Mr. Troy Boisjoli reports

MURCHISON MINERALS ANNOUNCES NON-BROKERED PRIVATE PLACEMENT

Subject to all regulatory approvals, Murchison Minerals Ltd. intends to raise up to $737,500 in a non-brokered private placement, with the proceeds directed toward the company's 2025 exploration activities at its 100-per-cent-owned BMK zinc-copper-silver project in Saskatchewan and 100-per-cent-owned HPM nickel-copper-cobalt property in eastern Quebec, as well as working capital.

Pursuant to the offering, the company will issue up to 12.5 million hard-dollar units at a price of 1.5 cents per HD unit, five million Quebec flow-through units at a price of two cents per QFT unit and 22.5 million national flow-through units at a price of two cents per NFT unit, to raise aggregate gross proceeds of up to $737,500.

Each HD unit will be composed of one common share of the company and one-half of a common share purchase warrant, and each QFT unit and NFT unit will be composed of one flow-through common share of the company and one-half of a warrant. Each whole warrant shall be exercisable to acquire one additional common share at a price of five cents 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 7 per cent in cash and 7 per cent in 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 31 per cent. Any such participation will be considered a related-party transaction as defined under Multilateral Instrument 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 TSX Venture Exchange and that the fair market value of the offering, insofar as it involves interested parties, will not exceed $2.5-million or 25 per cent of the market capitalization of the company. The offering was approved by all independent directors of the company.

About Murchison Minerals Ltd.

Murchison is a Canadian-based exploration company focused on the exploration and development of the 100-per-cent-owned Brabant Lake zinc-copper-silver project in north-central Saskatchewan and on nickel-copper-cobalt exploration at the 100-per-cent-owned HPM project in Quebec. Murchison currently has 260.8 million shares issued and outstanding.

We seek Safe Harbor.