SOURCE: Mammoth Energy Group, Inc.

Mammoth Energy Group, Inc.

November 18, 2011 18:07 ET

Mammoth Energy Group Releases Information on Concentration Levels at Laguna Lagunilla

NEW YORK, NY--(Marketwire - Nov 18, 2011) - Mammoth Energy Group Inc. (PINKSHEETS: MMTE), a lithium and alternative energy mining company, announced today that its wholly owned subsidiary Compania Lithium Investments Limitada of Chile has announced its concessions located at Laguna Lagunilla are located adjacent to one of the leading mining companies in the world.

Historical Lithium concentration levels at Laguna Lagunilla have averaged from 0.019 - 0.154 g/ml of lithium and from 8.95 - 65.3 g/ml of potassium. Certain geological tests have shown that Lithium and Potassium concentration levels combined could be up to 5% of the entire Laguna Lagunilla.

"At Laguna Lagunilla our concessions are located next to one of the leading global mining players in the world," announced William Lieberman, President of Mammoth Energy Group. "Unfortunately due to legal restrictions on press releases we are unable to publicly announce their name," he added.

Mammoth Energy Group's Compania Lithium Investments Limitada has already acquired an initial thirteen lithium concessions for a total of 8,649 acres (3,500 Hectares) in the southern section of the Salar de Maricunga, seven concessions for a total of 4,695 acres (1,900 hectares) in the Salar de Pujsa, 2,471 acres (1,000 hectares) in the Salar del Laco for a total of over 24,000 combined acres throughout Chile. The company is currently in acquisition mode and Compania Lithium Investments Limitada was created to acquire, develop and explore Lithium and mining assets in Chile on behalf of Mammoth Energy Group Inc.

About Mammoth Energy Group Inc. (PINKSHEETS: MMTE)
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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