Mitsubishi Corporation

Murchison Metals Limited (ASX:MMX) (PINK:MUMTF) is pleased to provide the project summary for the Oakajee infrastructure project and the Jack Hills Expansion Project.

Asian Activities Report for May 4, 2011 includes: Liquefied Natural Gas Limited (ASX:LNG) has executed a Share Placement Agreement with a wholly owned subsidiary of China National Petroleum Corporation; Tap Oil Limited (ASX:TAP) has agreed to sell a 25% interest in the WA-351-P exploration permit in Western Australia to Japan Australia LNG Pty Ltd; Orocobre Limited (ASX:ORE) (TSE:ORL) announced the results of its definitive Feasibility Study of the Salar de Olaroz lithium-potash brine project in Argentina; AusQuest Limited (ASX:AQD) is undertaking major drilling programs to test priority gold prospects at Comoe Project in Burkina Faso.

Murchison Metals Limited (ASX:MMX) (PINK:MUMTF) is pleased to advise that the Commonwealth Department of Sustainability, Environment, Water, Population and Communities has determined that the proposed Jack Hills Expansion Project is not a controlled action under the Environment Protection and Biodiversity Conservation Act and therefore does not require further assessment under the EPBC Act.

Murchison Metals Limited (ASX:MMX) (PINK:MUMTF) is pleased to advise that the Government of Western Australia and the Oakajee Port & Rail Joint Venture Participants have executed documentation for the extension of the State Development Agreement for the Oakajee port and rail infrastructure project.

Murchison Metals Limited (ASX:MMX) (PINK:MUMTF) reported an after tax profit from continuing operations of A$3.3 million for the half year ended 31 December 2010.

Murchison Metals Limited (ASX:MMX) (PINK:MUMTF) is pleased to provide a project update for the Jack Hills Expansion Project (JHEP), following the achievement of a key technical milestone in the Bankable Feasibility Study (BFS).

Murchison Metals Limited (ASX:MMX) (PINK:MUMTF) is pleased to announce that the Government of Western Australia has today agreed to grant an extension to the State Development Agreement (SDA) for the Oakajee port and rail infrastructure project in Western Australia.

CanAlaska Uranium Limited (CVE:CVV) (OTC:CVVUF) is pleased to announce that it will be attending the PDAC 2011 Mining Convention at the Metro Toronto Convention Centre between March 6 - 9, 2011.

Murchison Metals Limited (ASX:MMX) (PINK:MUMTF) is pleased to release Chairman's address at 2010 Annual General Meeting.

Murchison Metals Limited (ASX:MMX) (PINK:MUMTF) wishes to respond to reports and speculation on the structures and joint venture agreements underpinning its mining and infrastructure businesses in the mid-west region of Western Australia.