MURCHISON MINERALS LTD. NEWS RELEASE Murchison Minerals Enters Into Amended Option Agreement
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MURCHISON MINERALS LTD. NEWS RELEASE
Murchison Minerals Enters Into Amended Option Agreement
Burlington, ON - May 21, 2021 - Murchison Minerals Ltd. (“ Murchison” or the “ Company”)
(TSXV: MUR) announces that further to its press release on May 6, 2021 regarding the entering
into of an option agreement (the “ Original Option Agreement”) with Gestion Aline Leclerc Inc.
(the “ Optionor”) granting Murchison an option to earn 100% interest in 75 mineral claims
covering 2,377 hectares (the “ Property Package ”), it has entered into an amended option
agreement (the “Amended Option Agreement”) with the Optionor whereby the parties agreed
to: (i) in the event the Company wishes to satisfy up to $400,000 in option payments in common
shares, use a price equal to the greater of $0.07 or the 20 day volume weighted average price of
the common shares prior to the day the Company elects to satisfy such option payment; and (ii)
remove the ability of the Company to pay the $1,000,000 re-purchase price of the 1 % NSR
through the issuance of common shares of the Company. All other terms of the Original Option
Agreement remain the same.
For further information on the Property Package please refer to the Company’s press release of
May 6, 2021.
About Murchison Minerals Ltd. (TSXV: MUR)
Murchison is a Canadian- based exploration company focused on the exploration and
development of the 100% owned Brabant- McKenzie zinc-copper-silver project in north -central
Saskatchewan. The Company also has a 100% interest in the HPM nickel-copper-cobalt project in
Quebec. Murchison has 108.9 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 or Erik H Martin, CFO
Tel: (416) 350-3776
CHF Capital Markets
Cathy Hume, CEO
Tel: 416-868-1079 x 251
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 whic h 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
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MURCHISON MINERALS LTD. NEWS RELEASE
the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance s hould 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 Exc hange) accepts responsibility for the
adequacy or accuracy of this release.