SOURCE: Mammoth Energy Group, Inc.

Mammoth Energy Group, Inc.

October 13, 2010 14:39 ET

Mammoth Energy Group Congratulates the Government of Chile, the Mining Ministry and All Rescue Personnel Worldwide for a Tremendous Effort

Rescue of San Jose Miners a Modern Miracle

NEW YORK, NY--(Marketwire - October 13, 2010) -  Mammoth Energy Group Inc. (PINKSHEETS: MMTE), a lithium and alternative energy mining company with concessions located near Copiapo, Chile, would like to extend its appreciation and admiration to the government of Chile, to the office of the President Sebastien Pinera, to the office of the Minister of Mining Laurence Golborne, and to all the dedicated men and women around the world who have been involved in this miraculous recovery of all thirty-three miners.

"We are amazed, delighted and speechless for the recovery efforts that have taken place," said William Lieberman, President of Mammoth Energy Group. "The efforts of everyone involved have brought back everyone so far safely and it is an incredible miracle of engineering and science that just occurred. On behalf of Mammoth Energy Group and our shareholders who so diligently are focused on the region in the Atacama, we would like to extend the best wishes to all the miners, their families and wish them all a very speedy recovery. This is a wonderful day," he added. 

Mammoth's lithium concessions consist of 1008 acres in the Salar de Maricunga. Preliminary results of drilling and chemical analysis from its project under development has returned results and confirmed the presence of lithium - potassium brine bearing aquifers. Brine Concentrations averaged grades of 650 ppm (parts per million) for lithium and 9500 ppm for potassium. These results confirm a significant third dimension to surface brines sampled on the project. The brine chemistry in the first test wells compares favorably to other Lithium companies in the region including the large multi-national Lithium producers whose estimates in the Atacama and throughout the region average 500 to 750 ppm Lithium and 9000-10000 ppm for potassium.

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.

These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations, assumptions, estimates and projections about the company and the industry. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or to changes in its expectations, except as may be required by law. Although the company believes that the expectations expressed in these forward-looking statements are reasonable, management cannot assure the public that their expectations will turn out to be correct, and investors are cautioned that actual results may differ materially from the anticipated results.

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