Rylan Colwell is President and CEO of HCC (“HCC” or “HCC Group”), an underground mining contractor specializing in potash applications, based in Saskatoon, SK. Further to the Company’s press release dated August 12th, 2025, HCC – a subsidiary of Misty Ventures Inc., the economic entity of Mistawasis Nêhiyawak First Nation – became a cornerstone investor in Murchison Minerals, acquiring a ~19.4% 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 powerline 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.

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 $0.32 expiring on September 3^rd, 2030.  The options vest immediately.

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.