Mustang Minerals Corp.

Mustang Minerals Corp.

November 15, 2006 19:00 ET

Mustang Grants Incentive Options to VP Operations

TORONTO, ONTARIO--(CCNMatthews - Nov. 15, 2006) - The board of Mustang Minerals Corp. (TSX VENTURE:MUM) is pleased to announce that it has approved the issuance of 250,000 incentive options to Ernest J. Marcotte P.Eng., VP Operations of Mustang Minerals Corp. at an exercise price of $0.325 per share. The options are exercisable for a period of 5 years and are subject to the approval of the TSX Venture Exchange.

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Shares Outstanding: 52,600,186

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