VANCOUVER, British Columbia, Oct. 10, 2024 (GLOBE NEWSWIRE) -- Mustang Energy Corp. (CSE: MEC)(the 'Company” or 'Mustang”) is pleased to announce the acquisition of 45,585 hectares of prospective land across the Southern and Western Athabasca Basin in Saskatchewan. This expansion was achieved through a combination of low-cost staking and a strategic purchase agreements, as previously announced in the Company's news release dated September 9, 2024 and September 26, 2024.

The newly acquired properties include the Yellowstone Project (21,820 hectares - see Figure 2), the Dutton Project (9,666 hectares - see Figure 3), and three additional claims (14,098 hectares) which are currently unnamed. With these acquisitions, Mustang's total land holdings in the Athabasca Basin have increased from 10,644 hectares-comprising the Ford Lake, Cigar Lake East, and Roughrider South projects-to an impressive 56,229 hectares (see Figure 1).