
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.