File: '\\swfile\EmailIn\20240412 061329 Attachment Jinhua - News Release announcing Fahmy_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 Announces Appointment of John Fahmy as Director

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 - April 12, 2024 - Jinhua Capital Corporation (TSX-V: JHC) (the "Company" or "Jinhua") is pleased to announce the appointment of Mr. John Fahmy to its Board of Directors, effective immediately following the resignation of director, Kendal Yuen.

John Fahmy is an investor/consultant to various public and private companies across the technology, real estate, life sciences, brick & mortar and resources sectors. Having invested in over 50 public/private companies. He has been involved in several merchant banking transactions, focused on acquisition and business development primary within the junior mining sector. John has been part of various successful mining projects from exploration to discovery. These deals have went on to making world class discoveries and appreciated to well over $100M in market capitalization and aggregate capital raised of $30M through Mr. Fahmy's network.

Mr. Fahmy was part of the York Harbour Metals project acquisition which went on to make a world class copper VMS discovery in Newfoundland and facilitated deal origination and business development transactions.

The Company would like to thank Mr. Yuen for his contributions to the Company and wishes him well in his future endeavours.

In other news, the Company has issued 2.3 million Restricted Share Units ("RSUs") to directors and consultants pursuant to Jinhua's Omnibus incentive program to directors and consultants. The RSUs are subject to a four month hold from the date of issuance

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 and the Indigo Graphite Project in the Saint-Michel-des-Saints municipality 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 Fahmy_Final.pdf

Jinhua Capital Corporation JHC:TSXV JINHUA CAPITAL CORPORATION

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

Jinhua Announces Appointment of John Fahmy as Director

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 April 12, 2024 Jinhua Capital Corporation (TSX-V: JHC) (the "Company" or "Jinhua") is pleased to announce the appointment of Mr. John Fahmy to its Board of Directors, effective immediately following the resignation of director, Kendal Yuen.

John Fahmy is an investor/consultant to various public and private companies across the technology, real estate, life sciences, brick & mortar and resources sectors. Having invested in over 50 public/private companies. He has been involved in several merchant banking transactions, focused on acquisition and business development primary within the junior mining sector. John has been part of various successful mining projects from exploration to discovery. These deals have went on to making world class discoveries and appreciated to well over $100M in market capitalization and aggregate capital raised of $30M through Mr. Fahmy's network.

Mr. Fahmy was part of the York Harbour Metals project acquisition which went on to make a world class copper VMS discovery in Newfoundland and facilitated deal origination and business development transactions.

The Company would like to thank Mr. Yuen for his contributions to the Company and wishes him well in his future endeavours.

In other news, the Company has issued 2.3 million Restricted Share Units ("RSUs") to directors and consultants pursuant to Jinhua's Omnibus incentive program to directors and consultants. The RSUs are subject to a four month hold from the date of issuance

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 and the Indigo Graphite Project in the Saint- Michel-des-Saints municipality 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

LEGAL_43250880.1 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