Correction for May 23

NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN

THE UNITED STATES

CORRECTION TO NEWS RELEASE ANNOUNCING

COMPLETION OF $135,375 PRIVATE PLACEMENT

May 24, 2024 - Vancouver, B.C.; Muzhu Mining Ltd. (CSE: MUZU) (“Muzhu” or the “Company”)

announces that further it its news release dated May 23, 2024 the Company announces a correction to the

amount of proceeds raised. The aggregate amount raised was $135,375.

Each unit is comprised of one (1) common share and one (1) common share purchase warrant. Each

warrant entitles the holder to acquire one (1) additional common share of the Company at an exercise price

of $0.07 for a period of one (1) year from the date of issuance.

The securities issued pursuant to the offering shall be subject to a four month hold period expiring on

September 22, 2024.

ON BEHALF OF THE BOARD OF DIRECTORS

Muzhu Mining Ltd.

Dwayne Yaretz,

CEO

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.