Macarthur Minerals Limited has appointed New York- based EAS Advisors as its corporate advisor to assist it in the financing strategy for its Lake Giles Iron Project. In connection with the engagement, EAS will be paid a monthly cash retainer of USD 10,000 per month for 8 months. Additionally, to incentivise EAS to assist in the growth of the Company: A component of its retainer will also include a monthly equity payment equivalent to USD5,000 of ordinary shares in the Company trading on TSX-V, settled quarterly (calculated based on the 5 day VWAP preceding the last trading day of each month); and A total of 2,000,000 performance based options, struck at a significant premium to the Company's current ASX share price, granted as follows: The exercise price of 500,000 options shall be AUD 0.32 per fully paid ordinary share. The exercise price of 500,000 options shall be AUD 0.34 per fully paid ordinary share. The exercise price of 500,000 options shall be AUD 0.36 per fully paid ordinary share. The exercise price of 500,000 options shall be AUD 0.38 per fully paid ordinary share.