Mineral Hill Provides an Update Regarding the Financing

Trading Symbols:

TSX Venture Exchange: MHI

Frankfurt: MLN/WKN: A1JKJN

OTC Market (US) Pink Sheets: MHIFF

NEWS RELEASE

HO:

#170- 422 Richards Street, Tel : 604-617-6794

Vancouver, BC, Canada, V6B 2Z4 Fax:604-568-9844

www.MineralHill.com Email:[email protected]

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MINERAL HILL PROVIDES AN UPDATE REGARDING THE FINANCING

ANNOUNCED ON APRIL 29, 2022

Vancouver, BC, Canada – July 28, 2022

Mineral Hill Industries Ltd. (“Mineral Hill” or “the Company”) listed on the TSX Venture

exchange (“TSXV”) under the trading symbol “MHI” and on the Deutsche Boerse, Frankfurt under the

trading symbol “MLN” announces that it plans to complete the private placement announced on April

29, 2022, which has been delayed.

The conditions of the financing will remain the same with the Company raising $150,000

comprised of 600,000 common shares at $0.25. The funds will be used for working capital.

Due to the current financial climate, the Company has experienced some delays but has received

an executed subscription agreement and expects to close the private placement in the near future.

The private placement is subject to the acceptance by the TSX Venture Exchange and cannot

close until it is accepted by the TSX Venture Exchange.

ABOUT MINERAL HILL INDUSTRIES LTD.

Mineral Hill is a publicly trading junior mining company focused on the acquisition, exploration,

development and possible mining of natural resources, with the objective of developing the Dot-Apex

Claim Group (“Apex Claims”) and the Master-ACE Claim Group (“ACE Claims”), located in south-

western British Columbia (the “BC-Project”).

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined

in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of

this release.

This news release may contain forward-looking statements based on assumptions and judgments of management

regarding future events or results. Such statements are subject to a variety of risks and uncertainties which could

cause actual events or results to differ materially from those reflected in the forward-looking statements. There

is no assurance the private placement referred to above will close on the terms as stated, or at all. The Company

disclaims any intention or obligation to revise or update such statements.

FOR FURTHER INFORMATION CONTACT :

Dieter Peter, President & CEO; Phone: +1 (604) 617-6794