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Murchison Files Ni 43-101 Technicial Report ON the Updated Mineral Resource Estimate FOR the Brabant-Mckenzie Deposit

Resource Estimates

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MURCHISON MINERALS LTD.

Suite 2500, 120 Adelaide Street West

Toronto, ON

M5H 1T1 Canada

Tel: +1.416.350.3776

News Release

MURCHISON FILES NI 43-101 TECHNICIAL REPORT ON THE UPDATED MINERAL

RESOURCE ESTIMATE FOR THE BRABANT-McKENZIE DEPOSIT

Toronto, ON– October 29, 2018 - Murchison Minerals Ltd. (MUR - TSXV) (“Murchison ” or the “Company”) is

pleased to announce the filing of the National Instrument 43-101 (“NI 43-101”) Technical Report (the “Technical

Report”) on the updated Mineral Resource estimate (the “September 4, 2018 Mineral Resource Estimate” or the

“Estimate”) for the Brabant-McKenzie Deposit (the “Deposit”) located in north-central Saskatchewan, announced by

Murchison on September 13, 2018.

The Estimate, effective September 4, 2018, was performed by independent qualified person (“QP”), Finley Bakker,

P.Geo., Finley Bakker Consulting, of Campbell River, BC. The report titled, “TECHNICAL REPORT ON THE RESOURCE

ESTIMATE UPDATE FOR THE BRABANT-McKENZIE PROPERTY, BRABANT LAKE, SASKATCHEWAN, CANADA FOR

MURCHISON MINERALS LTD.” has been filed on the SEDAR website at www.sedar.com and will be placed on

Murchison’s web site:www.murchisonminerals.com.

The new estimate includes the addition of 19 new diamond drill holes totaling 9,004 m which were completed

between January and March 2018 by Murchison as well as a comprehensive re-interpretation of the geology of the

Deposit using current, historical drilling data and reports.

About the Brabant-McKenzie Project

The Brabant-McKenzie project is located 175 km Northeast of La Ronge, Saskatchewan and approximately 3 km from

the community of Brabant Lake. The area is accessed year-round via Provincial Highway 102 and is serviced by grid

power. The project consists of one mining lease which hosts the Deposit and an additional 16 mineral claims totaling

7,379 hectares which cover approximately 18 km of strike length over favourable geological horizons, multiple known

mineralized showings and identified geophysical conductors.

About Murchison Minerals Ltd.

Murchison Minerals Ltd. is a Canadian based exploration company focused on the exploration and development of

the 100% owned Brabant-McKenzie zinc-copper project in North-Central Saskatchewan. The Company also has a 50%

interest in the HPM nickel/copper/cobalt project in Quebec and gold projects in the Pickle Lake area of northwestern

Ontario.

Qualified Person

The foregoing scientific and technical disclosure in this news release has been prepared and approved by Kent Pearson P.

Geo., qualified persons as defined by National Instrument 43-101. Mr. Pearson is President and Chief Executive Officer of

Murchison Minerals Ltd.

Additional information about Murchison Minerals and its exploration projects can be found on the Company’s

website at www.murchisonminerals.com.

For further information, please contact:

Kent Pearson, President and Chief Executive Officer

or

Erik Martin, Chief Financial Officer

[email protected]

(416) 350-3776

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MURCHISON MINERALS LTD.

Suite 2500, 120 Adelaide Street West

Toronto, ON

M5H 1T1 Canada

Tel: +1.416.350.3776

Forward-Looking Information

Certain information set forth in this news release may contain forward-looking information that involves substantial

known and unknown risks and uncertainties. This forward-looking information is subject to numerous risks and

uncertainties, certain of which are beyond the control of the Company, including, but not limited to, the impact of

general economic

conditions, industry conditions, and dependence upon regulatory approvals. Readers are cautioned that the

assumptions used in the preparation of such information, although considered reasonable at the time of preparation,

may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking information. The

parties undertake no obligation to update forward-looking information except as otherwise may be required by

applicable securities law.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX

Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.