Mammoth Resources Corp.
TSX VENTURE : MTH

January 18, 2012 09:30 ET

Mammoth Resources Appoints Vice President, Exploration

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 18, 2012) - Mammoth Resources Corp. (TSX VENTURE:MTH) ("Mammoth" or the "Company") is pleased to announce the appointment of Mr. Richard Simpson to the position of Vice President, Exploration. Mr. Simpson is a Professional Geologist with more than 20 years of exploration experience throughout Latin America. Based in Guanajuato, Mexico, Mr. Simpson will be responsible for leading Mammoth's exploration program at its recently optioned Urique Project located in the Sierra Madre Precious Metals Belt in southwestern Chihuahua State and evaluating additional prospective projects for acquisition.

Mr. Simpson is a graduate from the Université de Montréal in 1990 with a B.Sc. in Geology and is a P. Geo with l´Ordre des Geologues du Quebec (OGQ). He has extensive qualifications gained working on grassroots, advanced project, and mine site exploration and has worked for several companies, both majors, such as Iamgold and Cambior, and juniors including Normabec, as an exploration geologist throughout South America and Mexico. This international experience has provided him with good exposure to many geological settings and mineralization processes (lateritic profiles, gold/copper porphyries, epithermal systems and skarns). Early in his career, he also worked in Northern Quebec (Abitibi), Manitoba and Nunavut on numerous VMS and precious metal projects for Noranda and Aur Resources.

Ed Farrauto commented, "We are delighted that Richard has agreed to join our team to drive our exploration activities at the Urique Project as well as our search for additional prospective projects in the region. We are fortunate that a top caliber geologist such as Richard has become available to us. He is highly experienced working in Mexico and shares our enthusiasm for the promising showings already identified on the Urique Project. We welcome Richard to the Company and we look forward to a successful partnership."

Mr. Simpson has been granted 300,000 stock options, subject to shareholder approval, expected to be obtained at the Company's next annual general meeting to be held later in the first half of the year. Each stock option will be exercisable at $0.25 and will expire five years from the date of the grant.

About Mammoth Resources Corp.:

Mammoth Resources Corp. (TSX VENTURE:MTH) is a mineral exploration company focused on acquiring and defining gold and silver resources in Mexico. The Company has an option to acquire 100% of the Urique Project located in the Sierra Madre Precious Metals Belt, in southwestern Chihuahua State.

This news release contains certain forward-looking statements that reflect the current views and/or expectations of Mammoth with respect to its future events including statements with respect to its exploration activities. Such statements are subject to a number of risks, uncertainties and assumptions which may cause actual results to be materially different from those expressed or implied and includes uncertainties regarding implementation of the Company's business strategies and plan and changes in the regulatory environment affecting the Company. The Company assumes no future obligation to update these forward-looking statements except as required by applicable securities laws.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • Mammoth Resources Corp.
    Edward Farrauto
    Director & CEO
    (604) 687-3992