Macarthur Minerals Limited Presents at John Tumazos Very Independent Research Metals & Mining Conference, Mar-28-2013 01:00 PM. Venue: The Westin New York Grand Central, 212 E 42nd St., New York, New York 10017, United States. Speakers: Joe Phillips, COO.

Macarthur Minerals Limited reported that the Western Australian Treasurer; State Minister for Transport; Emergency Services, Honourable Troy Buswell, BEc MLA, announced that the Western Australian State Government has accepted an Esperance Port Authority board recommendation to start a procurement process to identify a private sector consortium to design, finance, construct and operate a multi-user iron ore facility at the Port of Esperance. The announcement highlights that the proposed expansion of the Port's iron ore export capacity will facilitate growth of the emerging Yilgarn iron ore region.

Macarthur Minerals Limited provided an update regarding legal proceedings commenced by LPD Holdings (Aust) Pty Ltd. and Mayson Associates Limited against the company, certain directors and officers of the company, and Jaldale Pty Ltd. in July 2012, the subject of previous announcements dated July 20, 2012 and August 24, 2012. On November 21, 2012 the Supreme Court of Queensland heard applications to strike-out the July Proceedings by the company and those directors and officers of the company named as respondents. The Court ordered, among other things, that the July Proceedings be dismissed due to what her Honour described as a "fatal defect", namely that neither LPD nor Mayson were registered shareholders of the company at the date the July Proceedings were commenced. The company and the Respondent Officers sought their costs of the July Proceedings on the indemnity basis and the matter has been adjourned to allow the parties to make further written submissions in that regard. After commencing the July Proceedings, LPD has re-registered as a shareholder of the company and the company has now been served with new proceedings commenced by LPD on November 20, 2012. The New Proceedings are similar to the July Proceedings but do differ in some material respects. In particular, the claims against Jaldale Pty Ltd. and the officers of the company, David Taplin and Joe Phillips, have been dropped and certain grounds for relief have also been abandoned. In addition, Mayson is not an applicant in the New Proceedings. LPD is yet to file a Statement of Claim in respect of the New Proceedings, but is expected to do so in early December 2012.