Muzhu Mining Announces Board and Executive Changes

MUZHU MINING ANNOUNCES BOARD AND EXECUTIVE CHANGES

July 14, 2022 - Vancouver, BC; Muzhu Mining Ltd. (CSE: MUZU) (“Muzhu” or the

“Company”) announces that Messrs. Donald Baxter and Rodney Stevens have

resigned their positions as Chief Executive Officer (“CEO”) and Vice President and their

Director positions on the Board of Muzhu effective as of July 11, 2022. The Company

would like to thank them for their service and wish them all the best in their future

endeavours.

Muzhu is pleased to announce that Mr. James Sung Fu Tong, currently a Director and

the former CEO of the Company has accepted the role of Interim CEO. Mr. Tong has

been instrumental in Muzhu’s execution of the option agreement to acquire up to 80% of

the advanced Silver, Zinc, Lead XWG Property in the city of Luoyang, Henan Province

of China.

ON BEHALF OF THE BOARD OF DIRECTORS

James Sung Fu Tong

Interim CEO, Director

Muzhu Mining Ltd.

Phone: 1-226-455-5644

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 a 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

advanced Silver, Zinc, Lead XWG Property in the city of Luoyang, Henan Province of China.

Cautionary Notes

This news release is not to be distributed in the United States nor does it constitute an offer to sell or a

solicitation of an offer to buy nor shall there be any sale of any of the securities in any jurisdiction in which

such offer, solicitation or sale would be unlawful, including any of the securities in the United States of

America. The securities have not been and will not be registered under the United States Securities Act of

1933, as amended (the “1933 Act”) or any state securities laws and may not be offered or sold within the

United States or to, or for account or benefit of, U.S. Persons (as defined in Regulation S under the 1933

Act) unless registered under the 1933 Act and applicable state securities laws, or an exemption from such

registration requirements is available.

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.