Murchison Metals Limited

Tuesday, 25 January, 2005 - 21:00

Proposed code: MMX

Issue price: $0.20 plus one attaching option for every two shares held. Options exercisable at 20 cents on or before November 30 2007.

Principal activities: Mining and development of an iron ore deposit and other minerals located in Western Australia.

Corporate: Robert Vagnoni (chairman/managing director); Paul Kopejtka (technical director); and Ross Lorking (director/company secretary). – www.mml.net.au – (08) 9481 3866

Murchison plans to raise $5.5 million from its share and attaching option offer to fund its mining activities in WA.

Underwriter: Martin Place Securities