Muzhu Expands Chinese Exploration Activities

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THE UNITED STATES

MUZHU EXPANDS CHINESE EXPLORATION ACTIVITIES

Vancouver, BC – August 29, 2024 – Muzhu Mining Ltd. (CSE:MUZU) (“Muzhu” or

the “Company”) is pleased to announce that the Company’s wholly owned Chinese

subsidiary Louyang Sow International Mining Company Ltd “LSM” has paid a good faith

refundable deposit of 1,000,000 RMB ($190,000) to allow time to investigate a

prospective gold project known as the Wulonggou Gold Mine "WGM" . The mineral

structure in this mine has been well explored and studied and some of th e mineral veins

are already in production.

LSM intends to cooperate with WGM to explore past workings by local miners who

confirmed the existence of a mineralized structure. The prospective vein structure is

expected to be consistent, both in width, extension and grade, with some of the veins of

WGM that are already in production. An agreement is currently being negotiated in the

event the exploratory investigation provides positive results.

ON BEHALF OF THE BOARD OF DIRECTORS

Dwayne Yaretz,

CEO

Muzhu Mining Ltd. Phone: 778-709-3398

Email: [email protected]

Website: muzhumining.ca

Muzhu Mining Ltd. is a Canadian publicly traded exploration company with a portfolio of

highly prospective projects at various stages of development. Muzhu currently holds

100% interest in the Sleeping Giant South Project, located in the Abitibi Greenstone Belt,

approximately 75km South of Matagami, Quebec. As well, Muzhu has executed two

option agreements to acquire up to 80% of the Silver, Zinc, Lead XWG and LMM

Properties in the Henan Province located in China.

Neither the Canadian Securities Exchange (the “CSE”) nor its Regulation Services

Provider (as that term is defined in the policies of the CSE) accepts responsibility for the

adequacy or accuracy of this release.