ABN Newswire Stocks to Watch: January 18, 2010

Sydney, Jan 18, 2010 AEST (ABN Newswire) - Galaxy Resources Limited (ASX:GXY) (PINK:GALXF) announced that its application for a large mining lease covering all of the Company's Mt Cattlin tenements and tenement applications has been approved by the Department of Mines and Petroleum.

Murchison Metals Limited (ASX:MMX) (PINK:MUMTF) said that John Langoulant has been appointed Chief Executive Officer of Oakajee Port & Rail ("OPR"). Mr Langoulant is a former Under Treasurer in the Government of Western Australia and Chief Executive of the WA Chamber of Commerce & Industry. In his new role, Mr Langoulant will oversee the development of OPR's port and rail infrastructure project to serve the mining industry in WA's mid-west region.

Otto Energy Limited (ASX:OEL) (PINK:OTTEF) advises that it has entered into a seismic acquisition and farm in option agreement in respect to its SC55 permit in the Philippines with BHP Billiton (BHPB). Under the agreement, Otto is required to secure seismic services providing for the commencement of the seismic acquisition. BHPB will fund the acquisition and processing of a minimum of 1,000 km2 and up to 2,000 km2 of 3D seismic in SC55. In consideration Otto has agreed to grant BHPB exclusivity to review the entire seismic data base and exercise an option to farm-in to SC55.

Mission NewEnergy Limited (ASX:MBT) said that its wholly owned subsidiary Mission Biotechnologies SDN BHD, which operates Mission's 100,000 tpa biodiesel refinery, has received the renown ISO9001:2008 certification. ISO9001 is by far the world's most established quality framework and achievement of this certification demonstrates that the quality of Mission's management systems, processes, operating standards and procedures employed are best of breed.

Coalspur Mines Limited (ASX:CPL) (PINK:CSPZF) said following shareholder approval, the second tranche of the Company's previously announced share placement has now been completed, consisting of 1,000,000 million shares to Mr Gene Wusaty, Managing Director and Chief Executive Officer, and his nominees comprising other senior management of the Company.

Contact

Michelle Liang Asia Business News Asia Bureau Tel: +61-2-9247-4344 Email: michelle.liang@abnnewswire.net