Mitsubishi Corporation

Wall Street closed flat overnight after Federal Reserve Chairman Ben Bernanke said the interest rate would be hold at low for an extended period due to the subdued economy and low inflation.

Murchison Metals Limited (ASX:MMX)(PINK:MUMTF) is pleased to announce that a study update has been released by Crosslands Resources Limited (Crosslands). The update underlines Murchison's growing confidence in Jack Hills' potential as a large scale, multidecade project yielding substantial cash flows and economic value.

Murchison Metals Limited (ASX:MMX)(PINK:MUMTF) is pleased to present its financial statements for the 2009 financial year. 2009 was a year of great progress on the development of Murchison's assets, including its 50% interest in each of Crosslands Resources Ltd (Crosslands), owner of the Jack Hills iron ore project, and Oakajee Port and Rail (OPR), developer of new port and rail infrastructure to serve the mid-west mining industry.

A group of junior miners in Pilbara region have formed an alliance to develop an independent iron ore export terminal at Australia's Port Hedland, while the big miners have dominated their own infrastructure projects.

Murchison Metals Limited (ASX:MMX)(PINK:MUMTF) is pleased to announce that based on results from the current exploration program at the Jack Hills iron ore project Crosslands Resources Ltd (Crosslands) is targeting an additional 400 to 1,000 million tonnes of primarily beneficiation feed (BFO), with a component of direct shipping material (DSO).

Murchison Metals Limited (ASX:MMX)(PINK:MUMTF) is pleased to announce a number of new senior executive appointments at Oakajee Port and Rail (OPR) and Crosslands Resources Ltd (Crosslands).

Murchison Metals Limited (ASX:MMX)(PINK:MUMTF) welcomes the appointment of WorleyParsons as Project Management Study Contractor to the Oakajee Port and Rail Project. Murchison has a 50% interest in Oakajee Port and Rail (OPR), the project developer.

Murchison Metals Limited (ASX:MMX)(PINK:MUMTF) welcomes the Federal Government's commitment to provide A$339 million in funding for common use infrastructure at the Oakajee deepwater port project.

Murchison Metals Limited (ASX:MMX)(PINK:MUMTF) As at 31 March 2009 the Company was debt free and had cash and liquid investments of A$143 million, a decrease of A$18 million from the previous quarter. Included in this cash outflow are amounts paid to Crosslands and OPR of A$17 million to finance feasibility studies and exploration costs. Interest earned on investments for the quarter amounted to A$1.9 million.

Murchison Metals Limited (ASX:MMX)(PINK:MUMTF)(Murchison) is pleased to announce that the Premier of Western Australia, the Honourable Colin Barnett, MLA today signed a State Development Agreement with Oakajee Port & Rail (OPR) for the Oakajee port and rail infrastructure project.