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Muzhu Mining Appoints Advisory Committee and Grants Stock Options

Management Changes Share Capital & Compensation

MUZHU MINING APPOINTS ADVISORY COMMITTEE AND GRANTS STOCK

OPTIONS

Not for distribution to U.S. news wire services or for dissemination in the United States

February 10th, 2022 - Vancouver, B.C.; Muzhu Mining Ltd. (CSE: MUZU) (“Muzhu”

or the “Company”) is pleased to announce it has created a newly formed advisory

committee and appointed the following members to the committee:

Mr. Greg Hall:

Mr. Hall has 40 years of experience in venture capital and an extensive background in

corporate finance.

Former positions: Founding Partner & Director, PI Financial; Founding Partner &

Director, Haywood Securities; VP, Canaccord Genuity; Sr. VP, Leede Jones Gable;

Director & Chairman Audit Committee, Silvercorp Metals (NYSE).

Current positions: President, Water Street Assets; Co-Founding Shareholder & Director,

CanX CBD Processing; Co-Founder & Director, Silver Elephant Mining (TSX); Co-

Founding Shareholder & Former Director, Numinus Wellness; Member of the Institute of

Corporate Directors.

Mr. Anthony Tam, CPA, CA:

Mr. Anthony Tam holds a degree in Bachelor of Sciences - Engineering Physics and a

degree in Bachelor of Sciences - Mining Engineering, both from Queen's University. Mr.

Tam also holds a CPA, CA designation. He brings over 35 years of experience in the

mining industry including numerous management positions with both public and private

companies in North America and China. With these companies, Mr. Tam has been

instrumental in the acquisition, exploration, and development of numerous

mineral properties. He has been successful in negotiating various joint venture

agreements in China, along with conducting preliminary geological and engineering

assessments of mineral properties.

Mr. Aaron Meckler, CIM. FCSI:

Aaron Meckler is an investment banker and seasoned corporate finance professional

with experience in both public and private capital markets across a wide range of

sectors, including real estate, technology, esports and cannabis. He has been involved

in multiple public listings, and has advised companies on both buy-side and sell-side

M&A.

Mr. Meckler is the Co-Founder, CFO and Director of Amuka Capital, a boutique

investment and merchant banking firm in Toronto, Ontario. He is also currently the CFO

and board member to multiple reporting issuers and public companies in Canada.

Mr. Meckler holds a B.Com from York University, the Chartered Investment Manager

(CIM) designation and the Fellow of CSI (FCSI) designation.

The company has granted incentive stock options to the committee members to acquire

an aggregate of 250,000 common shares in the capital of the company at an exercise

price of $0.14 cents (the “options”) in accordance with the Company’s 10% rolling

incentive stock option plan. The options are exercisable for a five-year term expiring

February 10th, 2027.

In addition, the Company has appointed Mr. Connor Pantaleo as Vice-President -

Business Development and Mr. Karim Siyani has resigned as Vice-President -

Communications, but remains in a consulting role.

ON BEHALF OF THE BOARD OF DIRECTORS

Donald Baxter, P. ENG

CEO

Muzhu Mining Ltd.

Phone: 1-226-455-5644

Email: [email protected]

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 an

option agreement to acquire up to 80% of the Silver, Zinc, Lead XWG Property 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.