Mustang Resources : Cleansing Notice

15 January 2018

Notice given under Section 708A(5) of the Corporations Act

Mustang Resources Limited (MUS or the Company) issued 996,064 fully paid Ordinary Shares 15 January 2018. The fully paid Ordinary Shares now issued are part of the quoted securities class. These shares are subject to vesting conditions.

The Corporations Act restricts the on-sale of these Shares which have been issued without disclosure, unless the sale is exempt under Section 708 or 708A. Through the release of this Notice by Mustang Resources Limited; sale of the Securities noted above will fall within the exemption in Section 708A(5) of the Corporations Act and will be able to be traded immediately.

As at the date of this notice, the Company has complied with:

• (a) the provisions of Chapter 2M of the Corporations Act as they apply to the Company; and

• (b) Section 674 of the Corporations Act.

The Company confirms that, as at the date of this Notice, there is no information that:

• (a) has been excluded from a continuous disclosure notice given to ASX in accordance with the ASX Listing Rules; and

• (b) investors and their professional advisers would reasonably require for the purpose of making an informed assessment of:

  • (i) the assets and liabilities, financial position and performance, profits and losses and prospects of the Company; and

  • (ii) the rights and liabilities attaching to fully paid ordinary shares,

to the extent to which it would be reasonable for investors and their professional advisers to expect to find such information in a disclosure document.

Yours faithfully

Robert Marusco Company Secretary

MUSTANG RESOURCES LIMITED

Perth Office - Level 3, 9 Bowman Street, South Perth WA 6151 Australia

Perth Telephone: [phone]

Registered Office: PO Box 840, South Perth WA 6951

ACN: 090 074 785 | Website:www.mustangresources.com.au