Murchison Metals Limited (ASX:MMX) Received Feasibility Studies From Crosslands and Oakajee Port and Rail

Perth, July 1, 2011 AEST (ABN Newswire) - Murchison Metals Limited (ASX:MMX) (PINK:MUMTF) advises that it has today received feasibility studies for the Jack Hills Expansion Project and the Oakajee port and rail infrastructure project from Crosslands Resources Ltd ("Crosslands") and Oakajee Port & Rail ("OPR") respectively.

Murchison holds a 50% interest in both projects though its joint ownership of Crosslands and OPR with Mitsubishi Development Pty Ltd ("Mitsubishi").

Given the comprehensive nature of the reports, the Company will require sufficient time to properly consider and verify the information provided by Crosslands and OPR prior to any announcement.

As stated previously, the Company expects to make an announcement with respect to the feasibility study outcomes on or before the commencement of trading on Monday 4 July.

Contact

Paul Kopejtka Executive Chairman Murchison Metals Ltd Tel: +61-8-9492-2600 John Phaceas Manager External Relations Murchison Metals Tel: +61-8-9492-2600 Mob: +61-411-449-621 Email: info@mml.net.au http://www.mml.net.au