MURCHISON MINERALS LTD - MURMF STOCK NEWS

Murchison Minerals Ltd. (TSXV:MUR)(OTCQB:MURMF) announced promising assay results from diamond drillholes at the Syrah Target, part of its 100%-owned HPM Project in Quebec. The results show extensive disseminated nickel-bearing sulphide mineralization, confirming a large magmatic sulphide system. Notably, drillhole SYR22-001 intersected 277.3 m grading 0.22% NiEq, with high-grade intervals present. Additionally, backpack drill results at the Lac Paradis Prospect revealed high-grade nickel-copper-cobalt, further enhancing the project's prospects. Murchison's leadership expressed confidence in the ongoing exploration efforts aimed at identifying more significant mineralization.

Murchison Minerals Ltd. reported successful assay results from eight diamond drillholes at the Barre de Fer (BDF) Zone, part of its HPM Project in Quebec, demonstrating significant mineralization extensions down dip and along strike. Key highlights include:

• BDF22-010 intersected 19.92 m at 1.17% NiEq and 3.49% CuEq.
• The current BDF dimensions show a depth increase to 475 m, and width expansion from 150 m to 200 m.
• Drilling confirmed the BDF Zone remains open for further exploration.

The 2022 Summer Exploration program successfully met its objectives, suggesting strong potential for future expansion.

Murchison Minerals Ltd. (TSXV:MUR, OTCQB:MURMF) has approved the issuance of 2,315,000 stock options to its directors, officers, employees, and consultants. These options are priced at $0.12 and will expire on December 15, 2027, with immediate vesting. The company focuses on nickel-copper-cobalt exploration at the 100%-owned HPM Project in Quebec and the Brabant Lake zinc-copper-silver project in Saskatchewan. For further details, visit murchisonminerals.ca.

Murchison Minerals Ltd. announced assay results from the second diamond drillhole, BDF22-002, at the Barre de Fer zone, part of its 100% owned HPM Project in Quebec. The drillhole reached 452 m, intersecting two significant Ni-Cu-Co sulphide mineralization zones totaling 175.15 m. Highlights include 121.20 m grading 1.36% NiEq and 4.07% CuEq, with key intersections showing potential for future expansion. The company plans to release more assay results and is set to provide a maiden resource estimate in Q1 2023.

Murchison Minerals Ltd. announced promising assay results from drillhole BDF22-001 at the Barre de Fer zone of its HPM Project in Quebec. The drillhole, reaching 404 m, revealed three significant zones of nickel-copper-cobalt mineralization totaling 130 m. Noteworthy highlights include intersections of 18.05 m at 1.86% NiEq and 69.90 m at 0.68% NiEq. These results validate the company's exploration model and indicate the zone's potential for future resource expansion. A maiden resource estimate is expected in Q1 2023, with further assay results to be released soon.

Murchison Minerals Ltd. (MURMF) announced positive results from the final three diamond drill holes at the Barre de Fer (BDF) Zone, part of its 2022 Summer Exploration Program on the HPM Project in Quebec. These results extend mineralization along the strike to 370m, confirming high-grade nickel-sulphide mineralization remains open. Highlights include BDF22-010, which intersected a 20.42m interval with 1.27% nickel equivalent. The company plans to produce a maiden resource estimate in early 2023, indicating promising potential for the HPM area as a developing nickel district.