Macarthur Minerals Limited: Developer for Port of Esperance Expansion Selected

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


Macarthur Minerals Limited (TSX:MMS)(OTCQX:MMSDF) (the "Company" or "Macarthur")
is pleased to advise that on May 7, 2014, the Western Australian Government
announced the Yilgarn Esperance Solution ("YES") Limited, as the preferred
proponent for the expansion of the Multi User Iron Ore Export Facility ("MUIOF")
at the Port of Esperance ("Port").


YES is a consortium led by Asciano, an ASX listed integrated transport and
logistics service provider.


The next steps in the project are for Esperance Ports Sea and Land ("EPSL") and
YES to reach contractual closure, then for YES to negotiate contractual
agreements with mining companies to achieve financial viability.


In 2012 Macarthur entered into a Capacity Reservation Deed with the EPSL
reserving 2 million tonnes per annum capacity at the MUIOF. Macarthur has also
entered into a Memorandum of Understanding ("MOU") with Asciano for the parties
to negotiate, in good faith, commercial conditions in relation to export
capacity allocation for Macarthur of 4 million tonnes per annum at the MUIOF.
The MOU also deals with haulage and handling.


Macarthur's President, Chairman and CEO, Alan Phillips commented that, "We are
pleased that the process run by the Western Australian Government is now
complete and we can move forward with YES as the preferred proponent. This
allows Macarthur to focus on the development and financing of the Company's
Ularring Hematite Project which will be a cornerstone customer for capacity in
the MUIOF expansion program".


ABOUT MACARTHUR MINERALS LIMITED (TSX:MMS)(OTCQX:MMSDF)

Macarthur Minerals Limited is an Australian based resource development company
currently focused on developing its Ularring Hematite Project, located in the
Yilgarn iron ore district in Western Australia. The Ularring Hematite Project is
located 110 km from rail infrastructure with a direct connection to the iron ore
exporting Port of Esperance, Western Australia.


The Ularring Hematite Project has an indicated Mineral Resource of 54.46 Mt at
47.2% Fe and an inferred Mineral Resource of 25.99 Mt at 45.4% Fe (press release
dated June 14, 2012; NI43-101 Technical Report dated June 29, 2012). In
addition, Macarthur's Moonshine Magnetite Project has an inferred Mineral
Resource of 1.3 Bt at 30.1% Fe (press release dated December 15, 2010; NI43-101
Technical Report dated March 25, 2011).


A Positive Preliminary Feasibility Study was released to the market on the
Ularring Hematite Project in August 2012, which included a probable Mineral
Reserve of 42.95 Mt at 47% Fe (press release dated August 16, 2012; Technical
Report dated September 27, 2012). A Positive Preliminary Economic Assessment on
the Moonshine Magnetite Project was released in February 2011 (press release
dated February 7, 2011, Technical Report dated March 25, 2011).


On behalf of the Board of Directors, 

MACARTHUR MINERALS LIMITED

Alan Phillips, President, Chairman & CEO

Caution Regarding Forward Looking Statements

Certain of the statements made and information contained in this press release
may constitute forward-looking information and forward-looking statements
(collectively, "forward-looking statements") within the meaning of applicable
securities laws. The forward-looking statements in this press release reflect
the current expectations, assumptions or beliefs of the Company based upon
information currently available to the Company. With respect to forward-looking
statements contained in this press release, assumptions have been made
regarding, among other things, the reliability of information prepared and/or
published by third parties that are referenced in this press release or was
otherwise relied upon by the Company in preparing this press release. Although
the Company believes the expectations expressed in such forward- looking
statements are based on reasonable assumptions, such statements are not
guarantees of future performance and no assurance can be given that these
expectations will prove to be correct as actual results or developments may
differ materially from those projected in the forward-looking statements.
Factors that could cause actual results to differ materially from those in
forward-looking statements include unforeseen technology changes that results in
a reduction in iron or magnetite demand or substitution by other metals or
materials, the discovery of new large low cost deposits of iron magnetite and
the general level of global economic activity. Readers are cautioned not to
place undue reliance on forward- looking statements due to the inherent
uncertainty thereof. Such statements relate to future events and expectations
and, as such, involve known and unknown risks and uncertainties. The
forward-looking statements contained in this press release are made as of the
date of this press release and except as may otherwise be required pursuant to
applicable laws, the Company does not assume any obligation to update or revise
these forward-looking statements, whether as a result of new information, future
events or otherwise.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Macarthur Minerals Limited
Alan Phillips
President, Chairman & CEO
[phone]
[e-mail]
www.macarthurminerals.com