Macarthur Minerals Announces Strategic Investment by Tulshyan Group

VANCOUVER, BC--(Marketwired - January 10, 2017) - Macarthur Minerals Limited (TSX VENTURE: MMS)

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Macarthur Minerals Limited (TSX VENTURE: MMS) (the "Company" or "Macarthur Minerals") is pleased to announce that the Tulshyan Group has made a strategic investment in the Company. The Tulshyan Group, based in Singapore, is one of the largest recyclers of scrap steel in the world, has a significant shipping business with a fleet of over 30 ships and is expanding its commercial aircraft leasing business. The Tulshyan Group has significant experience in sales, marketing of steel and iron ore and access to capital for potential development of the Company's Western Australian iron ore projects.

David Taplin, President, CEO and Director of Macarthur commented:

"Macarthur Minerals is pleased that Singapore based, Tulshyan Group, has made a strategic investment in the Company. The Tulshyan Group has significant experience in shipping, sales, marketing of steel and iron ore and has access to capital to assist in potential development of the Company's Western Australian iron ore projects."

Australian Iron Ore Projects

Macarthur Minerals' Iron Ore Projects are located on mining tenements covering approximately 62km² located 175 km northwest of Kalgoorlie in Western Australia (Figure 1 and Figure 2). Within the tenements, at least 35 km strike extent of outcropping banded iron formation ("BIF") occurs as low ridges, surrounded by intensely weathered and mostly unexposed granites, basalts and ultramafic rocks.

The Iron Ore Projects consist of two distinct mineral projects:

1. The Ularring Hematite Project: encompassing hematite iron ore ("hematite"), to be marketed as potential direct shipping and/or beneficiated iron ore; and
2. The Moonshine Magnetite Project: encompassing magnetite iron ore ("magnetite"), to be marketed as a beneficiated magnetite concentrate.

The Company has been maintaining the core Iron Ore Projects' assets and they remain valuable assets having previously spent over $60 million to develop them, including the hematite project to a "shovel ready" stage. There is real potential for the Iron Ore Projects to add significant value with the recovery of global iron ore markets.