Mr. Troy Boisjoli reports

MURCHISON MINERALS ANNOUNCES CONSOLIDATION

Further to its press release dated April 2, 2025, Murchison Minerals Ltd. has filed articles of amendment to consolidate its issued and outstanding common shares on the basis of 20 preconsolidation common shares for one postconsolidation common share. The consolidation was approved by shareholders of the company at its annual and special meeting held on April 30, 2025. The common shares are expected to commence trading on the TSX Venture Exchange on a consolidated basis on or about May 30, 2025. In connection with the consolidation, a new Cusip number (626426407) has been obtained to replace the previous Cusip number.

Following the consolidation, the company will have approximately 14,913,651 common shares issued and outstanding. No fractional common shares will be issued pursuant to the consolidation and any fractional common shares that would have otherwise been issued have been rounded down to the nearest whole common share. The change in the number of issued and outstanding common shares resulting from the consolidation will not materially affect any shareholder's percentage ownership in the company, although such ownership will be represented by a smaller number of common shares.

Registered shareholders who hold common shares represented by a physical certificate or direct registration system advice will receive a letter of transmittal from the transfer agent for the company, Computershare Trust Company of Canada, with instructions on how to exchange their existing certificates or DRS advices for certificates or DRS advices representing postconsolidation common shares. Beneficial shareholders holding their common shares through an intermediary, such as a brokerage firm, bank, dealer or similar organization, should note that such intermediary might have different procedures for processing the consolidation than the procedures for registered shareholders. Beneficial shareholders who have any questions in this regard are encouraged to contact their intermediary.

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.

We seek Safe Harbor.