Bos Glb Hldgs Regulatory News (BOS)

7 Mar 2006 07:31

Murchison United NL07 March 2006 ASX, AIM and Media Release 7th March 2006 GRANTING OF EXCLUSIVE MAURITANIAN URANIUM EXPLORATION LICENCES __________________________________________________________________________________ Murchison United NL ("Murchison" or "The Company") (ASX:MUR, AIM:MUU) is pleasedto announce that it is has been granted two "Group 4" Uranium Explorationpermits by the Republic of Mauritania covering 2,898 square kilometres. Aspreviously advised the Company has applied for six permits in total. Murchisonis confident that the remaining four permits will be issued however theGovernment is still processing these applications. The initial permit period is3 years and is capable of being extended. The permit areas are in the north of the country near the town of Bir Moghreinand situated in the Reguibate Massive. These were identified by the Company'sUranium exploration Manager Mr Bosse Gustafsson originally from a studycommissioned by the World Bank and further refined from aeromagnetic datahighlighting the areas' prospectivity for uranium occurrences. Mr Gustaffson will be travelling to Mauritania by the end of March 2006 tocommence fieldwork. It is intended to commence exploration field work withgeneral reconnaissance including geological mapping and ground radiometrics. Murchison continues to review existing assets and investigate resourceopportunities in Australia and internationally to assess their appropriatenessfor the Company. The broader strategy of Murchison is to focus on energy relatedassets including its existing assets. Mark Reilly Managing Director This information is provided by RNS The company news service from the London Stock Exchange