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Mustang Minerals Corp

Published : August 05th, 2008

Builds Project Development Team

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Keywords :   Canada | Nickel | Russia | Saudi Arabia | Spain | Tunisia |

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Mustang Minerals Corp.
TSX VENTURE: MUM
FRANKFURT: NJF
Other Recent News

August 5, 2008
Mustang Builds Project Development Team
TORONTO, ONTARIO--(Marketwire - Aug. 5, 2008) - The Board of Directors of Mustang Minerals Corp. (TSX VENTURE:MUM) (FRANKFURT:NJF) is pleased to announce the appointment of Ian Ward P.Eng as Senior Vice President of Mustang. Mr. Ward's primary role, commencing in September 2008 will be to oversee the completion of a positive feasibility study for the Maskwa Nickel Project located near Lac du Bonnet Manitoba, and subsequently to drive the project financing and development effort.

Ian Ward is currently President and Principal Metallurgist with Micon International Limited, mineral industry consultants. In his current position at Micon, Mr. Ward has been involved in the completion of feasibility studies for mining projects worldwide as a principal consultant for the primary resources sector as well as senior level review of project feasibility studies as technical advisor to financial institutions providing project financing.

Mr. Ward gained plant operating experience with four Canadian mining companies and has been engaged in consulting since 1979, when he joined Kilborn Engineering Ltd. (now SNC-Lavalin), with which firm he remained until joining Micon in April, 1996. Since commencing consulting, he has held responsibilities for projects throughout Canada, the United States and Latin America, Britain, Spain, Tunisia, Russia and Saudi Arabia.

Mustang Minerals Corp. recently completed a prefeasibility study for an open pit nickel project in southeastern Manitoba approximately 140 km northeast of Winnipeg. Current project activities underway involve additional metallurgical testwork, assaying of recently drilled resource holes leading towards an updated resource calculation, baseline environmental studies and commencement of community and First Nations engagement.

Grant of Incentive Options

A total of 600,000 incentive options (300,000 exercisable @ $0.80 and 300,000 exercisable at $1.00) will be granted to Mr. Ward as part of his compensation upon commencement of his employment with Mustang Minerals. The options are subject to the approval of the TSXV and will vest over a period of one year. A further 520,000 incentive options are to be granted to non-executive directors of the Company at an exercise price of $0.80.

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

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, 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 risks involving the Company's operations, uncertainty of production and 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 parametres 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 year ended December 31, 2007 and thereafter and Material Change Reports filed with the Canadian Securities Administrators and available at www.sedar.com.

Shares Outstanding: 81,228,239


The TSX Venture Exchange has not reviewed and does not accept responsibility for the contents of this press release.

CONTACT INFORMATION:

Mustang Minerals Corp.
David Black
Investor Relations
(416) 955-4773
Email: info@mustangminerals.com
Website: www.mustangminerals.com

INDUSTRY: Manufacturing and Production - Mining and Metals

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Mustang Minerals Corp
DEVELOPMENT STAGE
CODE : MUM.V
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Mustang is a nickel and copper exploration company based in Canada.

Mustang develops nickel, copper, cobalt, palladium and platinum in Canada, and holds various exploration projects in Canada.

Its main asset in development is MAKWA in Canada and its main exploration properties are RIVER VALLEY PGM, EAST BULL LAKE, TILLICUM CLAIMS, RIVER VALLEY PGM and MAYVILLE in Canada.
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Financings of Mustang Minerals Corp
1/24/2013Announces Completion of Additional Financing and 2013 Strate...
1/23/2012Completes Financing With Western Areas 7500m Drill Program U...
1/6/2012Completes Flow Through Financing
1/11/2010Completes Private Placement
12/8/2009Increases Private Placement Financing and Closes First Tranc...
11/6/2009Announces Non-Brokered Private Placement
Project news of Mustang Minerals Corp
2/20/2013(Mayville)Announces Increase to Mayville Resource
11/7/2012(Mayville)Provides Update on Mayville Drilling
9/12/2012(Mayville)Drilling at Mayville Property
6/14/2012(Mayville)Intersects Higher Grade Zone of Copper-Nickel-PGM Mineraliza...
5/17/2012(Mayville)Drilling Update-Mayville Project
6/2/2011(Mayville)Drill Program Resumes at Mayville Property
5/5/2011Drills 9=2E1 Meters of 3=2E9 g/t Platinum-Palladium Strike L...
4/6/2011(Mayville)Completes Additional Holes at New PGM Zone
3/23/2011MUSTANG MINERALS ANNOUNCES NEW PLATINUM AND PALLADIUM DISCOV...
3/22/2011Announces New Platinum and Palladium Discovery in Manitoba
12/1/2010(Mayville)s Exploration at Mayville/Tanco Properties
7/13/2010(Mayville)Exploration Deal With Tantalum Mining Corporation of Canada
3/22/2010(Makwa)Updates Project Economics at Makwa Nickel Project
2/17/2010(Makwa)Makwa Nickel Project Update
9/1/2009(Makwa)Advances its Maskwa Nickel Project
6/22/2009(East Bull Lake)Western Areas-Mustang JV Commences Drilling at East Bull Lak...
3/2/2009(Makwa)Completing Drilling at Manitoba Nickel Project
1/22/2009(Makwa)Provides Update on Maskwa Nickel Project Feasibility Study
12/1/2008(Makwa)Provides Update at Maskwa Nickel Project Feasibility Study
9/12/2008(East Bull Lake)and Western Areas Sign Agreement for Joint Venture at East B...
7/3/2008(East Bull Lake)New PGM+Ni+Cu Mineralization Drilled at East Bull Lake, Onta...
6/26/2008(Makwa)Mustang Tables Positive Prefeasibility for Maskwa Nickel Pro...
5/12/2008(East Bull Lake Pgm)Drilling at East Bull
5/9/2008(Makwa) Reports Positive Results From Prefeasibility Study at Maskw...
4/23/2008(Makwa)Tests Chromite Horizon at Maskwa Property
3/3/2008(Makwa)Drill Update at Maskwa North and Maskwa West
Corporate news of Mustang Minerals Corp
10/20/2015Board Resignation
12/10/2012(Mayville)Extends Mayville Cu-Ni Deposit Mineralization to the East
7/17/2012(Mayville)Drilling Extends Copper Nickel Mineralization to Depth at Ma...
3/5/2012Provides Exploration Update Continuesto Intersect PGM Minera...
12/1/2011(Mayville)Announces Mayville Exploration-Financing
9/9/2011: Corporate Update
3/3/2011(Mayville)Drills New Surface Zone of CopperNickel Mineralization at th...
4/15/2010Expands Resources in Project Area
11/19/2009and Sagkeeng First Nation Conclude Memorandum of Understandi...
9/18/2009AGM, September 22
10/1/2008Visit Our Booth This Weekend
8/5/2008Builds Project Development Team
7/17/2008 Closing of Oversubscribed, Increased Financing
7/16/2008Announces Increase to Brokered Financing
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TSX-V (MUM.V)Other OTC (MSMGF)
0.175-2.78%0.048-4.00%
TSX-V
CA$ 0.175
06/07 13:54 -0.010
-2.78%
Prev close Open
0.180 0.180
Low High
0.175 0.195
Year l/h YTD var.
 -  -
52 week l/h 52 week var.
- -  0.175 -%
Volume 1 month var.
24,600 -%
24hGold TrendPower© : -31
Produces
Develops Cobalt - Copper - Nickel - Palladium - Platinum
Explores for Cobalt - Copper - Gold - Nickel - Palladium - Platinum - Rhodium
 
 
 
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