Mr. Troy Boisjoli reports

MURCHISON MINERALS APPLIES FOR EXTENSION OF PRICE PROTECTION FOR PRIVATE PLACEMENT

In connection with the private placement originally announced in Murchison Minerals Ltd.'s press release of May 30, 2025, the company has applied to the TSX Venture Exchange for an extension of a further 30 days price protection in order to complete the offering. The company intends the offering to close in the next couple weeks.

Closing of the offering is subject to all necessary corporate and regulatory approvals, including the approval of TSX Venture Exchange. All securities issued in connection with the offering will be subject to a hold period of four months plus a day from the date of issuance and the resale rules of applicable securities legislation. Certain insiders of the company may participate in the offering.

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.