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MUM have 2 near surface Copper-Nickel-PGM deposits in Manitoba - Mayville Indicated Resource: 24m tonnes @ 0.69% Cu Eq. Inferred Res. 4.3m tonnes @ 0.68% Cu Eq., and Makwa Reserve - 9.8m tonnes @ 0.54% Nickel; 0.11% Cu.

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Message: Mustang Minerals Financing

Mustang Minerals Corp. (TSXV:MUM) (“Mustang” or the “Company”) today announced that further to the

announcement of January 8, 2015 regarding the financing originally announced November 20, 2014 it is

extending the date for completion of the financing to January 16, 2015 and amending the pricing of the non-flow

through shares offered to $0.01 per share.

As amended the offering consists of 1,602,411 common shares at $0.03 per share placed with Western Areas

Ltd.; up to 20,128,511 flowthrough common shares at $0.015 per share and up to 20,000,000 non-flow

through common shares at $0.01 per share. The offering is being made pursuant to the grant of a discretionary

waiver of the TSXV’s minimum $0.05 pricing requirement and is subject to final acceptance by the TSXV.

Mustang has an extensive mineral claim position in the Bird River Greenstone Belt in southeastern Manitoba.

Two National Instrument 43-101 compliant deposits have been delineated in the belt by Mustang and a NI 43-

101 compliant Preliminary Economic Assessment was completed in 2014. The Company will complete

downhole geophysical surveys at its Mayville and Tanco Properties in the first quarter of 2015 to further define

priority Ni-Cu-PGM drill targets.

Carey Galeschuk P.Geo. is the National Instrument 43-101 Qualified Person for Mustang Minerals Corp. and

has approved the contents of this release.

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