MUM Mustang Minerals Corp (delisted)

Mustang Minerals Corp. (TSX VENTURE:MUM)(FRANKFURT:NJF) ("Mustang" or the
"Company") is pleased to announce that it has completed its private placement
offering of flow-through common shares and an initial closing of its private
placement offering of non-flow-through common shares.  


Mustang raised aggregate gross proceeds of $ 1,714,650.41 in respect of the
placement of an aggregate of 26,379,237 flow-through common shares. Finders'
fees of $ 73,952.03 and a total of 1,137,724 finders' warrants were paid to
eligible finders in connection with the flow-through offering. Each flow-through
share finder's warrant entitles the holder to purchase one common share of the
Company at an exercise price of $0.065 per share for a period of 18 months.  


Mustang also closed an initial tranche of 100,000 non-flow-through shares for
gross proceeds of $6,000.00. Finders' fees of $ 480.00 in cash and a total of
8,000 finders' warrants were paid to eligible finders in connection with the
non-flow-through offering. Each finder's warrant entitles the holder to purchase
one common share of the Company at an exercise price of $0.06 per share for a
period of 18 months.  


All securities issued under the offerings are subject to a hold period of four
months and one day. 


The gross proceeds of the flow-through share offering will be used for Canadian
exploration expenses (within the meaning of the Income Tax Act) which qualify as
"flow-through mining expenditures" for purposes of the Income Tax Act related to
the Company's mineral projects in Ontario and Manitoba, Canada. The Company will
renounce such Canadian exploration expenses with an effective date of December
31, 2012. The net proceeds from the non-flow-through offering will be used for
working capital purposes. 


To find out more about Mustang Minerals Corp. (TSX VENTURE:MUM) visit our
website at www.mustangminerals.com. 


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
include 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 plans
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. 


Shares Outstanding: 224,639,894

FOR FURTHER INFORMATION PLEASE CONTACT: 
Mustang Minerals Corp.
David Black
Investor Relations
416-955-4773
info@mustangminerals.com
www.mustangminerals.com

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