Mr. James Black of the CSE reports

CANADIAN SECURITIES EXCHANGE WELCOMES LISTING OF ALLIED STRATEGIC RESOURCE CORP.

The Canadian Securities Exchange has welcomed the listing of Allied Strategic Resource Corp. The Vancouver-based company was created through a spinoff of Mustang Energy Corp.'s interests in three uranium properties in Saskatchewan's Athabasca basin. The common shares were listed for trading on the CSE today under the symbol ASR.

Allied Strategic's three properties are Ford Lake, Roughrider South and Cigar Lake East. They are located in underexplored areas of the Athabasca basin that the company believes offer strong discovery potential. The flagship asset is Ford Lake, and activity at this project is expected to accelerate as it receives more resources and attention as part of the new stand-alone company.

"The fundamentals of the uranium market are very strong, with dozens of new nuclear reactors under construction and scheduled to come on-line in the coming years," said Stuart Schady, the CSE's vice-president, business development. "Saskatchewan's Athabasca basin holds the richest uranium deposits in the world, and we are pleased to welcome another company to the CSE that is focused on exploration in the region."

Nick Luksha, chief executive officer of Allied Strategic, noted: "This listing represents the foundation for what we intend to build at Allied Strategic Resource Corp. We are assembling the assets, the strategy and the team required to pursue meaningful uranium discoveries in the Athabasca basin. As nuclear energy continues to gain global support as a critical clean-energy solution, we believe this is the right time to launch a focused uranium exploration company and deliver shareholders value through disciplined execution and strategic growth."