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MURCHISON MINERALS LTD. $500,000 Non-Brokered Private Placement

February 12, 2021 (Toronto, Ontario): Murchison Minerals Ltd. (“Murchison” or the “Company”) (TSXV: MUR) today announces that, subject to all regulatory approvals, it intends to raise up to $500,000 in a non-brokered private placement (“the Private Placement”), with the net proceeds directed towards exploration and administrative expenses.

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About Murchison Minerals Ltd. (TSXV: MUR)

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. The Company also holds an option to earn 100% interest in the Barraute VMS exploration project also located in Quebec, north of Val d’Or. Murchison currently has 160.1 million shares issued and outstanding.

Murchison Minerals