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MURCHISON MINERALS LTD. NEWS RELEASE Murchison Minerals Appoints Vice-President Exploration

Management Changes

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MURCHISON MINERALS LTD. NEWS RELEASE

Murchison Minerals Appoints Vice-President Exploration

May 31, 2021 (Burlington, Ontario): Murchison Minerals Ltd. (“Murchison” or the “Company”)

(TSXV: MUR) is proud to announce that it has promoted John Shmyr as Vice-President Exploration

of the Company. John has been Murchison’s key geologist consultant for the past few years and

was the ideal candidate for the position now that the exploration activities will be covering

Brabant Lake in Saskatchewan and HPM and Barraute in Quebec.

John is a professional geologist with 10 years of experience in mineral exploration. Mr. Shmyr has

been working with the Company as a private consultant since 2018 and has been the lead project

geologist for the Brabant-McKenzie project since 2019. Prior to this , John most notably worked

as a project geologist for the privately held company BFR Copper & Gold. His work directly led to

the discovery of additional copper- zinc mineralization at BFR’s Flin Flon project. Mr. Shmyr

graduated from the University of Saskatchewan in 2012 with a Bachelor of Science High Honours

degree in geology and is currently completing a Master of Science degree in geology on the

Brabant-McKenzie deposit at the University of Saskatchewan. He is registered as a member of

the Professional Engineers and Geoscientists of Saskatchewan and currently holds a special

authorization with the Ordre des Géologues du Québec.

Jean-Charles Potvin, President, and CEO comments: “We are incredibly pleased to secure Mr.

Shmyr in the role of Vic e-President of Exploration. His leadership at the Brabant -McKenzie

project has proven invaluable and he has displayed a very strong technical fortitude. Murchison

looks forward to its continued work with Mr. Shmyr and we strongly feel that this arrangemen t

will lead to additional discoveries at our Brabant, HPM and Barraute projects.”

About Murchison Minerals Ltd. (TSXV: MUR)

Murc

hison is a Canadian -ba

sed exploration company focused on the exploration and

development of the 100% owned Brabant -McK

enzie zinc-co

pper-silv

er project in north -ce

ntral

Saskatchewan. The Company also has a 100% interest in the HPM nickel-co

pper-co

balt project in

Quebec. Murchison has 108.9 million shares issued and outstanding.

Addi

tional 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-Ch

arles (JC) Potvin, President and CEO or Erik H Martin, CFO

Tel

: (416) 350-3776

info

@murchisonminerals.com

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MURCHISON MINERALS LTD. NEWS RELEASE

CHF Capital Markets

Cathy Hume, CEO

Tel: 416-868-1079 x 251

[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 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.