MUU Murchison Utd

RNS Number:9436H
Murchison United NL
22 August 2006



                                                       ASX,AIM and media release

                                                                22nd August 2006





Group Restructure

Concerning Maroochydore Copper Project



The directors of Murchison United NL (ASX: MUR, AIM: MUU) are pleased to
announce that the Deed Administrators appointed to Murchison subsidiary Renison
Bell Limited (Subject to Deed of Company Arrangement) have agreed subject to
conditions, the transfer of that Company's interest in the Maroochydore Copper
Project in Western Australia to a subsidiary of Murchison.



Renison Bell Limited (Subject to Deed of Company Arrangement) prior to the
appointment of Administrators owned the Renison Bell tin mine in Tasmania and a
50% share in the Maroochydore Copper Project. During Administration the tin mine
operations were sold to a third party. To complete the divestment of Renison
Bell assets Murchison has offered creditors (excluding Murchison) an amount of
A$170,000 and 12,500,000 fully paid ordinary shares to enable the Company's
share of the Maroochydore Copper Project to be transferred to a new subsidiary.
The deed Administrators have agreed to the proposal and will be recommending the
offer to the creditors at a meeting to be held prior to the 30th September 2006.
Murchison will be eligible to vote at the creditors meeting. Based on Proof of
Debts lodged and accepted to date, Murchison accounts for 55% of the creditors'
in value. Once accepted by creditors, Murchison may convene a meeting of
shareholders to approve the share issue.



The Maroochydore Copper Project is subject to a joint venture with Aditya Birla
Minerals Limited (ASX:ABY) who controls 50% and is the operator. The project is
located approximately 100km southeast of their Nifty Copper mine operations and
60km south southeast of the Telfer copper-gold mine.



A summary of the Maroochydore Copper Project is reported on page 12 of the
Aditya Birla Minerals Limited Annual Report for the year ended 31st March 2006.



The directors are pleased that the Maroochydore Copper Project is retained
within the group. The Directors look forward to an effective business
relationship with representatives of Aditya Birla Minerals Ltd.

















While still remaining focused on a uranium strategy Murchison is mindful of the
opportunities available from its two Copper interests, Maroochydore in Western
Australia and the Millenium mining leases in Queensland. While the primary focus
of Murchison is to progress the West African uranium properties the Directors
are confident that the copper assets could be strategically valuable to a copper
focused entity or a separately listed entity.





Please call Mark Reilly if you have any queries. Telephone + 61 (08) 9322 4071.






.........................

Mark Reilly

Managing Director


                      This information is provided by RNS
            The company news service from the London Stock Exchange
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