Mustang Energy Corp. Expands Strategic Land Holdings in Saskatchewan’s Athabasca Basin - Seite 2

Ram Project

The Ram Property spans 2,229 hectares in the southwest Athabasca Basin along the Clearwater Domain. This geological domain is considered a key driver of uranium mineralization along the Patterson Corridor, which hosts major uranium assets including NexGen Energy’s Rook I Project. Although geologically prospective, the Ram Property remains relatively underexplored.

The Company advises that, notwithstanding the proximity of location, discoveries of minerals on NexGen Energy’s Rook I Project and any promising results thereof are not necessarily indicative of the mineralization of, or located on the Ram Project, or the Company’s ability to commercially exploit the Ram Project, or to locate any commercially exploitable deposits therefrom. The Company cautions investors on relying on this information as the Company has not confirmed the accuracy or reliability of the information.

Lariat Project

The Lariat Project consists of one claim covering 4,396 hectares, situated just north of the Athabasca Basin and approximately 10 km northeast of Stony Rapids. The property comprising the Lariat Project lies along the Snowbird Tectonic Zone, a major crustal-scale shear zone known for hosting uranium deposits—including Cameco Corp’s Centennial and Dufferin Lake deposits in the southern Athabasca Basin. Located about 15 km north along trend from Uranium Energy Corp.’s Black Lake Uranium Project, the Lariat Project not only holds potential for uranium but is also considered prospective for magmatic Cu-Co-Ni mineralization associated with mafic-ultramafic intrusions within the hybrid gneiss complex.⁴

The Company advises that, notwithstanding the proximity of location, discoveries of minerals on Cameco Corp’s Centennial and Dufferin Lake deposits, as well as on Uranium Energy Corp.’s Black Lake Uranium Project and any promising results thereof are not necessarily indicative of the mineralization of, or located on the Lariat Project, or the Company’s ability to commercially exploit the Lariat Project, or to locate any commercially exploitable deposits therefrom. The Company cautions investors on relying on this information as the Company has not confirmed the accuracy or reliability of the information.