SOURCE: Mammoth Energy Group, Inc.

May 18, 2010 08:30 ET

Mammoth Energy Group Announces It Is in Final Discussions

Due Diligence Currently Under Way for Lithium Concessions

NEW YORK, NY--(Marketwire - May 18, 2010) - Mammoth Energy Group Inc. (PINKSHEETS: MMTE) announced today that it is in final discussions with Salt Gold Inter Chile Limitada, of Chile, regarding its Lithium concessions. 

Salt Gold Inter Chile Limitada currently operates in the North West region of the country located in the heart of the Atacama Desert.

"We are moving along diligently and as quickly as possible," announced Mr. William Lieberman, President of Mammoth Energy Group.

About Mammoth Energy Group Inc. (PINKSHEETS:

Mammoth Energy Group Inc is focused on acquiring, developing and operating strategic mining energy reserves in locations throughout the world. With an ever changing shift to alternative energy and fuels Mammoth Energy Group will be prepared to be a leading energy supplier and operator. Mammoth Energy's goal is to become an important partner as the world's energy paradigm begins to change throughout the next decade and beyond.

Forward-Looking Statements
This press release may contain certain forward-looking statements within the meaning of Section 27A of the Securities and Exchange Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended, and such Forward-Looking Statements are intended to be covered by the safe harbors created thereby. Investors are cautioned that all forward-looking statements involve risks and uncertainties. All statements other than statements of historical fact in this announcement are forward-looking statements, including but not limited to the viability of the company's business plans, the effect of acquisitions on our profitability, the effectiveness, profitability, and the marketability of the Company's products; the Company's ability to protect its proprietary information; general economic and business conditions; the volatility of the company's operating results and financial condition; and other risks detailed in the Company's filings with the Securities and Exchange Commission.

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