Work Program On The HPM NI-CU-CO Project

TORONTO - Murchison Minerals Ltd. has retained Orix Geoscience to complete ground prospecting on the 58 km2 HPM nickel, copper and cobalt project located east of the Manicouagan crater in eastern Quebec and contracted Prospectair Geosurveys Inc. of Gatineau, QC to complete a 1,400-line kilometer airborne magnetic (MAG) survey over the entire claim block.

Murchison acquired additional claims earlier this year and managed to assemble a block of contiguous claims, which facilitates mining exploration. Past prospecting identified numerous Ni-Cu-Co mineralized showings and numerous unexplored airborne EM anomalies which require follow-up.

To date, only a small portion of the HPM property has been evaluated. Previous exploration has been primarily focused on two areas of Ni-Cu-Co mineralization (PYC & Barre de Fer) which were originally discovered by Falconbridge Nickel. Past diamond drilling at PYC (1 hole) and Barre de Fer (25 holes) has confirmed that the Ni-Cu-Co mineralization continues at depth. Generally, mineralization occurs as massive sulfide breccia and as disseminated (5-15% sulfides) to net-textured sulfide in norite intrusion (Barre de Fer area) and in granulitic gabbro (PYC area).

Drilling completed in 2008 confirmed the presence of massive and semi-massive sulphide made up of pyrrhotite, pentlandite and chalcopyrite. Drilling, which concentrated on the Barre de Fer target, intersected numerous high-grade Nickel/Copper/Cobalt intervals including in hole HPM 08-03 where 43.2 m assayed 1.74% Ni, 0.90% Cu, & 0.1% Co. Barre de Fer EM conductor extends over 550 m in strike length. A single hole drilled on the PYC EM conductor, which can be traced for 1,400 m, intersected 15.3 m @0.28% Ni, 0.14% Cu 0.06% Co.

The Prospectair helicopter-based MAG survey will take place at low altitude along 50-meter-wide line spacing to achieve very high-definition map of the project area. This work will take approximately 4 days, expected to be completed in mid-September.

The Company has selected Orix Geoscience consulting group to complete ground exploration on targets identified by historical work. The team of geologists initiated work on August 26 for a period of 7 to 8 days accessing the HPM project site daily by helicopter chartered from Innukopteres of Sept-Iles. The prospecting team is equipped with a Beep Mat instrument to identify and investigate the airborne conductive anomalies on the ground and determine their source.