MUR.V · 2020-07-20 12:00:00

Murchison Minerals Retains CHF Capital Markets

Marketing Announcement

Toronto, ON, July 20, 2020 – Murchison Minerals Lt d. (“Murchison” or the “Company”) (TSXV: MUR) today

announced that it has engaged CHF Capital Markets ( “CHF”), a highly-regarded Canadian investor relations and

capital markets firm.

Jean-Charles P otvin, President and CEO of Murchison , commented: “ Murchison just announced the

commencement of our summer exploration program at the Brabant Lake projec t in Saskatchewan, and we will

also be doing some work on our HPM project in Quebec, so we expect a good news flow in the coming months.

We feel that now is the right time for us to connect with a broader network of mining -savvy inves tors and

investment advisors to get more eyes on the story. We are delighted to be working with Cathy and her team at

CHF, whose solid conn ections, knowledge and professionalism will serve Murchison well, as we continue

exploration activities on our exciting properties.”

Effective i mmediately, the service agreement with CHF for investment community outreach, corporate

communications, stakeholder engagement, and social & digital marketing is for a fixed term of twelve months

ending July 14, 2021. Thereafter, the contract may be extended month to month with a two months’ cancellation

notice. Under the terms of the agreement, which is subject to TS X Venture Exchange approval, CHF will receive

$6,000 per month in fees, reimbursement of approved expenses and 400,000 stock options exercisable at $0.10

cents for a period of 5 years. The options will vest over 12 months with 25% every three months. Upon

termination of the services agreement, stock options will be cancelled after 30 days, as required by the TSXV.

About Murchison Minerals Ltd.

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

owned Brabant -McKenzie zinc -copper-silver deposit and surro unding land package in north -central

Saskatchewan. The Company also has a 100% interest in the HPM nickel-copper-cobalt project in Quebec.

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

CHF Capital Markets

Cathy Hume, CEO

Phone: 416-868-1079 x231

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.