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IP Survey Identifies Drill Targets at Sleeping Giant Project, James BAY, Quebec Drilling to Commence Before Year’S End

Exploration Programs

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UNITED STATES

IP SURVEY IDENTIFIES DRILL TARGETS

AT SLEEPING GIANT PROJECT, JAMES BAY, QUEBEC

DRILLING TO COMMENCE BEFORE YEAR’S END

November 17, 2023 - Vancouver, B.C.; Muzhu Mining Ltd. (CSE: MUZU) (“Muzhu”

or the “Company”) is pleased to announce the completion of an induced polarization

survey (IP Survey) on its Sleeping Giant South property located less than 1 km

southwest of the past-producing Sleeping Giant gold mine where Abcourt Mines Inc.,

recently announced re-opening of their mill to process tailings from the Sleeping Giant

mine and ore from surrounding deposits controlled by Abcourt.

The IP Survey identified two anomalies as locally silicified horizon beds enriched in

disseminated sulphides that Muzhu has determined as drill targets This mineralization

can occur along a shear zone with quartz/carbonate veining and/or along an altered

contact favored by the upcoming of hydrothermal fluids. Drilling is planned to

commence shortly and be completed before year’s end.

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.