Mr. Dwayne Yaretz reports

MUZHU ANNOUNCES FLOW-THROUGH PRIVATE PLACEMENT

Muzhu Mining Ltd. has arranged a non-brokered private placement of 2,223,000 flow-through units at nine cents per FT unit for gross proceeds of $200,070. Each FT unit consists of one flow-through common share and one common share purchase warrant entitling its holder to purchase one common share at 12 cents for a period of 36 months from the date of issuance. The proceeds of $200,070 from the financing will be used for exploration purposes.

A finder's fee of a combination of cash, shares and/or warrants will be paid to eligible finders in relation to this financing, all in accordance with Canadian Securities Exchange policies. All securities issued pursuant to the offering will be subject to a hold period of four months and one day from the date of closing. The offering and payment of finders' fees are both subject to approval by the CSE.

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, lead XWG and LMM properties in the Henan province located in China.