Murchison Metals Limited (ASX:MMX) Response To Media Articles Regarding Oakajee Port And Rail Investment

Perth, June 14, 2011 AEST (ABN Newswire) - 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 ("OPR").

As Murchison stated in its Projects Summary released to the ASX on 11 May 2011, the Company is evaluating a wide range of potential funding options with respect to its funding obligations for OPR and Crosslands Resources' Jack Hills Expansion Project.

As also stated in that release, Murchison's strategic interests in the OPR and Crosslands businesses provide the Company with significant flexibility to structure any such funding arrangements.

The divestment of all or some of the Company's direct stake in OPR is one of several potential options open to Murchison to assist in funding its share of the Oakajee infrastructure project and the Jack Hills Expansion Project.

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