Muzhu Mining Closes First Tranche of Offering, Upsizes Total

Vancouver, British Columbia — December 11, 2025 — Leads & Copy — Muzhu Mining Ltd. (CSE: MUZU) (OTCPK: MUZU.F) (FSE:Y33) has completed the first tranche of its non-brokered offering, raising $250,000 through the issuance of 3,125,000 flow-through units priced at $0.08 each.

The company has increased the offering from $750,000 to $1,000,000, which will consist of up to $500,000 in units priced at $0.06 each, and up to $500,000 in flow-through units priced at $0.08 each.

Each warrant allows the holder to purchase one common share at $0.10 for up to 24 months after the offering closes.

The company intends to use the net proceeds from the sale of units to fund the initial option payment for the Everett titanium property in Quebec, for working capital, and for general corporate purposes. The gross proceeds from the sale of flow-through units will be used for surface exploration, metallurgical testing, and verification of historical exploration work at the Everett Property. Permitting is planned for diamond drilling in selected locations in the northern extremity of the Everett oxide body.

The offering's subsequent tranche is anticipated to close around December 23, 2025, subject to regulatory approvals. Finders' fees will include a cash fee of 8% and finder's warrants equal to 8% of the sourced securities, exercisable at $0.06. All securities are subject to a four-month hold period.

Dwayne Yaretz, CEO
Phone: 778-709-3398
Email: info@muzhumining.ca

Source: Muzhu Mining Ltd.