Advancing High-Grade

• Zinc-Copper Project in Sk.

• Nickel-Copper-Cobalt in Qc.

TSXV: MUR

February 2020

info@murchisonminerals.comwww.murchisonminerals.com

TSXV:MUR

Cautionary Statements

The statements, maps and models in this presentation are based on information currently available to Murchison Minerals Ltd. (the “Company”) and the Company provides no assurance that actualresults will meet management's expectations. In certain cases, forward-looking information may be identified by such terms as "anticipates", "believes", "could", "estimates", "expects", "may",“potential”, "shall", "will” or "would". Forward-looking information contained in this presentation is based on certain factors and assumptions regarding, among other things, the estimation of mineralresources and mineral reserves, the realization of resource estimates and reserve estimates, metal prices, the timing and amount of future exploration and development expenditures, the estimation ofinitial and sustaining capital requirements, the estimation of labour and operating costs, the availability of necessary financing and materials to continue to explore and develop the Company’s project inthe short and long-term, the progress of exploration and development activities, the receipt of necessary regulatory approvals, the completion of the environmental assessment process and assumptionswith respect to currency fluctuations, environmental risks, title disputes or claims and other similar matters. While the Company considers these assumptions to be reasonable based on informationcurrently available to it, they may prove to be incorrect.

Forward looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materiallydifferent from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors include risks inherent in the exploration and development ofmineral deposits, including risks relating to changes in project parameters as plans continue to be redefined including the possibility that mining operations may not commence at the Company’s projectrisks relating to variations in mineral resources, mineral reserves, grade or recovery rates resulting from current exploration and development activities, risks relating to changes in metal prices and theworldwide demand for and supply of base and precious metals, risks related to increased competition in the mining industry generally, risks related to current global financial conditions, uncertaintiesinherent in the estimation of mineral resources and mineral reserves, access and supply risks, reliance on key personnel, operational risks inherent in the conduct of mining activities, including the risk ofaccidents, labour disputes, increases in capital and operating costs and the risk of delays or increased costs that might be encountered during the development process, regulatory risks, including risksrelating to the acquisition of the necessary licenses and permits, financing, capitalization and liquidity risks, including the risk that the financing necessary to fund the exploration and developmentactivities at the Company’s project may not be available on satisfactory terms, or at all, risks related to disputes concerning property titles and interest, and environmental risks. The Company does notundertake to update any forward-looking information that may be made from time to time by the Company or on its behalf, except in accordance with applicable securities laws.

Qualified Persons

Finley Bakker P. Geo, and Martin St-Pierre P. Geo., Independent Consultants, are the Qualified Persons as defined in NI 43-101 that reviewed and approved the technical information contained in this presentation.

2/19/20202

2/20/2020 3

What makes a mining company, and especially a ‘junior’, attractive for investment? Those factors include:

• Location/geography/political risk;• Asset/ore deposit/exploration• Commodity;• Ownership• Perhaps the most important –

Management’s track record.

• Central Saskatchewan and Quebec;• Brabant McKenzie orebody, numerous mineral showings on 565 km2 claims holdings;• Copper/Zinc/Nickel/Silver/Gold/Cobalt;• 100% ownership in both the Brabant Lake and HPM projects• History of successful financing of exploration and development projects in Canada,

Africa & South America

WHY MURCHISON MINERALS LTD (MUR)?

MURCHISON MINERALS LTD ASSET BASE (MUR)

• Brabant-McKenzie VMS Deposit

Resource Base:•Indicated: 2.1 M t @ 9.98% Zn Eq

•Inferred: 7.6 M t @ 6.29% Zn Eq

•100% owned, no royalties

• 566 km2 land position in Saskatchewan

• Multiple priority drill targets

• Drilling started late in January 2020

• Excellent Infrastructure

(access, power, manpower)

• HPM Ni-Cu-Co project in Quebec 26.2 km2

• Best Drill Assay: 43.18 metres of 1.74% nickel, 0.90% copper and 904 ppm cobalt

• 100% owned

Share Price $0.14

Shares O/S (MM) 64.7M

Current Market Capitalization

C$9.1MUS $6.8 M

Working Capital C$1.0 M2/19/2020 4

Brabant Lake Location vs Other Major VMS Deposits

Brabant Lake

Lynn Lake Area

Flin Flon Area

2/19/2020 5

6

Brabant

Sudbury

Flin Flon

TrailAsia

Europe

Access to Smelters in Canada, Europe and Asia

Well developed network of roads, rail and seaway ocean transportation

2/19/2020

Saskatchewan Current Claim Holdings 565.6 km2 Over 57 km strike length

7

M-North Claim Block acquired in January 2020

Henry Claim Blocks acquired in November 2019

MAS Claim Block acquired in February 2020

M Claim Block acquired in December 2019

SIGNIFICANT EXPLORATION POTENTIAL:+60 COMBINED VTEM/MAG TARGETS IDENTIFIED

Additional targets likely to be identified with a 900 line kilometer VTEM airborne survey planned for completion in April

Brabant McKenzie Deposit

VMS CAMP POTENTIAL• HIGH GRADE Zn-Cu VMS DEPOSIT

Indicated: 2.1 M t @ 9.98% Zn EqInferred: 7.6 M t @ 6.29% Zn Eq

• 566 KM2 OF CLAIM COVERAGE OVER 57 KM OF STRIKE LENGTH

• 12 HIGH PRIORITY TARGETS (14 holes) BEING DRILLED CURRENTLY

• YEAR ROUND ROAD ACCESS

• LOCAL COMMUNITY accommodations, food, grid power

• 357 KV HYDRO POWER LINE CROSSES PROPERTY

• PROPERTY WIDE WATER ACCESS

• IDLE PROCESS MILL NEARBY

Proposed 900 Line-Km VTEM Airborne Survey (Pink) March 15-April 15 2020

January 2019

March-April 2020

• All of Murchison’s claims will then have VTEM airborne coverage• Newly identified EM/Mag conductors will be mapped in the 2020 field season

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2/19/2020 9

MINERAL SHOWING NAME COMMODITY ASSOCIATION TYPE UTM13E UTM13N

Wierzycki Lake (south of) Cu-Fe Occurrence Cu Fe Outcrop grab 563044.7 6204036

Camp Au-Cu Zone Cu Au, Py Outcrop grab 567478.5 6212019

Swamp Cu Zone Cu Gf, Po, Py Outcrop grab 565278.6 6206481

Wierzycki Lake Cu Showing Cu Py Outcrop grab 562699.7 6207463

Sol Cu Zone Cu Mt, Po, Py Outcrop grab 564192.7 6206063

Lindsay Lake Py-Po Occurrence Py Cu, Zn Outcrop grab 567958.5 6214501

Wierzycki-MAS Claim Block (February 2020) Hosts 6 Mineral Showings

• Airborne coverage in April 2020• Field prospecting planned for summer 2020

2/19/2020 10

2012 Henry VTEM Airborne Survey

• Geotech Ltd. conducted a helicopter-borne EM/Mag geophysical survey located immediately north of Murchison’s Brabant Lake Project area in northern Saskatchewan in April-May 2012.

• The survey covered an area of 272 km2 with 1,482-line kms.

• Murchison reviewed the data and acquired 5 claim blocks covering 50.8 km2 with the most promising anomalies in November 2019.

Brabant-McKenzie Deposit

2/19/2020 11

M-North Claim Block

M & M-North Claims With 14 EM Conductors from 1968 survey

The area will be re-flown with VTEM Max technology.

2/19/2020 12

Drilling

3-D Data Modelling

Data Plotting

Airborne Data Collection

VMS Orebody Formation

Ground Prospecting & Geophysics

Finding VMS Mineral Deposits

2/19/2020 13

Brabant Lake: Great Access, Local Infrastructure

357 KV Hydro Power Line Crosses PropertyVillage of Brabant Lake

Drill Core Logging Facility

Murchison Owned Houses

Core Storage Site

TSXV:MUR

Brabant-McKenzie Deposit

Anomaly D

Brabant Lake Community

800 m

N

Mineralized Showing

Brabant-McKenzie High-Grade Zinc-Copper-Silver DepositPrime Location – One Kilometer from Infrastructure

Brabant-McKenzie Deposit

• Current resource estimate:

• Indicated: 2.1 M t @ 9.98% Zn Eq

• Inferred: 7.6 M t @ 6.29% Zn Eq

• Year-round access via existing roads

• 1 km from provincial highway, power, water

• 2 km from Brabant Lake Community

Mineralized Showings

Image Source: Brabant-McKenzie Property, Saskatchewan, Canada , Murchison Minerals Ltd. September 4, 2018 Prepared by: Finley Bakker Consulting, Campbell River, B.C, St-Pierre Geoconsulting Ltd., and Murchison Minerals Ltd.

Grid Power Line

Discovery trench

2/19/2020 14

TSXV:MUR

Deposit Geology – Robust Dimensions

• Geological model based on:

o 138 diamond drill holes

o including 19 holes 9,004 m from 2018 Diamond Drill Program

• Deposit outcrops at surface, dip averages 51 degrees NW

• Mineralization tentatively correlated over 1,100 m strike

• 2 mineralized zones defined

• Upper Mineralized Zone (UMZ) (Black)

o Defined over strike and dip length of 1 km at 50 m depth

o Maximum width to 16 m, averages 5.3 m

• Lower Mineralized Zone (LMZ) (Purple)

o Up to 25-30 m below UMZ

o Defined over strike and dip length of 800 m from surface

o Maximum width to 18 m, averaging 6.7 m

• Deposit remains open at depth and laterally

Lower Mineralized Zone

Geological Model Footwall Wall View

View Looking Northwest

Upper Mineralized Zone

Image Source: Brabant-McKenzie Property, Saskatchewan, Canada , Murchison Minerals Ltd. September 4, 2018 Prepared by: Finley Bakker Consulting, Campbell River, B.C, and Murchison Minerals Ltd.2/19/202015

TSXV:MUR

Geology – Coarse Grained VMS

• Project lies in the same geological environment as the Flin Flon, Lalor Lake, Lynn Lake and Snow Lake Deposits

• The Deposit is defined as a high grade metamorphosed sedimentary hosted VMS deposit

• Similar to the Wilroy, Wilecho, Nama Creek deposits (satellite deposits to the 54 million tonne Geco deposit in Ontario), or the Sherridon deposit (Manitoba)

• Mineralization occurs as disseminated to massive, semi massive and breccia-vein sulphides

• Coarse grained (recrystallized), pyrrhotite, pyrite, sphalerite, chalcopyrite and galena

2/19/202016

TSXV:MUR

NI 43-101 Resources – Resource Estimate Domains

The Brabant-McKenzie Deposit remains robust

• Indicated and inferred resource domains are based on 3.5% zinc equivalent cut-off grade

• Deposit continuity remains intact over 2.5% to 4.5% zinc equivalent cut-off grades

• Resource estimate based on 19-2018 diamond drill holes - visual inspection and reexamination of historic drilling, review of historical drill logs

UMZ Resource Domain

500 m

View Looking SoutheastHanging Wall View

LMZ Resource Domain

Indicated

Inferred

Image Source: Brabant-McKenzie Property, Saskatchewan, Canada , Murchison Minerals Ltd. September 4, 2018 Prepared by: Finley Bakker Consulting, Campbell River, B.C

Category tonnes Zn% Cu% Pb% Ag(g/t) ZnEq%

Indicated 2,051,086 7.08 0.69 0.49 39.60 9.98

Inferred 7,634,077 4.45 0.57 0.19 18.40 6.29

Inferred

2/19/202017

Resource Classification

2/19/202018

TSXV:MURDeposit Retains Exploration Upside Potential

• The display of zinc equivalent grade distribution within the geological model is defined by drill density

• Potential remains for additional high-grade capture within current geological model via increased infill drilling

• Upside potential includes:

o Lateral and down dip deposit extensions outside current geological model

o Internal targets within current geological model for potential tonnage additions

o Potential resource upgrade of inferred to indicated category through increased drill density

Hanging-wall View – Upper Mineralized Zone Footwall View - Lower Mineralized Zone

UMZ Geological Model(Black)

UMZ ZnEq Grade Shell

500 m

Image Source: Brabant-McKenzie Property, Saskatchewan, Canada , Murchison Minerals Ltd. September 4, 2018 Prepared by: Finley Bakker Consulting, Campbell River, B.C

Deposit Grade Shell Distribution

5.5 – 6.5% Zinc Eq.

3.5-4.5% Zinc Eq.

4.5 – 5.5% Zinc Eq.

>6.5% Zinc Eq.LMZ ZnEqGrade Shell

LMZ Geological Model(Purple)

2/19/202019

2/19/2020

Brabant Lake Project – High Priority Exploration Drill Targets

Priority Drill Targets(Drilling from January-End of March 2020)

1 Brabant-McKenzie South2 Min Showing North3 T2T-A4 Tom25 Tom Copper6 Brabant South7 Main8 Main West9 Bra3

10 Pete’s Point South11 McIvor Channel12 McIvor2

20

Drill Targets

2/19/2020

Brabant McKenzie Deposit

Sphalerite-bearing backpack drill core.

21

Brabant McKenzie South EM Plate

Brabant Lake Village

Target #1 Brabant McKenzie South Anomaly

2/19/2020

Drill core sample assay results

Drill hole ID From (m) To (m) Length (m) Ag (g/t) Cu (%) Zn (%) Au (ppb)

DDHBM19-002 0.00 3.75 3.75 10.0 0.07 3.49 542

Brabant McKenzie Deposit

The coincident magnetic trend can be traced northward to the Brabant-McKenzie deposit. The large Maxwell plate derived from the ground geophysical survey has a low conductivity-thickness (CT) of 9.3 Siemens, which can be consistent with the characteristically non-conductive sphalerite mineralization.

Sphalerite-bearing backpack drill core.

22

2/19/2020

Brabant Lake - EM Channel 10 with High Priority Drill Targets

• 5 major conductors over 5 kilometers• South of and on the same geological

horizon as the Brabant-McKenzie deposit

23

2/19/2020

Target #5 TOM Copper Area

• Target #5 TOM COPPER is located along the interpreted Brabant-McKenzie VMS Trend, approximately 7.5 km southwest of the Brabant-McKenzie deposit.

• The graphic shows the VTEM Channel 45 Z colour image with modelled EM plate and proposed drill hole.

• Modelled EM plate TOM COPPER is a large conductor with shallow dip and low to moderate conductivity of 74 Siemens.

24

The South Area is immediately southwest of TOM2, Brabant South is a complex grouping modelled using VTEM with multiple individual plates. Conductivities range from moderate to high. Sizes also vary significantly. Magnetic coincidence is moderate. Ground geophysical follow-up is planned.

Target #6 Brabant South Area

South A

South B

South C

South D

2/19/202025

Target #7-8 Main & Main West Anomalies

2/19/2020

Sphalerite-bearing backpack drill core.

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Target # 7 MAIN LAKE

Samples collected in pits

Sample # % % ppm % ppm

Fe % Cu Zn Ag Pb Au

SRC149955 na 0.55% 0.07% 10.9 na 0.14

SRC149956 na 1.44% 0.25% 30.6 na 1.47

SRC149957 na 0.15% 1.16% 3.8 na 0.04

SRC149958 na 0.31% 11.65% 11.3 na 0.05

collected by Murchison Minerals July 2018

7.17 0.32% 0.23% - 0.03% na

4.39 0.76% 0.62% 16 0.03% na

4.77 1.80% 0.28% 51 0.08% na

4.99 1.97% 0.14% 51 0.04% na

5.81 0.60% 1.46% 18 0.05% na

3.33 0.87% 1.88% 13 0.02% na

2.13 0.26% 1.10% 16 0.08% na

SASKATCHEWAN DEPARTMENT OF MINERAL RESOURCES REPORT No. 148, 1972

PIT

Disseminated sulphides

Massive sphalerite (Zn)

2/19/2020 27

Targets #7 & #8 MULTIPLE CONDUCTORS

600 m

• Main is a well-isolated EM anomaly detected by VTEM-Max.

• It has modelled dimensions of 341 m X 108 m with a moderate to high CT of 347 Siemens. •

• It dips to the west at 33 Deg, and plunges to the north at 28 Deg.

• Top edge closest to surface is at a depth of 38 m at it south end. Magnetic coincidence is good.

• Zinc/copper sulphide showing in outcrop, grab samples collected in 2019 assayed up to 6.17% Cu, 8.31% Zn, 140g/t Ag and 0.2 g/t Au

Main West Zone –multiple conductors

Main

282/19/2020

Target #9 Brabant 3 Anomaly

• Brabant 3 was detected by VTEM-Max.

• It was modelled with two plates, both of which are primary targets.

• Brabant 3-A has a CT of 294 Siemens with dimensions of 444 m X 260 m with good magnetic high coincidence.

• Brabant 3-B has a CT of 395 Siemens with dimensions of 301 m X 47m with good magnetic high coincidence.

2/19/2020 29

Target #10 PETE’S POINT SOUTH

2/19/2020

• PETE’S POINT SOUTH is located approximately 7.3 km south-southwest of the Brabant-McKenzie deposit, and 1.9 km to the southeast of the interpreted Brabant-McKenzie VMS Trend.

• Figure 32 shows the VTEM EM Channel 46 Z colour images.

• The plate has high conductivities of 367 Siemens

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Target #11 McIvor Channel

Brabant Lake

• Trenching over conductor / gossan

• Concordant Mag High + EM Signature over 1,800 m

• The McIvor Channel A and McIvor Channel B plates have high conductivities of 967 and 268 Siemens, respectively

2/19/2020 31

Target #12 McIvor Channel 2

Brabant Lake

• The plate has high conductivities of 479 Siemens.

• The EM image (Figure 39) shows the modelled EM plate. strong which also has strong coincidence with an elevated magnetic intensity.

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HPM PROJECTNi-Cu-Co

2/19/2020 33

2/19/2020 34

HPM SUMMARY

Property: property consists of 51 claims covering 2,726 hectares.

Location: 275 km NNE of Baie-Comeau135 km south of Fermont

Ownership: 100% ownedGlencore option to back in on 50% production under certain conditions

Infrastructure: Close access via all weather provincial road/gravel road

Geology: Regionally Manicouagan Metamorphic ComplexProperty - Gabbro Est Intrusion

Mineralization: Massive and semi-massive sulphide pyrrhotite,lesser pentlandite and chalcopyrite

Past Work: Mapping, Geochem, Geophysics, TrenchingDrilling -6,500m (2000-2008)Drilling intersected numerous high-grade intervalsInitial deposit definedProspecting identified new Ni-Cu-Co showings

Next Steps: Desktop compilation and target IDDesign carry out ground truth exploration program

2/19/2020 35

• HPM Ni-Cu-Co land package is approximately 275 km NNE of Baie-Comeau and 135 km south of Fermont via Provincial Road-389 (“PR-389”)

• HPM property is about 30 km from the established Petit-Manic base camp and 40km from PR-389

• Land package consists of claims covering 2726 Ha

• Gagnonville airstrip is about 50 km

• Project supplies via Baie-Comeau

HPM LOCATION

2/19/2020 36

• Regionally - underlain by the 80 km long by 50 km wide Haut Plateau de la Manicouagan

• The HPM property lies within the 50 km by 100 km Manicouagan Metamorphic Complex

• Mineralization consists of massive and semi-massive sulphide primarily pyrrhotite containing lesser amounts pentlandite and chalcopyrite

• Main prospects indentified by Xstrata Nickel are : Barre de Fer

PYC

HPM GEOLOGY

1/17/20202/19/2020 37

Murchison

Xstrata/Glencore Area Of Interest

• 2008 AeroTEM II survey covering HPM land package generated 953 AEM anomalies

• 2008 Max-Min\Mag surveys over the Barre de Fer grid confirmed the presence of the AeroTEM II AEM anomalies

• Further defined the Barre de Fer nickel-bearing massive sulphide showing

• Generated an additional 24 conductors

HPM GEOPHYSICS & DRILL RESULTS

Summary

• Massive sulphide nickel-copper-cobalt

mineralization

• High grade drill intercepts

• Outcrop discovery

• Open to drill expansion

• Property and regional exploration upside

• Rail and road accessible

Plan View: 3D Grade Shells

Pseudo-Section: Looking East

HPM Ni-Cu-C0 Sulphide Mineralization: Plan & Section Views

38

• 2000 - 2008 approximately 6,500 m of drilling has been carried out on HPM• Total drilling on the Barre de Fer has outlined an initial deposit• Significant intercepts include:

• 15.06 m – 1.72% Cu, 0.66% Ni• 43.18 m – 1.74% Cu, 0.90% Ni• 4.03 m – 2.31% Cu, 1.35% Ni

• Additional drilling on numerous Max/Min conductors intercepted potentially ore grade intervals including:

• 5.74 m – 0.97% Cu, 2.37% Ni• 7.47 m – 0.76% Cu, 1.60% Ni• 7.20 m – 0.69% Cu, 1.44% Ni2/19/2020

TSXV:MURPlanned Activities 2020

Completed field prospecting, mapping, sampling over all the major EM/High Mag targets identified in the 2019 VTEM airborne survey.

Selected 12 different high priority targets for diamond drilling in January to April 2020 (4,000 m)

Undertake a +900 line km VTEM Max airborne to cover all un-flown claims at Brabant Lake

Diamond drill the near surface portion of the part of the Brabant-McKenzie deposit as well as undertake surface trenching over the deposit.

Undertake field prospecting on the new Henry, MAS, M and M-North Claim Blocks at Brabant Lake and on the HPM Ni-Cu-Co property in Quebec

2/19/2020 39

TSXV:MUR

0.00%

5.00%

10.00%

15.00%

20.00%

25.00%

NorZinc ConstantineMetal

Resources

MurchisonMinerals

ZincXResources

TinkaResources

VendettaMining

AquilaResources

Foran Mining Callinex Mines(Nash andSuperjackDeposits)

Measured+Indicated ZnEq Grade

High Quality Deposit – Ranked by Grade with Peers

• The Brabant-McKenzie deposit ranks as one of the highest grade zinc deposits amongst its peers

• 2018 drilling results confirmed the high-grade nature of the deposit

Peer Comparison Zinc Equivalent Grades

ZnEq

Gra

de

Assumption: 100% recoveries and 100% payables, Spot price - US$1.20/lb Zn, US$2.50/lb Cu, US$1.00/lb Pb, US$16.00/oz Ag, US$1200/oz Au Resource Data Source: Company 43-101 Technical Reports

2/19/2020

40

2/20/2020 41

Zinc (Zn), chemical element, a low-melting metal of Group 12 (IIb, or zinc group) of the periodic table, that is essential to life and is one of the most widely used metals. Zinc is of considerable commercial importance.

AppearanceA silvery-white metal with a blue tinge. It tarnishes in air.Sphalerite (zinc sulfide) is the primary ore mineral from which most of the world's zinc is produced

UsesMost zinc is used to galvanize other metals, such as iron, to prevent rusting. Galvanized steel is used for car bodies, street lamp posts, safety barriers and suspension bridges.

Large quantities of zinc are used to produce die-castings, which are important in the automobile, electrical and hardware industries. Zinc is also used in alloys such as brass, nickel silver and aluminum solder. Zinc oxide is widely used in the manufacture of very many products such as paints, rubber, cosmetics, pharmaceuticals, plastics, inks, soaps, batteries, textiles and electrical equipment. Zinc sulfide is used in making luminous paints, fluorescent lights and x-ray screens.

Biological roleZinc is essential for all living things, forming the active site in over 20 metallo-enzymes. The average human body contains about 2.5 grams and takes in about 15 milligrams per day. Some foods have above average levels of zinc, including herring, beef, lamb, sunflower seeds and cheese. Also used in fertilizer supplements to enhance crop yield

ZINC

TSXV:MUR

BOTTOM LINE: COMPELLING ASSET BASE

Brabant-McKenzie Deposit: No Royalties – 100% owned

• Potential for deposit expansion, resource growth and category upgrade

Brabant Property Package: Recently quadrupled the land position to 430 km2

• VMS Camp potential. Over 60 EM/MAG targets identified

• 12 priority targets being drilled (program started in late January 2020)

• Excellent proximity to infrastructure – highway access, power, water, major service centers

HPM Ni-Cu-Co Project in Quebec– 100% owned

• 1.74% Ni, 0.90% Cu and 904ppm Co over 43.2 metres from the 2008 drill program

SHARES UNDERVALUED RELATIVE TO INDUSTRY PEERS BASED ON BRABANT-McKENZIE ALONE

UNPARALLELED EXPLORATION POTENTIAL IN SASKATCHEWAN AND QUEBEC

Tight Capital Structure – 64.7 MM shares outstanding

2/19/202042

TSXV:MURExperienced and Solid Board of Board of Directors & Management

JEAN-CHARLES (JC) POTVIN, B.Sc. (Hon), MBA

President & CEO, Chairman

• Co-founder of the company

• President and CEO of Pangea Goldfields Inc. acquired by Barrick Gold Corporation for $204 million in 2000

• Previously Director, Vice-President and top-ranked Equity Research Gold Analyst with Burns Fry/ BMO Nesbitt Burns

• Currently a director of Azimut Exploration Inc., Golden Sun Resources and Gold Reserve Inc.

DAVID PYPER, B.Eng., MBA,

Director, Independent

• Chair of the Compensation Committee and member of the Audit Committee

• Managing Partner at Blair Franklin Capital Partners Inc. of Toronto

• David has over 24 years of M&A and corporate finance experience in a wide variety of industries

ERIK H. MARTIN CPA, CMA Chief Financial Officer and Corporate Secretary

• 24 years of financial disclosure & management experience with publicly listed resource companies

DENIS C. ARSENAULT, B.Comm.,

Director, Independent

• Chair of the Audit Committee and member of the Compensation Committee

• More than 29 years of professional experience with extensive board and governance committee experience

• Held senior financial positions in a range of sectors including mining and resources

DONALD K. JOHNSON, B.Eng., MBA, O.C.

Director

• Donald currently serves as a member of the Advisory Board of BMO Capital Markets

• President of Burns Fry from 1984 to 1989

• Served as Vice Chairman of BMO Nesbitt Burns until 2004

• Formerly a Director of the Toronto Stock Exchange and Chairman of the Investment Dealers Association of Canada

• Currently Emeritus Chairman of Goeasy Limited

• Officer of the Order of Canada

2/19/2020 43

Suite 2500

120 Adelaide Street West

Toronto, Ontario M5H 1T1

+1 416 350 3776

info@murchisonminerals.com

www.murchisonminerals.com

TSXV:MUR