Mr. Dwayne Yaretz reports

MUZHU MINING ANNOUNCES NON-BROKERED PRIVATE PLACEMENT

Muzhu Mining Ltd. has arranged a non-brokered private placement of up to 3.75 million units for eight cents per unit, with each unit consisting of one common share and one common share purchase warrant entitling its holder to purchase one common share at 12 cents for a period of one year after issuance. The proceeds of up to $300,000 from the financing will be used for working capital.

Fees payable in cash, warrants or a combination thereof may be payable to eligible individuals.

Muzhu is a Canadian publicly traded exploration company with a portfolio of highly prospective projects at various stages of development. Muzhu currently holds a 100-per-cent interest in the Sleeping Giant South project, located in the Abitibi greenstone belt, approximately 75 kilometres south of Matagami, Que. As well, Muzhu has executed two option agreements to acquire up to 80 per cent of the silver, zinc and lead XWG and LMM properties in the Henan province located in China.