ASX RELEASE 25 May 2015

ASX: MGV MUSGRAVE MINERALS LTD BROADCAST BOARDROOM RADIO INTERVIEW MUSGRAVE MINERALS LTD (MGV) is pleased to provide investors with the opportunity to view a web interview with Managing Director, Rob Waugh on Boardroom Radio ("BRR").

• To view the webcast please copy the following details into your web browser:

http://brrmedia.com/event/138726

The subject of the interview is as follows:

Musgrave Identifies Strong Conductor at Mamba

• Ground EM surveys have identified three conductors at Mamba to date

• The conductor at target M8 is very strong with a modelled conductance that is consistent with a massive sulphide source

• The Mamba nickel-copper project is in the same belt as the world class Nova- Bollinger nickel-copper sulphide discoveries

• Ground EM surveys are ongoing and drill testing is to commence in late June

The interview will be available from 10:00am AEST, Monday 25th May 2015

For more information visit www.musgraveminerals.com.au

Enquiries: Robert Waugh Managing Director Musgrave Minerals Ltd

+61 8 9324 1061

Competent Person's Statement

The information in this report that relates to Exploration Targets, Exploration Results, Mineral Resources or Ore Reserves is based on information compiled and/or thoroughly reviewed by Mr Robert Waugh, a Competent Person who is a Fellow of the Australasian Institute of Mining and Metallurgy (AusIMM) and a Member of the Australian Institute of Geoscientists (AIG). Mr
Waugh is Managing Director and a full-time employee of Musgrave Minerals Ltd. Mr Waugh has sufficient experience that is
relevant to the style of mineralisation and type of deposit under consideration to qualify as a Competent Person as defined in the
2012 Edition of the 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves'. Mr Waugh consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.

About Musgrave Minerals

Musgrave Minerals Ltd is an active Australian base and precious metals explorer with a large exploration footprint in the Musgrave Province in South Australia, projects in the Southern Gawler Craton of South Australia and a new nickel-copper sulphide project in the highly prospective Fraser Range region of Western Australia. Musgrave has a powerful shareholder base with four mining and
exploration companies participating as cornerstone investors.

28 Richardson Street, West Perth WA 6005

Telephone: (61 8) 9324 1061 Fax: (61 8) 9324 1014

Web: www.musgraveminerals.com.au Email: info@musgraveminerals.com.au

ABN: 12 143 890 671

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