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MUR.V ·

Recent Wildfire Activity on the North Shore of Quebec

Mine Development & Operations

News Release

Recent Wildfire Activity on the North Shore of Quebec

June 5th, 2023 (Burlington, Ontario): Murchison Minerals Ltd. (“Murchison” or the “ Company”)

(TSXV: MUR | OTCQB: MURMF) A state of emergency has been declared in parts of Quebec, due

to wildfires threatening homes and businesses. Evacuations have been ordered in parts of Sept-

Îles and the Innu First Nation of Uashat mak Mani -utanem. Murchison Minerals would like to

extend its support to all those effected by the wildfires, and its appreciation to the first responders

and local officials who are ensuring the safety of the effected communities.

For information on the current wildfire situation, please visit the Canadian Red Cross link below.

https://www.redcross.ca/how-we-help/current-emergency-responses/2023-quebec-fires

About Murchison Minerals Ltd. (TSXV: MUR, OTCQB: MURMF)

Murchison is a Canadian‐based exploration Company focused on nickel -copper-cobalt

exploration at the 100% - owned HPM Project in Quebec and the exploration and development of

the 100% - owned Brabant Lake zinc‐copper‐silver project in north‐central Saskatchewan.

Murchison currently has 218.2 million shares issued and outstanding.

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,

Erik H Martin, CFO, or

Justin LaFosse, Director Corporate Development

Tel: (416) 350‐3776

[email protected]

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 mineral resource.

Certain information set forth in this news release may contain forward -looking information that involves substantial known and unknown ri sks 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, a nd 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; futu re prospects at the deposits; and the significance of exploration activities 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

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MURCHISON MINERALS LTD. NEWS RELEASE

or achievements of the Company to be materially different from any future results, performance or achiev ements 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 se curities 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 accu racy 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 r isks, uncertainties or other factors materialize, or should

underlying assumptions prove incorrect, actual results may vary materially from those described in FLI. Assumptions upon whic h 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 k ey assumptions, 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 no ngovernmental 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 disc losure materials filed with the securities regulatory authorities in Canada, which 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.