July 14, 2022 – TheNewswire - Vancouver, BC - Muzhu Mining Ltd. (CSE:MUZU) (CNSX:MUZU.CN) (“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: info@muzhumining.ca

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

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