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

LisƟng, and New MarkeƟng 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 direcƟon and market

presence.

Appointment of Lynde Guillaume as Technical Advisor

Ms. Guillaume has been acƟvely involved in the mineral exploraƟon industry for over a decade including mulƟple

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 Ɵon Manager for Axiom Explora Ɵon Group, a company involved in and specializing

in uranium exploraƟon consulƟng in Saskatchewan. Ms. Gu illaume 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 Ɵon programs

ranging from green-fields exploraƟon to resource delineaƟon in various commodiƟes including uranium, lithium,

gold, copper-zinc, cobalt, and PGEs. Her exper Ɵse includes target genera Ɵon, project management, explora Ɵon

and resource drilling, geological mapping, data interpreta Ɵon, as well as technical repor Ɵng. Ms. Guillaume

received her B.Sc. from the University of Saskatchewan in Geological Sciences. She is registered as a Professional

Geologist with the AssociaƟon of Professional Engineers and GeoscienƟsts of Saskatchewan (APEGS), Professional

GeoscienƟsts Ontario (PGO), and Engineers GeoscienƟsts 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 Ɵon of a technical expert of Lynde’s caliber, alongside our

dual lisƟng and expanded markeƟng efforts, we are well-posiƟoned to build momentum as we conƟnue to explore

and develop our diverse asset base.”

Mustang Now Listed on the Frankfurt Stock Exchange

In a step toward increasing its interna Ɵonal market presence, Mustang is pleased to announce its lis Ɵng on the

Frankfurt Stock Exchange under the Ɵcker symbol 92T. Mustang an Ɵcipates that this lis Ɵng will enhance the

Company’s visibility and accessibility to European investors as it conƟnues to advance its exploraƟon projects and

corporate goals.

Strategic MarkeƟng Partnership with MCS MarkeƟng in Germany

As part of Mustang Energy’s broader strategy to expand its presence in Europe, the Company has entered into a

markeƟng agreement with MCS MarkeƟng Services (“MCS MarkeƟng”), an arm’s length party located in Germany,

dated September 12, 2024. MCS MarkeƟng has agreed to create a promoƟonal campaign for Mustang consisƟng

of text materials, adverƟsements, keyword research for search term opƟmizaƟon, and other such online markeƟng

acƟviƟes. The promoƟonal campaign will take place for a six-month period starƟng on September 23rd, 2024 and

ending on March 23rd, 2024, with an op Ɵon to extend the term by mutual agreement between the par Ɵes. MCS

MarkeƟng will receive a one- Ɵme agency fee of 16% which shall correspond to the budget for the promo Ɵonal

campaign, being 250,000 EUR, with an op Ɵon to increase to 500,000 EUR during the term. The Company will not

issue any securiƟes to MCS as compensaƟon for the services. As of the date hereof, to the Company’s knowledge,

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MSC and its directors and officers do not own any securiƟes of the Company and have an arm’s length relaƟonship

with the Company. This partnership will focus on building brand recogniƟon and investor outreach in the European

markets, further complemenƟng the Company’s recent Frankfurt lisƟng.

MCS is an independent company which will, as a ppropriate, provide project management and consul Ɵng for an

on-line markeƟng campaign, co-ordinate marke Ɵng acƟons, maintain and op Ɵmize AdWords campaigns, adapt

AdWords bidding strategies, op Ɵmize AdWords ads, and create and op Ɵmize landing pages. The promo Ɵonal

acƟvity will occur by email, Facebook, and Google.

MCS MarkeƟng has an address at Rheinproimendate 13, 40789 Mo nheim am Rhein, NRW, Germany, and can be

reached at [email protected] or 49-160-99032182.

MarkeƟng Agreement with Think Ink MarkeƟng Data and Email Services in Canada

To strengthen its presence in North America, Mustang has also entered into a markeƟng services agreement with

Think Ink MarkeƟng Data and Email Services (“ Think Ink”), an arm’s length party located in California. Think Ink

has agreed to provide public rela Ɵons services to Mustang, including the crea Ɵon and distribu Ɵon of markeƟng

materials and paid adverƟsements. The promoƟonal acƟviƟes will commence on September 23rd, 2024 and will

conƟnue for a three-month period ending on December 23rd, 2024, with an opƟon to extend the term by mutual

agreement between the par Ɵes. Mustang will pay USD$30,000 to Think Ink as considera Ɵon for the services.

Mustang anƟcipates that the agreement with Think Ink will allow the Company to engage e ffecƟvely 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@thinkinkmarkeƟng.com or 1-888-808-2161.

Mustang Energy Corp.

Mustang is a mineral exploraƟon and development company focused on uranium mineral projects. Mustang owns

100% of 40,198 hectares in the Athabasca Basin and intends to conduct exploraƟon for uranium on its properƟes

located in the Eastern Athabasca Basin of Saskatchewan, Canada and, in par Ɵcular, the Ford Lake Property. The

Ford Lake Property consists of three claims covering an area of 7,431 hectares in the proli fic Eastern Athabasca

Basin near the margin of the MudjaƟk 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 Clu ff Lake and

associated claims in the Athabasca Basin total 29,324 hectares consisƟng of 8 claims. For more informaƟon, please

visit www.mustangenergy.ca and the Company’s profile on SEDAR+ at www.sedarplus.ca.

For further informaƟon, please contact:

Mustang Energy Corp.

AƩenƟon: 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-looki ng statements and forward-looking informa Ɵon (collecƟvely, "forward-

looking statements") within the meaning of applicable Canadian legisla Ɵon. Forward-looking statements are

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typically idenƟfied by words such as: "believes", "expects", "an Ɵcipates", "intends", "esƟmates", "plans", "may",

"should", "would", "will", "potenƟal", "scheduled" or variaƟons of such words and phrases and similar expressions,

which, by their nature, refer to future events or results th at 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, expectaƟons and orientaƟons regarding the future including, without

limitaƟon: that lis Ɵng on the Frankfurt Stock Exchange will enhanc e the Company’s visibility and accessibility to

European investors, that marke Ɵng campaigns led by MCS Marke Ɵng and Think Ink will expand the Company’s

presence in North America and Europe, and that the Company is strategically posi Ɵoned for substanƟal growth.

Although the Company believes that such statements are reasonable and re flect expecta Ɵons of future

developments and other factors which management believes to be reasonable and relevant, the Company can give

no assurance that such expectaƟons will prove to be correct. In making the forward-looking statements in this news

release, the Company has applied several material assump Ɵons, including without limita Ɵon, that the markeƟng

campaigns created by MCS MarkeƟng and Think Ink will be completed as planned and that the markeƟng contracts

with MCS Marke Ɵng and Think Ink will have the desired impact on Mustang’s presence in North America and

Europe. Other factors may also adversely a ffect the future results or performance of the Company, including

general economic, market or business condi Ɵons, future prices of minerals, changes in the financial markets and

in the demand for minerals, changes in laws, regulaƟons and policies affecƟng the mineral exploraƟon industry, as

well as the risks and uncertain Ɵes 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 Ɵes

regulatory authori Ɵes under the Company's SEDAR+ pro file. Ongoing labour shortages, in flaƟonary pressures,

changing interest rates, the global financial climate and ongoing internaƟonal conflicts are some addiƟonal factors

that are a ffecƟng current economic condi Ɵons and increasing economic uncertainty, which may impact the

Company’s operaƟng performance, financial posiƟon, and future prospects. Collec Ɵvely, the potenƟal impacts of

this economic environment pose risks that are currently indescribable and immeasurable. No assurance can be

given that any of the events an Ɵcipated by the forward-looking statements will occur or, if they do occur, what

benefits the Company will obtain from them. Readers are cau Ɵoned that forward-looking statements are not

guarantees of future performance or events and, accordingly, are cauƟoned not to put undue reliance on forward-

looking statements due to the inherent uncertainty of such statements. The Company does not undertake any

obligaƟon to update such forward-looking informa Ɵon whether because of new informa Ɵon, future events or

otherwise, except as expressly required by applicable law.