SOURCE: Mammoth Energy Group, Inc.

Mammoth Energy Group, Inc.

August 22, 2011 11:35 ET

Mammoth Energy Group Responds to Legal Issue

NEW YORK, NY--(Marketwire - Aug 22, 2011) - Mammoth Energy Group Inc. (PINKSHEETS: MMTE), a lithium and alternative energy mining company, announced today that to date the company has not been served any official documentation and there is no pending legal matter against the company.

"While we understand that there are many rumors concerning litigation against the company, let me re-affirm that the company has not been served any documentation relating to this matter," said William Lieberman, President of Mammoth Energy Group. "Our company or any other company for that matter can have claims filed against it; however we feel in this circumstance that what has occurred has been done by interests that are misaligned, and to hurt shareholders and the company. There are no pending liabilities but only positive announcements to come forward regarding the company," 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, and now with the 2,471 acres (1,000 hectares) in the Salar del Laco for a total of just under 16,000 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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