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INVESTOR ALERT: Louisiana Based Brannon Law Firm, L.L.C. is Investigating the Buyout of Louisiana Based McMoRan Exploration Co.



  INVESTOR ALERT: Louisiana Based Brannon Law Firm, L.L.C. is Investigating
  the Buyout of Louisiana Based McMoRan Exploration Co. by Freeport-McMoRan
  Copper & Gold, Inc.

Business Wire

METAIRIE, La. -- December 06, 2012

Brannon Law Firm, L.L.C., a Metairie, Louisiana based securities litigation
law firm, announces that it is commencing an investigation into the Board of
Directors of McMoRan Exploration Co. ("MMR" or the "Company") (NYSE: MMR) to
determine whether it has breached its fiduciary duties and other possible
violations of state law in connection with the sale of MMR to Freeport-McMoRan
Copper & Gold, Inc. (NYSE: FCX). The transaction values MMR at $3.4 billion in
cash. Under the terms of the transaction, MMR shareholders will receive $14.75
in cash and 1.15 units of a royalty trust for each share they hold; the trust
will hold a 5% royalty interest in future production from MMR’s ultra-deep
exploration properties.

The investigation is focused on the potential unfairness of the consideration
to MMR shareholders and whether MMR’s Board of Directors acted in the
shareholders’ best interest and properly shopped the company before entering
into the acquisition agreement with Freeport-McMoRan Copper & Gold, Inc. At
least one analyst set a price target for MMR stock at $21.00 per share.

If you have information relevant to this investigation that you would like to
share with us in furtherance of the shareholders’ interest in this matter,
then please call us right away.

If you own this stock and wish to know more about this matter and/or how it
affects your rights then please contact us immediately. There is no obligation
or cost to you when you contact us.

You may contact us by email or telephone through Paul M. Brannon [email:
PMB@BrannonLawFirm.com] / [Telephone (504) 456-8696].

Brannon Law Firm, L.L.C.
Paul M. Brannon
3500 North Hullen Street
Metairie, Louisiana 70002
Phone: 504-456-8696
Fax: 504-456-8697
PMB@BrannonLawFirm.com

Contact:

Brannon Law Firm, L.L.C.
Paul M. Brannon, 504-456-8696
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