Murchison Minerals Ltd. announced a non brokered private placement to issue Hard Dollar units at an issue price of CAD 0.05 per unit and National flow-through units at an issue price of CAD 0.055 for the aggregate gross proceeds of CAD 1,500,000 on December 14, 2023. Each HD Unit will be comprised of one common share and one-half of a common share purchase warrant and NFT Unit will be comprised of one flow-through common share and one-half of a Warrant. Each whole Warrant shall be exercisable to acquire one additional Common Share at a price of CAD 0.08 for a period of 24 months from the date of closing of the Offering.

A finder's fee may apply to a portion of the proceeds raised under the Offering in the amount of 6% cash and 6% finders' warrants. All securities issued pursuant to the Offering will be subject to a four month hold period from the date of issue. The transaction will include participation from Donald K. Johnson, will acquire a certain number of Units under the Offering to maintain his current ownership at around 30%.

The Offering was approved by all independent directors of the Company.