New Energy Minerals Ltd

Mustang Resources Ltd (ASX:MUS) (OTCMKTS:GGPLF) is pleased to provide the following report on its activities during the March quarter 2017.

Mustang Resources (ASX:MUS) (OTCMKTS:GGPLF) is pleased to announce that it intends to sell the first rubies from its rapidly growing gem-ruby inventory as rough stones at an auction/tender to bulk buyers targeted for October 2017.

Mustang Resources Ltd (ASX:MUS) (FRA:GGY) is pleased to announce that its gem-ruby inventory has grown to 63,989cts with strong receipts from prospecting teams and processing from the Alpha deposit in the first three weeks of March.

Mustang Resources Ltd (ASX:MUS) (FRA:GGY) is one of only two listed ruby miners in the world and is developing its flagship Montepuez Ruby Project in Mozambique. Mustang has identified multiple ruby deposits on its 195sqkm land package, where it is conducting an aggressive drilling campaign to calculate a JORC Resource in the second half of this calendar year.

Mustang Resources Ltd (ASX:MUS) is pleased to provide the Company's latest Investor Presentation.

This half-year report covers the consolidated entity consisting of Mustang Resources Limited (ASX:MUS) (OTCMKTS:GGPLF) and the entities it controlled during the half-year ended 31 December 2016.

Mustang Resources (ASX:MUS) (OTCMKTS:GGPLF) is pleased to announce that it is set to export the second commercial parcel of gem-quality rubies from its Montepuez Project in Mozambique in a move which is expected to significantly increase the Company's sales revenue in 2017.

Mustang Resources Ltd (ASX:MUS) is pleased to announce that it has made a spectacular high-grade graphite discovery at its 80% owned Caula Project (License 6678L) along geological strike of the Syrah Resources (ASX:SYR) world-class Balama graphite project in Mozambique.

Mustang Resources Ltd (ASX:MUS) is pleased to announce the issuance of a research report compiled by New York-based consulting firm, RB Milestone Group LLC ("RBMG"), for distribution to its North American investor network.

Mustang Resources Ltd (ASX:MUS) is pleased to announce that Managing Director, Christiaan Jordaan, will be undertaking a series of investor meetings in North America between 1 and 8 March 2017 to introduce the Company's Montepuez Ruby Project to sophisticated and institutional investors.