Murchison Minerals Commences ground geophysics program at the BMK Deposit consisting of Fixed Loop Transient Electromagnetic and Borehole Electromagnetic ("EM") surveys. Surveys are designed to assist in locating the copper-rich stockwork zone associated with zinc-rich massive sulphide zones like those found at the BMK Deposit. The objective of the surveys is to refine the CST target area in anticipation of a winter 2024 diamond drill program.

The CST target is located only 400 metres south of the BMK Deposit and is of similar size and conductive strength, the target has not been previously drilled. The focus of these surveys is to provide high-resolution geophysical data to aid in the potential discovery of a copper-rich stockwork zone and additional lenses of sulphide mineralization at the BMK Deposit. the CST target is considered highly prospective and is top priority for Murchison to drill test.

The large size and proximity of the anomaly to the BMK Deposit may indicate a copper stockwork zone or an additional lens of massive sulphide mineralization. This area has been identified as being highly prospective to host the potential copper stockwork zone typical of high-grade VMS deposits. The survey results will be incorporated into Murchison's targeting model in anticipation of a winter 2024 drill program at BMK Project.