Mr. Stephen Stewart reports

MISTANGO CLOSES FINANCING TO DRILL GOLDIE PROJECT IN SHEBANDOWAN

Mistango River Resources Inc. has closed a non-brokered private placement for aggregate proceeds of $1,173,709.73. Upon closing of the offering, the company issued 14,335,996 flow-through units at a price of six cents per flow-through unit for gross proceeds of $860,159.76, where each flow-through unit consists of one flow-through common share and one-half of one common share purchase warrant. Each whole warrant will entitle the holder to purchase one additional share of the company at a price of 10 cents for a period of 24 months from the date of issuance; and 6,967,777 units, at a price of 4.5 cents per hard-dollar unit, for gross proceeds of $313,549.97, where each hard-dollar unit consists of one common share and one-half of one common share purchase warrant. Each whole warrant will entitle the holder to purchase one additional share of the company at a price of 10 cents for a period of 24 months from the date of issuance.

Under applicable securities laws in Canada, the common shares and warrants issued as part of the flow-through units and the hard-dollar units under this offering will be subject to a four-month-and-one-day hold period from the date of closing of the offering.

In consideration for introducing certain subscribers to the offering, the company has paid arm's length finders an aggregate of $63,821.19 cash and 1,263,546 finders' warrants. Each finder's warrant entitles the holder, on exercise thereof, to purchase one common share at a price of 10 cents for a period of 24 months.

About Mistango's Goldie project

Goldie is located within the Shebandowan greenstone belt and covers a 17-kilometre strike on the Shebandowan structural zone, which also hosts Goldshore Resources Inc.'s low-grade high-tonnage Moss Lake gold deposit, 50 kilometres to the west. Goldie is also adjacent to Delta Resources Delta-1 project.

We seek Safe Harbor.