Macarthur Minerals Limited

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,


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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