Muzhu Announces Flow-Through Private Placement

MUZHU ANNOUNCES FLOW-THROUGH PRIVATE PLACEMENT

Vancouver, BC – December 27 , 2024 – Muzhu Mining Ltd. (CSE:MUZU) (“Muzhu” or the

“Company”) is pleased to announce that the Company has arranged a non -brokered private

placement of 2,223,000 flow-through units (each, a “FT Unit”) at $0.09 per FT Unit for gross proceeds

of $200,070. E ach FT Unit consists of one flow-through common share and one common share

purchase warrant entitling its holder to purchase one common share at $0.12 for a period of 36

months from the date of issuance. The proceeds of $ 200,070 from the financing will be used for

exploration purposes.

A finder’s fee of a combination of cash, shares and/or warrants will be paid to eligible finders in

relation to this financing, all in accordance with the CSE policies. All securities issued pursuant to

the offering will be subject to a hold period of four months and one day from the date of closing. The

offering and payment of finders' fees are both subject to approval by the CSE.

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.