Muzhu Closes Private Placement

MUZHU CLOSES PRIVATE PLACEMENT

Vancouver, BC – August 8 , 2025 – Muzhu Mining Ltd. (CSE:MUZU) (FSE:Y33) (OTCQB:MUZUF)

(“Muzhu” or the “Company”) is pleased to announce a private placement of 1,259,000 units at $0. 10

per unit for gross proceeds of $ 125,900. Each Unit is comprised of one (1) common share ( each, a

“Share”) of the Company and one (1) non-transferable share purchase warrant (the “Warrants”). Each

Warrant entitles the holder to purchase one (1) common share at a price of $0.14 per Share for the first

year and $0.20 per common share for the second year, subject to the following acceleration provision: if

the closing price for the common shares of the Company as traded on the Canadian Securities Exchange

is equal to or greater than $0.30 per common share for any 20 consecutive trading days (the “Threshold

Period”) occurring any time after the expiry of the four (4) month hold period, then the subscriber shall

have until 4:00 p.m. (Vancouver, BC Time) of the 30 th calendar day after the Company’s news release

announcement of the occurrence of the Threshold Period to exercise the sha re purchase warrants (the

“Accelerated Expiry Date”). The share purchase warrants shall expire on the earlier of the last day of the

two (2) year exercise term or the Accelerated Expiry Date. The Issuer shall issue no other notice other than

such news release.

All of the securities distributed under the foregoing private placement are subject to a four -month hold

period from the date of issue, Proceeds will - used for working capital and exploration projects.

ON BEHALF OF THE BOARD OF DIRECTORS

Dwayne Yaretz,

CEO

Muzhu Mining Ltd.

Phone: 778-709-3398

Email: [email protected]

Website: www.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 and is currently pursuing an exploration agreement at the WLG

mine, all located in the Henan Province, 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.