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Mammoth Resources Corp. (MTH.V) has signed a definitive agreement to option the Tenoriba gold and silver project located in southwestern Chihuahua State, Mexico.

Tenoriba is comprised of three concessions, Mapy 1, Mapy 2 and Fernanda, covering a land package of approximately 8,100 hectares located approximately 100 kilometres south-southwest of Mammoth's Urique Project. Previous exploration activity on the property, including 2,566 metres of drilling, has yielded potentially attractive gold values. An estimated $2 million was spent on the property during 2007-2008.

The terms of the Agreement permit Mammoth to acquire 100% of the Tenoriba property by issuing a total of 950,000 Mammoth shares and making total cash payments of $160,000 to the vendors over the four year option period and spending US$1,000,000 in exploration expenditures on or before June 30, 2016. In addition, the Company has recently paid US$40,000 in property back-taxes owing to the Mexican government. The Agreement also allows for a 2% Net Smelter Return royalty payable to the vendors upon commercial production. The royalty can be purchased by Mammoth at any time within a three year period from commencement of commercial production for US$1,500,000.

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