Mustang Alliances, Inc. announced that its Honduran affiliate has applied to the Honduran Ministry of Mines (DEFOMIN), for nine new Concessions totaling 9,000 hectares, in the Southern Honduras area of the Nicaraguan Trough Gold Belt. The new Concessions surround and lie adjacent to, Mustang's existing concessions thereby expanding its core concessions area. Mustang intends to submit exploration, development as well as environmental plans to DEFOMIN in the near term. The new Concessions appears to contain stacked epithermal quartz zones with enhanced Au (Gold), Ag (Silver) and Cu (Copper) mineralization. Previously completed surface samples in pits and trenches returned in excess of 10g/t Au values. Upon final approval from DEFOMIN, the company will incorporate the additional acreage into its 2012 exploration and development plans.