Muzhu Receives 200,000 RMB for Wulonggou Bulk Sample

MUZHU RECEIVES ADVANCE PAYMENT ON BULK SAMPLE

FROM WULONGGOU GOLD MINE

Vancouver, BC – December 17, 2024 – Muzhu Mining Ltd. (CSE:MUZU) (FSE:Y33) (OTCQB:MUZUF)

(“Muzhu” or the “Company”) is pleased to announce that the Company’s wholly owned Chinese

subsidiary Luoyang Sow International Mining Company Ltd “LSM” has received a ¥200,000 RMB

(about CDN $40,000.00) advance payment against the bulk sample from the Wulonggou Gold Mine

(WGM).

The Wulonggou Gold Mine is in Xishan Township, Luoning County, Henan Province, China. Luoning

County encompasses numerous historical and producing gold-silver mines.

The Luonyang Kai Xing Commerce Co., Ltd., of Dongcheng Community, Luoning County, Henan

Province, China collected and analyzed samples from WGM and, subsequently, offered to purchase

the 200 tons of concentrate from the first 5,000-ton bulk sample announced by Muzhu in its news

release dated December 13, 2024 . Luonyang Kai Xing Commerce Co. Ltd has issued Muzhu a

¥200,000.00 RMB refundable deposit.

The historical F12 vein was exposed after excavating a new portal and drifting 70m. The bulk sample

will be sent to the Luoning County Jun De Hong Yu flotation mill for processing. The mill, shown on

the map above, is approximately 10 km from the Wulonngou Mine and has a 1000 tpd capacity.

The F12 is one of several veins in the WLG Gold Mine mineralized structure. Three of these currently

identified veins are still being worked on, but production from the F12 vein ceased in 1999 when a

provincial highway was constructed, and the mine entrance was deemed too close to the proposed

highway.

All Shareholders are encouraged to forward their email address to the Company’s email address

below to receive future Letters to Shareholders and Corporate Communications.

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. Muzhu has also executed two option agreements to acquire up to 80% of the

Silver, Zinc, Lead XWG and LMM Properties in the Henan Province 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.