Murchison Minerals Provides Corporate Update
News Release
Murchison Minerals Provides Corporate Update
Murchison Minerals September 3rd , 2025 (Burlington, ON): Murchison Minerals Ltd. (“Murchison”
or the “Company”) (TSXV: MUR) is pleased to announce the appointment of Rylan Colwell to its
Board of Directors.
Rylan Colwell is President and CEO of HCC (“HCC” or “HCC Group ”), an underground mining
contractor specializing in potash applications, based in Saskatoon, SK. Further to the Company’s
press release dated August 12 th, 2025, HCC – a subsidiary of Misty Ventures Inc., the economic
entity of Mistawasis Nêhiyawak First Nation – became a cornerstone investor in Murchison
Minerals, acquiring a ~19.4% stake in the Company.
Under Mr. Colwell’s leadership, HCC has grown to operate at seven mine sites with over 200
employees and the largest underground equipment fleet in Saskatchewan. Mr. Colwell graduated
from the University of Saskatchewan with a degree in accounting, where he was also a member
of Huskie Football program, competing in three Vanier Cups. After graduating, Mr. Colwell worked
at KPMG earning his Chartered Accountant designation in 2011. In 2012, Mr. Cowell joined HCC,
gaining extensive experience in powerline contracting, mining engineering, and heavy civil
engineering sectors. In 2017, HCC partnered with Mistawasis First Nation to acquir ing an
underground mining contractor. Additionally, Mr. Colwell brings with him a depth of experience in
debt and equity financing strategies.
Troy Boisjoli, CEO commented: “On behalf of the Company, I would like to welcome Mr. Colwell to
the Board of Directors at Murchison. Rylan has extensive executive experience in the mining service
sector, with a focus on First Nation participation, leading HCC to partner with Misty Ventures Inc. ,
the economic development entity of Mistawasis Nêhiyawak First Nation. He will be valued member
of the Murchison ’s team, helping guide the Company towards its next chapter in exploration and
development in Saskatchewan. ”
Stock Options Grant:
The Company is also please d to announce it has approved the issuance of 1,101,000 stock
options to directors, officers, employees and consultants of the Company. The options are
exercisable into common shares of the Company at a price of $0. 32 expiring on September 3rd,
2030. The options vest immediately.
About Murchison Minerals Ltd. (TSXV: MUR)
Murchison is a Canadian‐based exploration company focused on exploration and development
of the 100% - owned zinc‐copper‐silver BMK Project in north‐central Saskatchewan and its 100%
- owned nickel-copper-cobalt HPM Project in Quebec. Murchison has 20.77 million shares issued
and outstanding.
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MURCHISON MINERALS LTD. NEWS RELEASE
Additional information about Murchison and its exploration projects can be found on the
Company’s website at www.murchisonminerals.ca . For further information, please contact:
Troy Boisjoli, President and CEO or
Erik H Martin, CFO
Justin LaFosse, Director Corporate Development
Tel: (416) 350‐3776
About HCC Group
HCC is a Saskatchewan based mining contractor and service provider headquartered in
Saskatoon. HCC’s mining division was originally incorporated in 2000 and is celebrating its 25 th
year of operations. The company has grown substantially in the past 5 years, becoming a staple
in Saskatchewan’s mining industry, safely executing many complex projects at various mining
sites throughout the province. HCC is committed to Indigenous employment opportunities, with
approximately 25% of HCC’s employees being of First Nations or Métis descent.
In addition to HCC’s employment numbers, the company is 58.5% Indigenous owned, the largest
shareholder being Misty Ventures which is the economic development arm of Mistawasis
Nehiyawak.
Additional information about HCC can be found on the Company’s website at hcc.ca
Forward‐Looking Information
The content and grades of any mineral deposits at the Company’s properties are conceptual in nature. There has been insufficient exploration to define a
mineral resource on the property and it is uncertain if further exploration will result in any target being delineated as a m ineral resource.
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. FLI herein
includes, but is not limited to: future drill results; stakeholder engagement and relationships; parameters and methods used with respect to the assay
results; the prospects, if any, of the deposits; future prospects at the deposits; and the significance of exploration activi ties and results. FLI is designed
to help you understand management’s current views of its near- and longer-term prospects, and it may not be appropriate for other purposes. FLI by their
nature are based on assumptions and involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance
or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such FLI.
Although the FLI contained in this press release is based upon what management believes, or believed at the time, to be reaso nable assumptions, the
Company cannot assure shareholders and prospective purchasers of securities of the Company that actual results will be consistent with such FLI, as
there may be other factors that cause results not to be as anticipated, estimated or intended, and neither the Company nor any other person assumes
responsibility for the accuracy and completeness of any such FLI. Except as required by law, the Company does not undertake, and assumes no
obligation, to update or revise any such FLI contained herein to reflect new events or circumstances, except as may be required by law. Unless otherwise
noted, this press release has been prepared based on information available as of the date of this press release. Accordingly, you should not place undue
reliance on the FLI or information contained herein. Furthermore, should one or more of the risks, uncertainties or other fac tors materialize, or should
underlying assumptions prove incorrect, actual results may vary materially from those described in FLI. Assumptions upon which FLI is based, without
limitation, include: the ability of exploration activities to accurately predict mineralization; the accuracy of geological modelling; the ability of the Company
to complete further exploration activities; the legitimacy of title and property interests in the deposits; the accuracy of key a ssumptions, parameters or
methods used to obtain the assay results; the ability of the Company to obtain required approvals; the results of exploration activities; the evolution of
the global economic climate; metal prices; environmental expectations; community and nongovernmental actions; and any impacts of COVID-19 on the
deposits, the Company’s financial position, the Company’s ability to secure required funding, or operations. Risks and uncertainties about the Company’s
business are more fully discussed in the disclosure materials filed with the securities regulatory authorities in Canada, whi ch are available at
www.sedar.com. 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 releas e.