Mustang Energy Corp. Announces Key Strategic Updates: Appointment of Senior Geological Advisor, Frankfurt Listing, and New Marketing Partnerships

Mustang Energy Corp. Announces Key Strategic Updates: Appointment of Senior Geological Advisor, Frankfurt Lis�ng, and New Marke�ng Partnerships

Vancouver, BC – September 16, 2024 – Mustang Energy Corp. (CSE: MEC) (the “Company or “Mustang”) is pleased to announce several key corporate developments that will enhance the company’s strategic direc�on and market presence.

Appointment of Lynde Guillaume as Technical Advisor

Ms. Guillaume has been ac�vely involved in the mineral explora�on industry for over a decade including mul�ple years working on unconformity and basement hosted uranium projects. She began her career working for companies such as Cameco and Denison Mines, where she gained valuable insight working under some of the most experienced uranium geologists in the industry responsible for major discoveries. More recently she has been employed as an Explora�on Manager for Axiom Explora�on Group, a company involved in and specializing in uranium explora�on consul�ng in Saskatchewan. Ms. Guillaume has been involved in projects across Canada including within the Athabasca Basin (SK), Caribou Mining District (BC), La Ronge Gold Belt (SK), Bird River Greenstone Belt (MB) and Cobalt Mining District (ON). She has managed and developed explora�on programs ranging from green-fields explora�on to resource delinea�on in various commodi�es including uranium, lithium, gold, copper-zinc, cobalt, and PGEs. Her exper�se includes target genera�on, project management, explora�on and resource drilling, geological mapping, data interpreta�on, as well as technical repor�ng. Ms. Guillaume received her B.Sc. from the University of Saskatchewan in Geological Sciences. She is registered as a Professional Geologist with the Associa�on of Professional Engineers and Geoscien�sts of Saskatchewan (APEGS), Professional Geoscien�sts Ontario (PGO), and Engineers Geoscien�sts Manitoba.

“We are excited to bring onboard Ms. Guillaume and to be expanding our reach into new markets,” said Nicholas Luksha, CEO of Mustang Energy Corp. “With the addi�on of a technical expert of Lynde’s caliber, alongside our dual lis�ng and expanded marke�ng efforts, we are well-posi�oned to build momentum as we con�nue to explore and develop our diverse asset base.”

Mustang Now Listed on the Frankfurt Stock Exchange

In a step toward increasing its interna�onal market presence, Mustang is pleased to announce its lis�ng on the Frankfurt Stock Exchange under the �cker symbol 92T. Mustang an�cipates that this lis�ng will enhance the Company’s visibility and accessibility to European investors as it con�nues to advance its explora�on projects and corporate goals.

Strategic Marke�ng Partnership with MCS Marke�ng in Germany

As part of Mustang Energy’s broader strategy to expand its presence in Europe, the Company has entered into a marke�ng agreement with MCS Marke�ng Services (“MCS Marke�ng”), an arm’s length party located in Germany, dated September 12, 2024. MCS Marke�ng has agreed to create a promo�onal campaign for Mustang consis�ng of text materials, adver�sements, keyword research for search term op�miza�on, and other such online marke�ng ac�vi�es. The promo�onal campaign will take place for a six-month period star�ng on September 23rd, 2024 and ending on March 23rd, 2024, with an op�on to extend the term by mutual agreement between the par�es. MCS Marke�ng will receive a one-�me agency fee of 16% which shall correspond to the budget for the promo�onal campaign, being 250,000 EUR, with an op�on to increase to 500,000 EUR during the term. The Company will not issue any securi�es to MCS as compensa�on for the services. As of the date hereof, to the Company’s knowledge, MSC and its directors and officers do not own any securi�es of the Company and have an arm’s length rela�onship with the Company. This partnership will focus on building brand recogni�on and investor outreach in the European markets, further complemen�ng the Company’s recent Frankfurt lis�ng.

MCS is an independent company which will, as appropriate, provide project management and consul�ng for an on-line marke�ng campaign, co-ordinate marke�ng ac�ons, maintain and op�mize AdWords campaigns, adapt AdWords bidding strategies, op�mize AdWords ads, and create and op�mize landing pages. The promo�onal ac�vity will occur by email, Facebook, and Google.

MCS Marke�ng has an address at Rheinproimendate 13, 40789 Monheim am Rhein, NRW, Germany, and can be reached at [email protected] or 49-160-99032182.

Marke�ng Agreement with Think Ink Marke�ng Data and Email Services in Canada

To strengthen its presence in North America, Mustang has also entered into a marke�ng services agreement with Think Ink Marke�ng Data and Email Services (“Think Ink”), an arm’s length party located in California. Think Ink has agreed to provide public rela�ons services to Mustang, including the crea�on and distribu�on of marke�ng materials and paid adver�sements. The promo�onal ac�vi�es will commence on September 23rd, 2024 and will con�nue for a three-month period ending on December 23rd, 2024, with an op�on to extend the term by mutual agreement between the par�es. Mustang will pay USD$30,000 to Think Ink as considera�on for the services. Mustang an�cipates that the agreement with Think Ink will allow the Company to engage effec�vely with the Canadian investment community as it progresses in its corporate development.

Think Ink has an address at 3308 W. Warner Ave., Santa Ana, California 92704, and can be reached at info@thinkinkmarke�ng.com or 1-888-808-2161.

Mustang Energy Corp.

Mustang is a mineral explora�on and development company focused on uranium mineral projects. Mustang owns 100% of 40,198 hectares in the Athabasca Basin and intends to conduct explora�on for uranium on its proper�es located in the Eastern Athabasca Basin of Saskatchewan, Canada and, in par�cular, the Ford Lake Property. The Ford Lake Property consists of three claims covering an area of 7,431 hectares in the prolific Eastern Athabasca Basin near the margin of the Mudja�k and Wollaston Domains. The Cigar Lake East and Roughrider South projects consists of four claims covering a total area of 3,443 hectares in the Wollaston Domain. The Cluff Lake and associated claims in the Athabasca Basin total 29,324 hectares consis�ng of 8 claims. For more informa�on, please visit www.mustangenergy.ca and the Company’s profile on SEDAR+ at www.sedarplus.ca.

For further informa�on, please contact:

Mustang Energy Corp.

A�en�on: Nicholas Luksha, CEO and Director Phone: (604) 838-0184

Neither the CSE nor the Market Regulator (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.

This news release contains forward-looking statements and forward-looking informa�on (collec�vely, "forward- looking statements") within the meaning of applicable Canadian legisla�on. Forward-looking statements are typically iden�fied by words such as: "believes", "expects", "an�cipates", "intends", "es�mates", "plans", "may", "should", "would", "will", "poten�al", "scheduled" or varia�ons of such words and phrases and similar expressions, which, by their nature, refer to future events or results that may, could, would, might or will occur or be taken or achieved. All statements in this news release that are not purely historical are forward-looking statements and include statements regarding beliefs, plans, expecta�ons and orienta�ons regarding the future including, without limita�on: that lis�ng on the Frankfurt Stock Exchange will enhance the Company’s visibility and accessibility to European investors, that marke�ng campaigns led by MCS Marke�ng and Think Ink will expand the Company’s presence in North America and Europe, and that the Company is strategically posi�oned for substan�al growth. Although the Company believes that such statements are reasonable and reflect expecta�ons of future developments and other factors which management believes to be reasonable and relevant, the Company can give no assurance that such expecta�ons will prove to be correct. In making the forward-looking statements in this news release, the Company has applied several material assump�ons, including without limita�on, that the marke�ng campaigns created by MCS Marke�ng and Think Ink will be completed as planned and that the marke�ng contracts with MCS Marke�ng and Think Ink will have the desired impact on Mustang’s presence in North America and Europe. Other factors may also adversely affect the future results or performance of the Company, including general economic, market or business condi�ons, future prices of minerals, changes in the financial markets and in the demand for minerals, changes in laws, regula�ons and policies affec�ng the mineral explora�on industry, as well as the risks and uncertain�es which are more fully described in the Company's annual and quarterly management's discussion and analysis and in other filings made by the Company with Canadian securi�es regulatory authori�es under the Company's SEDAR+ profile. Ongoing labour shortages, infla�onary pressures, changing interest rates, the global financial climate and ongoing interna�onal conflicts are some addi�onal factors that are affec�ng current economic condi�ons and increasing economic uncertainty, which may impact the Company’s opera�ng performance, financial posi�on, and future prospects. Collec�vely, the poten�al impacts of this economic environment pose risks that are currently indescribable and immeasurable. No assurance can be given that any of the events an�cipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them. Readers are cau�oned that forward-looking statements are not guarantees of future performance or events and, accordingly, are cau�oned not to put undue reliance on forward- looking statements due to the inherent uncertainty of such statements. The Company does not undertake any obliga�on to update such forward-looking informa�on whether because of new informa�on, future events or otherwise, except as expressly required by applicable law.