Mustang Geothermal Announces Changes to Officers and Board of Directors

RENO, Nev., April 8, 2011 /PRNewswire/ -- MUSTANG GEOTHERMAL CORP. (OTCBB: URXE) ("Mustang" or the "Company") is pleased to announce that Mr. Kevin J. Pikero has been appointed CFO, Principal Accounting Officer, and Director replacing Mr. Gerald Aberle who is resigning as Director to pursue other business opportunities.

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Kevin J. Pikero is a practicing Certified Public Account (CPA) in Reno, Nevada with 33 years' experience in the financial and accounting business. Mr. Pikero currently operates Kevin J. Pikero & Associates, Inc. Certified Publics Accountants in Reno, Nevada providing accounting, tax, and financial services for a select regional clientele of corporations, partnerships, sole proprietors and individuals. Mr. Pikero's professional history includes employment with Haims & Company – CPA's, E.F. Hutton Credit Corp., Barclays Business Credit Inc., Truckee River Bank, Bank of America Community Development Bank, and United American Funding Inc.  Mr. Pikero is a graduate of Bentley University of Waltham, MA with a Bachelor of Science degree in Accounting and the University of Bridgeport, Bridgeport, CT with a Masters of Business Administration degree with focus on finance.

The Company would like to thank Mr. Aberle for the valuable insights and experience he made available to the Company during his tenure as a Board member and he will continue to consult to the Company in relation to drilling management and advanced development projects.

About Mustang Geothermal Corporation

Mustang Geothermal owns a 100% interest in 6,620 hectares of Federal geothermal leases in five project areas in the state of Nevada and holds 3,600 hectares of geothermal applications in four project areas in Peru.  Mustang also owns a 100% interest in the La Jara Mesa Extension uranium property consisting of 137 unpatented mining claims in the Grants Mining District, Cibola County, New Mexico.  

This news release was prepared on behalf of the Board of Directors, which accepts full responsibility for its contents.

On behalf of the Board:

"Richard Bachman"

___________________
Richard Bachman
CEO and Director
MUSTANG GEOTHERMAL CORP.

For further information on the Company, please call our investor relations group at 702-530-5744 or by e-mail at [email protected], or visit our website www.mustangeothermal.com

SOURCE Mustang Geothermal Corporation