Level 11, 139 Macquarie Street, Sydney, NSW, 2000

ASX ANNOUNCEMENT ASX Code: MMX 12 September 2013 UPDATE ON BUY BACK ACCEPTANCE AND DIRECTOR RESIGNATION

Murchison Metals Ltd (the Company) advises that one of its substantial shareholders, POSCO, which has voting power of 13.45% of the Company's shares, has decided to accept the buy-back offer.
As foreshadowed in the Shareholder Booklet, Mr Soocheol Shin, who was nominated as a non- executive director of the Company by POSCO, intends to resign as a director on completion of the buy- back offer. A replacement director will be advised following this event.
-ENDS-

For further information, please contact:

Mark Licciardo

Company Secretary Murchison Metals Ltd Ph +61 3 8689 9997

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