Mr. Troy Boisjoli reports

MURCHISON MINERALS PROVIDES CORPORATE UPDATE

Murchison Minerals Ltd. has appointed Rylan Colwell to its board of directors.

Mr. Colwell is president and chief executive officer of HCC, an underground mining contractor specializing in potash applications, based in Saskatoon, Sask. Further to the company's press release dated Aug. 12, 2025, HCC -- a subsidiary of Misty Ventures Inc., the economic entity of Mistawasis Nehiyawak First Nation -- became a cornerstone investor in Murchison Minerals, acquiring an approximately 19.4-per-cent stake in the company.

Under Mr. Colwell's leadership, HCC has grown to operate at seven mine sites with over 200 employees and the largest underground equipment fleet in Saskatchewan. Mr. Colwell graduated from the University of Saskatchewan with a degree in accounting, where he was also a member of Huskie football program, competing in three Vanier Cups. After graduating, Mr. Colwell worked at KPMG earning his chartered accountant designation in 2011. In 2012, Mr. Cowell joined HCC, gaining extensive experience in power line contracting, mining engineering and heavy civil engineering sectors. In 2017, HCC partnered with Mistawasis First Nation to acquiring an underground mining contractor. Additionally, Mr. Colwell brings with him a depth of experience in debt and equity financing strategies.

Troy Boisjoli, chief executive officer, commented: "On behalf of the company, I would like to welcome Mr. Colwell to the board of directors at Murchison. Rylan has extensive executive experience in the mining service sector, with a focus on first nation participation, leading HCC to partner with Misty Ventures Inc., the economic development entity of Mistawasis Nehiyawak First Nation. He will be valued member of the Murchison's team, helping guide the company towards its next chapter in exploration and development in Saskatchewan."

Stock options grant

The company is also pleased to announce it has approved the issuance of 1,101,000 stock options to directors, officers, employees and consultants of the company. The options are exercisable into common shares of the company at a price of 32 cents expiring on Sept. 3, 2030. The options vest immediately.

About Murchison Minerals Ltd.

Murchison is a Canadian-based exploration company focused on exploration and development of the 100-per-cent-owned zinc-copper-silver BMK project in north-central Saskatchewan and its 100-per-cent-owned nickel-copper-cobalt HPM project in Quebec. Murchison has 20.77 million shares issued and outstanding.

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