Murchison Minerals Announces Assay Results From 2025 Diamond Drill Program At BMK VMS Deposit, All Holes Intersecting Significant Near-surface High-grade VMS Mineralization Including Precious Metals, Grades Up To 5.52% CuEq Or 21.97% ZnEq Including, 208g/

The most recent news release (February 4, 2026) reports assay results from the 2025 diamond drilling program at the BMK VMS Deposit in Saskatchewan. The program consisted of five holes totaling 853 meters. Key highlights include: - All five holes intersected significant near-surface, high-grade mineralization. - Notable intercept: Hole BMK25-005 intersected mineralization extending beyond the 2018 resource model. - Grades reached up to 5.52% Copper Equivalent (CuEq) or 21.97% Zinc Equivalent (ZnEq). - The discovery of previously unrecognized precious metal potential (gold and silver), with one interval in hole BMK25-004 returning 0.35 g/t Au over 6.82 meters. - Management confirms the deposit remains open and unconstrained, with shallow results (<150m) supporting the potential for an open-pit mining scenario.

This news is Material - Positive for several reasons: - Resource Expansion: The results successfully demonstrate that mineralization exists outside the current 2018 mineral resource estimate (MRE), particularly to the north and at shallow depths. - Grade Confirmation: High-grade results (over 5% CuEq) validate the quality of the project and its potential economic viability in a top-tier jurisdiction. - New Value Drivers: The identification of gold and silver adds a significant "precious metal kicker" that was not fully accounted for in prior modeling, potentially improving the Net Smelter Return (NSR) of the deposit. - De-risking: By confirming geological controls with the help of external experts (SRK), the company has established a "roadmap" for regional exploration across its 37-km trend. - Strategic Momentum: Following a 1:20 share consolidation in mid-2025 and a $2M financing, these results provide the "proof of concept" required to justify the 2026 expansion campaign.

Murchison Minerals is a Canadian exploration company focused on the BMK VMS Project in Saskatchewan and the HPM Nickel-Copper-Cobalt Project in Quebec. - Flagship: The BMK (Brabant-McKenzie) VMS Deposit. - Location: Located in the MacLean Lake Prospective VMS Belt, Saskatchewan, a top-ranked mining jurisdiction. - Status: 2018 MRE currently shows 2.1 Mt Indicated at 12.62% ZnEq and 7.6 Mt Inferred at 7.85% ZnEq. - Property: 100% owned; 859 km2 claim area covering a 37-km long prospective trend.