Mr. Nicholas Luksha reports

MUSTANG ENERGY CORP. STAKES TWO NEW MINERAL PROPERTIES IN NEWFOUNDLAND: ONYX URANIUM PROJECT AND BRIDAL VEIL COPPER-SILVER PROJECT

Mustang Energy Corp. has staked two new mineral exploration properties in Newfoundland and Labrador -- the Onyx uranium project in southern Newfoundland and the Bridal Veil copper-silver project in central Newfoundland -- consisting of a combined 446 claims totalling approximately 3,875 hectares. Together, these acquisitions mark Mustang's first move into Eastern Canada and represent a strategic expansion of its exploration portfolio beyond Saskatchewan's Athabasca basin.

Strategic expansion into Newfoundland

As part of this expansion, Mustang has completed its extra-provincial registration and is now authorized to conduct business in Newfoundland and Labrador. The company's entry into this highly prospective and mining-friendly province underscores its commitment to identifying and advancing new uranium and critical mineral opportunities across Canada.

"The staking of both the Onyx and Bridal Veil properties represents an important milestone in Mustang's growth," said Nicholas Luksha, chief executive officer of Mustang Energy. "We are diversifying our exploration pipeline with projects that offer strong geological fundamentals, excellent infrastructure and supportive jurisdictions. Newfoundland's potential for both uranium and copper-silver systems fits perfectly with our technical focus and long-term vision."

Onyx uranium property -- Southern Newfoundland

The Onyx project (mineral licence No. 039098M) consists of 143 claims totalling approximately 3,575 hectares, strategically located in an underexplored region of Southern Newfoundland, approximately 40 kilometres northeast of Burgeo. The Onyx project lies within the Hermitage Flexure, a structurally complex zone within the Gander Tectonic zone, and is underlain by mid-Ordovician volcanic and sedimentary rocks of the Bay du Nord Group 9.

The claims are positioned adjacent to several historical high-grade uranium showings, including Doucette, He2 and White Bear occurrences. Historical exploration across these nearby showings has returned significant uranium assays from boulders and outcrop samples, including up to 2.79 per cent U3O8 (triuranium octoxide) at He26, up to 1.32 per cent U3O8 at Doucette7 and up to 0.75 per cent U3O8 at White Bear No. 38.

* The company considers sample results greater than 1 per cent U3O8 as high grade. The mineralization hosted on adjacent and/or nearby properties is not necessarily indicative of mineralization that may be hosted on Mustang's claims. While historical results from neighbouring occurrences highlight the geological potential of the region, no mineral resources or reserves have been delineated on Mustang's newly staked claims, and further exploration is required to determine if similar mineralization is present.

Uranium mineralization in this area is typically stratabound and associated with both syngenetic and remobilized processes, hosted in felsic volcanic tuffs and interbedded metasediments. Additional occurrences are documented in the Burgeo intrusive suite. Historical work by operators such as Shell Canada and Commander Resources has delineated extensive uranium-bearing boulder fields, radon gas anomalies extending for over a kilometre and strong geophysical signatures -- all of which underscore the potential for additional discoveries in the area.

Mustang plans to compile and reinterpret available historical geochemical and geophysical data sets and conduct modern field reconnaissance to identify and prioritize exploration targets ahead of future programs.

Bridal Veil copper-silver project -- central Newfoundland

The Bridal Veil project, covering 300 hectares, lies 10 km east of Gander within the Gander Lake subzone (NTS 2D/15). The 100-per-cent-owned project hosts a high-grade copper-silver plus or minus lead plus or minus gold system within shear-zone structures of the Gander Group, strategically situated between Newfound Gold's Queensway project and Thunder Gold Corp.'s Star Track property.

Highlights:

• Grab samples up to 9.4 per cent Cu (copper), 10.2 per cent Pb (lead), 242 g/t Ag (silver) and 3.75 g/t Au (gold);
• Confirmation sampling up to 3.47 per cent Cu, 19.34 g/t Ag and 0.16 g/t Au;
• Shear-hosted quartz vein arrays up to five m thick, containing chalcopyrite, galena and pyrite;
• Excellent access and infrastructure: Trans-Canada Highway and Newfoundland Trailway cross the property; power and services are available nearby in Gander.

Historical exploration (2000 to 2013) included geological mapping, IP and VLF-EM surveys, trenching, and limited drilling. Mustang plans to follow up with soil geochemistry, prospecting and targeted drilling to expand known mineralized zones, as well as drill untested anomalies.

Newfoundland and Labrador GeoAtlas. Department of Industry, Energy and Technology, government of Newfoundland and Labrador.

Appointment of security adviser

Mustang has appointed Zack Luksha as cybersecurity adviser to oversee all the company's on-line and data information are properly secured.

Mr. Luksha is a cybersecurity professional with experience in information security, risk management and threat analysis. As an information security analyst at Stecmell Technologies Inc., he develops and implements frameworks to safeguard critical infrastructure and sensitive data.

While serving as a policy and data analyst at Global Affairs Canada, Mr. Luksha held an RCMP-approved federal government security clearance, supporting his work in national security and intelligence policy. This experience provided him with valuable insight into the intersection of cybersecurity, government operations and strategic risk management.

Mr. Luksha holds a master's degree in European, Russian and Eurasian Studies from Carleton University and a bachelor's degree from the University of Toronto. His academic background in geopolitics and strategic resource management complements his technical cybersecurity expertise, enabling him to address complex global security challenges with a balanced, analytical approach.

Having lived, worked, studied or travelled in over 50 countries, Mr. Luksha brings a global perspective and deep understanding of today's interconnected threat landscape -- making him well suited to advise on strategic cybersecurity initiatives.

Mr. Luksha will receive 200,000 stock options to purchase up to 200,000 common shares in the capital of Mustang at an exercise price of nine cents per share for a period of three years from the date of grant.

Qualifying statement

The scientific and technical information in this news release has been reviewed and approved by Troy Marfleet, PGeo, technical adviser for Mustang Energy, a registered member of the Professional Engineers and Geoscientists of Saskatchewan. Mr. Marfleet is a qualified person as defined by National Instrument 43-101.

About Mustang Energy Corp.

Mustang Energy is a Canadian mineral exploration company focused on the discovery and development of high-potential uranium and critical mineral assets. The company holds a portfolio of 147,153 hectares of strategically located properties in Saskatchewan's Athabasca basin -- one of the world's premier uranium districts. Mustang is advancing early stage exploration through modern techniques and a disciplined, data-driven approach. The company is committed to building long-term value through responsible exploration and a focus on high-impact targets in underexplored areas.

We seek Safe Harbor.