MUU Murchison Utd

RNS Number:6833J
Murchison United NL
29 September 2006



                                                       ASX,AIM and media release

                                                               29 September 2006


Maroochydore Copper Project Receives Creditors Approval


The directors of Murchison United NL (ASX: MUR, AIM: MUU) are pleased to confirm
that at a creditors meeting of Renison Bell Limited (Subject to Deed of Company
Arrangement) held today in Hobart, Tasmania a resolution was passed to approve
amending the DOCA such that the interest in the Maroochydore Copper Project in
Western Australia is excluded from the DOCA.  This will enable Renison Bell to
assign the interest in the Maroochydore Copper Project to another 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 DOCA and the return of
Renison Bell to Murchison all creditors (excluding Murchison) will be offered by
Murchison an amount of A$170,000 and 12,500,000 fully paid ordinary shares in
Murchison.  This will enable Renison Bell's share of the Maroochydore Copper
Project to be transferred to a new subsidiary of Murchison.


The Directors are pleased with this result and look forward to settlement of the
transfer in due course.


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

Mark Reilly
Managing Director


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