Macarthur Minerals Limited

Macarthur Minerals Limited

February 26, 2009 09:15 ET

Macarthur Minerals Limited: Update on Minmetals Proposed Purchase of 50% Interest in Lake Giles Project for C$100 Million

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 26, 2009) - Macarthur Minerals Limited ("MMS") (TSX VENTURE:MMS), confirms as a result of a number of inquiries from interested parties, that Minmetals Mining Corporation Limited has until the 2nd of March 2009 to exercise its right to acquire a 50% interest in Internickel Australia Pty Ltd for C$100 million.

A further release will be made by the Company on Monday the 2nd of March 2009 to advise the outcome of the transaction.

On behalf of the Board of Directors,


David K. Barwick, President, Chairman & CEO

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

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