MUSTANG MINERALS CORP V.MUM

As pointed out by a poster ...

[wallyz]

..... not to many people have an appreciation as to what mum has in this area. wally ....... Mustang Minerals Corp.: RPA Report Outlines Exploration Potential at Maskwa Nickel Property Independent Resource Calculation Currently Being Completed Drilling Set to Commence 09:33 EST Thursday, January 13, 2005 TORONTO, ONTARIO--(CCNMatthews - Jan. 13, 2005) - Mustang Minerals Corp. (TSX VENTURE:MUM) today announced that is has received the first of two reports on the Maskwa Nickel Property being prepared by Roscoe Postle Associates Inc. (RPA). The initial report now received is an Independent Technical Report on the Maskwa Nickel Property and includes a summary of the exploration potential of the Property. The report has been prepared in accordance with the requirements of National Instrument 43-101. The report concludes that "the Maskwa Property has excellent exploration potential for nickel, copper and gold mineralization and warrants a significant amount of further work." Resource Calculation Underway The second report commissioned by Mustang and now being prepared by RPA is an independent resource calculation compliant with NI 43-101. This report is expected to be completed by February 2005. The resource calculation on the property will incorporate both the historical drill holes and the holes drilled in 2004 by Mustang Minerals Corp. Key Exploration Recommendations RPA outlined 8 recommendations in the report relating to future exploration. Mustang plans to implement the recommendations with the highlights including: 1) Diamond drilling of the Maskwa Deposit to expand the resource. 2) Identification of the source of the 12 untested high priority geophysical conductors outlined by a surface geophysical survey in 1998. 3) Prioritization of future exploration targets on the property. In addition RPA suggested that "An opportunity may exist to dewater and expand the Maskwa Deposit open pit while nickel prices are high. A scoping study may be warranted to investigate this opportunity after RPA completes a block model resource estimate in early 2005." To find out more about Mustang Minerals Corp (TSX-V: MUM), visit our website at www.mustangminerals.com. Shares Outstanding: 41,761,673 FOR FURTHER INFORMATION PLEASE CONTACT: Mustang Minerals Corp. David Black Investor Relations [phone] [e-mail] www.mustangminerals.com