SOURCE: Mammoth Energy Group, Inc.

June 11, 2008 08:30 ET

Mammoth Energy Group, Inc. Announces That Drilling Will Take Place in Similar Area as Other Oil Companies

WINSTON-SALEM, NC--(Marketwire - June 11, 2008) - Mammoth Energy Group, Inc. (PINKSHEETS: MMTE) announces that it will begin drilling in the same area as AGGI and NFX. AGGI, another oil and gas company, had record sales and growth in 2007 with net revenues of $709,894.00 and gross revenues of over $9,000,000.00. Mammoth Energy currently holds 1,400 acres in the same area, as it is looking to exploit the geological values of this area. Mammoth Energy can really benefit from drilling in an area that is rich in oil and gas.

"This area of operation is very hot for oil and energy companies," stated CEO and President Joe Overcash. "This will give Mammoth a chance to get a piece of the action in this area."

Mammoth Energy Group, Inc.

We are focused on developing shallow gas and/or oil 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. We have continuing revenue from our Rogers County, OK project and with the Noble property hopes to develop its strategy with wells that can be drilled quickly and be positioned to grow consistently each month as new wells are brought on-line.

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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