Advancing High Grade Zinc-Copper Project SASKATCHEWAN CANADA - PowerPoint PPT Presentation

Advancing High Grade Zinc-Copper Project SASKATCHEWAN CANADA

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 actual results 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 mineral resources 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 of initial 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 in the 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 assumptions with 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 information currently 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 materially different 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 of mineral 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 project risks 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 the worldwide 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, uncertainties inherent 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 of accidents, 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 risks relating 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 development activities 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 not undertake 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, Martin St-Pierre P. Geo., Independent Consultants, and Kent Pearson P. Geo. are the Qualified Persons as defined in NI43-101 that reviewed and approved the technical information contained in this presentation. 2

Investor Highlights PROJECT • Focus Project – High Grade Zinc-Copper Brabant-McKenzie Project (the “Project”) • No Royalty – 100% owned • NI 43-101 Indicated resource (>10% zinc eq.) with potential deposit expansion and significant exploration upside • Demonstrated VMS mining camp scale potential via known showings and geophysics anomalies • 5 drill targets developed to-date project-wide including the Brabant-McKenzie Deposit, up from one • Excellent infrastructure – highway access, power, water, major service centers • Located in an excellent mining jurisdiction – Saskatchewan ranked first (Fraser Institute 2017) CORPORATE • Well Funded - $2.8 MM + cash* • Tight Capital Structure – 42.5MM shares outstanding MANAGEMENT • Experienced Management and Board of Directors - Significant mining industry skill set • Supportive, large shareholders * March 31, 2018 3

Management – Significant Mining Industry Experience FINLEY BAKKER P. Geo. KENT PEARSON P. Geo. Consulting Geologist President, CEO & Director • Geoscientist 40 years of experience in underground, open pit operations and exploration projects • Geologist with more than 25 years of experience in the mining and capital markets sectors • Chief Geologist at 4 operating mines, senior resource geologist and exploration manager • Mining experience spans grassroots exploration through to mine production • 38 years of proven record of resource and reserve estimation and expansion • Capital markets experience and debt research • Extensive experience in VMS Deposits • Executive roles in investment banking and consulting within the resources sector MARTIN ST-PIERRE P.Geo. ERIK H. MARTIN Consulting Geophysicist CPA, CMA Chief Financial Officer and Corporate Secretary • Founder and President of St-Pierre Geoconsultant Inc. • 24 years of financial disclosure & management experience with • 30+ years of exploration with extensive base metal experience – Flin publicly listed resource companies Flon VMS, Porphyry, Ni/Cu, Sedex, Mississippi Valley Type Deposits • Worked for BHP 1991-1998 as part of the exploration teams that discovered - Hope Bay gold deposits and Ekati diamond mine • Geophysical consultant to companies including DeBeers, Diavik Diamond Mine, Rio Tinto and junior exploration sector. 4

Brabant-McKenzie High-Grade Zinc Project • Mineral Claims – covering 5,320 Ha over a 16 km strike length Excellent Infrastructure – • 1 Mining Lease – 411 Ha covers the deposit Excellent Access • Year-round road accessible • 175 km NE of La Ronge Saskatchewan via Highway 102 • Approximately 3 km east of Brabant Lake community Flin Flon • 1 km off Highway 102 Brabant-McKenzie Project • Highway direct from Saskatoon, Prince Albert • Accommodations, food and fuel available locally Brabant-McKenzie • Grid power supported Community • Significant water access • Community/services support Highway 102 to La Ronge 5

Brabant-Mackenzie Project Overview The Brabant-McKenzie winter 2018 exploration season continued a Brabant-McKenzie successful expansion of the project Anomaly C N Deposit 5 drill targets defined : 1. Brabant-McKenzie Deposit Anomaly D 2. Anomaly C 3. Anomaly D 4. TOM2 5. T2T - 2018 New Discovery T2T Anomaly TOM2 Anomaly KM 0 1000 2000 3000 6

Br Braba bant-Mc McKenzie High-Gr Grade Zinc Project New Discoveries – Anomaly C and D 3 Focus Targets located within a 4 kilometre radius : 1. Brabant-McKenzie Deposit Brabant-McKenzie - currently hosts a resource estimate N Deposit Road access to 2. Anomaly C property – geophysical drill target 3. Anomaly D – geophysical drill target Brabant Lake Anomaly C Community Targets may represent a Volcanogenic Massive 800 m Sulphide (VMS) Cluster Mineralized Anomaly D Showings 7 Image Source: Technical Report on the Brabant-McKenzie Property, Saskatchewan, Canada for Murchison Minerals Ltd September 22, 2018.. Prepared by: Finley Bakker Consulting, Campbell River, B.C

Braba Br bant-Mc McKenzie High-Gr Grade Zinc Project Deposit Location – One Kilometer from Infrastructure Looking East-Northeast Brabant-McKenzie Deposit Project is easily accessed year round via existing roads and trails 1 km from Brabant Lake Property Access Road Image Source: Technical Report on the Brabant Lake Brabant-McKenzie Property, Saskatchewan, Canada for Murchison Community Minerals Ltd September 22, 2018.. Prepared by: Finley Bakker Consulting, 1 km Campbell River, B.C 8

Br Braba bant-Mc McKenzie High-Gr Grade Zinc Project Geology – Coarse Grained VMS • Project lies in the same geological belt as the Flin Flon, Lalor Lake, Lynn Lake and Snow Lake Deposits • The Brabant-McKenzie deposit (“Deposit”) is defined as a high grade metamorphosed VMS deposit • Similar to the 54 million tonne Geco deposit (Ontario), Sherridon deposit (Manitoba) • The Deposit is hosted primarily within rock units of: • Gneisses • Amphibolites • Mineralization occurs as disseminated to massive, semi massive and breccia-vein sulphides • Coarse grained (recrystallized), pyrrhotite, pyrite, sphalerite, chalcopyrite and galena 9