USA, Nevada:

Mustang Geothermal Corp. Announces the Results of a Special Shareholders Meeting (Press Release - Marketwatch)

The Name of the Company will Change  of the Company to Dakota Territory Resource Corp. 

Mustang Geothermal Corp. has announced the results of a Special Shareholders Meeting held in Reno, Nevada on March 8, 2012. Called and held in accordance with the Company's by-laws, 21,625,000 shares, or approximately 63% of the total common shares issued and eligible to cast votes, voted to approve and authorize the Board of Directors of the Company to: 

1. Implement a 10:1 reverse split on all of the common shares of Mustang; 
2. Change the name of the Company to Dakota Territory Resource Corp, and apply for a new ticker symbol; and 
3. Acquire all of the issued and outstanding common shares of North Homestake Mining Company (North Homestake), a Nevada Corporation, subject to the terms and conditions of a material definitive agreement between the Company and North Homestake dated March 8th, 2012, or as amended by the Company and North Homestake prior to closing, which is set for March 31, 2012, or as soon as is legally practicable thereafter, taking into consideration regulatory review and approval of the Securities and Exchange Commission and the Financial Industry Regulatory Authority. 

Richard Bachman, Director of Mustang and familiar with gold mining and exploration in the Black Hills, commented, "This area has a significant gold mining and production history and this presents a growth opportunity for the Company."

Gerry Berg, Director of Mustang, commented, "The acquisition of North Homestake's exploration properties represents a solid opportunity for the Company as well as its shareholders."

The Company also announced today the filing of Form 8-K with the Securities and Exchange Commission reporting its entry into the material definitive agreement with North Homestake.

ABOUT MUSTANG GEOTHERMAL CORP.
Mustang Geothermal owns a 100% interest in 4,536 hectares of Federal geothermal leases in four project areas in the state of Nevada and holds 6,300 hectares of geothermal exploration concessions in seven areas (Banos del Inca, Paclla, Ninobamba, Atecata, Coline, and Condoroma South & Condoroma) in Peru.