Permit Received For Leadore Silver-Lead-REE Property

VANCOUVER – Black Mammoth Metals Corporation (BMM) has received final approval to drill test priority targets at its Leadore Silver-Lead-REE property. Up to (12) drill sites, all on lands administered by the Bureau of Land Management (BLM), have been selected to: 1) Expand the known oxide mineralized area (silver-lead). 2) Test the sulfide target identified by the Company’s recent induced polarization (IP) survey (silver-lead). 3) Start to test the extent of oxide rare earth elements (REE) placer layer.
A prior operator at Leadore in 2012 drilled (6) relatively shallow core holes with maximum depth of 105m. All holes encountered significant silver-lead mineralization in the area of the (3) historic mines: Kimmel, Leadville and Baby Joe and a new disseminated mineralized zone in brecciated granite was discovered. This drilling has not yet been followed up.
The soils anomaly contours of a historical soils survey also conducted in 2011 by the same prior operator mainly identified an extensive silver-lead zone centered on the (3) historic mines with a combined silver-lead area of approximately 4.5 square km.
Black Mammoth’s recent IP survey delineated a large chargeability anomaly with coincident low-resistivity within the carbonate host rocks underlying the historic Kimmel mine. The Kimmel shares a known silver-lead mineralized NW trending fault with the Anomaly where three major fault intersections are adjacent to the Anomaly on the south side. At the center of the Leadore Camp, the Kimmel was reportedly the most productive historic mine. The historical mining data and recent drilling results indicate that sulfide-bearing ores remain open along the NW trending fault and at adjacent fault intersections, which are situated at the base of the Beaverhead mountains and below pediment cover. The maximum east-west width of the Anomaly is estimated at 400m and the depth from surface to the top of the Anomaly is estimated at 200 – 250m with an overlying silver-lead oxide layer and a placer (REE) mineralized layer. 
Black Mammoth’s recent rock chip sampling has identified REE mineralization that occurs in a placer or laterite horizon sitting atop the known fault-hosted lead and silver mineralization in the area of the historic Leadville mine. This REE mineralized area newly identified in 2025 is an oxidized layer that doesn’t continue at depth. Drill assays results should start to delineate the extent of the placer REE mineralization.