Mustang Energy Corp. Completes Sampling Program at Surprise Creek Project, Saskatchewan and Provides Update on the Acquisition of the Ford Lake Project

Core Insights - Mustang Energy Corp. has completed the first phase of field exploration activities on the Surprise Creek Uranium-Copper Project, acquiring an 80% interest through an option agreement with Thunderbird Resources Ltd. [1][2] Exploration Activities - The field program included surface prospecting and detailed rock sampling to refine target areas and outline mineralization [2] - Surface samples were collected from nine locations where previous uranium and copper mineralization was observed, with structural data collected from the Surprise Creek Fault area [2] Project Location and Historical Context - The Surprise Creek Project is located 25 km northwest of the Beaverlodge Uranium District, known for historical uranium mines [3] - A high-resolution airborne survey completed in September 2024 identified multiple new uranium targets in the area [4] Mineralization Findings - A strong uranium radiometric anomaly was identified at the Surprise Creek Fault drill target, with historical drilling returning results of up to 2.1m of 4.37% U3O8 from 57m [5] - Surface sampling returned assays up to 7.98% U3O8, with mineralization extending over a strike length of up to 500 m [5] Copper Prospects - The Project also contains historical copper prospects, with drilling results including 9.1m at 2.07% Cu and 27.3g/t Ag from surface at Bob Lake [7] - Rock chip sampling returned assays of up to 61.7% Cu, 27.6% Cu, and 9% Cu from historical copper occurrences [7] Regulatory Approvals - A work permit application for exploration, including drilling at the Surprise Creek Fault prospect, has been approved by the Saskatchewan Government [8] Company Overview - Mustang Energy is focused on discovering and developing high-potential uranium and critical mineral assets, holding a portfolio of 147,153 hectares in Saskatchewan's Athabasca Basin [17]