File: '\\swfile\EmailIn\20240228 062741 Attachment Jinhua - News Release announcing digital marketing and other corporate updates (February 2024)_Final.docx'

LEGAL_43250880.1

Jinhua Capital Corporation JHC:TSXV JINHUA CAPITAL CORPORATION

Suite 1500 - 1055 West Georgia Street

Vancouver, British Columbia

V6E 4N7

Jinhua Initiates Marketing Campaign

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES

VANCOUVER, BC - February 28, 2024 - Jinhua Capital Corporation (TSX-V: JHC) (the "Company" or "Jinhua") is pleased to announce that the Company has begun to roll out an extensive marketing plan to better inform the investment community about its Critical Mineral Exploration Projects in Quebec and the related development of these assets. The Company will begin its marketing campaign with a digital media focus which will lead to a more traditional investor relations platform as the Company ramps up its critical mineral exploration in the province of Quebec. All marketing service providers engaged by the Company remain subject to approval by the TSX Venture Exchange (the "TSX-V"). The Company has also engaged market makers, completed a non-brokered private placement and issued options to directors, officers and consultants. Jinhua has also launched its initial website that can be found at www.jinhuacapital.com.

Digital Marketing Initiative

To coordinate the initial marketing campaign, Jinhua is pleased to announce that it has retained Aleem Fidai and his firm Senergy Communications Capital Inc. ("Senergy") to provide digital media and capital markets communications services to the Company. Senergy is a digital marketing firm that will assist with online communications and strategies with the goal of increasing awareness of the Company and its projects.

"Aleem and his team at Senergy are the perfect group to coordinate our digital media roll-out as they have the expertise in getting the message of the importance of graphite in the development of electric vehicle (EV) batteries to non-traditional resource investors," stated Chris Thomas, C.E.O. of Jinhua. "This digital media focus will compliment more traditional investor relations and marketing that will develop in the near future."

"We are thrilled to collaborate with Jinhua to showcase their compelling narrative to the investment community," exclaimed Aleem Fidai, C.E.O. of Senergy. "Graphite holds a pivotal role in the EV transformation, and we are eager to educate investors about its significance, particularly in the context of the Company's promising Indigo graphite project situated in the Saint-Michel-des-Saints municipality, Quebec."

In consideration for these services, Jinhua has agreed to pay Senergy C$5,000 per month for a 6-month period and will issue 300,000 options exercisable at C$0.05 per share for a period of five years and vest quarterly in accordance with TSX Venture Exchange ("TSXV") policies. Subject to TSXV approval, the engagement of Senergy may be extended by mutual consent of the Company and Senergy. Other than the 300,000 stock options, to the Company's knowledge, Senergy does not have any interest, directly or indirectly, in Jinhua or its securities or any right or intent to acquire such an interest. The agreement with Senergy is subject to TSXV approval. Additionally, Senergy and its management operate at an arm's length from the Company.

Market Making Services

In addition, Jinhua has, subject to regulatory approval, retained Venture Liquidity Providers Inc. (VLP) to initiate its market-making service to provide assistance in maintaining an orderly trading market for the common shares of the company.

The market-making service will be undertaken by VLP through a registered broker, W.D. Latimer Co. Ltd., in compliance with the applicable policies of the TSX Venture Exchange and other applicable laws. For its services, the Company has agreed to pay VLP C$5,000 per month. The agreement may be terminated at any time by the corporation or VLP after three (3) months. The corporation and VLP act at arm's length, and VLP has no present interest, directly or indirectly, in the corporation or its securities. The finances and the shares required for the market-making service are provided by W.D. Latimer. The fee paid by the company to VLP is for services only.

VLP is a specialized consulting firm based in Toronto providing a variety of services focused on TSX-V-listed issuers.

Non-brokered Private Placement

Additionally, Jinhua is happy to announce that it has closed the third tranche of its non-brokered private placement (the "Offering") consisting of 1,950,000 flow-through units ("FT Units") at a price of $0.06 per FT Unit for gross proceeds of $117,000.

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 warrant, a "FT Warrant"). Each whole FT Warrant will entitle the holder to purchase one additional non-flow-through common share in the capital of the Company (a "FT Warrant Share") at a price of $0.10 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 $0.25 for 10 consecutive trading days.

The Company will also pay eligible finders: (i) a cash fee of $6,160 equal to 8% of the gross proceeds raised from subscribers introduced by the finder; (ii) issue 51,333 finder warrants ("Finder Warrants") as is equivalent to 4% of the number of FT Units, as applicable sold to subscribers introduced by the finder; and (iii) issue 51,333 of the company's common shares as is equivalent to 4% of the number of 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 $0.10 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 critical mineral 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).

This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

The Company also announces it has granted 2.0 million stock options (the "Options") to certain directors, officers and consultants. The Options are exercisable at a price of $0.05 for a period of five years from issue date. All of the Options vest immediately and were granted pursuant to the Company's stock option plan.

Closing of the Offering and granting of the options are subject to a number of conditions, including receipt of all necessary corporate and regulatory approvals, including the TSX Venture Exchange. All securities issued 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.

And last but not least, the Company has launched its first ever website that can be found at www.jinhuacapital.com. We encourage investors and interested parties to please go to the website and sign up for information updates and the Company expands its exploration programs.

About the Company

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.

For further information, please contact:

Chris Thomas,

C.E.O., Jinhua Capital Corp.

c: 778.988.8650

e: Chris@jinhuacapital.com

Forward-Looking Statements

This news release contains statements and information that, to the extent that they are not historical fact, constitute "forward-looking information" within the meaning of applicable securities legislation. Forward-looking information is based on the reasonable assumptions, estimates, analysis and opinions of management made in light of its experience and its perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances at the date that such statements are made, but which may prove to be incorrect.

Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company to differ materially from any future results, performance or achievements expressed or implied by the forward-looking information, including, but not limited to, statements relating to the Company's financial performance, business development, results of operations, and those listed in filings made by the Company with the Canadian securities regulatory authorities (which may be viewed at www.sedarplus.ca). Accordingly, readers should not place undue reliance on any such forward-looking information. Further, any forward-looking statement speaks only as of the date on which such statement is made. New factors emerge from time to time, and it is not possible for the Company's management to predict all of such factors and to assess in advance the impact of each such factor on the Company's business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements. The Company does not undertake any obligation to update any forward-looking information to reflect information, events, results, circumstances or otherwise after the date hereof or to reflect the occurrence of unanticipated events, except as required by law including securities laws.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

File: Attachment Jinhua - News Release announcing digital marketing and other corporate updates (February 2024)_Final.pdf

Jinhua Capital Corporation JHC:TSXV JINHUA CAPITAL CORPORATION

Suite 1500 - 1055 West Georgia Street Vancouver, British Columbia V6E 4N7

Jinhua Initiates Marketing Campaign

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES

VANCOUVER, BC February 28, 2024 Jinhua Capital Corporation (TSX-V: JHC) (the "Company" or "Jinhua") is pleased to announce that the Company has begun to roll out an extensive marketing plan to better inform the investment community about its Critical Mineral Exploration Projects in Quebec and the related development of these assets. The Company will begin its marketing campaign with a digital media focus which will lead to a more traditional investor relations platform as the Company ramps up its critical mineral exploration in the province of Quebec. All marketing service providers engaged by the Company remain subject to approval by the TSX Venture Exchange (the "TSX-V"). The Company has also engaged market makers, completed a non-brokered private placement and issued options to directors, officers and consultants. Jinhua has also launched its initial website that can be found at www.jinhuacapital.com.

Digital Marketing Initiative

To coordinate the initial marketing campaign, Jinhua is pleased to announce that it has retained Aleem Fidai and his firm Senergy Communications Capital Inc. ("Senergy") to provide digital media and capital markets communications services to the Company. Senergy is a digital marketing firm that will assist with online communications and strategies with the goal of increasing awareness of the Company and its projects.

"Aleem and his team at Senergy are the perfect group to coordinate our digital media roll-out as they have the expertise in getting the message of the importance of graphite in the development of electric vehicle (EV) batteries to non-traditional resource investors," stated Chris Thomas, C.E.O. of Jinhua. "This digital media focus will compliment more traditional investor relations and marketing that will develop in the near future."

"We are thrilled to collaborate with Jinhua to showcase their compelling narrative to the investment community," exclaimed Aleem Fidai, C.E.O. of Senergy. "Graphite holds a pivotal role in the EV transformation, and we are eager to educate investors about its significance, particularly in the context of the Company's promising Indigo graphite project situated in the Saint-Michel-des-Saints municipality, Quebec."

In consideration for these services, Jinhua has agreed to pay Senergy C$5,000 per month for a 6-month period and will issue 300,000 options exercisable at C$0.05 per share for a period of five years and vest quarterly in accordance with TSX Venture Exchange ("TSXV") policies. Subject to TSXV approval, the engagement of Senergy may be extended by mutual consent of the Company and Senergy. Other than the 300,000 stock options, to the Company's knowledge, Senergy does not have any interest, directly or indirectly, in Jinhua or its securities or any right or intent to acquire such an interest. The agreement with Senergy is subject to TSXV approval. Additionally, Senergy and its management operate at an arm's length from the Company.

Market Making Services

LEGAL_43250880.1 In addition, Jinhua has, subject to regulatory approval, retained Venture Liquidity Providers Inc. (VLP) to initiate its market-making service to provide assistance in maintaining an orderly trading market for the common shares of the company.

The market-making service will be undertaken by VLP through a registered broker, W.D. Latimer Co. Ltd., in compliance with the applicable policies of the TSX Venture Exchange and other applicable laws. For its services, the Company has agreed to pay VLP C$5,000 per month. The agreement may be terminated at any time by the corporation or VLP after three (3) months. The corporation and VLP act at arm's length, and VLP has no present interest, directly or indirectly, in the corporation or its securities. The finances and the shares required for the market-making service are provided by W.D. Latimer. The fee paid by the company to VLP is for services only.

VLP is a specialized consulting firm based in Toronto providing a variety of services focused on TSX-V-listed issuers.

Non-brokered Private Placement

Additionally, Jinhua is happy to announce that it has closed the third tranche of its non-brokered private placement (the "Offering") consisting of 1,950,000 flow-through units ("FT Units") at a price of $0.06 per FT Unit for gross proceeds of $117,000.

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 warrant, a "FT Warrant"). Each whole FT Warrant will entitle the holder to purchase one additional non-flow-through common share in the capital of the Company (a "FT Warrant Share") at a price of $0.10 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 $0.25 for 10 consecutive trading days.

The Company will also pay eligible finders: (i) a cash fee of $6,160 equal to 8% of the gross proceeds raised from subscribers introduced by the finder; (ii) issue 51,333 finder warrants ("Finder Warrants") as is equivalent to 4% of the number of FT Units, as applicable sold to subscribers introduced by the finder; and (iii) issue 51,333 of the company's common shares as is equivalent to 4% of the number of 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 $0.10 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 critical mineral 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).

This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

The Company also announces it has granted 2.0 million stock options (the "Options") to certain directors, officers and consultants. The Options are exercisable at a price of $0.05 for a period of five years from issue date. All of the Options vest immediately and were granted pursuant to the Company's stock option plan.

Closing of the Offering and granting of the options are subject to a number of conditions, including receipt of all necessary corporate and regulatory approvals, including the TSX Venture Exchange. All securities issued will be subject to a statutory hold period of four months plus a day from the date of issuance in

LEGAL_43250880.1 accordance with applicable securities legislation.

And last but not least, the Company has launched its first ever website that can be found at www.jinhuacapital.com. We encourage investors and interested parties to please go to the website and sign up for information updates and the Company expands its exploration programs.

About the Company

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.

For further information, please contact:

Chris Thomas, C.E.O., Jinhua Capital Corp. c: 778.988.8650 e: Chris@jinhuacapital.com

Forward-Looking Statements

This news release contains statements and information that, to the extent that they are not historical fact, constitute "forward-looking information" within the meaning of applicable securities legislation. Forward- looking information is based on the reasonable assumptions, estimates, analysis and opinions of management made in light of its experience and its perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances at the date that such statements are made, but which may prove to be incorrect.

Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company to differ materially from any future results, performance or achievements expressed or implied by the forward-looking information, including, but not limited to, statements relating to the Company's financial performance, business development, results of operations, and those listed in filings made by the Company with the Canadian securities regulatory authorities (which may be viewed at www.sedarplus.ca). Accordingly, readers should not place undue reliance on any such forward-looking information. Further, any forward-looking statement speaks only as of the date on which such statement is made. New factors emerge from time to time, and it is not possible for the Company's management to predict all of such factors and to assess in advance the impact of each such factor on the Company's business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements. The Company does not undertake any obligation to update any forward-looking information to reflect information, events, results, circumstances or otherwise after the date hereof or to reflect the occurrence of unanticipated events, except as required by law including securities laws.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

LEGAL_43250880.1