Mr. Jia Qian reports

JINHUA ANNOUNCES $900,000 FLOW-THROUGH AND $500,000 NON-FLOW-THROUGH PRIVATE PLACEMENTS

Jinhua Capital Corp. has arranged a non-brokered private placement of up to 15 million flow-through units at a price of six cents per FT unit for gross proceeds of up to $900,000 and up to 10 million non-flow through units (NFT units) at a price of five cents per unit for gross proceeds of up to $500,000. The offering is expected to close in multiple tranches.

Each FT unit will consist of one flow-through common share of the company as defined in the Income Tax Act (Canada) and one-half of a common share purchase warrant. Each whole FT warrant will entitle the holder to purchase one additional non-flow-through common share in the capital of the company at a price of 10 cents per FT warrant share for a period of 18 months from the closing of the offering, subject to acceleration of the expiry date to 15 days in the event that the price of the company's common shares close at or above 25 cents for 10 consecutive trading days.

Each NFT unit will consist of one non-flow-through common share in the capital of the company and one share purchase warrant. Each NFT warrant will entitle the holder to purchase one additional non-flow-through common share in the capital of the company at a price of five cents per NFT warrant share for a period of six months from the closing of the offering.

The company may also pay eligible finders: (i) a cash fee equal to 8 per cent of the gross proceeds raised from subscribers introduced by the finder; (ii) issue such finder the number of finder warrants as is equivalent to 4 per cent of the number of FT units or NFT units, as applicable sold to subscribers introduced by the finder; and (iii) issue such finder the number of the company's common shares as is equivalent to 4 per cent of the number of NFT units or FT units, as applicable sold to subscribers introduced by the finder. Each finder warrant shall entitle the holder thereof to purchase one additional common share at a price of 10 cents for 12 months from the closing of the offering.

The gross proceeds raised from the issuance of the FT units will be used by the company to incur exploration expenditures on the company's resource claims in the province of Quebec and will constitute "Canadian exploration expenses" as defined in the Income Tax Act (Canada). The net proceeds raised from the issuance of the NFT units will be used by the company for exploration and development activities and for working capital and general corporate purposes closing of the offering is subject to a number of conditions, including receipt of all necessary corporate and regulatory approvals, including the TSX Venture Exchange. All securities issued in connection with the offering will be subject to a statutory hold period of four months plus a day from the date of issuance in accordance with applicable securities legislation.

About Jinhua Capital Corp.

Jinhua is a mineral exploration company focused on exploring the Pluto gold and base metals property located in the Dolomieu and Daubree townships of Quebec. From time to time, the company may also evaluate the acquisition of other mineral exploration assets and opportunities.

We seek Safe Harbor.