Macarthur Minerals Limited
TSX VENTURE : MMS

Macarthur Minerals Limited

December 11, 2008 19:31 ET

Macarthur Minerals Warrant Exercise

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 11, 2008) - Macarthur Minerals Limited (TSX VENTURE:MMS) (the "Company") is pleased to announce the exercise of 500,000 warrants at an exercise price of CAD $2.00 per share, raising an additional CAD $1 million in working capital.

The Company currently has approximately CAD $4.8 million in its treasury and its subsidiary has CAD $1.7 million. After the issue of these shares, the Company's issued and outstanding capital will be 19,038,650 common shares.

On behalf of the Board of Directors,

MACARTHUR MINERALS LIMITED

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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