Mustang Announces Results of Shareholder Meeting and Corporate Update
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For Immediate Release
Exchange: TSX Venture
March 14, 2018
Toronto, Ontario
Symbol: MUM
Shares Outstanding: 42,034,264
MUSTANG ANNOUNCES RESULTS OF SHAREHOLDER MEETING AND
CORPORATE UPDATE
Highlights
Shareholders approve name change to Grid Metals Corp.
Geophysical survey at Makwa Nickel Property underway.
TORONTO, CANADA - Mustang Minerals Corp. (TSX-V: MUM) (“Mustang” or the “Company”)
today announced that the resolution presented at the shareholders meeting of March 9, 2018 to approve
the name change of the Company was approved. The name change to Grid Metals Corp. will reflect
the unique property portfolio of Mustang that includes exposure to the key battery metals including
nickel, copper, lithium and cobalt. The key projects of the Company are all located in southeastern
Manitoba in the Bird River Greenstone Belt. The Company anticipates that the name change will be
effected prior to mid April 2018.
Nickel Exploration Update
The ground electromagnetic (EM) geophysical study previously refe renced by the Company has now
commenced at the Makwa Nickel Property following completion of linecutting. The program will
consist of down hole surveying of several holes that encountered significant nickel copper pgm
intercepts ( see press release dated January 29, 2018) as well as ground EM surveying over a 3.1
kilometer portion of the Bird River sill to the east of the Makwa Nickel Deposit. The double loop
configuration being utilized is designed to assess the potential for mineralization to great er depths
than would have been covered by previous surveys at the property. Abititi Geophysics is the contractor
completing the geophysical program.
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The mineralization at Makwa is predominantly nickel but also contains significant platinum, palladium,
copper and cobalt credits. The Makwa Indicated resource grade ( open pit ) is 7.2 Mt grading 0.61%
nickel, 0.13% copper, 0.10 g/t Pt and 0.36 g/t Pd. ( per Mineral Resource Summary dated November
27, 2013). The followi ng chart references several of the higher grade drill holes drilled at
approximately 200m downhole depth and greater at the Makwa open pit deposit. These type of grades
and higher constitute the exploration target of the current geophysical survey.
Illustrative Drill Holes - Makwa Nickel Deposit ( drilled by Mustang Minerals )
From
Meters
To
Meters
Length
Meters % Ni % Cu % Co g/t Pt g/t Pd
M04-11 199.9 207.9 7.9 1.283 0.148 0.036 0.261 1.232
M04-14 258.2 277.7 19.5 1.568 0.121 0.024 0.426 1.684
M04-18 220.1 255.8 35.7 1.144 0.136 0.023 0.231 1.068
Note: Horizontal ( true ) thickness M05-11- 4.8m; M04-14 - 9.4m; M04-18 - 11.2M
Source : February 18, 2004 Technical Report on the Maskwa Nickel Deposit Roscoe Postle Associates Ltd.
About Mustang Minerals
Mustang owns the mineral rights to the Makwa Nickel -Copper-Cobalt Property and the Mayville
Copper-Nickel Property both located in the Bird River Greenstone Belt in southeast Manitoba. The
Company completed a P reliminary Economic Assessment on the Makwa -Mayville Project in 2014.
The Company recently acquired lithium bearing pegmatites with a historic resource in the Mayville
area and also controls mineral rights at the East Bull Lake Property west of Sudbury prospective for
PGM and the Bannockburn Nickel Property near Matachewan Ontario.
Carey Galeschuk P. Geo is the Qualified Person for Mustang Minerals Corp.
To find out more about Mustang Minerals Corp. (TSX-V: MUM)
visit our website at www.mustangminerals.com or:
Telephone: 416-955-4773 email: [email protected]
We seek safe harbour.
This news release contains forward -looking statements within the meaning of the United States Private Securities
Litigation Reform Act of 1995 and forward -looking information within the meaning of the Securities Act (Ontario)
(together, “forward -looking statements”). Such forward -looking statements may incl ude the Company’s plans for its
mineral projects in Manitoba, the overall economic potential of its properties, the availability of adequate financing and
involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or
achievements expressed or implied by such forward -looking statements to be materially different. Such factors include,
among others, risks and uncertainties relating to potential political risk, uncertainty of production and capital costs
estimates and the potential for unexpected costs and expenses, physical risks inherent in mining operations, currency
fluctuations, fluctuations in the price of nickel and other metals, completion of economic evaluations, changes in project
parameters as pl ans continue to be refined, the inability or failure to obtain adequate financing on a timely basis, and
other risks and uncertainties, including those described in the Company’s Management Discussion and Analysis for the
most recent financial period and Material Change Reports filed with the Canadian Securities Administrators and available
at www.sedar.com.
Neither the TSX Venture Exchange nor it Regulations Services Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.
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