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Murchison Minerals Ltd. News Release Murchison Announces Commencement of Additional Airborne Geophysical Survey Coverage at Brabant Lake, Saskatchewan

Exploration Programs

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MURCHISON MINERALS LTD. NEWS RELEASE

MURCHISON ANNOUNCES COMMENCEMENT OF ADDITIONAL AIRBORNE

GEOPHYSICAL SURVEY COVERAGE AT BRABANT LAKE, SASKATCHEWAN

February 18, 2020 (Toronto, Ontario): Murchison Minerals Ltd. (“Murchison” or the “Company”) (TSXV: MUR)

is pleased to announce it has retained Geotech Ltd. to complete a proposed minimum 900 line kilomet re

helicopter-borne versatile time-domain electromagnetic (VTEM™ Max) geophysical survey with the purpose of

investigating the mineral potential over its recently acquired mineral claims (MAS, M, M-North and other claims

blocks acquired in early 2019) in the Brabant Lake, Saskatchewan area. The survey is scheduled to start in the

latter part of March 2020.

The survey will consist of 400 metre spaced lines with additional closer spaced lines planned where additional

information is warranted. Additional details are presented in the updated Murchison Corporate Presentation

posted on the website www.murchisonminerals.com.

Meanwhile, Murchison is currently drilling high-priority targets selected based on the VTEM MAX airborne

survey completed in February 2019 and field prospecting undertaken in the summer of 2019.

Murchison currently owns 100% of the Brabant-McKenzie Deposit which remains open to expansion.

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MURCHISON MINERALS LTD. NEWS RELEASE

The Brabant-McKenzie Deposit has an NI 43-101 resources of:

• Indicated – 2.1 million tonnes at 7.08% zinc, 0.69% copper, 0.49% lead, 39.60 g/t silver

• Inferred – 7.6 million tonnes at 4.45% zinc, 0.57% copper, 0.19% lead, 18.40 g/t silver

Qualifying Statement

The foregoing scientific and technical disclosures have been reviewed by John Shmyr, P. Geo. and Martin St -

Pierre, P. Geoph., qualified persons as defined by National Instrument 43 -101. Mr. Shmyr and Mr. St-Pierre are

independent consultants to Murchison and the Brabant Lake project.

About the Brabant Lake Project

The Brabant Lake project is located 175 kilometres northeast of La Ronge, Saskatchewan and approximately three

kilometres 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 Brabant -McKenzie VMS

deposit, and additional mineral claims which totals 566 square kilometres, extending over 57 kilometres of strike

length over favourable geological horizons, multiple known mineralized showings and identified geophysical

conductors.

About Murchison Minerals Ltd. (TSXV: MUR)

Murchison is a Canadian-based exploration company focused on the exploration and development of the 100%

owned Brabant Lake zinc-copper-silver project in north-central Saskatchewan. The Company also holds a 100%

interest in the HPM nickel-copper-cobalt project in Quebec. Murchison currently has 64.7 million shares issued

and outstanding.

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

www.murchisonminerals.com. For further information, please contact:

Jean-Charles (JC) Potvin, President and CEO [email protected]

Erik H Martin, CFO

Tel: (416) 350-3776

[email protected]

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 an d 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 de pendence

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.