Mustang Minerals Corp. is focused on world class projects exploring for platinum group metals and nickel. Key projects in the current portfolio are:

1. Maskwa Property (M1) Overview
i) Environmental Assessment: Maskwa Nickel Project.

2. BIRD RIVER/MASKWA PROPERTY MAP
-Drill location map: Maskwa project
-Cross Section Drill Holes MM08-128 and MM09-140

3. Mayville (M2) Property Images including...
i) M2 Long Section
ii) M2 Core Images (several)

4. Fox Property Location Map

5. Bannockburn Nickel Project

6. East Bull Lake PGM Property - a 100% owned property

The properties cover large parts of a belt of rift related layered intrusions known as the Huronian-Nipissing Magmatic Belt. The layered intrusions that are part of this belt include the River Valley, East Bull Lake, Agnew and Drury Intrusions. The PGM potential of this belt was outlined by geologists from Laurentian University commencing in 1989. Their research is summarized in several Open File repots published by the Ontario Geological Survey.

The primary metal credit found in the the rocks of this belt is palladium. From a historical perspective the price of palladium has climbed from a low of US$ 130 per ounce in 1989 to over US$1000 per ounce in January 2001 . This price increase and the strategic importance of palladium has dramatically enhanced the economic potential of the Sudbury layered intrusions and Mustang's properties.

Platinum Group Metals (PGM) are comprised partly of platinum, palladium and rhodium. Platinum and palladium are used in catalytic converters in the automotive industry and are used extensively in high tech applications, fuel cells and jewellery. Rhodium is used in the platinum hardening process, and in jewellery. Most of the world's production comes from politically unstable areas (South Africa and Russia). PGM's are the rarest of precious metals and have supplanted gold as the most valuable.

The medium to long term supply/demand fundamentals look excellent for platinum group metals due to rising demand and scarcity of supply. To update palladium prices, click here for NYMEX Palladium.

World Nickel demand is expected to remain very strong and supplies tight for the foreseeable future. Nickel demand has grown about 7% the last couple of years and has been fueled by stainless steel growth in China. Economic strength in both the US and Japan have resulted in continued strong Nickel demand as well.