October 27, 2008

Market Headquarters Speaks to CEO of Cloncurry Metals Ltd.

QUEENSLAND, Australia, Oct. 27, 2008 (GLOBE NEWSWIRE) -- Mr. Finnis, CEO of Cloncurry Metals Ltd. informs Market Headquarters about their strategies for developing Pegmont and future opportunities.

Chief Executive Officer of Cloncurry Metals Ltd. (ASX:CLU), Mr. Finnis, discusses the company's current status and goals. He mentions the possibility of making a deal with BHP and how it will impact the company's overall mission moving forward.

He states, "...well the great thing about the deal with BHP is that gives us, who are obviously quite a small company, the ability to develop the Pegmont mine for a very low capital cost. While we haven't yet finalized that arrangement, we are sitting down in the next couple of months to try and finish that off and we're hopeful that does lead to the early development of Pegmont with a low capital cost and an efficient operation."

To listen to the audio broadcast or for more information about this interview, please visit www.marketheadquarters.net.

About Market Headquarters:

Market Headquarters was created to serve as a bridge between investment professionals and rising/established companies. We inform the investment community about several companies, in various sectors, in order to provide them with greater opportunities.

Cloncurry Metals Ltd.:

Cloncurry Metals will continue to aggressively explore for minerals with the aim of developing its projects and becoming a significant contributor to the Australian mining industry. For more information please visit Cloncurry Metals Ltd. website at http://www.cloncurrymetals.com.au.

Cautionary Statement:

Excluding historical information enclosed in this document and other documents released by the company's representatives concerning the same subject matter may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. You can identify these statements by the fact that they use words such as "anticipates,""believes,""estimates,""plans,""expects,""intends,""projects,""should,""will" and words of similar meaning. These statements involve a number of risks and uncertainties that could cause actual results to materially differ from the potential results discussed in the "forward-looking statements." Some risk factors are known and some are not. Amongst the known factors that could cause actual results and outcomes to differ materially from those contained in such "forward-looking statements" can be identified from the reports filed by the company with Securities and Exchange Commission. Consequently, Market Headquarters cautions you to place undue reliance on any forward looking statements in this announcement. Market Headquarters assumes no obligation to update any "forward looking" statements that it may make.

This news release was distributed by GlobeNewswire, www.globenewswire.com

 CONTACT:  Market Headquarters           Customer Service           [email protected]            Cloncurry Metals Ltd.           Simon Finnis           61 (0) 7 3862 6300            Fax: 61 (0) 7 3862 6355            [email protected]           ACN 122 162 396           Head Office: Ground Floor           60 Kingsford Smith Drive           ALBION QLD 4010           PO Box 195 Fortitude Valley Qld 4006