Mr. Troy Boisjoli reports

MURCHISON MINERALS ANNOUNCES NON-BROKERED PRIVATE PLACEMENT

Murchison Minerals Ltd. intends to raise up to $1.5-million in a non-brokered private placement, with the proceeds directed toward the company's 2024 winter exploration activities at its 100-per-cent-owned BMK zinc-copper-silver (Zn-Cu-Ag) project in Saskatchewan and working capital. .

Pursuant to the Offering, the Company will issue Hard Dollar units ("HD Units") at a price of $0.05 per HD Unit, and National flow-through units ("NFT Units") at a price of $0.055 per NFT Unit, in any combination to raise aggregate gross proceeds of up to $1,500,000.

Each HD Unit will be comprised of one common share of the Company (a "Common Share") and one-half of a common share purchase warrant (each whole warrant, a "Warrant") and NFT Unit will be comprised of one flow-through common share of the Company (a "FT Common Share") and one-half of a Warrant. Each whole Warrant shall be exercisable to acquire one additional Common Share at a price of $0.08 for a period of 24 months from the date of closing of the Offering.

A finder's fee may apply to a portion of the proceeds raised under the Offering in the amount of 6% cash and 6% finders' warrants. All securities issued pursuant to the Offering will be subject to a four month hold period from the date of issue.

It is anticipated that Donald K. Johnson, a director and control person of the Company will acquire a certain number of Units under the Offering to maintain his current ownership at around 30%. Any such participation will be considered a "related party transaction" as defined under Multilateral Instrument 61-101 ("MI 61-101"). It is anticipated that the transaction will be exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 based on a determination that the securities of the Company are listed on the TSXV and that the fair market value of the Offering, insofar as it involves interested parties, will not exceed $2,500,000 or 25% of the market capitalization of the Company. The Offering was approved by all independent directors of the Company.

Mr. Troy Boisjoli, Murchison Minerals President, CEO, and Director comments:

"Murchison is in a great position, having two key assets with BMK and HPM, located in Canada's top mining jurisdictions, Saskatchewan, and Quebec, respectively. Today's announcement is geared towards unlocking the potential of the BMK Project by exploring for the copper-rich zones."

About Murchison Minerals Ltd. (TSXV: MUR, OTCQB: MURMF)

Murchison is a Canadian-based exploration company focused on nickel-copper-cobalt exploration at the 100% - owned HPM Project in Quebec and the exploration and development of the 100% - owned Brabant Lake zinc-copper-silver project in north-central Saskatchewan. Murchison currently has 241.0 million shares issued and outstanding.

We seek Safe Harbor.