extension approval, page-9

Oakajee is once again a pawn in the middle of a government spat. There is nothing new about opposition to the government funding at Oakajee 20-March-09

On a brighter note AGM Chairman`s Address and Presentations
I am very pleased to announce that the Company has recently signed a terms sheet with a fund managed by Denver based Resource Capital Funds, whose funds have been a long term supportive shareholder of Murchison, for a US$100m working capital bridge facility. The facility, which is for a term of 12 months, will provide funds for Murchison to meet its share of expenditure to complete feasibility studies for the mine and infrastructure projects and approved early construction works. The facility is subject to completion of binding legal documentation and the satisfaction of customary conditions precedent to draw down.