Mr. Chris Thomas reports

JINHUA ANNOUNCES PROPOSED DEBT SETTLEMENT TRANSACTION

Jinhua Capital Corp. intends to settle an aggregate of $122,050 in outstanding debt owed to certain creditors of the company. The TSX Venture Exchange has requested the following details with regard to the issuance of the shares for debt as follows.

The debt arose from consulting services provided by the creditors for the company, as well as funds loaned to the company by the creditors. In settlement and full satisfaction of the debt in connection with the services and the loans, the company has agreed to issue to the creditors an aggregate of 6,102,500 common shares in the capital of the company at a deemed issue price of two cents per debt share. The issuance of the debt shares is subject to receipt of TSX Venture Exchange approval. All debt shares issued in connection with the debt settlement are subject to a statutory hold period of four months plus a day from the date of issuance of the debt shares in accordance with applicable securities legislation.

About Jinhua Capital Corp.

Jinhua is a mineral exploration company focused on exploring base metal properties located in Canada with a focus on British Columbia. From time to time, the company may also evaluate the acquisition of other mineral exploration assets and opportunities.

We seek Safe Harbor.