Response to ASX Price Query

MURCHISON UNITED NL
ACN 009 087 852
ASX CODE: MUR, AIM CODE: MUU,
Telephone: +618 9322 4071, Fax: +618 9322 4073

AIM Release
6 June 2007

AUSTRALIAN STOCK EXCHANGE PRICE QUERY
__________________________________________________________________________________

Murchison United NL ("Murchison" or "The Company") (ASX:MUR, AIM:MUU) today received a price query from the
Australian Stock Exchange.

The query "noted a change in the price of the Company's securities from $0.12 on 1 June 2007 to $0.14
today. We have also noted an increase in the volume of trading in the securities over this period".

Attached is Murchison's reply issued on the Australian Stock Exchange.

For further information please contact:

Mark Reilly
MANAGING DIRECTOR

*********************************************************************

6 June 2007

Mr Vickrem Naicker
Senior Advisor, Issuers
Australian Stock Exchange
Level 8
Exchange Plaza
2 The Esplanade
PERTH WA 6000

By Facsimile: (08) 9221 2020

Dear Vickrem

RESPONSE TO ASX PRICE QUERY

The Company advises the following in response to your query today:

1. Is the Company aware of any information concerning it that has not been announced which, if
known, could be an explanation for recent trading in the securities of the Company?

No.

2. If the answer to question 2 is yes, can an announcement be made immediately? If not, why not and
when is it expected that an announcement will be made?

Not applicable.

3. Is there any other explanation that the Company may have for the price change and increase in
volume in the securities of the Company?

The Company has no explanation. The market knows from prior announcements that the Company is
expecting to complete several matters soon. When those matters complete the Company will make the
appropriate announcements. One possible explanation (which the Company is unable to confirm or
deny has any merit) for the price change and increase in volume in the securities of the Company
may be due to speculation as to the outcome of some of those matters.

4. Please confirm that the Company is in compliance with the listing rules and, in particular,
listing rule 3.2.

Yes.

Yours sincerely

Mark Reilly
Managing Director

Murchison United N.L

Murchison United Nl (LSE:MUU)
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