SOURCE: Mammoth Energy Group, Inc.

October 16, 2008 08:30 ET

Mammoth Energy Group, Inc. Announces Pawnee County Well Names

WINSTON-SALEM, NC--(Marketwire - October 16, 2008) - Mammoth Energy Group, Inc. (PINKSHEETS: MMTE) is pleased to announce the names of its Pawnee county wells. Since the last press release, the Company has negotiated an 8th well to its inventory. The well names are Eric Foust 1-9, Eric Foust 2-9, Eric Foust 3-9, Eric Foust 4-9, Eric Foust 5-9, Eric Foust 6-9, Foust/Davis 1-A and Foust #4S. Mammoth Energy Group Inc. owns 3.75% working interest in all eight wells.

Each of the wells was sporadically coming online throughout the month of September, so production was minimal. A total of 137.4 BO was sold for the month. October is showing much better numbers.

"Much of the work has been completed at the Pawnee County site," states CEO Joe Overcash. "Our operator continues to work the wells and is working to improve fluid flow rates by doing fracture treatment."

About Mammoth Energy Group, Inc.

Mammoth Energy Group, Inc. is focused on developing shallow gas projects in northeastern Oklahoma due to the low risk, blanket characteristics in the area that make it possible to drill and produce a well nearly every time. It is currently focused on developing its Pawnee County properties in Oklahoma.

More information is available at the company's website at

Cautionary note: This report contains forward-looking statements, particularly those regarding cash flow, capital expenditures and investment plans. Resource estimates, unless specifically noted, are considered speculative. By their nature, forward-looking statements involve risk and uncertainties because they relate to events and depend on factors that will or may occur in the future. Actual results may vary depending upon exploration activities, industry production, commodity demand and pricing, currency exchange rates, and, but not limited to, general economic factors. Cautionary Note to US investors: The U.S. Securities and Exchange Commission specifically prohibits the use of certain terms, such as "reserves" unless such figures are based upon actual production or formation tests and can be shown to be economically and legally producible under existing economic and operating conditions.

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