VANCOUVER, British Columbia, Nov. 27, 2025 (GLOBE NEWSWIRE) -- Mustang Energy Corp. (CSE:MEC, OTC:MECPF, FRA:92T), (CSE: MEC, OTC:MECPF, FRA:92T), FRA:92T) (the "Company" or "Mustang") is pleased to announce that it has completed the second tranche of milestone payments to Skyharbour Resources Ltd. ("Skyharbour") under the option agreement between Mustang and Skyharbour dated November 12, 2024 (the "Option Agreement") regarding the 914W Uranium Project. Pursuant to the Option Agreement, Mustang paid Skyharbour $20,000 in cash, issued 1,098,901 common shares (each, a "Share") in the capital of Mustang at a deemed price per Share of $0.091, and completed $100,000 in exploration expenditures on the 914W Uranium Project to satisfy the second tranche of milestone payments. The Shares are subject to a customary hold period expiring on the date that is four months and one day following the date of issuance. For more information regarding the Option Agreement and the next set of milestone payments, please refer to the Company's news release dated November 13, 2024 and December 6, 2024, as filed under the Company's profile on www.sedarplus.ca.

The Company also announces that all resolutions presented at the Company's annual general and special meeting (the "Meeting") held on Friday, November 14, 2025, including the following: (i) the setting of the number of directors of Mustang at three (3); (ii) the election of Nicholas Luksha, Teresa Rzepczyk and Constantine Carmichel as directors of Mustang; (iii) the appointment of Davidson & Company LLP, Chartered Professional Accountants, as the auditors of Mustang for the fiscal year ending December 31, 2025 and to authorize the directors of Mustang ...