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Macarthur Minerals Closes Pre-ASX IPO Fund Raising for Macarthur Australia Limited 42% Oversubscribed

VANCOUVER, BC–(Marketwired – February 23, 2017) – Macarthur Minerals Limited (TSX VENTURE: MMS) (the “Company” or “Macarthur Minerals”) is pleased to announce that it has closed its fundraising for Macarthur Australia Limited (“Macarthur Australia”) oversubscribed for A$1.4 million prior to Macarthur Australia’s intended Initial Public Offering (“IPO”) on the Australian Securities Exchange (“ASX”).