Mammoth Resources Corp.

11:10 AM EST - Mammoth Resources Corp. : Has settled debts totaling $21,000 owed to certain insiders, via the issuance of 192,500 common shares of the Company, at a price of $0.12 per share pursuant to the minimum pricing rules of the TSX Venture Exchange and subject to TSX Venture Exchange final approval. Furthermore, the Company would like to announce its year-end stock option grant of a total of 782,917 stock options to management and directors of the Company at an exercise price of $0.12 per share and subject to the terms of the Company’s Stock Option Plan. Mammoth Resources Corp. shares (V.MTH) are trading unchanged at $0.13.