ASX, AIM and Media Release7May 2007Murchison United NL Launches...

ASX, AIM and Media Release
7May 2007
Murchison United NL Launches $6.6 Million Capital Raising
Murchison United NL (“Murchison” or “The Company”) (ASX:MUR, AIM:MUU)
The Directors of Murchison United NL are pleased to advise that the Company
has reached in-principle agreements with Hartleys Limited and DJ Carmichael
Pty Ltd to raise up to A$6.6 million through the issue of up to 60 million ordinary
shares at an issue price of 11 cents per share.
The issue is being undertaken in two tranches, with the first tranche comprising
40,876,662 shares at A$0.11 per share placed pursuant to the Company’s 15%
placement authority and the second tranche of up to 19,123,338 shares at
A$0.11 per share placed subject to shareholder approval at a general meeting of
shareholders, in respect of which a notice of meeting will be forwarded to
shareholders shortly.
The funds raised through the placement will be used by Murchison to progress
its uranium and copper projects which may include:
· exploration and drilling programmes for the Company’s extensive portfolio
of uranium exploration projects comprising some 13,600km2 of highly
prospective tenements in Mauritania and Guinea, West Africa;
· pursuing a planned drilling programme at its Millenium copper project in
the Cloncurry region of Queensland, Australia;
· funding Murchison’s share of the works programme being developed with
its joint venture partner, Aditya Birla Minerals, for its 50% interest in the
Maroochydore copper project in Western Australia; and
· the ongoing investigation of other resource opportunities in Australia and
internationally.
Commenting on the strong level of support for the placement, Mark Reilly,
Managing Director of Murchison, stated: “We are delighted with the strong
interest in this placement which will allow the Company to aggressively progress
its existing projects and its ongoing appraisal of new projects.”

Application will be made to the AIM market of the London Stock Exchange
(‘AIM’) for admission to trading of these ordinary shares.
Please call Mark Reilly with any queries.
Mark Reilly
Managing Director