Macarthur Minerals Appoints New Transfer Agent

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 24, 2011) -

THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO UNITED STATES SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Macarthur Minerals Limited (TSX VENTURE:MMS)(OTCQX:MMSDF) ("the Company") is pleased to announce that effective June 13, 2011 the Company has changed its transfer agent from CIBC Mellon Trust Company to Computershare Investor Services Inc. ("Computershare").

With offices in Australia, England, Ireland, Scotland, Germany, South Africa and the United States, over the past five years Computershare has become a global market leader in transfer agency and share registration, employee equity plans, proxy solicitation and stakeholder communications. Computershare also specializes in corporate trust services, tax voucher solutions, bankruptcy administration and a range of other diversified financial and governance services.

As a growing Company with an expanding shareholder base, the Company looks forward to the range of outstanding services that Computershare will be able to provide.

From this date forward, all inquiries and correspondence relating to shareholder records, transfer of shares, lost certificates, or change of address should be directed to your local Computershare representative:

Further information on Macarthur Minerals Limited and technical reports on the Lake Giles project can be found on the company's website www.macarthurminerals.com or www.sedar.com .

ABOUT MACARTHUR MINERALS LIMITED (TSX VENTURE:MMS)(QTCQX:MMSDF)

Macarthur Minerals Limited, is a Perth, Australia based resource development company that is currently focused on developing its Lake Giles iron ore projects, located in the Yilgarn iron ore district in Western Australia. The Lake Giles projects are located 110Km from rail with direct ac- cess to the Port of Esperance, Western Australia. The projects have an aggregate inferred re- source of 1.3 billion tonnes of magnetite mineralization and 18 million tonnes of potential Direct Shipping Ore (DSO) Goethite/Hematite at 55.5% Fe, that has been reported in accordance with National Instrument 43-101 as filed in previous technical reports on January 9, 2011, December 17, 2009 and March 24, 2011.

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Between the European Union Competition Committee coming out and saying that it does not want financial information vendors to have any conflicts of interest and now this demonstration that being a large firms does not guarantee performance, when is the ECB going to drop its support of the Market Group's effort and select the only firm with the proven expertise and lack of conflicts of interest to put together the ABS data warehouse? , the attorney general of New York, who has teamed with Joseph R. Biden III, his counterpart from Delaware. Their effort centers on the back end of the mortgage assembly lines — where big banks serve as trustees overseeing the securities for investors — according to two people briefed on the inquiry but who were not authorized to speak publicly about it.  The rules governing the securitization process are labyrinthine, and there are steps required if the investment is to comply with tax laws and promises made by the issuer in its offering document. If the trusts did not comply with tax laws, for example, the beneficial treatment given to investors could be rescinded, causing taxes to be levied on the transactions.  The terms of these mortgage deals varied, but many of them required that the trustee examine each of the loan files as soon as they came in from the Wall Street firm or bank issuing the security. For a file to be complete, it would typically have to include all of the information necessary to establish a chain of ownership through the various steps of the bundling process, as when the originator transferred it to the issuer of the security who then moved it to the trustee.  © 2010, TYI, LLC. This blog contains the current opinions of the author. The author’s opinions are subject to change without notice. This blog is distributed for informational purposes and the author's enjoyment only. Forecasts, estimates, and certain information contained herein are based upon proprietary research and should not be considered as investment advice or a recommendation of any particular security, strategy or investment product. Information contained herein has been obtained from sources believed to be reliable, but not guaranteed.

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