The Company is also pleased to announce the participation of HCC Holding Ltd. (“HCC” or “HCC Group”) – a subsidiary of Misty Ventures Inc., the economic development entity of Mistawasis Nêhiyawak First Nation – as a new, cornerstone investor in Murchison.

HCC is a Saskatchewan based mining contractor and service provider headquartered in Saskatoon. HCC’s mining division was originally incorporated in 2000 and is celebrating its 25^th year of operations. The company has grown substantially in the past 5 years, becoming a staple in Saskatchewan’s mining industry, safely executing many complex projects at various mining sites throughout the province.

The Company issued 1,833,333 Hard Dollar common shares (“HD Shares”) at a price of $0.30 per HD Common Shares, 4,027,778 flow-through Common Shares (“FT Shares”) at a price of $0.36 per FT Common Shares to raise aggregate gross proceeds of $2 Million.

Pursuant to the Offering, HCC acquired an aggregate of 4,027,778 Common Shares. Prior to the completion of the Offering, HCC did not own or control any Common Shares. Following the completion of the Offering, HCC beneficially owns and controls, directly or indirectly, an aggregate of 4,027,778 Common Shares, representing approximately 19.39% of the Company’s issued and outstanding Common Shares on an undiluted basis. Depending on market and other conditions, as future circumstances may dictate, HCC may from time to time increase or decrease holdings of Common Shares or other securities of the Company. A copy of the early warning report will be available on the Company’s issuer profile on SEDAR+ at www.sedarplus.ca.

All securities issued under the Private Placement are subject to a hold period expiring on December 9^th, 2025, in accordance with applicable securities laws. Proceeds from the private placement will be directed towards exploration at the Company’s 100%-owned BMK Zn-Cu-Ag-Pb-Au VMS Project in Saskatchewan, the 100%-owned HPM nickel-copper-cobalt Project in Quebec, working capital and administrative expenses.

HCC is a Saskatchewan based mining contractor and service provider headquartered in Saskatoon. HCC’s mining division was originally incorporated in 2000 and is celebrating its 25^th year of operations. The company has grown substantially in the past 5 years, becoming a staple in Saskatchewan’s mining industry, safely executing many complex projects at various mining sites throughout the province. HCC is committed to Indigenous employment opportunities, with approximately 25% of HCC’s employees being of First Nations or Métis descent.

In addition to HCC’s employment numbers, the company is 58.5% Indigenous owned, the largest shareholder being Misty Ventures which is the economic development arm of Mistawasis Nehiyawak.

Additional information about HCC can be found on the Company’s website at hcc.ca

Murchison is a Canadian‐based exploration company focused on nickel-copper-cobalt exploration at the 100% – owned HPM Project in Quebec and the exploration and development of the 100% – owned Brabant Lake zinc‐copper‐silver project in north‐central Saskatchewan. Following the Private Placement, Murchison currently has 20.77 million shares issued and outstanding.