Mr. Troy Boisjoli reports

MURCHISON MINERALS TO SEEK SHAREHOLDERS' APPROVAL FOR SHARE CONSOLIDATION

Murchison Minerals Ltd. intends to seek approval from its shareholders at the company's upcoming annual general and special shareholder meeting for the proposed consolidation all of the issued and outstanding common shares of the company on the basis of up to 20 preconsolidation common shares for each one postconsolidation common share.

The annual general and special meeting of shareholders will take place at 10 a.m. on April 30, 2025 at the Ontario Bar Association Conference Centre, suite 200, 20 Toronto St., Toronto, Ont.

The board of directors of the company has determined that the consolidation would be in the best interests of the company to enhance the marketability of the company as an investment and better position the company to raise the funds necessary for the continuance of operations, advancement of its exploration projects and the growth of the company.

Under the consolidation, for every 20 common shares currently held by a shareholder (or such lesser number as may be applicable in the event that directors determine to employ a consolidation ratio that is less than on a 20:1 basis), each shareholder will, as a result of the consolidation, receive one common share after the consolidation takes effect.

There are currently 298,273,022 common shares issued and outstanding. If the consolidation is approved by the shareholders and the directors effect the consolidation on a 20:1 basis, there will be an aggregate of approximately 14,913,651 common shares issued and outstanding in the share capital of the company, subject to rounding.

Notwithstanding the foregoing, the board may determine not to implement the consolidation at any time after the meeting and after receipt of necessary regulatory approvals, but prior to effecting the required amendment to the company's articles, without further action on the part of the shareholders. The consolidation remains subject to approval by the TSX Venture Exchange.

The materials for the meeting, including the management information circular, which sets out in detail the annual general and special items proposed for shareholder approval at the meeting, have been distributed to shareholders and can also be found at the company's profile on SEDAR+ or at the company's website.

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.