Mustang Energy Corp. Initiates an Airborne MobileMT Survey at their Yellowstone Project

Mustang Energy Corp. (the “Company” or “Mustang”) is pleased to announce the commencement of a helicopter-borne Mobile Magneto Tellurics (“MobileMT”) survey on the Yellowstone Project, located in the Western Athabasca Basin, Saskatchewan.

The survey is being completed by Expert Geophysics based out of Aurora, Ontario. A total of about 500 line-km will be surveyed at a 400 metre line spacing and will collect magnetic and very low frequency (VLF) data. The survey will be conducted over the Northern portion of the Yellowstone Project’s claim package with a focus on areas that have not previously been surveyed with deep penetrating electromagnetic survey methods. This survey aims to detect conductors at depths exceeding 1000 meters, providing a more detailed resolution of these deeper structures which could potentially host uranium. Delivery is expected within eight weeks from completion of the survey from Expert Geophysics and will be interpreted for follow-up exploration.

"Initiating the MobileMT survey at our Yellowstone Project marks an important step in Mustang’s exploration strategy within the Athabasca Basin," said Nicholas Luksha, CEO of Mustang Energy Corp. "This state-of-the-art technology allows us to gain insights into deep-seated geological structures, providing us with valuable data to target potentially uranium-rich zones. We are excited to work with Expert Geophysics to advance our understanding of this prospective area and to build on the region's legacy of uranium production."