Grid Metals Corp.

Purchase of Mayville Net Smelter Royalty

TORONTO, ONTARIO -- (Marketwire) -- 12/23/11 -- Mustang Minerals Corp. (TSX VENTURE: MUM)(FRANKFURT: NJF) ('Mustang' or the 'Company') today announced it has completed the initial tranches of a non-brokered private placement financing (the 'Offering'). The Company issued 17,117,433 flowthrough shares at a price of $0.12 per share for gross proceeds of $2,054,092.00. The Company has paid eligible finders fees of $162,407.36 and issued 1,355,061 broker warrants pursuant to the Offering. The Company plans additional closing of both flowthrough and non-flow through shares shortly. Western Areas NL, which currently owns over 19 % of the equity of Mustang, will subscribe for a portion of the concurrent non-flow through offering to maintain its current ownership interest. Western Areas is the third largest nickel producer in Australia.

TORONTO, ONTARIO -- (Marketwire) -- 12/01/11 -- Mustang Minerals Corp. (TSX VENTURE: MUM)(FRANKFURT: NJF) ('Mustang' or the 'Company') today announced plans to complete a non-brokered financing for gross proceeds of up to $4,800,000. The proceeds from the financing will be used primarily for the Makwa Nickel Project feasibility study and exploration at the Company's Mayville Cu-Ni-PGM Property. Through its exploration

TORONTO, ONTARIO -- (Marketwire) -- 09/09/11 -- Mustang Minerals Corp. (TSX VENTURE: MUM)(FRANKFURT: NJF) ('Mustang') today released a corporate, exploration and project development update. The Company is progressing with a feasibility study for the Makwa Nickel Project and continuing with exploration at its Mayville Property. Mayville has a NI 43-101 resource of open pit copper nickel and is the site of new

TORONTO, ONTARIO -- (Marketwire) -- 06/02/11 -- Mustang Minerals Corp. (TSX VENTURE: MUM)(FRANKFURT: NJF)('Mustang') today announced that exploration drilling for platinum group metals is resuming at its Mayville Property in southeast Manitoba. The Company also updated other exploration information from the project including results from May11-28 which was drilled 100 meters to the west of the discovery drill section

TORONTO, ONTARIO -- (Marketwire) -- 05/05/11 -- Mustang Minerals Corp. (TSX VENTURE: MUM)(FRANKFURT: NJF) ('Mustang') today is pleased to announce the follow up drill results pursuant to its March 22nd, 2011 discovery of new platinum-palladium mineralization at its Mayville Property, southeast Manitoba, Canada. Three additional holes (MAY11-25 to MAY11-27) were drilled at 50 meter step-outs west, east and south from the

TORONTO, ONTARIO -- (Marketwire) -- 04/06/11 -- Mustang Minerals Corp. (TSX VENTURE: MUM)(FRANKFURT: NJF) ('Mustang') is pleased to provide an update on exploration and drilling relating to the new PGM discovery drill hole at its Mayville Property. Mustang recently announced results from MAY11-07 which intersected 9.15 meters at average grade of 9.5 g/t combined platinum and palladium within a wider zone of 41.16 meters

TORONTO, ONTARIO -- (Marketwire) -- 03/22/11 -- Mustang Minerals Corp. (TSX VENTURE: MUM)(FRANKFURT: NJF) ('Mustang') and 19.9% shareholder Western Areas NL (TSX: WSA)(ASX: WSA), are pleased to announce a significant new drill discovery of platinum and palladium ('PGM') mineralization at shallow depth at Mustang's 100% owned Mayville Property. The Mayville Property covers a large part of the northern portion of the Bird

TORONTO, ONTARIO -- (Marketwire) -- 03/03/11 -- Mustang Minerals Corp. (TSX VENTURE: MUM)(FRANKFURT: NJF) ('Mustang' or the 'Company') today announced positive results from exploration drilling at the Mayville Property located in southeast Manitoba. Drilling on the historical Hititrite Showings has shown that the new zone of copper-nickel-pgm mineralization begins at surface and extends to depth. The showing has not

TORONTO, ONTARIO -- (Marketwire) -- 02/02/11 -- Mustang Minerals Corp. (TSX VENTURE: MUM) ('Mustang' or the 'Company') is pleased to announce it has entered into an agreement to purchase the mill equipment which was formerly used at the Bouchard Hebert Mine near Rouyn-Noranda, Quebec. The equipment comprises substantially all of the grinding and milling equipment required to construct a nickel concentrator for Mustang's