Murchison Minerals Ltd. — AGM Information 2021

Mar 29, 2021

MURCHISON MINERALS LTD.

NOTICE OF ANNUAL AND SPECIAL MEETING OF SHAREHOLDERS

NOTICE IS HEREBY GIVEN that an annual and special meeting (the “ Meeting ”) of the holders of common shares (the “ Shareholders ”) of Murchison Minerals Ltd. (the “ Corporation ”) in a virtual only format, which will be conducted via live webcast at https://obameet.zoom.us/j/61549700860 on Monday, April 26, 2021 , at the hour of 9:00 a.m. (Toronto time), for the following purposes:

1. to receive and consider the audited financial statements of the Corporation for the financial year ended December 31, 2020 and the report of the auditor thereon;

2. to set the board of directors at four (4) and to elect the directors of the Corporation for the ensuing year;

3. to appoint the auditor of the Corporation and to authorize the directors to fix its remuneration;

4. to approve and confirm the stock option plan of the Corporation; and

5. to transact such other business as may properly come before the Meeting or any adjournments or postponements thereof.

A shareholder wishing to be represented by proxy at the Meeting or any adjournment thereof must deposit his, her or its her duly executed form of proxy with the Corporation’s transfer agent and registrar, Computershare Investor Services Inc., at 8th Floor, 100 University Avenue, Toronto, Ontario M5J 2Y1 not later than 10:00 a.m. (Toronto time) on Monday, April 20, 2020 or, if the Meeting is adjourned, not later than 48 hours, excluding Saturdays, Sundays and holidays, preceding the time of such adjourned meeting.

Shareholders who are unable to attend the Meeting, are requested to date, complete, sign and return the enclosed form of proxy so that as large a representation as possible may be had at the Meeting.

The board of directors of the Corporation has by resolution fixed the close of business on Monday, March 22, 2021 as the record date, being the date for the determination of the registered holders of common shares of the Corporation entitled to receive notice of, and to vote at, the Meeting and any adjournment thereof.

COVID-19 GUIDANCE

In the context of the effort to mitigate potential risk to the health and safety associated with COVID-19 and in compliance with the orders and directives of the Government of Canada, the Province of Ontario and the City of Toronto, the Corporation will be holding its meeting in a virtual only format and the shareholders will not be able to attend the Meeting in person. All shareholders are encouraged to vote on the matters before the Meeting by proxy in the manner set out herein and in the accompanying management information circular dated March 22, 2021 of the Corporation.

The accompanying management information circular provides additional detailed information relating to the matters to be dealt with at the Meeting and is supplemental to, and expressly made a part of, this notice of annual general and special meeting. Additional information about the Corporation and its financial statements are also available on the Corporation’s profile at www.sedar.com.

DATED at Toronto, Ontario, this 22[nd] day of March 2021.

ON BEHALF OF THE BOARD OF DIRECTORS

(signed) “Jean-Charles Potvin” Jean-Charles Potvin President, CEO and Chairman