Murchison Metals Limited (ASX:MMX) Reports On Crosslands Significant Drill Intersections At New Jack Hills Target Zone

Perth, Mar 31, 2010 AEST (ABN Newswire) - Murchison Metals Limited (ASX:MMX) (PINK:MUMTF) is pleased to announce that Crosslands Resources Ltd has reported significant drill intersections of massive hematite from exploration drilling at the Brindal prospect, including:

- Hole MHRC1120, 62 -162m down hole; 100m at 67.5% Fe;

- Hole MHRC1043, 58 -130m down hole; 72m at 68.5% Fe; and

- Hole MHRC1006, 50 - 114m down hole; 64m at 68.3% Fe.

Brindal, located 2.5km south of the main Jack Hills orebody, is the first of several identified exploration targets located outside the main resource position at Jack Hills.

Following the success of the initial drilling campaign, Crosslands will proceed with follow-up drilling of the remaining 5km of the underexplored Brindal Gap.

Murchison Executive Chairman Paul Kopejtka said: "Murchison has always had confidence in Brindal as a potential source of DSO for the planned expansion of Jack Hills. These results are very encouraging and confirm our expectations".

Additional drilling is planned at Brindal and other DSO targets during 2010 and will be included in resource updates as the Bankable Feasibility Study for the Jack Hills expansion project is progressed.

Murchison and Mitsubishi Development Pty Ltd each own 50% of Crosslands.

Contact

Trevor Matthews Managing Director Murchison Metals Ltd Tel: +61-8-9492-2600