Murchison Metals Limited

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).

As at 30 June 2009 Murchison Metals Limited (ASX:MMX)(PINK:MUMTF) was debt free and had cash and liquid investments of A$126 million, a decrease of A$17.7 million from the previous quarter. Included in this cash outflow are amounts paid to Crosslands and OPR of A$15.3 million to finance feasibility studies and exploration costs. Interest earned on investments for the quarter amounted to A$1.3 million.

Murchison Metals Limited (ASX:MMX)(PINK:MUMTF) refers to a media report in today's edition of The West Australian under the headline 'Barnett's push for China role gets boost' referring to developments between Oakajee Port & Rail ("OPR") and a number of major Chinese groups.

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 appointment of two senior industry executives to the management team of its 50% owned infrastructure business Oakajee Port & Rail (OPR). Jim Netterfield and Alwyn Vorster have been appointed by OPR as Operations Director and Director - Supply Chain respectively.

Murchison Metals Limited (ASX:MMX)(PINK:MUMTF) is pleased to announce it has commenced scoping study work on its 100% owned Rocklea Iron Ore Project. The Rocklea Project is located in the Pilbara region between the towns of Tom Price and Paraburdoo, and is situated near existing and planned rail infrastructure.

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.

Yesterday Australian shares closed 1% higher as most sectors surged. The benchmark S&P/ASX200 index rose 33.9 points, at 3480.2 while the All Ordinaries index was up 0.9%, or 30.60 points, at 3416.8. The local mining and energy sectors could be buoyed by the rising gold and oil prices today despite the negative lead from the US.

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.