TSXV: MTH August 2020 Disclaimer Investors are cautioned that, - PowerPoint PPT Presentation

Corporate Presentation TSXV: MTH August 2020

Disclaimer Investors are cautioned that, except for statements of historical fact, certain information contained in this document includes forward-looking information. Such information is based on current expectations, estimates and projections formulated using assumptions believed to be reasonable and involving a number of risks and uncertainties which could cause actual results to differ materially from those anticipated. Such factors include, without limitation, fluctuations in foreign exchange markets, the price of commodities in both the cash market and futures market, changes in legislation, taxation, controls and regulations of national and local governments and political and economic developments in countries where the Mammoth Resources Corp. carries out or may carry out business in the future, the availability of future business opportunities and the ability to successfully integrate acquisitions or operational difficulties related to technical activities of mining and reclamation, the speculative nature of exploration and development of mineral deposits located, including risks in obtaining necessary licenses and permits, adverse changes in credit ratings, and the challenge of title. Mammoth Resources Corp. does not undertake an obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws. 2

QUICK FACTS - Corporate Capital Structure: • 39.6 M shares o/s, 42.5 M fully diluted shares (2.9 M options @ weighted $0.06/sh) • 52 week high: $0.06/sh - low: $0.02/sh , 10-day VWAP $0.045/sh = $1.8 M mkt cap Management: • Thomas Atkins, Pres & CEO, director – Spanish speaking geologist, MBA with 30+ years industry experience in exploration, mine development, debt/equity finance, corporate development, investor relations as a corporate and investment banker, senior mining company executive and was CEO of Crowflight Minerals, Castle Gold and War Eagle Mining. • Richard Simpson, VP Exploration, director - P. Geo with 25+ years experience working as project geologist and in mineral project evaluation for mining companies throughout the America, lives in Mexico, fluent French, English and Spanish. • Errol Farr, CFO - Certified Management Accountant with 20+ years mineral company executive and director experience. • Paul O’Brien - director , B. Com and CFA charterholder with 25 years experience in the mining industry, including 7 years in gold equity research covering developing companies to senior producers and precious metals forecasting and 12 years in corporate advisory and investment banking in Canada and Australia 3

QUICK FACTS - Project Development Partner • December 2018 - Mammoth optioned its Tenoriba gold-silver exploration project to Centerra Gold (TSX - CG, $5.0 billion mkt cap). • Centerra to spend US$9.9 M (C$13.8 M) to earn a 70% interest in Tenoriba .  Spend minimum US$5.0 M (C$7.0 M) to earn initial 51% interest : On or before the 1 st anniversary spend > US$500 K;  On or before the 2 nd anniversary total spend > US$1.5 M;  On or before the 3 rd anniversary total spend > US$3.0 M; and  On or before the 4 th anniversary total spend > US$5.0 M;   Having earned 51%, Centerra has a 2 nd option to earn an additional 19% (total 70%) by spending an additional US$4.0 M (C$5.6 M) and complete a PEA level study which identifies a NI 43-101 compliant mineral resource  Mammoth to receive payments totalling US$900,000 (C$1.2 M), including : On signing - US$ 50,000 (paid)  On 1 st anniversary - US$ 60,000 (paid)  On 2 nd anniversary - US$ 70,000  On 3 rd anniversary - US$ 80,000  On 4 th anniversary - US$ 90,000  On earning 2 nd option - US$550,000  4

QUICK FACTS - Valuation/Trading 1 Year US$ Gold • In the past 12 months gold has appreciated 34%, 44% since the start of the year • As the gold price recently strengthened MTH share price has remained constant • Recent MTH bid:ask depth shows that only $35,000 of buying could move MTH share price to $0.10/share • Mammoth financed $167K in Jun/20, $720K in Dec/17 1 Year MTH • The Tenoriba project has had a total of C$5.0 million spent on it to date • The Centerra earn-in commitment values Mammoth’s share of Tenoriba at C$5.9 million Mammoth’s current mkt cap values Tenoriba at 1/3 of project expenditures and the Centerra option 5

QUICK FACTS - Recent Activities 2019 (Centerra spent ~US$500,000) • Option agreement signed late 2018, Centerra began field activities Feb 2019 however community consultation activities with 1 of 2 community groups (“ejido”) beginning April prohibited surface access until early 2020.  Apprehension among < 10 inhabitants of a population of 1,000 / within ejido council negotiating with giant Centerra with all its resources. • It being unwise for Mammoth to speculate on the outcome Mammoth had no news between Feb 2019 to December 2019. 2020 (spend US$1,000,000) • Centerra achieved the surface access agreement in January, agreement ratified in February, exploration activities begin March 2020. • Field work was suspended end of March 2020 due to COVID restrictions • Exploration activities recommence in late May 2020 • Detailed surface mapping and sampling concluded July • H2-2020 plans - drill permit (>70 drill locations), IP-Mag geophysics, diamond drilling 6

Tenoriba Project - Located in Prolific Gold Belt Sierra Madre (2015) 69.6 M oz Au + 2.6 B oz Ag = 95.6 M oz Au Eq resources In the 20 yr period 1995 - 2015 projects totaling 40 M oz Au Eq ( 25 M oz Au / 1.0 B oz Ag ) have been discovered • Dolores - Pan American Silver Corp • Mulatos - Alamos Gold • Pinos Altos - Agnico Eagle • Ocampo - Aurico Gold • Monterde - Kimber Resources • San Miguel - Paramount Gold Corp. • El Sauzal - Goldcorp • Palmarejo - Coeur D ´ Alene Mines Corp . • Alamo Dorado - Pan American Silver Corp • Guanacevi - Endeavour Silver • Topia - Great Panther • La Cienega - Fresnillo PLC 7

Tenoriba Project - Access and Infrastructure • Road and fixed-wing air access to the property, power, water, few inhabitants within 10 km • An estimated $2.0 M was spent in 2007-08:  Stream sediment sampling;  2,600 soil samples over 15 sq km area  15 holes / 2,566 m of diamond drilling • MTH has spent another $3.0M over the past 5 years ($0 spent 2014 - 15 ):  Mapping and sampling  72 km of IP-mag geophysics  PIMA sampling  151 m of channel sampling  13 holes / 2,500 m of diamond drilling Economical gold intersections in 17 of 26 drill holes 8

Tenoriba Project - Location and Infrastructure • Mammoth has earned 100% ownership in 3 concessions covering 3,500 ha and owned outright an additional 1,850 ha (Mapy 3). Area of known mineralization 9

Tenoriba Project - Location Exploration focused on 3 large areas of gold-silver mineralization over a 5 km strike length. Mineralization remains open further to the east and west. OPEN OPEN 10

Tenoriba Project - Metallogenic Model Tenoriba has characteristics common in High Sulphidation-Porphyry systems   Tenoriba Features   • Felsic volcanics & Possible pyroclastics post-erosion • Argillic alteration surface • Silica alteration elevation at • Breccia hosted Tenoriba PORPHYRY SOURCE • Vuggy Silica 11 11

Historic Exploration - Soil Sampling • 2,600 soil geochemical samples identified a large 5 km x 3 km (15 sq km) area with highly anomalous gold in soil . • This gold-silver mineralized area remains open to the east and west OPEN OPEN 12

Historic Exploration - Diamond Drilling • Phase 1 - 15 hole diamond drill program completed in 2008 • Potentially economical grades over attractive widths intersected in 10 of 15 holes drilled Drill Hole Interval Gold From To Number Length (Fire Assay) (metres) (metres) (metres) (gpt) TDH-01 3.50 14.70 11.20 0.54 TDH-07 35.00 51.00 16.00 0.49 61.00 64.70 3.70 5.33 (including) 62.80 62.80 64.70 64.70 1.90 1.90 45.90 45.90 120.50 132.00 11.50 2.26 120.50 132.00 11.50 2.26 (including) 129.50 132.00 2.50 9.21 TDH-11 27.30 67.00 39.70 0.48 (including) 40.80 49.00 8.20 1.45 110.00 144.40 34.40 1.03 110.00 144.40 34.40 1.03 (including) 116.80 124.20 7.40 2.82 (including) 135.00 144.40 9.40 1.37 TDH-12 21.00 46.60 25.60 0.56 4.00 70.00 66.00 0.50 TDH-14 4.00 70.00 66.00 0.50 TDH-15 50.00 62.00 12.00 0.64 13 Note: Drill intersection lengths are not “true thickness”, but rather core length intersections. It is possible that true thickness 13 could be less than the reported core-length intervals. For further information on these drill holes please consult Sedar.com, Masuparia Gold June 30, 2008 Press Release.

2013 / 14 Exploration - Mapping & Sampling ~ 600 chip samples collected with gold-silver concentrated in 3 principle areas along a 5 km east-west trend, open to the east and west 1. Los Carneritos (1.5 x 0.75 km) Of 146 samples assayed, 74% (115 samples) assayed >0.3 g/t gold and an OPEN average grade of 1.56 g/t gold 2. Masuparia (1.5 x 1.5 km) OPEN 3. El Moreno ( (1.5 x 1.0 km) Of 148 samples assayed, 41% , (56 samples) assayed >0.3 g/t gold and an average grade of 2.55 g/t gold 14