Murchison Metals Limited (ASX:MMX) FIRB Approval for Mitsubishi Transaction

Murchison Metals Ltd (ASX:MMX) (PINK:MUMTF) has been advised that the Foreign Investment Review Board has issued a letter of no objection in relation to the proposed sale of the Company's interests in Crosslands Resources Ltd ("Crosslands") and Oakajee Port & Rail ("OPR") to Mitsubishi Development Pty Ltd ("Mitsubishi") for $325 million ("FIRB Approval").

FIRB Approval was one of the conditions precedent of the proposed sale to Mitsubishi.

Documentation for a General Meeting of shareholders to be held in February 2012, including an independent experts report on the proposed transaction, will be mailed to shareholders in January.

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