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MUR.V ·

Murchison Appoints New President and CEO

Management Changes

Murchison Minerals Ltd.

18 King Street East, Suite 810 Toronto, Ontario M5C 1C4 (416) 350-3776

News Release November 23, 2015

Murchison Appoints New President and CEO

TORONTO, Murchison Minerals Ltd. (CSE – MUR) (“Murchison” or the “Company”) is pleased to announce the appointment of Mr. Kent Pearson as President and Chief Executive Officer of the Company effective immediately. He has also been appointed as a director of Murchison Minerals.

Kent Pearson is a professional geologist with more than 25 years of experience in the mining industry and in the capital markets sector. His mining experience spans from grassroots exploration through to production. In the capital markets sector, his background includes equity and debt research experience as well as executive roles in investment banking in the resources sector.

Jean-Charles Potvin will continue with the Company in the role of Executive Chairman.

About Murchison Minerals

Murchison Minerals Ltd. is a Canadian based exploration company with a diversified portfolio of properties, including the Brabant-McKenzie Zinc-Copper deposit in northcentral Saskatchewan, the HPM Nickel/Copper/Cobalt project in Quebec and the Cloridorme high alumina shale formation, which is contiguous and essentially an extension of the Marin deposit of Orbite Technologies Inc. located on the Gaspe peninsula in eastern Quebec. Murchison also holds gold claims in the Pickle Lake area of north-western Ontario and approximately 1,200 km2 of licenses for nickel and gold exploration in central Uganda.

Additional information about Murchison Minerals and its exploration projects can be found at www.murchisonminerals.com.

For further information contact:

[Jean-Charles Potvin, Executive Chairman]

(416) 350-3997 [email protected] [email protected]

Disclaimer

The CSE has not reviewed this news release and does not accept responsibility for the adequacy or accuracy of this news release. The CSE has neither approved nor disapproved the contents of this news release.

Murchison Minerals News Release November 23, 2015 1