Murchison Metals Limited

Murchison Metals Limited (ASX:MMX) (PINK:MUMTF) is pleased to announce it has received feasibility studies from its 50% owned Crosslands Resources Ltd iron ore mining business and OPR infrastructure business in the mid-west region of Western Australia. Murchison's joint venture partner in both businesses is Mitsubishi Development Pty Ltd.

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 and Oakajee Port & Rail respectively.

Murchison Metals Limited (ASX:MMX) (PINK:MUMTF) wishes to provide an update on the Jack Hills Expansion Project and the Oakajee port and rail infrastructure project.

Murchison Metals Limited (ASX:MMX) (PINK:MUMTF) advises that the Commonwealth Department of Sustainability, Environment, Water, Population and Communities has granted approval under the Environment Protection and Biodiversity Conservation Act for Oakajee Port & Rail's proposed rail development.

Murchison Metals Limited (ASX:MMX) (PINK:MUMTF) notes weekend media reports in the Australian press referring to the potential divestment of all or some of Murchison's 25% direct interest in Oakajee Port & Rail.

Murchison Metals Limited (ASX:MMX) (PINK:MUMTF) is pleased to announce the appointment of four senior independent Non-executive Directors to significantly enhance the capability and independence of the Company's Board.

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.

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.